The third quarter of 2024 presented a paradox in the realm of cybersecurity, showcasing a drastic drop in the number of reported hacks while simultaneously revealing a troubling trend in the recovery of stolen funds. With only 28 incidents reported, this marks the lowest frequency of hacks seen in three years. However, what is even
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In the vast realm of cryptocurrency, where rapid developments and intricate concepts often bewilder newcomers and veterans alike, Semilore Faleti emerges as a distinguished figure. His journey from general writing to specializing in cryptocurrency journalism reflects not only personal evolution but also a significant contribution to the landscape of digital asset communication. With a clear
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Wrapped Bitcoin (WBTC), a product birthed from the collaboration of BitGo, Kyber Network, and Ren, has established a notable foothold in the tokenized Bitcoin landscape. By representing each Bitcoin in a 1:1 format on alternative blockchains such as Ethereum and Solana, WBTC uniquely enables users to utilize Bitcoin within decentralized finance (DeFi) ecosystems. This maneuver
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On October 2nd, 2023, Taiwan’s Financial Supervisory Commission (FSC) disclosed substantial updates to its Anti-Money Laundering (AML) regulations aimed specifically at virtual asset service providers (VASPs). This initiative is a deliberate step toward tightening oversight within Taiwan’s burgeoning crypto market. As the framework for combating financial crime evolves, the FSC seeks to bolster compliance among
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In a groundbreaking move for financial inclusivity, Bybit, a prominent cryptocurrency exchange, recently unveiled its Islamic Crypto Account, designed specifically for its Muslim clientele. As announced by Bybit’s CEO Ben Zhou on September 24, this initiative represents a significant development in bridging the gap between Islamic finance principles and the modern digital asset trading landscape.
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In a bold move toward integrating cryptocurrency into the fabric of governmental financial transactions, Ohio State Senator Niraj Antani has recently unveiled a significant piece of legislation aimed at legalizing Bitcoin (BTC) and other cryptocurrencies for tax payments. Introduced on September 30, this bill signifies a renewed effort to position Ohio as a leader in
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In the fast-paced world of cryptocurrency, the last day has been characterized by notable volatility, particularly spotlighting Bitcoin. After oscillating around the $61,000 mark, Bitcoin staged a notable rebound, surpassing the $62,000 threshold and hitting approximately $62,250. This recent surge not only reflects the resilience of Bitcoin itself but has also catalyzed a positive wave
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