UK Bank Starling Bans Deposits And Purchases Related to Cryptocurrencies

The latest financial institution to forbid crypto-related transfers and activity for its cardholders is the British digital bank Starling. Its customers won’t be able to buy cryptocurrencies like Bitcoin or accept incoming transactions from exchanges or retailers

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South Korea Will Alter Its Legal System to Better Manage Cryptocurrency Projects

Authorities from South Korea are submitting additional revisions to the Digital Assets Bill to gain more control over cryptocurrency exchanges in the wake of the collapse of Terra LUNA and the bankruptcy of FTX.

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Loan Request Drives Iris Energy to Reduce Bitcoin Mining Capacity

Iris Energy, an Australian cryptocurrency mining business focused on establishing BTC mining facilities in Canada that only use renewable energy, has just stopped mining in two subsidiaries. However, the company

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U.S. Senators Call For Review of SoFi’s Cryptocurrency Listings by Bank Regulators

U.S. senators Sherrod Brown (D-Ohio), Chris Van Holland (D-Md.), Jack Reed (D-R.I.), & Tina Smith (D-Minn.) sent open letters to SoFi, a digital finance startup, and several bank regulators requesting a “review”

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Assets Worth $104 Million Belonging to Terra Co-Founder Confined by South Korea

Daniel Shin, the co-founder of Terraform Labs, purportedly has assets worth roughly $104 million that has apparently been frozen by a court order issued by South Korean authorities. They accused him of unfairly

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Russia and Cuba Considering Use of Cryptocurrencies For Settlements Amidst Sanctions

In light of the restrictions placed on both countries, the governments of Cuba and Russia are looking forward to using Russian rubles and cryptocurrencies to promote bilateral collaboration. The information was released

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Financial Intelligence Unit of Turkey Begins Investigatng into FTX Collapse

The struggling cryptocurrency exchange FTX is the subject of an inquiry by the Turkish organization in charge of combating financial crime. The government disclosed it had been monitoring the trading platform’s activity in Turkey days after it filed for bankruptcy in the US

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FTX Collapse Might Increase Layoffs in Cryptocurrency Sector

Recruitment experts warn that the collapse of crypto exchange FTX and any subsequent infirmity may increase layoffs at crypto businesses in the upcoming months. A study released on November 14 by cryptocurrency data aggregator CoinGecko showed that 4,695 people

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Ukraine’s Cyberpolice Uncovers Crypto Scam Members Earning €200 Million Per Year

Five Ukrainian residents have been identified by the National Police of Ukraine’s (NPU) cybercrime fighting division as participants in a massive worldwide fraud operation that attracted victims with claims of huge returns on fraudulent investments

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Bitcoins Worth $3 Billion Left Exchanges Amid Concerns About FTX Contagion

With approximately $3 billion in bitcoin removed from exchanges in the last seven days, bitcoin investors are withdrawing money at a rate not seen since April 2021. According to recent statistics from on-chain analytics company Glassnode, there were around 90,000 wallets

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