Author Archives: creative

Huobi winds down former exchange operator in China

Huobi’s move follows a similar decision by crypto exchange OKEx, which resolved to dissolve its China-based entity in late June. Stakeholders in the Chinese firm that was founded to operate cryptocurrency exchange Huobi have resolved to dissolve the entity, according to publicly available records. The firm, Beijing Huobi Tianxia Network Technology Ltd., was established in late 2013 and is 70.52% owned by Li Lin, the founder and CEO of Huobi Group. It has 10 million yuan ($1 million) in registered capital and a total of five subsidiaries.  […]

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Brazilian Authorities Seize $33 Million in Money Laundering Investigation Linked to Cryptocurrency Exchanges

The Brazilian authorities seized $33 million linked to a money-laundering investigation involving cryptocurrency exchanges. The operation, called “Exchange Transaction” by the Brazilian police, involved six search warrants in different locations of the country. These searches were directed to find shell companies that used cryptocurrency exchanges for alleged money laundering purposes. Brazilian Police Seize $33 Million in Money Laundering Probe Brazilian authorities have seized $33 million belonging to shell companies that, according to reports from the Brazilian police, used cryptocurrency exchanges for money laundering purposes. Brazilian courts issued […]

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Bitcoin price seeks higher low as trader forecasts $45K breakout within weeks

Bitcoin will need several attempts, but resistance should ultimately fall to bulls, but a healthy consolidation is also required, market participants explain. Bitcoin (BTC) traded steady on July 27 after a surge above $40,000 resulted in higher levels broadly holding. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView All eyes on Bitcoin higher lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near $37,000, around 8.8% below the peak of Monday’s gains. Its first trip above $40,000 in six weeks, Bitcoin price action is now attempting to […]

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Kazakhstan to reportedly allow banks to process crypto purchases

A new project in Kazakhstan aims to enable local crypto businesses to provide crypto investment services legally. The Kazakhstan government is reportedly planning to officially authorize local banking institutions to open bank accounts for cryptocurrency transactions. Several banks in Kazakhstan will soon be officially approved to service companies and businesses providing exposure to cryptocurrencies like Bitcoin (BTC), local news channel Khabar 24 reported Sunday. Citing executives from the Data Center Industry and Blockchain Association of Kazakhstan, the report notes that it is unclear what financial institutions or […]

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India to use Ethereum blockchain to verify diploma certificates

A new partnership with LegitDoc places India among early adopters to implement an e-governance system for higher education. The Government of Maharashtra recently announced a partnership with Indian blockchain startup LegitDoc to implement a credentialing system powered by Ethereum (ETH) for providing tamper-proof diploma certificates.  In an effort to counter the rise in document forgery, the Maharashtra State Board of Skill Development (MSBSD) goes against India’s crypto ban narrative to use Ethereum-based public blockchain. In an exclusive statement with Cointelegraph, LegitDoc CEO Neil Martis highlighted that while […]

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Finder’s Experts Predict Ethereum Will Reach $4.5K This Year, $18K in 2025

Ethereum will have a very bullish year, according to a price prediction poll made by Finder. The average price that the second-ranked crypto asset by market capitalization will reach this year is about $4.5K, according to polled experts in the cryptocurrency industry. The panel is also bullish about ethereum long term, expecting a price of about $18K for the year 2025. Experts Bullish About Ethereum in the Short Term Finder, an investing companion app, released its Ethereum price prediction poll results, which reveal a bullish sentiment for […]

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Institutions continue offloading BTC exposure despite price rebound

Bitcoin funds are still in decline as institutional sentiment remains bearish. Investments in institutional Bitcoin products have continued to decline this past week. In its July 26 Digital Asset Fund Flows report, CoinShares notes institutional crypto products have experienced outflows for the third consecutive week, with $28 million exiting the sector during the week ending July 23. As such, the week saw a 170% increase in outflows compared to the $10.4 million for the previous seven days. The findings revealed that Bitcoin-based funds saw the largest outflows […]

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Binance and Russian museum to tokenize Da Vinci and Van Gogh paintings

Masterpieces from Leonardo da Vinci, Vincent van Gogh, Claude Monet, and Giorgione will be tokenized for auction via Binance’s NFT marketplace next month. Binance’s NFT marketplace has announced it is teaming up with the Saint Petersburg-based State Hermitage Museum to issue tokenized collectibles depicting the works of renowned artists including Leonardo da Vinci and Vincent van Gogh. On July 27, Binance revealed it is partnering with the museum to create and issue the nonfungible tokens at the end of August. All Binance users will be able to […]

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Chicago Bulls team up with Shopify to launch NFT series

The Chicago Bulls have launched an NFT drop via Shopify, with the e-commerce platform having recently integrated Sweet’s NFT marketplace. The NBA’s Chicago Bulls have launched NFTs depicting six championship wins from the 1990s via leading e-commerce platform Shopify. Shopify is a multinational firm that provides website-based storefronts and payments infrastructure. Shopify president, Harley Finklestein, announced the NFT drop on Twitter earlier today. If you’ve spent 1 minute on the internet this year, you’ve seen a lot about NFTs. @Shopify we are making it easier for our […]

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Kaseya recovers data stolen in ransomware attack with mysterious decryption tool

The IT firm denies that it paid a ransom to the Russian hacker group in exchange for the decryption tool. IT software provider, Kaseya, has announced it is providing its clients with a decryption tool to recover customer data that was locked in a ransomware attack earlier this month. In a July 26 notice on its website, the global technology firm stated it has been assisting its customers with the restoration of their encrypted data in partnership with cybersecurity company Emsisoft. It has been issuing a mysterious “decryptor” […]

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