This Report will provide you some important and quick news of cryptocurrencies that happened around the world.
1. The SEC Extended The Deadlines For Four Bitcoin ETFs By 45 Days
The SEC extended the decision deadline for four Bitcoin ETFs, including Global X Bitcoin Trust, on Friday. The Securities and Exchange Commission of the United States extended the deadline for four Bitcoin exchange-traded funds (ETFs) by 45 days on Friday, citing the need for additional time to consider whether to approve the 19b-4 applications…[continue reading]
2. Multi-Factor Authentification On COINBASE Hacked
To steal bitcoins from 6,000 consumers, hackers exploited a flaw in the bitcoin exchange’s SMS recovery system. Coinbase, a major bitcoin and cryptocurrency exchange based in the United States, said today that a hacker was able to circumvent the company’s SMS multi-factor authentication process and steal assets from 6,000 users, according to Bleeping computer…[continue reading]
3. Bitbay Crypto Exchange Passes Audit
Bitbay, Europe’s premier cryptocurrency trading platform, has been fully licensed and regulated as a result of Estonia’s rigorous rules enacted last fall. The company’s accounting practices having been thoroughly inspected by an independent third party, including anti-money laundering (AML) and know-your-customer(KYC) protocols…[continue reading]
4. Singapore Establishing Crypto Hub In Asia
Singapore is establishing itself as Asia’s cryptocurrency capital, using its position as a global financial hub. “The technologies underpinning cryptocurrency products and digital tokens have the potential to fuel a new generation of financial services,” said Loo Siew Yee, assistant managing director of the Monetary Authority of Singapore’s (MAS) policy payments and financial crime group…[continue reading]
5. Iran’s Billion-Dollar Bitcoin Mining Business Resumes
Iran’s government will allow licensed cryptocurrency miners to begin operations Monday, three months after former President Hassan Rouhani announced a three-month moratorium on May 26th, 2021. The initial restriction was imposed in response to concerns about the country’s fragile electrical grid. Summer saw major power disruption in the Middle Eastern country, which former President Rouhani attributed to excessive heat. On some days, the temperature soared above 120 degrees Fahrenheit or about 49 degrees Celsius…[continue reading]
6. Bitcoin ATMs In The US Continue To Use Default Admin QR Codes
Kraken has recommended owners and operators of BATMTwo ATMs update their ATMs’ admin QR codes to avert any assaults. According to Kraken Security Labs, a “significant proportion” of Bitcoin ATMs are vulnerable to hacking since their administrators have never altered the default administrator QR code…[continue reading]
7. Elon Musk Considers Cryptocurrency Threat To China’s Communist Partys
Elon Musk is adamant that governments will be incapable of eradicating cryptocurrency. Elon Musk, CEO of Tesla, commented on China’s most severe cryptocurrency prohibition to date during the Code Conference on Sept. 28. Musk believes that the Chinese government does not support cryptocurrency in view of recent occurrences…[continue reading]
8. Canadian Authorities Issue Warnings Regarding Crypto
The Canadian Securities Administrators (CSA) and the Investment Industry Organization of Canada have both identified predatory marketing campaigns by crypto trading platforms in Canada (IIROC). By utilizing “gambling-style promotions” that encourage hazardous trading crypto trading platforms may have violated existing securities laws and generated public investor anxiety…[continue reading]
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