The Basel Committee on Banking Supervision has recently announced the release of its final disclosure framework for banks’ crypto exposures and has implemented targeted changes to its cryptoasset standards. These amendments aim to strengthen the criteria for stablecoins to receive a preferential regulatory treatment. Both sets of standards are scheduled to take effect on January
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The recent revelation of the German government selling off all its Bitcoin holdings in just two weeks has raised eyebrows in the crypto world. The Saxony Central Office for the Protection and Realization of Virtual Currencies disclosed the reason behind this substantial Bitcoin dump, citing the need to secure funds for criminal proceedings related to
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Recently, cybersecurity firm Cyvers Alert revealed a major security breach at the Indian cryptocurrency exchange, WazirX. According to Cyvers, the exchange was exploited for approximately $235 million through suspicious transactions involving WazirX’s Safe Multisig wallet on the ETH network. The firm detected that a total of $234.9 million was transferred to a new address, with
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In a recent YouTube video, Joe Burnett, Senior Product Marketing Manager at Unchained Capital, presented a compelling argument for Bitcoin potentially reaching a valuation of $750,000. According to Burnett, the current market may be significantly underestimating Bitcoin’s potential in this cycle, failing to consider its broader significance within the global financial landscape. He emphasizes the
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