Digital Currencies

Brazil announces tougher penalties for crypto money launderers.

Money launderers in Brazil who turn to digital currencies will face longer prison sentences and higher fines if a proposed bill gets through parliament. The proposed bill doubles the monetary penalty and prescribes over 16 years in maximum jail time for convicted offenders. Money laundering through cryptocurrencies has become a concern for many governments across countries in recent times, with some like China arresting over 1,000 this year for it. Brazil lawmakers proposed an amendment to financial laws to stop money laundering through crypto.  In Brazil, the Chamber of Deputies—the

Bitcoin Regains $50,000 Price Level for the First Time in 13 Weeks

Bitcoin bulls are back with a significant price rally. BTC’s retail and institutional demand are on the rise again as the world’s largest cryptocurrency crossed the price level of $50,000 for the first time since May 2021.The latest data published by Coinmarketcap shows that the total market cap of Bitcoin now stands at around $950 billion, compared to $550 billion in May 2021. BTC’s current crypto market dominance stands at around 43.8%.Apart from Bitcoin, several other cryptocurrency assets also saw substantial gains in the last 24 hours. The most prominent

Liquid Exchange Hacked, Loses Nearly $100 Million

A crypto exchange known as Liquid – which is based in Japan – has been hacked, leaving it short of nearly $100 million in digital funds. Liquid Has Lost a Lot of Money The hackers involved in the incident have allegedly taken as much as $97 million in digital currency at the time of writing. Several assets – including bitcoin, Ethereum and Litecoin – have been stolen. Liquid has reported that the hacker is allegedly transferring this money to as many as four separate wallets. The company posted a statement

“Cashless” Rich Turrin, DigFin VOX, Ep 12

Richard Turrin is a consultant and author based in Shanghai. He began his career on investment banking trading floors. From 2013 to 2016 he worked at IBM’s artificial unit, Watson, where he was in charge of its Asia-Pacific fintech operations. His latest book is “Cashless: China’s Digital Currency Revolution”. He joins DigFin’s Jame DiBiasio to talk about the key themes of the book, including the nature and design of central-bank digital currencies (CBDCs), their uses, and their development in the context of China’s fintech story. Perhaps most pointedly, Turrin identifies

ECB President Christine Lagarde Says Digital Euro Could Complement Cash

European Central Bank (ECB) President Christine Lagarde has suggested that the Eurozone could benefit from adopting the ‘digital euro’ as the EU’s post-pandemic recovery kicks into gear. The ex-IMF President made the comments while addressing the Franco-German Parliamentary Assembly in Frankfurt on Sept 21. According to Lagarde, the Digital Euro should not be viewed as a replacement, but rather a complement to cash. In a nod to cryptocurrency, she also stated that adopting a digital euro could serve as an alternative to private digital currencies. Lagarde’s Remarks on Digital Euro

How to buy Linear Token (LINA) in Uniswap (Pre-Stake Program)

Linear Finance (LINA) is a decentralized delta-one asset protocol where users are given the ability to create, manage, and trade synthetic assets. Their synthetic assets, or Liquids, are much like a basket of assets, representing underlying assets without the need for the user to directly hold them. This innovation gives investors exposure to numerous kinds of markets at a much safer and more diversified strategy. Powering the platform is the Linear token (LINA), its native token that can be used for payment, staking, governance, liquidity mining, as well as investing.

FTX Exchange: a Guide to FTT

A lot of people enter the cryptocurrency space looking for ways to expand the ability of their idle assets to generate further profit. This exact same motivation has moved people to entertain the option of participating in derivatives exchanges today. FTX is one of these projects providing that service. Right now, FTX shows a promising future with the backing of a lot of crypto and trading personalities and consistently high daily trading volume. FTX is a novel addition to the derivatives exchanges space and is still unavailable to traders in

Former Georgian PM: Blockchain is the steam engine of Industry 4.0

Located at the intersection between Europe and Asia, Georgia is a small country with a big mission to drive blockchain adoption and education. In February 2017, the government of Georgia made a bold move by signing an agreement to use the Bitcoin blockchain to record land titles, making it the first national government to use blockchain for authenticating state operations.Georgia’s innovation didn’t stop there, rather continuing to grow as the country became a powerhouse for mining crypto. Then, in June 2019, the government of Georgia signed a memorandum of understanding