Author: CRYPTO WORLD

A recent report unveiled the bitcoin holdings of the Federal Government of the United States, accounting for around $5 billion worth of BTC. According to the Wall Street Journal, three recent seizures yielding over 200,000 bitcoins have made the United States one of the largest bitcoin holders in the world. Prominent Chinese reporter Colin Wu took to X (formerly Twitter) earlier today to reveal the United States’ acquisition of the largest cryptocurrency by market cap. The seized bitcoins were primarily traced to cyber criminals and darknet markets. They were stored…

On October 14, the leading Ethereum wallet, MetaMask, was temporarily removed from the Apple App Store, raising fears of a permanent ban. MetaMask, which has over 30 million users worldwide, informed the community that the problem was not caused by security concerns or malicious activity. Apple’s service regulations, which ban “unrelated background processes” such as cryptocurrency mining, are thought to be the cause of the brief removal. The company indicated that MetaMask would be available again via the App Store soon. This isn’t MetaMask’s first encounter with tech giants. In…

Bank of China, one of China’s largest state-owned banks, is testing a new offline payment method linked to SIM cards for digital yuan, or the e-CNY, the country’s in trial central bank digital currency (CBDC). Bank of China has partnered with telecommunication operators China Telecom and China Unicom to start testing the new feature on Tuesday, the bank said Monday in a social media post. The bank intends to allow users to make payments with their phones by connecting its e-CNY app with what it calls “super SIM cards” that…

The source code for the Brazilian CBDC in testing was analyzed by blockchain dev Pedro Magalhães. Brazil has been developing a CBDC for some time now. If all goes according to plan, the digital Real will be launched sometime in 2024. Once launched, it would support retail payments for anyone inclined to use it, backing up the payment with funds in the users’ bank accounts. Planning Ahead The Brazilian CBDC would not, however, interfere with other payment methods common in Brazil, such as Pix. According to a spokesman for the…

Cryptocurrency exchange Binance has reportedly withdrawn its application in Austria and is now focusing on achieving MiCA compliance. Binance is fighting battles on multiple fronts in 2023, as it tries to fend off the US Securities and Exchange Commission while pulling out from several markets in Europe. Specifically, the cryptocurrency exchange has left the Netherlands after it failed to secure a licence from the Dutch central bank, and it also faced an investigation in France concerning its anti-money laundering procedures. Now, reports from Finance Forward have surfaced that Binance is…

Our cherished digital assets may not be as innocent as you think!” This line could easily be mistaken for sensationalist tabloid fodder, but unfortunately for crypto enthusiasts around the globe, it has become a startling reality. In a move that has left the world of digital currencies in a state of shock and uncertainty, the US Securities and Exchange Commission (SEC) has officially classified more than 50 popular cryptocurrency tokens – including the likes of Cardano ($ADA), Terra ($LUNA), and Tron ($TRX) – as securities. Let’s take a look at…