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UK sanctions $20B scam market by cutting ‘legitimate’ crypto ties

The UK government has imposed sanctions on a $20 billion cryptocurrency scam market by severing ties with what it deems "legitimate" crypto businesses. This move aims to combat the growing prevalence of fraudulent activities within the crypto sector. The sanctions target entities that facilitate or support scams, reinforcing the UK's commitment to protecting consumers and maintaining financial integrity. Authorities believe that cutting these connections will help deter future scams and enhance regulatory oversight in the cryptocurrency space.

Read the full article: Coin Telegraph

Estonia's FSA issues investor warning about Zondacrypto

Estonia's Financial Supervision Authority (FSA) has issued a warning to investors regarding Zondacrypto, a cryptocurrency platform. The FSA highlighted that Zondacrypto operates without the necessary licenses and is not authorized to provide financial services in Estonia. The authority cautioned that investments in unregulated platforms pose significant risks to

Crypto exchanges pushed US lawmakers to bar provision on risky tokens: Report

Crypto exchanges have urged U.S. lawmakers to exclude a provision from a proposed bill that would regulate risky tokens. The exchanges argue that the provision could stifle innovation and limit access to emerging cryptocurrencies. They emphasize the importance of a balanced regulatory approach that protects investors without hindering the

Bitcoin stalls as BTC ETF outflows hit $268M: Will new Fed chair restore the rally?

Bitcoin's price has stagnated as recent data reveals that Bitcoin exchange-traded funds (ETFs) experienced outflows totaling $268 million. This decline in investment comes amid speculation about the potential impact of a new Federal Reserve chair on market sentiment. Analysts are questioning whether the appointment could reignite bullish momentum

Coinbase rebounds as altcoins surge with bitcoin holding above $80,000

Coinbase has experienced a rebound as altcoins see significant gains, coinciding with Bitcoin maintaining a price above $80,000. The surge in altcoin values has contributed to increased trading activity on the Coinbase platform. Analysts suggest that the strong performance of Bitcoin has positively influenced investor sentiment across the cryptocurrency

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Estonia's FSA issues investor warning about Zondacrypto

Crypto exchanges pushed US lawmakers to bar provision on risky tokens: Report

Bitcoin stalls as BTC ETF outflows hit $268M: Will new Fed chair restore the rally?

Coinbase rebounds as altcoins surge with bitcoin holding above $80,000