Author: Donald Munn
The IRA Financial Trust has admitted a hack suffered by some of its clients that would have led to a total theft of $36 million in cryptocurrencies. Gemini blameless That’s reported by Bloomberg, which cites a statement from the company in which it reveals that it discovered suspicious activity that affected a limited group of their clients with accounts on the Gemini cryptocurrency exchange. IRA Financial Trust offers self-directed retirement accounts and allows its customers to purchase cryptocurrencies precisely because of a partnership with Gemini. However, the dynamics of the theft are unclear, as Gemini denies having been hacked. In…
Yesterday, news broke that Russia’s new cryptocurrency regulation would ban their use as means of payment. The indiscretion This new regulation is expected as early as this week, so the news has generated some apprehension. However, it should be pointed out that the source of this news is not official at all and that it did not really say that Russia will ban the use of cryptocurrencies as a means of payment. At this moment in time, it actually does not seem that there is still a final text of the new law, but only a draft still being developed.…
In Spain, two days ago, in consultation with the Spanish Parliament, the Ministry of Finance initiated the amendment of the “ley contra la fraude fiscal,” in the part that refers to the declaration of assets abroad in the 720 and 721 models. Last July, the government imposed the declaration in the said model to those who held bitcoin and other cryptocurrencies abroad. Last month, a ruling by the European Court of Justice had declared the harsh penalties imposed by the rule, in case of non-compliance, as illegitimate, requiring the Iberian parliament to change them. The declaration of cryptocurrencies in Spain…
Cryptocurrency-themed “romantic scams” have sharply increased in 2021. Reporting this is an analysis by the FTC. Romance scams with cryptocurrencies In romantic cryptocurrency scams, the scammer presents himself as a successful investor and convinces the victim to entrust him with his savings. The investment is usually directed towards some forex, but the consequence is always the same: the money is lost. In romantic scams, cryptocurrencies are the most profitable method. That’s the ranking of the money lost: as much as $139 million was lost with cryptocurrencies; $121 million was paid out through payments; $93 million was given to scammers by…
NFT Expoverse is an educational 3-day event showcasing the inevitable mass-scale adoption of blockchain technology and how it will affect our world. For businesses and individuals Whether you’re a business or an individual, you’ll learn about the next major advancement in our society and how you can apply it to your everyday life – today. Entrepreneurs, artists, collectors, gamers, & digital enthusiasts won’t miss this. NFT Expoverse features No matter your level of expertise, NFT Expoverse has something for you: Exclusive NFT drops – by game developers, artists, auction houses, fashion brands, musicians, sports teams, and digital metaverses bringing all…
SPONSORED POST* As the crypto rollercoaster ride continues in 2022, the community is looking for a hedge against falling prices as well as a promising investment opportunity for the year ahead. RBIS is the native token behind ArbiSmart, which is a rapidly expanding EU licensed crypto ecosystem and with a number of exciting new developments in the pipeline, it is on track to soar in the coming weeks and months and become the next breakout star on the crypto stage. Current events The ArbiSmart project offers automated crypto arbitrage, an investment strategy that involves exploiting temporary price differences across exchanges. …
A few days ago cryptodailynews24.com interviewed Nathix, one of Canada’s favorite gamers, on the Nemesis metaverse. As a gamer, Nathix has a big international community, getting to connect with people of all walks of life, and building a true community with his content and personal approach. Nathix isn’t just a gamer but also a big advocate for innovation, especially when implementing metaverse platforms and NFTs in the entertainment world and beyond. This is why we decided to interview him on The Nemesis. The platform combines elements of gamification and virtual reality. It’s a “holistic” concept that serves as a common…
Cardano NFTs (or CNFTs) have been gaining a lot of traction over the past year, even reaching prominent institutions like the University of Oxford. We invited Eva from GINGR pool, who previously was on the Cardano SPO Column, to talk about a thesis for her Art History Master that she’s doing in the UK. Cardano NFTs at University of Oxford SPO [GINGR] is researching CNFTs at Uni of Oxford Hi Eva, welcome back to cryptodailynews24.com. Let’s first talk about Project Catalyst, what is it and how can it help your research? Hi Patryk and thank you for having me again,…
This week’s guest on the Cardano SPO Column is a stake pool that is a SundaeSwap Scooper and donates 100% of pool’s profits (48% of pool’s total revenue) to saving the lives of children: GROW TEAM [GROW]. Last week’s guest was a stake pool with the mission to lead Chinese-speaking investors towards Cardano. This initiative is a point of reference for everything Cardano and every week or two we will invite a Stake Pool Operator (SPO) to answer some questions and give us an update directly from within the Cardano community. Considering that many of our readers are new to…
Many newspapers have predicted that 2022 will be the year of regulation of cryptocurrencies and crypto assets in general. Classic publications such as Sole24ore, Il Fatto Quotidiano, but also blogs and online publications among the most followed in the cryptocurrency sector, have taken up and relaunched this prediction. Reactions to the crypto market crash The topic is addressed precisely when we witness a thud of the entire cryptocurrency market. An event, this last one, that, naturally, has offered arguments to the many detractors of the crypto world, to those who indiscriminately paint cryptocurrency-based businesses as frauds and to those who…