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Thailand Uncovers Massive Crypto Scam, 5 Suspects Arrested
The Global Banker Republished with full copyright permissions obtained from Market Capital Research. In a recent development from Thailand, authorities have exposed a sophisticated crypto scam that targeted local investors, resulting in over $27 million in damages. The scheme, orchestrated by five foreign nationals, has left more than 3,200 Thai locals bereft of their investments.…
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Ethereum’s Transaction Fees Hit Lowest Levels Since 2022, Signaling Shifting Dynamics
The Global Banker Republished with full copyright permissions obtained from Market Capital Research. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has witnessed a significant milestone as its transaction fees have dropped to their lowest levels since 2022. This decline in gas fees can be attributed to reduced on-chain activity related to Non-Fungible tokens (NFT)…
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Exploring Flatcoins: A Novel Approach to Stable Digital Currency
The Global Banker Republished with full copyright permissions obtained from Market Capital Research. Coinbase CEO Brian Armstrong recently sparked excitement in the cryptocurrency community by expressing his keen interest in a groundbreaking concept known as “flatcoins.” In a recent interview, Armstrong shed light on how flatcoins could offer a unique solution to the challenge of…
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MicroStrategy to Benefit from New Financial Reporting Standards for Bitcoin Holdings
The Global Banker Republished with full copyright permissions obtained from Market Capital Research. MicroStrategy, a prominent software developer and investor, is poised to enhance its reporting of Bitcoin (BTC) holdings thanks to the recent decision by the Financial Accounting Standards Board (FASB). This crucial reform allows companies such as MicroStrategy to declare the fair value…
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G20 Takes a Unified Approach Towards Comprehensive Crypto Regulations
The Global Banker Republished with full copyright permissions obtained from Market Capital Research. The ever-evolving cryptocurrency landscape has prompted governments around the world to adapt their regulatory strategies. In a significant move, the G20, a group of 20 developed economies, has come together to develop a comprehensive crypto rulebook aimed at addressing this pressing issue.…
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North Korean Hackers Strike Again: $41 Million Crypto Heist Highlights the Persistent Cybersecurity Threat
The Global Banker Republished with full copyright permissions obtained from Market Capital Research. In a recent high-profile cyberattack, a well-known North Korean hacker group has managed to steal approximately $41 million worth of cryptocurrencies from an online casino and betting platform. This audacious theft further emphasizes the group’s expertise in cybercrime. With federal authorities closely…
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