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In brief Scammers are weaponizing Australia’s official cybercrime reporting system to impersonate federal police and steal cryptocurrency from victims. The scheme involves filing fraudulent ReportCyber reports using stolen personal information, then calling victims while posing as AFP officers. The warning comes amid rising regulatory action against crypto-related fraud in the country. Fraudsters are weaponizing Australia’s national cybercrime reporting system to impersonate federal police and drain crypto wallets, authorities warned Wednesday.False reports are being filed through ReportCyber, the government’s official platform for reporting cybercrimes, using stolen personal information, then calling victims while masquerading as AFP officers to steal digital assets, according…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitwise’s proposed Chainlink exchange-traded fund (ETF) has moved a step closer to launch after being added to the Depository Trust & Clearing Corporation (DTCC) registry under the ticker CLNK. The listing, marked as both active and pre-launch, indicates that preparations are underway for its debut once the U.S. Securities and Exchange Commission (SEC) grants final approval. LINK’s price trends to the downside on the daily chart. Source: LINKUSD on Tradingview DTCC Listing Sparks Optimism for Chainlink ETF Approval While DTCC listings do not guarantee regulatory clearance, they…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The United Arab Emirates has taken a clear step into live testing of a central bank digital currency. A UAE government transfer using a digital dirham took place this week, and officials say the payment settled in less than two minutes. This marks the first recorded transaction in the nation’s pilot program. UAE Gov’t Transaction Marks Test According to government and industry reports, the transfer was carried out by the Central Bank of the UAE alongside the Ministry of Finance and the Dubai Department of Finance. The…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin (BTC) has long sparked debates over what it truly represents, with some arguing that it’s digital gold, a store of value, or a revolutionary form of money. Recently, Adam Back, the co-founder and CEO of Blockstream, weighed in with a bold statement, claiming that BTC embodies the essence of permissionless bearer money. Bitcoin As Permissionless Bearer Money Back’s description of Bitcoin as permissionless bearer money positions it as the modern realization of the cypherpunk’s vision for bearer eCash. Essentially, this concept means that BTC, unlike traditional…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure McDonald’s has officially brought back the McRib to US stores, and that has unexpectedly reignited a discussion in crypto circles about Bitcoin’s next possible move. The sandwich, which returned on Nov. 11, has been oddly linked by some traders to past Bitcoin rallies. Bitcoin traded around $104,400 after hitting $106,000 earlier in the day, still struggling to break past $110,000. McRib Returns And Bitcoin Buzz The buzz started after the popular Bitcoin Archive account posted on X, saying every McRib comeback has coincided with major Bitcoin price…
CleanSpark just sold $1.15 billion of zero-coupon convertible notes to buy more power and machines in the most brutal mining environment yet.The deal is a 144A private placement due in 2032, with an initial conversion price of around $19.16, roughly a 27.5% premium to the $15.03 stock price at the time of announcement.Approximately $460 million is allocated directly to repurchasing CleanSpark shares from the note buyers, with the remainder used to expand power and land portfolios, build data center infrastructure, including AI and high-performance computing capacity, repay Bitcoin-backed credit lines, and cover general corporate expenses.That single transaction is a cheat…
In brief Brazil’s central bank has said that any purchase, sale or exchange of virtual assets pegged to fiat currency will be considered a foreign exchange operation. President Luiz Inácio Lula da Silva sent a bill to congress allowing for the seizure of virtual assets and other property. Brazil’s central bank President Gabriel Galipolo raised concerns earlier this year about stablecoin use. Digital asset hotspot Brazil is trying to crack down on criminal use of crypto through separate legislative and regulatory proposals issued by the government and central bank this month. A rule proposed by the country’s central bank on Monday…