Author: Cointelegraph By Arijit Sarkar

Bitcoin Investing Made Simple!

DFX Labs clears Hong Kong’s AML requirement for crypto license

While not yet permitted to trade, DFX Labs is deemed licensed for virtual asset services by the Securities and Futures Commission of Hong Kong. Source link

Hong Kong shows off crypto, Web3 prowess in Toronto

Canadian crypto and Web3 startups could benefit from “lower taxes” and regulations that cater to “pre-commercial specialist technology companies,” said a Toronto ETO official. Source link

North Korean cyberattacks on Brazilian fintech firms exposed

Google Cloud’s report exposes North Korean cybercriminals targeting Brazil’s cryptocurrency and fintech sectors with sophisticated malware and phishing schemes. Source link

Bitfarms pushes back against Riot’s $950M takeover attempt

Riot’s $950 million buyout offer is met with resistance as Bitfarms’ stakeholders and special committee deem it undervalued and not in shareholders’ best interests. Source link

Bitcoin Runes outperforms BRC-20 in onchain activity

Since April 2024, Runes have led Bitcoin network activity, outpacing both Ordinals and BRC-20 in transaction share. Source link

EU Innovation Hub criticizes privacy coins and crypto mixers in new report

In its inaugural report on encryption, the EU Innovation Hub for Internal Security examined how privacy coins and mixing protocols are complicating regulatory efforts. Source link

Singapore alerts businesses to Bitcoin ransomware risk

Singapore police advised businesses against paying ransom to the bad actors in case of a compromise and asked them to report the incident to authorities immediately. Source link

Bitcoin SV’s Twetch considers open-sourcing after shutdown

Web3 social media platform Twetch, a competitor of X running on the Bitcoin SV blockchain, shut down operations on June 6. Source link

Private firms to join global central bank CBDC project

As Project mBridge enters its MVP phase, the BIS is inviting private sector firms to propose new solutions and use cases to further develop and showcase the platform’s potential. Source link

Bitcoin halving impacts miner Riot’s revenue by 43% despite new facility

To keep up with the declining Bitcoin rewards, Riot Platforms opened a new mining facility near Corsicana, Texas. Source link