New TRAI Regulations Aim to Curb SIM Swap Fraud
Cryptopolitan (RSS)
In a bid to combat the rising instances of SIM swap fraud across India, the Telecom Regulatory Authority of India (TRAI) has announced amendments to its regulations pertaining to SIM porting, commonly known as Mobile Number Portability (MNP). These changes are slated to take effect from July 1, 2024, with the primary objective of curbing fraudulent activities associated with SIM swaps.
Seven-day waiting period introduced
Effective July 1, users will be required to observe a mandatory waiting period of seven days following a SIM swap or replacement before they can initiate the process of porting their mobile number from one network to another. This delay is strategically implemented to mitigate the risk of fraudulent SIM swaps, thereby safeguarding users from unauthorized porting of their mobile numbers.
Regulatory response to concerns raised
The decision to introduce these regulatory amendments comes in response to...
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Cryptopolitan (RSS)
In a bid to combat the rising instances of SIM swap fraud across India, the Telecom Regulatory Authority of India (TRAI) has announced amendments to its regulations pertaining to SIM porting, commonly known as Mobile Number Portability (MNP). These changes are slated to take effect from July 1, 2024, with the primary objective of curbing fraudulent activities associated with SIM swaps.
Seven-day waiting period introduced
Effective July 1, users will be required to observe a mandatory waiting period of seven days following a SIM swap or replacement before they can initiate the process of porting their mobile number from one network to another. This delay is strategically implemented to mitigate the risk of fraudulent SIM swaps, thereby safeguarding users from unauthorized porting of their mobile numbers.
Regulatory response to concerns raised
The decision to introduce these regulatory amendments comes in response to...
View original post
Crypto market losses $400 billion – Where do we go from here?
Cryptopolitan (RSS)
Wednesday witnessed a kind of weird rebound for Bitcoin, as the entire crypto market took a breath from its recent downturn. Amidst a volatile day, Bitcoin made a surprising pivot, climbing 1.7% to settle at $65,773. This came after an initial dip to $60,793.
Cryptos gained some ground back following the closure of the Federal Reserve’s two-day meeting. Keeping rates on hold as anticipated, the Fed’s indication of multiple rate reductions this year sparked a flicker of bullishness in financial markets. Similar to tech equities, Bitcoin and its comrades often find themselves in a sweet spot with low-interest rates, which can bring in enhanced market liquidity and a sense of optimism amongst investors.
The connection between interest rates and Bitcoin’s valuation has been a topic of discu...
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Cryptopolitan (RSS)
Wednesday witnessed a kind of weird rebound for Bitcoin, as the entire crypto market took a breath from its recent downturn. Amidst a volatile day, Bitcoin made a surprising pivot, climbing 1.7% to settle at $65,773. This came after an initial dip to $60,793.
Cryptos gained some ground back following the closure of the Federal Reserve’s two-day meeting. Keeping rates on hold as anticipated, the Fed’s indication of multiple rate reductions this year sparked a flicker of bullishness in financial markets. Similar to tech equities, Bitcoin and its comrades often find themselves in a sweet spot with low-interest rates, which can bring in enhanced market liquidity and a sense of optimism amongst investors.
The connection between interest rates and Bitcoin’s valuation has been a topic of discu...
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DC Coffee Chain Partners Coinbase to Onboard Crypto Payments
CoinGape (RSS)
The use cases for mainstream cryptocurrency adoption grow as a local coffee chain in Washington has teamed up with Coinbase to integrate digital asset payments.
Compass Coffee, a United States veteran-owned coffee company with a total of 16 stores around the area will offer consumers an option to pay for their morning brew in cryptocurrency.
Users will be able to pay in Circle’s USDC stablecoin pegged with the US dollar, FOX Business reported. The move goes to show the increasing adoption of cryptocurrencies in mainstream retail services. Compass Coffee is now the first retail outlet in DC to accept payment in USDC.
According to the statement, customers who pay for their coffee at the Half Street Store in DC will get 90% slashed off their payments to introduce users to seamless digital payments....
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CoinGape (RSS)
The use cases for mainstream cryptocurrency adoption grow as a local coffee chain in Washington has teamed up with Coinbase to integrate digital asset payments.
Compass Coffee, a United States veteran-owned coffee company with a total of 16 stores around the area will offer consumers an option to pay for their morning brew in cryptocurrency.
Users will be able to pay in Circle’s USDC stablecoin pegged with the US dollar, FOX Business reported. The move goes to show the increasing adoption of cryptocurrencies in mainstream retail services. Compass Coffee is now the first retail outlet in DC to accept payment in USDC.
According to the statement, customers who pay for their coffee at the Half Street Store in DC will get 90% slashed off their payments to introduce users to seamless digital payments....
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Breaking: Elon Musk’s X Payments Receives New Licenses for Launch This Year
CoinGape (RSS)
Elon Musk’s X Payments has received three more money transmitter licenses from US states, as per sources familiar with the matter. With the latest set of licenses, X Payments has received licenses in 22 states to gain approval as the company explores offering payment features this year. Elon Musk told Ark Invest CEO Cathie Wood that he expects that payment features need to go live by mid-2024.
X Payments 3 New Licenses
X Payments LLC has been granted a money transmitter license to offer payment services in Illinois, New Mexico and Oregon states. Elon Musk’s X Payments applied for money transmitter licenses in 32 states and has received 22 licenses for offering payment servic...
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CoinGape (RSS)
Elon Musk’s X Payments has received three more money transmitter licenses from US states, as per sources familiar with the matter. With the latest set of licenses, X Payments has received licenses in 22 states to gain approval as the company explores offering payment features this year. Elon Musk told Ark Invest CEO Cathie Wood that he expects that payment features need to go live by mid-2024.
X Payments 3 New Licenses
X Payments LLC has been granted a money transmitter license to offer payment services in Illinois, New Mexico and Oregon states. Elon Musk’s X Payments applied for money transmitter licenses in 32 states and has received 22 licenses for offering payment servic...
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Floki Inu vs BOME: Which Meme Coin Should You Invest In?
CoinGape (RSS)
After a bearish push in the last few days, the crypto market was down, leading to price falls for most cryptocurrencies. Bitcoin has just made a comeback and is trading at the $67K mark, whereas the rest of the altcoins include Floki Inu, Solana, JasmyCoin, BOME, BNB, and others. Talking of the top-performing altcoins today, we have Floki Inu and BOME. Which questions, in the Floki Inu vs BOME comparison, which meme coin will win?
Both these meme coins have made an effective comeback and are ruling the meme market. So let’s discuss who wins among the Floki Inu vs BOME and what should be your preferred meme coin to invest in.
Floki Inu vs BOME: Who’s The Best Performing Meme Coin
Floki Inu price has surged 38% in just a day, pushing its value from $0.0001741 to the current price of $...
View original post
CoinGape (RSS)
After a bearish push in the last few days, the crypto market was down, leading to price falls for most cryptocurrencies. Bitcoin has just made a comeback and is trading at the $67K mark, whereas the rest of the altcoins include Floki Inu, Solana, JasmyCoin, BOME, BNB, and others. Talking of the top-performing altcoins today, we have Floki Inu and BOME. Which questions, in the Floki Inu vs BOME comparison, which meme coin will win?
Both these meme coins have made an effective comeback and are ruling the meme market. So let’s discuss who wins among the Floki Inu vs BOME and what should be your preferred meme coin to invest in.
Floki Inu vs BOME: Who’s The Best Performing Meme Coin
Floki Inu price has surged 38% in just a day, pushing its value from $0.0001741 to the current price of $...
View original post
Solana Meme Coin Slerf Offers NFT To Presale Investors After $10M Mishap
CoinGape (RSS)
In the aftermath of a devastating mishap earlier this week, Solana-based meme coin project Slerf has announced plans to extend a compensation to affected presale investors. The incident, which resulted in losses exceeding $10 million for participants in Slerf’s presale, stemmed from an unfortunate accident attributed to the project’s developer.
Solana Meme Coin Slerf To Provide NFTs
In a bid to address the concerns of impacted investors, the Slerf network took to social media platform X to outline their remedial measures. “We’re planning to drop Soul-bound NFTs to the wallet addresses of affected presalers as well as refund contributors,” they stated.
The post added, “This will allow for other projects to airdrop them tokens or NFTs easily as well as have a nice piece of memorabilia for their...
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CoinGape (RSS)
In the aftermath of a devastating mishap earlier this week, Solana-based meme coin project Slerf has announced plans to extend a compensation to affected presale investors. The incident, which resulted in losses exceeding $10 million for participants in Slerf’s presale, stemmed from an unfortunate accident attributed to the project’s developer.
Solana Meme Coin Slerf To Provide NFTs
In a bid to address the concerns of impacted investors, the Slerf network took to social media platform X to outline their remedial measures. “We’re planning to drop Soul-bound NFTs to the wallet addresses of affected presalers as well as refund contributors,” they stated.
The post added, “This will allow for other projects to airdrop them tokens or NFTs easily as well as have a nice piece of memorabilia for their...
View original post
FLOKI Price Soars 40% Amid World Table Tennis Championship Partnership Announcement
CoinGape (RSS)
The cryptocurrency market witnessed a remarkable surge today, notably with the FLOKI price soaring by over 40%. Notably, this surge coincides with a significant announcement from Floki and TokenFi, unveiling their partnership as the official cryptocurrency partner for the upcoming World Table Tennis Championship in Incheon, South Korea. Besides, TokenFi (TOKEN) also rallied following the announcement.
Floki & TokenFi Price Soars Amid Crucial Partnership Announcement
The Floki and TokenFi were among the top percentage gainers in the crypto market today, gaining notable attention from investors. The former rallied nearly 40% during writing, while the latter noted a surge of around 50% at the same time.
Meanwhile, Floki, alongside TokenFi, has secured a pivotal role as the official cryptocurrenc...
View original post
CoinGape (RSS)
The cryptocurrency market witnessed a remarkable surge today, notably with the FLOKI price soaring by over 40%. Notably, this surge coincides with a significant announcement from Floki and TokenFi, unveiling their partnership as the official cryptocurrency partner for the upcoming World Table Tennis Championship in Incheon, South Korea. Besides, TokenFi (TOKEN) also rallied following the announcement.
Floki & TokenFi Price Soars Amid Crucial Partnership Announcement
The Floki and TokenFi were among the top percentage gainers in the crypto market today, gaining notable attention from investors. The former rallied nearly 40% during writing, while the latter noted a surge of around 50% at the same time.
Meanwhile, Floki, alongside TokenFi, has secured a pivotal role as the official cryptocurrenc...
View original post
Grayscale CEO Defends Ethereum Against Potential SEC Security Label
CoinGape (RSS)
Grayscale CEO, Michael Sonnenshein, has stepped forward to defend Ethereum’s classification as a commodity in light of potential scrutiny from the Securities and Exchange Commission (SEC). Sonnenshein’s stance comes amidst ongoing debate within the cryptocurrency community regarding the regulatory status of Ethereum.
Sonnenshein’s defense is rooted in the precedent set by former SEC Director Bill Hinman, who previously stated that Ethereum does not qualify as a security. By referencing Hinman’s remarks, Sonnenshein highlights the historical context surrounding Ethereum’s regulatory journey and reaffirms its classification as a commodity.
Moreover, Sonnenshein seeks to reframe the discourse surrounding digital asset offerings, particularly Ethereum. He ai...
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CoinGape (RSS)
Grayscale CEO, Michael Sonnenshein, has stepped forward to defend Ethereum’s classification as a commodity in light of potential scrutiny from the Securities and Exchange Commission (SEC). Sonnenshein’s stance comes amidst ongoing debate within the cryptocurrency community regarding the regulatory status of Ethereum.
Sonnenshein’s defense is rooted in the precedent set by former SEC Director Bill Hinman, who previously stated that Ethereum does not qualify as a security. By referencing Hinman’s remarks, Sonnenshein highlights the historical context surrounding Ethereum’s regulatory journey and reaffirms its classification as a commodity.
Moreover, Sonnenshein seeks to reframe the discourse surrounding digital asset offerings, particularly Ethereum. He ai...
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4 Crypto Gems To Buy To Flip $500 To $50,000 As Bitcoin Recovers
CoinGape (RSS)
The bullish trend in the cryptocurrency market is making headlines again, with Bitcoin leading the charge past the $66,000 mark. This surge has sparked interest in notable crypto gems to buy, including Shiba Inu Coin (SHIB), Sui (SUI), Injective (INJ), and Terra Luna Classic (LUNC). These assets are now viewed as potential cryptos for substantial returns, riding the wave of Bitcoin’s recovery.
1. Shiba Inu Coin (SHIB)
Shiba Inu Coin (SHIB), originally inspired by internet memes, has made significant strides in the decentralized finance arena, supported by a vast, global community. This meme-origin digital currency has seen rapid increases in both its popularity and market value.
After experiencing fluctuations, SHIB has entered a phase of growth. Interest from investors has surged, as evidenced by a 28% rise over the last month and an impressive 262...
View original post
CoinGape (RSS)
The bullish trend in the cryptocurrency market is making headlines again, with Bitcoin leading the charge past the $66,000 mark. This surge has sparked interest in notable crypto gems to buy, including Shiba Inu Coin (SHIB), Sui (SUI), Injective (INJ), and Terra Luna Classic (LUNC). These assets are now viewed as potential cryptos for substantial returns, riding the wave of Bitcoin’s recovery.
1. Shiba Inu Coin (SHIB)
Shiba Inu Coin (SHIB), originally inspired by internet memes, has made significant strides in the decentralized finance arena, supported by a vast, global community. This meme-origin digital currency has seen rapid increases in both its popularity and market value.
After experiencing fluctuations, SHIB has entered a phase of growth. Interest from investors has surged, as evidenced by a 28% rise over the last month and an impressive 262...
View original post
Why boomers ‘like’ AI pics on Facebook, mind-reading AI breakthrough: AI Eye
Cointelegraph.com News (RSS)
AI can read your mind after a 1-hour scan, Facebook has been overrun with fake AI posts for boomers, NVIDIA robots, and Rejuve.ai: AI Eye.
Cointelegraph.com News (RSS)
AI can read your mind after a 1-hour scan, Facebook has been overrun with fake AI posts for boomers, NVIDIA robots, and Rejuve.ai: AI Eye.
Hacker moves $10M from 2023 phishing incident to Tornado Cash
Cointelegraph.com News (RSS)
The funds were taken from a crypto whale in 2023 when the holder signed transactions that allowed the attacker to access the funds.
Cointelegraph.com News (RSS)
The funds were taken from a crypto whale in 2023 when the holder signed transactions that allowed the attacker to access the funds.