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Cato Institute Warns of Eroding Financial Privacy Rights Amid Fincen’s New Reporting Rules

Coins Legend March 18, 2025 0

The Cato Institute has criticized the Financial Crimes Enforcement Network (FinCEN)’s decision to lower the threshold for currency transaction reports from $10,000 to $200 for US citizens living in 30 ZIP codes in California and Texas. New Level of Financial Surveillance The Cato Institute, a

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Wages Paid in Bitcoin? Bill Introduced in Brazil Might Make It Possible

Coins Legend March 18, 2025 0

The bill seeks to allow wages and other labor-linked payments to be partially settled using virtual assets in Brazil and also calls for educating workers about volatility and transaction security issues. Lawmakers to Review Bitcoin Wages Bill in Brazil A new bill has been introduced in Congress to regulate the payment of wages and other […]

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South African Parliament’s Social Media Accounts Hacked to Promote Fake Crypto

Coins Legend March 18, 2025 0

Hackers recently breached the South African Parliament’s social media accounts, including X, Facebook, and Youtube, to promote a fake cryptocurrency named after President Cyril Ramaphosa. Fake Token Created 24 Hours Before Breach On March 15, the hacked social media accounts of the South African parliament promoted a fake Solana-based cryptocurrency bearing the surname of

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Bank of Korea Rejects Bitcoin for Reserves, Citing High Volatility and Liquidity Concerns

Coins Legend March 18, 2025 0

South Korea’s central bank has ruled out adding bitcoin to its foreign exchange reserves, citing extreme price volatility and failure to meet liquidity and investment-grade standards. This stance follows U.S. President Donald Trump’s March 6 executive order promoting bitcoin stockpiling. The Bank of Korea, responding to a query from Rep. Cha Gyu-geun, emphasized that

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Latam Insights Encore: Bolivia’s Crypto Power Deal Opens a New Era for Commodity Markets

Coins Legend March 18, 2025 0

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition examines how the recently disclosed use of crypto for power imports in Bolivia opens a new era for the validity of these settlements in international commodity markets. Latam Insights Encore: Bolivia Taps […]

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What Is Chainlink? Exploring the Oracle Network and Its LINK Token

Coins Legend March 18, 2025 0

Chainlink is a decentralized oracle network that connects blockchain smart contracts with real-world data, enabling applications in decentralized finance (DeFi), gaming, and enterprise solutions through its native token, LINK. Understanding Chainlink: How Its Oracle Network and LINK Token Work Blockchain technology revolutionized digital agreements through smart

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ECB Official Warns: US Crypto Policies Could Ignite Global Crisis

Coins Legend March 18, 2025 0

The U.S. is “sowing the seeds of future upheavals,” an ECB official warns, claiming its crypto policies could ignite the next global financial crisis and destabilize markets worldwide. ECB Official Blasts US Crypto Strategy European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau has warned that the United States’ approach to cryptocurrencies and

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8,000 BTC Still Buried as Appeal Denied—Bitcoin Recovery Fight Heads to Europe

Coins Legend March 18, 2025 0

A British man’s desperate fight to recover about 8,000 lost bitcoin—worth hundreds of millions—has been blocked again, pushing him to take his battle to Europe. Appeal Denied: 8,000 BTC Trapped as Man’s Battle Moves to Europe A British man who accidentally discarded a hard drive containing bitcoin worth hundreds of millions of dollars has faced […]

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Wazirx Preps for Relaunch With Zodia Custody, Backed by Banking Powerhouses

Coins Legend March 18, 2025 0

Wazirx is gearing up for a high-stakes relaunch after a major security breach, partnering with Zodia Custody to reinforce asset security and rebuild user trust. Wazirx Is Gearing Up for High-Stakes Relaunch—Will New Security Hold Up? Indian crypto exchange Wazirx is preparing to restart operations after a major security breach that compromised its platform and […]

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Poll: Low Support for Federal Crypto Spending; White House Fact Sheet Contradicts Survey

Coins Legend March 18, 2025 0

A recent survey by Data for Progress found that only about 10% of US voters want the Trump administration to increase federal funding for cryptocurrency and blockchain development. However, a White House fact sheet clarifies that the strategic reserve will be funded exclusively with bitcoin seized through criminal or civil asset forfeiture, requiring no taxpayer […]