Cyprus Tightens Crypto Regulations with Hefty Penalties for Non-Compliance

Cyprus is tightening its cryptocurrency regulations by introducing hefty penalties for non-compliance. The government aims to align with international AML/CFT standards and has submitted a legislative amendment for review. All crypto service providers must register with CySEC, facing fines or imprisonment for non-compliance. (Read More) ​ 

GDAC Exchange Heist Perpetrator Begins Moving Stolen Funds

The hacker who stole $13 million from GDAC exchange in April has started transferring the stolen funds. Initially, around 60.8 BTC was moved to a specific address, which then transferred 36.7 BTC to three other addresses. Currently, the balance in the initial address stands at 24 BTC. MistTrack continues to monitor the situation, shedding light […]

Circle Launches Native USDC on Polygon

Circle has natively integrated USDC on the Polygon PoS network, enabling direct access for users and developers. This move phases out the need for bridged USDC.e, providing a more stable and straightforward means for transactions on the network. The development is anticipated to foster numerous use cases, enhancing the overall ecosystem. (Read More) ​ 

Fidelity Reiterates Bitcoin’s Unique Value as a Primary Investment Choice

Fidelity Digital Assets revisits Bitcoin’s unmatched value proposition in a recent study, emphasizing its secure, decentralized nature. Shared by MicroStrategy’s Michael Saylor, the study advocates for Bitcoin’s primary consideration by investors venturing into the digital asset sphere. (Read More) ​ 

Islamic Coin Plunges 100%, PeckShield Alerts

PeckShield highlighted a 100% drop in Islamic Coin’s value on the BNB chain, amidst earlier scam accusations by a Twitter user. The same day, Islamic Coin announced community rewards and its debut on the KuCoin exchange on October 11, 2023. (Read More) ​