Bitcoin News and Finance: What You Need to Know

Russian crypto traders have been looking to obtain unrestricted accounts for global exchanges as their access to such platforms is limited. Over the past year, the offering of such accounts on the dark web has increased significantly, cybersecurity experts told the Russian press. Supply of Crypto Exchange Accounts for Russian Users Doubles in a Year of Sanctions More and more ready-to-use accounts for cryptocurrency exchanges are being sold to Russian residents. While this is not a new phenomenon — such accounts are often employed by fraudsters and money launderers — the current growth in supply has been attributed to the restrictions imposed by the trading platforms on customers from Russia, as a result of compliance with sanctions over the war in Ukraine. Russian residents have been buying these accounts despite the dangers, including the risk that whoever created them could maintain access after the sale, the Kommersant reported. But they are inexpensive and offers on darknet ma...

The South Korean government will adopt a cryptocurrency tracking system within the first half of this year, the country’s Ministry of Justice reportedly announced. The tracking system will be used to monitor and analyze crypto transactions, particularly to uncover the sources of illegal funds. South Korea to Start Tracking Crypto Transactions in 1H South Korea’s Ministry of Justice (MOJ) reportedly announced that it will adopt a cryptocurrency tracking system within the first half of this year. In its 2023 task report , the Justice Ministry explained that the tracking system will be used to monitor and analyze cryptocurrency transactions, particularly to uncover the sources of illegal funds. The ministry was quoted by local media as saying: We will overhaul the forensic infrastructure in response to the modernization of crime. The Korean government has been talking about adopting a system to track down illegal crypto transactions for many months. In October last year, the coun...

A new decentralized exchange (dex) on Arbitrum, called Vest Exchange, was announced this past weekend, and the team that created the project said the platform aims to focus on democratizing perpetual futures. The team behind Vest further detailed that the new Arbitrum dex is backed by firms such as Jane Street, QCP Capital, and Big Brain Holdings. Vest Aims to Revolutionize Defi Perpetuals With Cutting-Edge Risk-Engine and Backing From Prominent Investment Firms The creators of a new dex platform built on the Arbitrum layer two blockchain announced on Jan. 28, 2023, that the project has emerged from stealth mode. The project, called Vest Exchange , closed a seed round with investments from firms including Jane Street, QCP Capital, Big Brain Holdings, Pear VC, Cogitent, Moonshot Research, Fugazi Labs, Ascendex, Builder Capital, Infinity Ventures Crypto, and Robert Chen (Ottersec). Vest Exchange also provided a summary of the project in a blog post published on the same day. Vest ...

The metaverse is making inroads in job recruiting fronts in Japan. According to local reports, a mega metaverse job fair was organized on Jan. 27, with more than 2,000 students taking part in the experience. The students used avatars to communicate and review the job previews available in different booths controlled by several companies. Japan Embraces the Metaverse for Recruiting Metaverse tech is starting to change the landscape of job hunting and recruiting in Japan. More than 2,000 students attended a metaverse job fair, that allowed them to use digital avatars to communicate with recruiters and examine the possibilities of each job offer available. Due to the anonymity in the metaverse, participants were allowed to ask questions on delicate matters concerning these job offerings, according to reports of the Asahi Shimbun. 179 companies participated in this effort, which was organized by Neo Career Co., which took care of the job-related activities, and X Inc., which carried t...

The Argentine peso has fallen consistently against the U.S. dollar this month, losing almost 12% since Jan. 1. The behavior of the exchange rate for the informal “blue” dollar keeps bringing concerns about a possible escalade in inflation rates, that are predicted to reach almost 100% this year, similar to the rates registered in 2022. Argentine Peso Keeps Falling Argentina is currently submerged in a devaluation scenario that has the possibility of causing an escalation in prices this year. The value of the Argentine peso against the U.S. dollar has fallen by almost 12%, reaching a record-high rate of 386 pesos per dollar on Jan. 27 in its ‘ blue ‘ variation. The exchange rate has been constantly rising since December, when it reached 356 pesos per dollar, breaking a record low for the peso at that time. The government has made movements to maintain its stability, injecting dollars to satisfy the demand of registered importers into the market and announcing a purchase operation ...

PRESS RELEASE. VICTORIA, Seychelles — Bitget , a leading cryptocurrency derivatives exchange, has announced the winners and conclusion of its Hero Trader Awards 2022 competition. The event was organized to select the best 15 copy traders with high moral standards and professional qualities through community voting. The Hero Trader Awards 2022 commemorated the advancement of copy trading based on transaction data from Bitget’s One-Click Copy Trade in 2022 , which was used to select 75 Star Traders who participated in the contest. Bitget is a pioneer in crypto copy trading thanks to the way it works to improve products through innovation. One-Click Copy Trade is Bitget’s flagship offering of crypto copy trade, and as of Jan 19th, 2023, the product has amassed more than 80,000 traders and over 380,000 followers, along with 42,000,000 profitable copy trades since its launch. Recently, Bitget has become the first cryptocurrency exchange to launch copy trading in the spot market. The ...