UK cryptocurrency market regulators are currently investigating Terra’s plunge. It began amid the recent cryptocurrency market massacre. The leading cryptocurrency in the market, BTC, fell as low as $26,000 during the market downturn. At the same time, Terra fell by about 100%. Terra’s Meltdown Under Investigation as UK regulators Consider New Crypto Rules While regulators […]
A prominent cryptocurrency exchange, FTX, is getting into the stock trading business. Soon, its users will be able to trade equities and exchange-traded funds on the platform. Only A Few Users In The United States To Enjoy The Service The Wall Street Journal reports that the firm Sam Bankman-Fried helped establish and serve as its […]
CBA’s Crypto App Plan As previously mentioned last year, Australia’s biggest bank disclosed plans to let its users carry out crypto-related transactions on its app. It has been taking its plan to develop the project but as not stated a particular time it will finally launch the project to the public. It also has plans […]
An Overview of INFINOX INFINOX was established in 2009 and is regulated by the Financial Conduct Authority of the UK (FCA). the Financial Services Commission of Mauritius (FSC), the Securities Commission of Bahamas (SCB), and the Financial Sector Conduct Authority of South Africa (FSCA). The business claims to be a global brand with operations in […]
The Situation at Hand The drastic drop and decline that befell the digital asset market last few weeks have left a mark on the users and investors of crypto, with crypto coins and other assets experiencing their lowest of lows and even stablecoins being affected, it’s no surprise that both old and new investor is […]
Cardano’s price appears to hold the line following the 57% slump to $0.384. Nevertheless, the immediate obstacle at $0.677 might limit further recovery by ADA. A daily candle closing beneath $0.397 will annul the already precarious optimistic tale. Cardano sees its price staying well beyond the latest swing low that printed a possible bottom […]
The Recent Terra Drop Portrays Private Instruments as Just an Illusion Panetta in a statement noted that recent developments in the crypto industry show that believing in the usage of private instruments as money is just an illusion, since they cannot be exchanged at the same value as public funds at any time. He also […]
On Wednesday, orders were issued to five different metaverse casinos, instructing them to stop the sales of NFTs. Five US regulatory authorities acted fast to close a metaverse casino suspected of having relations with Russia and forced the casino to cease selling NFTs. Five jurisdictions throughout the country collaborated to simultaneously fulfill the orders. State […]
Nubank Invests In Bitcoin According to a statement released by the firm on Wednesday, Nubank, which is the biggest online bank in Brazil, is now enabling users to purchase, trade, and keep BTC through its phone app. Additionally, the financial technology business will invest 1% of its shares in BTC through its mother company, Nu […]
With the chaos in the cryptocurrency market this year, it’s a surprise that a certain coin is still able to make money while others like bitcoin and Luna are making considerable losses and finding it hard to get out of the situation in which they find themselves. Considering this is just the first Quartile, the […]
Fraudulent individuals are making use of the attention digital currencies are receiving in Turkey. These individuals have devised a way to make use of the largest crypto company to its advantage. How The Scam Works The scammers have placed multiple billboards displaying Binance-related ads, hoping to gain from the recent popularity the business has achieved […]
Binance’s expansion plans have met new challenges after Spain’s regulators asked the exchange to reduce its derivatives offerings. On Friday, the National Securities Market Commission told the globe’s largest trading platform to limit its derivatives services in the nation. Derivative trading is the speculation of the potential value of an underlying asset through the selling […]
The founders of Bitmex were fined $30M for unlawfully running a BTC derivatives trading platform and anti-money laundering offenses, according to the court. Arthur Hayes, Samuel Reed, and Benjamin Delo all have to pay $10M. The Founders of Bitmex Have Been Fined $30M For running an unlawful bitcoin derivative trading platform and anti-money laundering offenses, […]
Shanghai, the largest and most populous metropolis in China (including more than 25M inhabitants), has harnessed the power of blockchain technology to record and secure the occurrences of the COVID-19 lockdown. Many videos, images, and music files are saved as NFTs that may be traded with cryptos on NFT markets, bypassing censorship. Because NFTs operate […]
Mode application relaunched its affiliate program, allowing customers to earn 12% rewards in Bitcoin on qualified online transactions via the company’s app. Existing customers were limited to 5% cashback when it was newly introduced, while new users were given a one-time 10% cashback incentive. Furthermore, the company’s Bitcoin rewards program has been revamped with a […]
Approximately $2.29M worth of digital Yuan will be distributed to citizens of Shenzhen as China continues its CBDC testing program. The Chinese government would provide 15M Yuan in digital currency to 130,000 people. Lottery System For The CBDC Giveaway In addition, there will be no purchase requirement for this CBDC, making it applicable at over […]
Investing firm, 21Shares, is preparing to establish an ETP that will monitor both BTC and Gold prices. ETPs will start to trade on the SIX Swiss Exchange as soon as this week is over. Digital asset management Bytree and cryptocurrency exchange 21Shares have collaborated on an ETP named the BOLD ETP. BTC and Gold are […]
Popular and controversial crypto exchange, Binance, has announced that it would no longer offer Apecoin lending on its platform as its supply of the token cannot meet its demand. Famous china-based crypto journalist, Collins Wu, was the first to observe the notification on the Apecoin lending page. The demand for Apecoin started increasing following the […]
Cuban Central Bank is the latest regulator to issue guidelines on how businesses and VASPs can obtain crypto licenses to operate within the jurisdiction. According to the announcement made in the country’s official newspaper, those who want to trade virtual currencies or operate a crypto-based business are mandated to obtain a minimum of one-year validity […]
The Central Bank of Cuba, Banco Central de Cuba (BCC), stated on the 26th of April that it would grant licenses to VASPs (virtual asset service providers) who are ready to provide crypto services in the country. According to the Central Bank’s decision, published in the Gaceta Official No. 43 on the 26th of April, […]
