The U.K crypto community is left confused after the country’s financial watchdog, the Financial Conduct Authority (FCA), published a report titled “Consumer warning on Binance Markets Limited and the Binance Group” over the weekend. This report reiterated comments made in an October 2020 press release banning the sale of crypto-derivatives to retail investors. However, the …
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Dfyn Network, the multichain, low-fee automated market maker (AMMs) exchange, has launched its second AMM node on OKExChain, as per a release last week. We are thrilled to announce our collaboration with @OKExChain, an exciting blockchain community created by @OKEx 💥 Dfyn has launched an AMM node on OKExChain, enabling the official launch of the Dfyn Exchange …
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The price of SafeDollar (SDO), an algorithmic decentralized finance (DeFi) stablecoin based on the Polygon (MATIC) blockchain, has plummeted to literally zero as a result of what appears to be an exploit today. ⚠️ SafeDollar exploited ⚠️ Exploit season is coming to Polygon? 🤣 https://t.co/evzsUAr695 h/t @RugDocIO — defiprime (@defiprime) June 28, 2021 While details …
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BTCC, ostensibly the first cryptocurrency exchange established in China, exited the bitcoin trading business last week. According to statements, this was the result of the continued regulatory pressure Beijing is exerting on cryptocurrency businesses. The company will now transition to blockchain-related endeavors. BTCC Closes Its Exchange Business BTCC, the company that once ran the most …
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The algorithmic decentralized finance (defi) stablecoin safedollar (SDO) has been attacked, according to statements published on its Telegram channel. The safedollar token did not remain stable following the attack, as the defi stablecoin’s price collapsed to zero. Safedollar Stablecoin Price Collapses A Polygon (MATIC) blockchain-based stablecoin called safedollar (SDO) has lost all of its value, …
The U.S. economy is looking stagnant according to data stemming from the Bureau of Economic Analysis, as core personal consumption expenditures (PCE) jumped 3.4% in May from a year prior. The recent PCE spike is the highest year-over-year basis change since 1992 and the statistic is fueling inflation concerns. Amid ‘Never Ending’ Market Rallies, Core …
press release PRESS RELEASE. With an ever-increasing demand for computing power, PORT Network launches the first dApp to merge both Cloud and Volunteer computing on the blockchain. 28th June 2021, Düsseldorf, Germany – The demand for increased computing power is growing at an exponential rate. Industries such as IoT, Pharmaceutical, AI, 3D Image Processing and …
Banking institutions in South Korea have reportedly requested to not be held accountable for crimes linked to cryptocurrencies such as money laundering. According to local media, financial regulators are now developing rules that could relieve Korean banks from responsibility when screening the crypto exchanges they work with. New Guidelines to Appease South Korean Banks Korean …
ICP is one of the hardest-hit tokens in the crypto market. During the May market crash, its value dropped just like the rest of theSource: TradingView The ICP token had a great start this year after listing on major exchanges such as Binance, OKEx, Coinbase and Huobi. However, in May, the value of the ICP …
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The majority of the cryptocurrency market is trading in the green zone, and Fantom is one of these tokens. The cryptocurrency has gained 6% in 24 hours, increasing its value on trading charts. FTM gains are attributed to the support garnered from the entire crypto market. At the time of writing, Fantom is trading at …
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Guggenheim Partners founder Scott Minerd says a $600,000 Bitcoin is still in the cards, but investors may have to prepare for a further drawdown before BTC can start rising again. In an interview with CNBC, Minerd discusses the possibility of Bitcoin losing over 50% of its based on historical price action. ADVERTISEMENT “Every major …
Ethereum (ETH) scalability infrastructure developer Polygon has announced the rollout of a general-purpose, scalable data availability solution called Avail. According to a release issued on Monday, Polygon revealed that Avail will function as a data available tool for execution layers like sidechains, standalone networks, and layer-two protocols. One of the major hurdles for effective blockchain …
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The cryptoverse has been overrun with negative events lately. One of the most recent ones was the Iron Finance bank run that occurred on June 16. Iron Finance is a multi-chain, partially collateralized stablecoin protocol with the main goal of providing a dollar-pegged stablecoin to be used for DeFi applications. It was the first large-scale …
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Iran’s Ministry of Industries, Mining and Trade issued operating licenses for 30 crypto mining centers in the country, the country’s Financial Tribue reported last Wednesday. Citing data from the ministry’s website, the report says that Iran’s Semnan Province received the most licenses, with six crypto mining farms now authorized to operate in the region. Alborz Province …
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With the implementation of new rules from South Korea’s Financial Services Commission (FSC), many smaller cryptocurrency exchanges in the country fear they will be forced to shut down. These rules require each exchange to prove that it has a real-name account held at a Korean bank by Sept. 24, 2021 — the hitch being that …
Continue reading “Crypto exchanges could sue Korean gov’t for ‘passing the buck‘ to banks”
