UK’s leading financial watchdog, the Financial Conduct Authority (FCA), has stated its concerns about the deal between Binance subsidiary, Bifinity, and financial service company, EQONEX. According to the regulator, it is concerned about the regulated activities in the region due to the deal. FCA reveals concern about Binance’s new partnership On March 7, the two …
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Crypto investment products attracted large inflows in the Americas last week, versus minor outflows recorded in Europe, according to the latest report by institutional crypto fund manager CoinShares. The report which analyzes weekly flows into cryptocurrency funds suggests enduring investor interest despite the geopolitical unrest which spurred a sell-off in risk assets. Bitcoin attracts $95 …
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Amidst the pressures on crypto companies to discontinue their services in Russia, the President of the United States, Joe Biden, will soon sign an executive order that’ll pave the way for crypto regulations, according to a Bloomberg report. The order, which is expected to come midweek, will give the Treasury, Justice Department, and other federal …
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PancakeSwap ($CAKE), the leading decentralized exchange on Binance Smart Chain (BSC), teases a new feature, which they will reveal in the coming days. The firm also states they are collaborating with a new partner to bring this about, only adding to the mystery. 🔜 We’ve been cooking this new feature with a partner for a …
According to the latest survey from Paxful, there has been a significant increase in financial literacy among women. More women than ever are active participants in the financial market, investing both in stocks and cryptocurrencies. Paxful’s survey shows that women will be the main drivers of the next wave of growth in U.S. wealth management—and …
The Financial Crimes Enforcement Network (FinCEN) has issued an advisory on Russian efforts to evade sanctions that includes a number of crypto-related red flags. However, the bureau admitted that it has not seen “widespread evasion” of its sanctions using cryptocurrency. FinCEN Warns About Sanctions Evasion The Financial Crimes Enforcement Network (FinCEN), a bureau of the …
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sponsored Many crypto exchanges send tax forms to the IRS, each with their own list of supported tokens and info that doesn’t necessarily match up. This can create a lot of confusion for U.S. taxpayers. Luckily, Cointelli can swiftly and reliably create a unified tax report with the push of a button. And if there …
A popular destination for many Russians, Thailand is now looking for ways to facilitate their payments amid widening western sanctions over Moscow’s military invasion of Ukraine. Cryptocurrency is one of the options being explored by the tourism industry as Russian citizens now face financial restrictions. Authorities in Thailand Consider Accepting Cryptocurrency From Russian Visitors Talks …
According to the startup Starkware, the team’s Ethereum layer two (L2) service Starknet has been integrated by the blockchain API and node service Alchemy. Developers can now leverage Alchemy’s infrastructure tools alongside Starknet’s zero-knowledge (ZK) rollup technology. Israel-Based Startup Starkware Partners With Alchemy On Monday, the blockchain startup Starkware announced the team has inked a …
A leading investment firm with over $150,000,000,000 in assets under management is launching a new crypto fund. Today, Bain Capital launched Bain Capital Crypto (BCC), a $560,000,000 crypto funding arm. “We are excited to announce Bain Capital Crypto, our first $560mm fund, and the launch of a new platform to support the renegades and pioneers building …
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Coinbase chief legal officer Paul Grewal is outlining the cryptocurrency exchange’s approach to sanctions in the wake of Russia’s invasion of Ukraine. In a blog post, Grewal says the exchange giant intends to fully comply with the sanctions imposed on Russia following last month’s invasion. According to Grewal, the cryptocurrency exchange takes proactive steps to …
ARK Invest founder Cathie Wood says decentralized finance (DeFi) could threaten the supremacy of financial institutions. In a recent conversation with Miami Herbert Business School, the hedge fund founder discusses the bourgeoning sector’s potential impact on traditional finance. “The financial revolution is DeFi and really, it’s just taking all the middlemen out of the financial …
Bitcoin is signaling that it’s ready to revive itself from a multi-month downtrend and form the beginnings of a fresh bull run, according to a closely followed crypto trader and analyst. The pseudonymous trader known as Rekt Capital tells his 292,000 followers that Bitcoin is no longer in a downtrend but in the middle of …
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Crypto bear markets are known for their downturns and their liquidations for investors who are trading with leverage. On top of that, decentralized finance, or DeFi, projects can become targeted by hacks or suffer rug pulls, leading to enormous losses for investors of their tokens. Now new software seeks to alert investors in real-time about …
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Cryptocurrency is a hot topic worldwide, especially with prices of Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies hitting higher thresholds and resulting in another banner year for investors. While the earnings look good on paper, one factor is often left to consider –– that is, crypto taxes. It is not uncommon for traders to take …
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