Hong Kong’s Securities and Futures Commission (SFC) has issued a warning about unregulated cryptocurrency trading platforms, particularly Binance. The regulator said that the crypto exchange is offering the trading of “stock tokens.” The SFC issued a statement Friday warning the public about unregulated crypto trading platforms. The regulator addressed Binance in particular, stating that the …
Tag archives: Ripple
Busking for Bitcoin: Report Finds Street Performers Depend on Digital Payments
Street performers, or buskers, are leaning more toward digital platforms these days compared to the old method of accepting loose change. A report recently published by economists at RMIT University in Melbourne, Australia has found that in certain areas, buskers get more donations via digital payment methods like Paypal and bitcoin from people passing by, …
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Binance Quits Stock Token Trading as Hong Kong Adds to Mounting Regulatory Pressure
Cryptocurrency exchange Binance has announced it will no longer support the trading of stock tokens. The decision comes against the backdrop of an ongoing regulatory crackdown, with Hong Kong becoming the latest to declare that the platform is not licensed to provide such services in its jurisdiction. Stock Tokens No Longer Available for Purchase on …
Dogecoin’s Downward Slide: 2-Month Stats Show Meme-Based Crypto Is Down 76%
The infamous meme-based crypto asset dogecoin has had an incredible 12 months, rising more than 5,578% against the U.S. dollar. Dogecoin also ignited significant demand for a number of canine-themed cryptocurrencies this year as billions of dollars have funneled into these meme-coin economies. However, in recent times the original dogecoin has faltered, and over the …
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Daddy Doge token’s price pumped by Elon Musk’s casual shout
Videos that feature Tesla’s owner Elon Musk shouting “Daddy Doge” before getting into a car ended up pumping the new meme token’s value 798.5%. This month has witnessed plenty of dog meme token action thanks to the notorious crypto influencer’s voice. Shout out price pump Earlier this week, after his court appearance in a case …
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After UK and Cayman Islands, Binance now faces regulatory concerns in Italy
Regulatory pressure surrounding Binance keeps increasing as Italy joins the club of jurisdictions that issued notices referring to the biggest crypto exchange by trading volume. Italian government authority, responsible for regulating the country’s securities market, Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that states Binance is unauthorized to provide services …
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US Treasury Secretary Yellen Outlines Plans to Regulate Stablecoins in Collaboration With the Fed, SEC, CFTC
U.S. Treasury Secretary Janet Yellen will convene a meeting with the Biden administration’s working group on financial markets to discuss stablecoin regulation. “In light of the rapid growth in digital assets, it is important for the agencies to collaborate on the regulation of this sector and the development of any recommendations for new authorities,” said …
Youtube Superstar KSI ‘JJ’ Says He Made Then Lost Millions Investing in Bitcoin
Youtube superstar and rapper KSI, also known as JJ, has shared that he made millions of pounds investing in bitcoin and “lost it all” when the market “crashed.” Nonetheless, he still believes that bitcoin is the future and “eventually you’re going to get a $100,000 bitcoin, a $500,000 bitcoin, and a $1 million bitcoin. It’s …
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DeNations Hosts NFT Art Exhibition, Celebrating Genesis Block of the DeNations Art Chain
press release PRESS RELEASE. Defi and blockchain-powered Metaverse, DeNations launches NFT art minting platform, giving away free yield-bearing NFT art to NFT art collectors DeNations is a blockchain-powered metaverse platform based in Hong Kong that everyone can own nations, build cities/civilizations, and earn tokens. In DeNations, ownership of core assets is represented by Ethereum NFT …
German Bank Comdirect Now Offers 11 Cryptocurrency ETPs in Savings Plan
German bank Comdirect, with about three million customers, is now offering 11 cryptocurrency exchange-traded products (ETPs). “Comdirect has succeeded in significantly bridging crypto investments to retirement plans, something that our clients have longed for a while,” the bank said. German Bank Offering Crypto ETPs to Clients German direct bank Comdirect AG is now offering 11 …
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Cardano (ADA) testnet gets ‘hard forked’ to AlonzoWhite node
Input Output Hong Kong (IOHK), a blockchain infrastructure research and engineering company behind the development of the proof-of-stake Cardano platform, announced the successful upgrade of its Alonzo testnet as it forked to the new Alonzo White node. The full launch of Alonzo, which introduces smart contract functionality to the blockchain, is expected to spur the …
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Bybit Extends Its Reach With Spot Trade Offering
Adding to the exchange platform’s existing cryptocurrency derivatives products, Bybit will now offer spot cryptocurrency trading in four pairs, with additional pairs set to be rolled out in the near future. Bybit Adds Spot Trading The recent weakness in crypto prices and transaction volumes hasn’t stopped the industry’s exchanges from competing for order flow. Despite …
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Report: Tweaks to South African Tax Filing System to Result in Decreased Crypto Arbitrage
Reports from South Africa suggest that tax authorities have plugged a loophole on the online tax filing system that enabled crypto arbitrage traders to make several purchases on overseas cryptocurrency platforms using just one approval. As a consequence of these tweaks, crypto arbitrage traders are now forced to make a new application each they need …
The dilemma of interoperability & trustlessness: Genuine or apparent?
There are times when we have two choices (or maybe more) that are mutually exclusive. Choosing one implies forgoing the other, as we can have them both at the same time. To take a simple example, suppose you are invited to two events happening simultaneously in different venues. Despite being equally interested in both, you can …
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DOJ Tells FBI and Others: ‘Stop Signing Appreciation Notes for Binance’
The U.S. Department of Justice (DOJ) has requested federal agencies stop signing appreciation letters for Binance. The exchange used these letters as proof they are actively helping these agencies in criminal probes. However, this behavior seems to have bothered agents of these state organizations, who argue the exchange is bound to cooperate with these investigations …
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