Crypto.com was one of the few crypto exchanges to keep LUNA trades open as Terra’s death spiral saw an unrecoverable price crash of LUNA and stablecoin UST. However, a technical glitch on Crypto.com’s mobile application …
Continue reading
Category: Cryptocurrency Exchange
Binance embarrassed after unveiling swastika-like emoji on Hitler’s birthday
Binance, the world’s largest cryptocurrency exchange, released a new Binance Emoji on Twitter that users noticed bore a striking resemblance to a swastika. On Wednesday morning, Binance CEO, Changpeng Zhao (CZ) retweeted Binance’s original post, …
Continue reading
Ethereum price breaks through $3K, but analysts warn that a retest is needed
The cryptocurrency market continues to forge ahead on March 23 despite facing headwinds on multiple fronts. At the moment, global conflict, rising inflation and widespread economic uncertainty are taking a toll on financial markets and …
Continue reading
Gemini receives license to provide electronic money services in Ireland
Cryptocurrency exchange Gemini has received an electronic money license from the Central Bank of Ireland. It was the 18th organization to receive the license, and the first since October 2020. Gemini joined such license holders …
Continue reading
Binance proposes world dominance through the acquisition of companies across all sectors
Binance is looking to diversify its business interests by acquiring company’s outside the scope of cryptocurrency, according to a report from the Financial Times. “We want to identify and invest in one or two targets …
Continue reading
Thailand exempts crypto tax traders from authorized exchanges at 7%
To encourage investment in digital assets, Thailand’s finance ministry has apparently relaxed its crypto tax regulations. Just a few weeks ago, the government dropped its initial plans to introduce a 15% tax for crypto gains. …
Continue reading
Swiss crypto financial institution Sygnum secures in-principal approval in Singapore
Sygnum Singapore, a subsidiary of Switzerland-based cryptocurrency financial institution Sygnum, is increasing providers after securing new regulatory approval from native authorities. The corporate introduced Tuesday that Sygnum Singapore acquired in-principle approval from the Financial Authority …
Continue reading
FCA once again has the power to cancel or suspend registrations of crypto-firms’ following concerns about Bifinity
The United Kingdom’s Financial Conduct Authority, or FCA, has issued a warning to Binance Markets in response to Binance’s payment company Bifinity and investment firm Eqonex entering a strategic partnership. In a Monday statement, the …
Continue reading
UK financial watchdog investigating 50 illegal crypto-firms
The United Kingdom’s Financial Conduct Authority, or FCA, has announced it has 50 active investigations as part of its efforts to crack down on unregistered crypto businesses. In a Thursday announcement, the FCA said it …
Continue reading
The South Korean cryptocurrency market will grow to $45.9B by 2021, despite stringent regulations
South Korea’s crypto market grew to 55 trillion Won ($45.9 billion) by the end of 2021, as per a new study from the country’s chief financial regulator, the Financial Service Commission. South Korea has been …
Continue reading
SEC may still penalize crypto firms for failing to report securities law violations. Report
The U.S. Securities and Exchange Commission’s enforcement director has reportedly said cryptocurrency companies will not receive amnesty for reporting themselves for possible violations of securities laws. According to a Monday report from Reuters, the SEC …
Continue reading
Crypto exchanges take into account Ukraine’s name to freeze Russians’ Bitcoin
Because the West continues to impose extra sanctions in opposition to Russian banks following Russia’s invasion of Ukraine, one Ukrainian official has referred to as for sanctions on Russians’ cryptocurrency holdings as nicely. Mykhailo Fedorov, …
Continue reading
Blockchain forensics is the trusted informant in crypto crime scene investigation
The seizure by the U.S. Division of Justice of $3.6 billion value of Bitcoin (BTC) misplaced through the 2016 hack of Bitfinex’s cryptocurrency alternate has all of the components of a Hollywood movie — eye-popping …
Continue reading
According to reports, EU member states plan to establish an AML Watchdog that will oversee crypto companies by 2024
In coordination with other authorities the European Commission reportedly intends to allow its financial watchdog group to potentially monitor illicit transactions at cryptocurrency firms. According to a Tuesday Bloomberg report, a group of European Union …
Continue reading
Uphold registers as a crypto-asset business in the UK after approval of FCA
An approval has been given by the Financial Conduct Authority of the United Kingdom (FCA), to a European affiliate of Uphold, a crypto trading platform based in the United States. According to the FCA website, …
Continue reading
Crypto group condemns Canada for freezing dissidents’ Bitcoin wallets
World cryptocurrency lovers have expressed considerations over Canadian authorities freezing financial institution accounts and crypto wallets concerned in funding native COVID-19 protests. On Thursday, Ontario Superior Courtroom Justice Calum MacLeod issued an order freezing all …
Continue reading
Ukraine’s up to date crypto invoice kicks one ministry out as regulator
Ukraine’s parliament, the Verkhovna Rada, has accredited some vital amendments within the nation’s main cryptocurrency-related laws often called the invoice “On Digital Property.” The Ukrainian Rada handed the laws within the second studying throughout a …
Continue reading
Binance stopped ‘all actions targeted on Israel’ following regulatory request: Report
Main crypto alternate Binance has reportedly halted actions and advertising to Israelis following a request from one of many nation’s monetary regulators over licensing. In accordance with a Thursday report from Israel-based information outlet Globes, …
Continue reading
India’s crypto tax supplies little authorized readability for merchants and exchanges
Earlier in February, Indian Finance Minister Nirmala Sitharaman introduced a tax proposal that may carry the comparatively unregulated digital asset house below the purview of tax authorities. The proposal features a 30% revenue tax on …
Continue reading
Binance.US is beneath investigation from SEC over buying and selling associates: Report
The U.S. Securities and Alternate Fee (SEC) has reportedly launched a probe into main crypto change Binance’s U.S. arm relating to buying and selling corporations linked to Binance CEO Changpeng Zhao. In keeping with a …
Continue reading