US Congress Proposes Dismissing Gary Gensler
Reading Time: < 1 minuteUS House of Representatives member Warren Davidson has once again called for the removal of Gary Gensler from his post as head of the SEC following a positive court verdict for Grayscale in its conversion of GBTC tokens into an ETF.
Core Quickswap Members Launch 50x Leverage on Kava Chain
Reading Time: 2 minutesGeorgetown, Cayman Islands, August 30th, 2023, Chainwire Multiple core contributors of Quickswap, celebrated for their success on Polygon, have launched their next venture: Kinetix Finance on Kava Chain. Kava Chain […]
SEC Classifies NFTs as Investment Contracts
Reading Time: < 1 minuteThe US Securities and Exchange Commission (SEC) has alleged that Impact Theory violated federal securities laws by selling investments in the form of unregistered non-fungible tokens (NFTs) under the name Founder’s Keys.
South Korean Exchanges Forced to Keep Reserves of at Least $2.3M
Reading Time: < 1 minuteThe Banking Federation of South Korea (KFB) has mandated that cryptocurrency exchanges must maintain at least $2.26 million in reserves in a bank account, starting in September 2023.
CoinSwitch Lays Off Third of Employees from its Support Team
Reading Time: < 1 minuteCoinSwitch, an India-based cryptocurrency exchange, has laid off 44 of its 126 customer service department employees.
Hong Kong Arrests Users for Laundering $15M Through Crypto
Reading Time: < 1 minuteHong Kong police have reportedly made 458 arrests in 314 money laundering cases involving approximately $60 million, of which a quarter is related to digital assets.
Robinhood Invests More Than $3 Billion in BTC
Reading Time: < 1 minute
According to Arkham Intelligence, the Robinhood Bitcoin wallet is the third largest, holding more than $3 billion worth of cryptocurrency.
Binance Launches a Solution for Institutional Clients
Reading Time: < 1 minuteBinance has launched the MirrorX OTC settlement solution.
Worldcoin Loses 44% of its Value a Month After Launch
Reading Time: < 1 minuteThe token of Worldcoin project, WLD, has seen a considerable dip of 43.6% in the 30 days respectively.
Coinbase Might Cooperate with Largest Canadian Banks
Reading Time: < 1 minuteLucas Matheson, who is in charge of Coinbase’s business expansion, has recently confirmed that his team is engaging in negotiations with the largest banks in Canada.
B2C2 Acquires Market Maker Woorton
Reading Time: < 1 minuteB2C2, a cryptocurrency over-the-counter (OTC) platform, has acquired French market maker Woorton for an undisclosed amount as it seeks to expand into the European market.
Binance Abandons Sberbank and Tinkoff Names
Reading Time: < 1 minuteBinance, which has an internal peer-to-peer platform, had replaced the Sberbank and Tinkoff card names with “green” and “yellow” respectively.
US Presidential Candidate Francis Suarez Says Will Accept Salary in BTC
Reading Time: < 1 minuteUS Republican presidential candidate and Miami Mayor Francis Suarez has declared that if he were to win the election, he would be willing to take part of his salary in Bitcoin.
1inch Deploys Protocols on Coinbase’s L2 Network Base
Reading Time: < 1 minuteOn August 24, 1inch Network developers announced the deployment of their project onto Coinbase’s second-layer solution, Base.
Coin Center Sends Comments to US Senate on Crypto Taxation
Reading Time: < 1 minuteIn response to a request from the US Senate Finance Committee, Coin Center provided proposals for the taxation of digital assets.
Investments in European Crypto Funds Soar: Report
Reading Time: < 1 minuteCoinShares reported that investments in European crypto funds (ETPs) have been steadily increasing over the course of the past three months.
Aptos Launches a Flexible Token Standard
Reading Time: < 1 minuteThe developers of Aptos (APT) have officially unveiled their new Digital Asset (DA) standard tokens.
BTC Crash Leaves Only 12% of Speculators’ Coins in Profit: Report
Reading Time: < 1 minuteAn analysis conducted by Glassnode found that 88.3% of short-term investors have now become “unprofitable” due to Bitcoin’s biggest dip of the year so far by 7.2%.
Canaan Suspends Mining Activities in Kazakhstan
Reading Time: < 1 minuteUnfortunately, Kazakhstan has had tightening regulations on this industry and Canaan had to suspend the operations of their enterprises there.
Relative Strength Indicator Hits 2020 Records
Reading Time: < 1 minuteOn March 20, 2020, the Relative Strength Index (RSI) on the Bitcoin chart on CoinDesk showed a sharp change in prices with the cryptocurrency exchange rate at $4,000 due to the COVID-19 pandemic.
Bitget Announces Introduction of Mandatory KYC
Reading Time: < 1 minuteBeginning on September 1, cryptocurrency exchange Bitget is modifying its requirements for KYC verification.
The SEC to Allow ETFs on Ethereum Futures in October
Reading Time: < 1 minuteAccording to Bloomberg, if the US Securities and Exchange Commission (SEC) approves at least one of the applications submitted – then a crypto fund ETF for Ethereum futures may enter the US market as soon as October 12.
Bitcoin Funds Record Outflow of Funds
Reading Time: < 1 minuteCoinShares analysts estimated that $55.4 million was withdrawn from cryptocurrency investment products from August 12 to 18, a notable contrast to the $28.5 million inflow during the previous week.
Mantle Stops Token Migration Due to FTX
Reading Time: < 1 minuteThe BitDAO and L2 project Mantle Network announced in May a merger to create a single ecosystem under the BitDAO brand.
New Zealand Not in the Hurry to Legalize Cryptocurrencies
Reading Time: < 1 minuteThe New Zealand House of Representatives backed an expert-prepared report which called on the country’s government to exercise caution when considering cryptocurrency regulations.
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