Tag: cryptocurrencies
All news related to cryptocurrencies, the digital assets that are revolutionizing the finance sector.
CoinShares: Crypto Funds Are Recording a Slight Inflow of Funds
Reading Time: < 1 minuteThe inflow of funds into cryptocurrency-based investment products from September 24 to September 30 amounted to $10.3 million.
IMF: The Concentration of Control From Exchanges in PoS Networks Poses Risks
Reading Time: < 1 minuteThe Proof-of-Stake (PoS) consensus algorithm could lead to “an excessive concentration of decision-making power in the hands of crypto exchanges and custodial service providers, with risks to market integrity.”
Japan Plans to Tighten AML Procedures Through Cryptos
Reading Time: < 1 minuteThe Japanese government plans to introduce new rules to tighten the fight against the laundering of illegally obtained funds using digital assets.
Crypto Wallet Maker OneKey Attracts $20M
Reading Time: < 1 minuteOneKey, a Hong Kong-based open source hardware wallet maker, has recently completed a $20 million Series A funding round led by Dragonfly and Ribbit Capital.
The UK Proposes to Simplify Crypto Withdrawal
Reading Time: < 1 minuteThe UK’s Parliament plans to consider a bill aimed at combating cybercrime and money laundering.
Binance CEO: Bearish Cycles Are Beneficial for Crypto Market
Reading Time: < 1 minuteBinance CEO has said that in the long term, bearish sentiment is more beneficial for the cryptocurrency market than a seemingly endless uptrend.
JPMorgan CEO: “Cryptocurrencies Are Decentralized Ponzi Schemes”
Reading Time: < 1 minuteJamie Dimon, CEO of JP Morgan, has said that cryptocurrencies are “decentralized Ponzi schemes,” but blockchain technology has potential.
Crypto Fraud Suspect to Pay $3.7B in Brazil
Reading Time: < 1 minuteA court from Rio de Janeiro has ordered the founder of GAS Consultoria to deposit $3.7 billion to pay a compensation to the victims of a cryptocurrency fraud.
Australian Senator: “The Digital Yuan is a Threat to National Security”
Reading Time: < 1 minuteSenator Andrew Bragg of the Australian state of New South Wales has announced a new digital asset bill.
Crypto Custodian HyperBC Obtains a Lithuanian Financial License and Focuses on Regulatory Frameworks
Reading Time: 3 minutesHyperBC Group has acquired a Lithuanian financial license no. 305790868 to expedite its global compliance operations.
Russia Plans to Introduce Cryptos into the Country’s Civil Code
Reading Time: < 1 minuteRussia has recently proposed to legalize cross-border crypto transactions in 2023, however, this will require changes in the Civil Code.
Fireblocks Annual Revenue Hits $100M
Reading Time: < 1 minuteCrypto company Fireblocks has announced it has reached $100 million in annual revenues.
SEC Chairman Supports Power Transfer on Crypto to CFTC
Reading Time: < 1 minuteThe SEC Chairman Gary Gensler plans to support the US Congress granting additional powers to regulate the crypto market to the CFTC.
UK FCA Warns Investors Against Crypto Influencers
Reading Time: < 1 minuteThe FCA, the UK’s financial regulator, has recently warned investors about the risks of financial advice from influencers promoting crypto and forex trading.
Europol: Cryptocurrencies Are a Tool to Fight Crime
Reading Time: < 1 minuteEuropol representatives have said that blockchain, thanks to its transparency, provides the authorities with a qualitatively new way to fight organized crime in the financial sector.
David Rubenstein Has Invested in Crypto
Reading Time: < 1 minuteCarlyle Group co-founder David Rubenstein, has said he has invested in crypto companies.
Vitalik Buterin Says That The Current Bearish Cycle in Crypto Market is Expected
Reading Time: < 1 minuteEthereum co-founder Vitalik Buterin has stated he is confident that the previous cryptocurrency bull market would end sooner or later.
MicroStrategy is Accused of Evading $25 Million in Taxes
Reading Time: < 1 minuteThe District of Columbia has just filed a lawsuit against MicroStrategy and its CEO.
Dubai Regulator Launches New Crypto Advertising Rules
Reading Time: < 1 minuteThe Dubai Virtual Assets Regulatory Authority has recently published new rules governing the advertising and promotion of cryptocurrencies.
Japan Will Ease Crypto Tax Policy
Reading Time: < 1 minuteThe Japanese authorities are currently considering options for easing tax policy in relation to crypto business.
Crypto Funds Record 2nd Consecutive Weekly Outflow
Reading Time: < 1 minuteThe outflow of funds from cryptocurrency investment products from August 13 to 19 amounted to $9 million compared to $17 million a week earlier.
Escrypto to Launch Across 3 Continents
Reading Time: 3 minutesEscrypto, the global crypto payment service, has been getting licenses to operate in 3 continents and will launch later this year.
WhiteBIT Lists Native Token WBT
Reading Time: < 1 minuteCryptocurrency exchange WhiteBIT has listed its internal WhiteBit Token (WBT) on August 25.
Predict Crypto Markets & Earn Rewards with ROLA.ai’s Evolving Web3 Game-Fi social media app
Reading Time: 4 minutesA thriving crypto community with an exciting idea is about to be born!
IMF is Concerned About Growth of Correlation Between Crypto and Asian Stock Market
Reading Time: < 1 minuteThe increased correlation between cryptocurrencies and stock markets in Asia is a matter of concern and calls for additional regulatory action.
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