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DeFi Mining Is Now Live on Bybit
7.7.2021
The growing competition in decentralized finance (DeFi) is leading to many innovations in the domain. The latest addition to the list of novel features has come from Curve Finance which has extended the convenience of earning higher yields on volatile assets. The feature known as DeFi mining is...
Spanish Congress Passes Antifraud Law: Users Will Have to Disclose Crypto Holdings Inside and Outside Spain
7.7.2021
The Spanish Congress has approved the antifraud law that was amended last month by the senate. Spanish citizens must now inform about their crypto holdings even outside the country. The new law further establishes severe fines for citizens who fail to share this information with authorities....
UFC inks $175 million sponsorship deal with Crypto.com
7.7.2021
The deal terms were not publicly disclosed, but according to sources, it’s worth $175 million over 10 years
‘Compliance is a journey,’ says Binance CEO amid regulatory scrutiny
7.7.2021
The crypto industry has massively evolved since Binance’s launch four years ago, but it still needs more regulatory certainty, Binance's CEO said
Crypto Derivatives Exchange Bybit to Introduce Stringent KYC Policy
7.7.2021
The British Virgin Islands-based Bybit Fintech Limited has announced the cryptocurrency derivatives exchange is introducing an updated know-your-customer (KYC) policy on July 12. Bybit notes that it already had certain KYC requirements implemented, but the new system reform is meant...
BlockFi starts shipping Visa-backed Bitcoin rewards credit cards
7.7.2021
Cardholders will earn a percentage back in Bitcoin instead of airline miles or other cashback rewards
Ukraine’s Monobank to Allow Customers to Trade Bitcoin
7.7.2021
Monobank, a mobile bank operating in Ukraine, has announced new products and services that will allow users to trade cryptocurrencies and stocks. One of the offerings includes a bitcoin card which the online banking platform is going to launch as early as this month. Monobank to Offer Users Bitcoin...
Tokenization: Crowdfunding in the Era of Cryptocurrency and Blockchain
7.7.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Since blockchain and cryptocurrency entered the scene, we’ve witnessed a complete revolution in the world of fundraising. The use of tokenization and blockchain has seen enhanced fundraising activities...
China Shuts Down Software Maker Over Suspected Crypto-Related Activity, Issues Industry-Wide Warning
7.7.2021
The People’s Bank of China (PBOC), the country’s central bank, has shut down a software firm over suspected involvement in cryptocurrency transactions. The central bank also warned organizations not to “provide premises, commercial display, advertising … and other services...
Crypto Exchange Binance Suspends Euro Deposits via SEPA Bank Transfers
7.7.2021
Troubles at cryptocurrency exchange Binance continue as the platform is now reportedly suspending euro deposits via SEPA bank transfers. Binance says the suspension is temporary and it is due to events beyond its control. Binance’s Troubles Extend to SEPA Transfers Binance users reported...
Brazilian ‘King of Bitcoin’ Arrested for Involvement in Alleged $300 Million Fraud
6.7.2021
Claudio Oliveira, owner of the Bitcoin Bank in Brazil and known as the ‘King of Bitcoin,’ was arrested yesterday for his alleged participation in a fraud scheme involving $300 million. According to inquiries from federal authorities, Oliveira faked a Bitcoin hack back in 2019 in which...
ADA, DOGE overtake BTC as the most popular cryptos for US eToro users
6.7.2021
Bitcoin, the so-called king of cryptocurrencies, has seen its popularity decline among U.S.-based eToro users over the past 12 months. Despite more volatility, altcoins are growing in popularity
Class action lawsuit against Binance targets exchange's futures trading
6.7.2021
The investors in the class action suit allege they lost "tens of millions" of dollars due to not being able to manage their positions and view their balances during peak trading hours
$55 Billion Hedge Fund Firm Marshall Wace Planning Investments in Crypto Sector
6.7.2021
Hedge fund firm Marshall Wace, with $55 billion in assets, is reportedly gearing up to launch a portfolio investing in the crypto sector. London-headquartered hedge fund firm Marshall Wace is planning investments in the crypto sector, the Financial Times reported Tuesday. Founded by Sir Paul...
Musk Trolls Buffett With Fake Quote on Twitter, Then Deletes It
6.7.2021
Elon Musk went after Bitcoin hater Warren Buffett recently, sharing what looked like a bullish crypto quote attributed to the billionaire investor. The tech entrepreneur, whose comments on social media have been moving crypto markets this year, later removed the post with the obviously fake Buffett...
India’s Finance Minister Says Crypto Bill Ready for Cabinet
6.7.2021
India’s finance minister has provided a status update on the country’s cryptocurrency bill that the government has been working on. “We have done a lot of work on it. We have taken stakeholders’ inputs,” she was quoted as saying. Status of Indian Crypto Bill Indian...
KuCoin Completes the APENFT (NFT) Airdrop Program
6.7.2021
APENFT (NFT) is supported by KuCoin for its airdrop program related to the following token holders: JST (JUST), BTT (BitTorrent), and TRX (TRON). The very first airdrop has already been completed, and the following arrangements have been proposed: JST:NFT = 1:202.01818182 BTT:NFT = 1:3.03027273...
Bithumb Hong Kong subsidiaries reportedly face civil suit from Thai partner
6.7.2021
A Thai firm claims that Bithumb’s Hong Kong subsidiaries caused them serious damage by unilaterally halting its business in Thailand
AAVE price hits 3-week high as ‘Aave Pro’ debuts for institutional lending
6.7.2021
Aave's gains also coincide with a sharp upside momentum across the cryptocurrency market
Bybit crypto exchange to impose KYC rules
6.7.2021
The world’s fifth-largest cryptocurrency derivatives exchange is implementing KYC rules to improve security compliance