Search
Bybit Extends Its Reach With Spot Trade Offering
17.7.2021
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...
Report: Tweaks to South African Tax Filing System to Result in Decreased Crypto Arbitrage
17.7.2021
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...
Data Shows Decentralized Finance Took a Hit in Q2 but Is Still Booming
17.7.2021
While decentralized finance took a hit in Q2, stats still show there is an important movement in these protocols. Data taken from Messari’s Q2’21 defi review show that decentralized exchanges are busy settling important numbers. Decentralized Finance Bruised but Still Up...
Visa, Mastercard Monitor Binance’s Regulatory Compliance as More Regulators Scrutinize the Crypto Exchange
16.7.2021
Payments giants Visa and Mastercard say they are monitoring Binance’s regulatory compliance developments as more regulators come after the global crypto exchange for operating in their countries without authorization. Visa, Mastercard Monitoring Binance’s Regulatory Troubles Visa...
Success in DEX? Fast-growing crypto exchanges may hurt DeFi investors
16.7.2021
As DEXs continue to accrue billions of dollars in TVL within days of their launch, some question whether they are manipulating their numbers
Indian high court seeks ad disclaimers from crypto exchanges
15.7.2021
India’s Delhi High Court is looking to put a clear voiceover and a disclaimer covering 80% of the screen on crypto ads on national TV
Bingbon Adds Ruble, Hryvnia, and Tenge Support in Bid to Expand Geographical Presence
15.7.2021
A tie-up between payment processor Advcash and Bingbon will help the social cryptocurrency trading exchange extend its services to Ukraine, Kazakhstan, and Russia through a newly introduced fiat on and off-ramp. Eastern European Fiat Support Echoes Regional Crypto Adoption Outside of North America...
Cryptocurrency Trading Volumes Decreased 40% in June
14.7.2021
Cryptocurrency trading volumes decreased significantly in June according to data from Cryptocompare, a price and volume tracking organization. Volumes traded diminished by at least 40% month-on-month, with spot and derivatives trading both suffering due to the mining and trading crackdown in China...
Why Governments Are Cracking Down On Crypto Exchanges?
13.7.2021
2020 was a tremendously difficult year for countries around the world. While lockdowns forced a decline in economic growth, investors searching for inflation hedges resulted in asset prices taking off like a rocket. As money printing accelerated, crypto prices rocketed to the moon, up from lows...
AML compliance mandatory for foreign crypto exchanges, says Korean regulator
13.7.2021
South Korea’s strict crypto regulatory oversight is now extending to overseas exchanges that offer cryptocurrency trading services denominated in the country’s currency
Korean Regulators Want to Police All Int’l KRW Trading Crypto Exchanges
13.7.2021
All crypto exchanges must apply for trading permits if they are targeting South Korean investors – no matter where in the world they are based, according to Eun Sang-soo, the head of the South Korean Financial Services Commission (FSC), the top regulator for the financial and crypto industries.
As...
Traders are withdrawing 2,000 BTC from centralized exchanges daily
13.7.2021
Surging BTC outflows from centralized exchanges suggest the Bitcoin markets could be in an accumulation
Crypto diversification signs, Exchanges Secure Banking Contracts + More News
12.7.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
_____
Investments news
Last week was the quietest trading week since October 2020 as digital asset investment products saw minor outflows, totaling...
Nigeria’s June P2P Bitcoin Trade Volumes Surged Again Despite Central Bank’s Crypto Restrictions
12.7.2021
Nigeria’s peer-to-peer bitcoin trade volumes went up to just under $38 million in June 2021, the latest data shows. This surge becomes only the second time Nigerian P2P traded volumes have breached the $35 million mark in 2021. March 2021 is the only other period when P2P bitcoin traded...
FBI Warns Digital Currency Exchanges and Crypto Owners of Possible Threats
12.7.2021
The U.S. Federal Bureau of Investigation (FBI) issued an industry-wide warning about possible attacks on exchanges and crypto holders this week. The institution declared that there are threats actively tracking virtual asset platforms in order to take hold of these assets, causing financial losses...
Crypto.com Becomes Malta’s First Licensed Digital Currency Exchange to Offer Bank Transfers
11.7.2021
The digital asset trading platform Crypto.com has announced the firm has become the first global cryptocurrency exchange to obtain an Electronic Money Institution (EMI) license from the Malta Financial Services Authority (MFSA). According to the announcement, Crypto.com’s EMI license will...
Crypto exchanges: Bridging the gap between sovereignty and performance
11.7.2021
The crypto dream is to make the exchange of value global and frictionless, but security and scalability concerns are driving constant trade-offs
NCLA Files Appeal Against the IRS — Law Firm Claims Tax Agency Unlawfully Seizes Crypto Data of Thousands
10.7.2021
On Friday, the public interest law firm New Civil Liberties Alliance (NCLA) filed an opening brief in the cryptocurrency case of James Harper v. Charles P. Rettig. The NCLA argues that Harper’s Fourth and Fifth Amendment constitutional rights were violated by the Internal Revenue Service...
Bullish Cryptocurrency Exchange Prepares to Launch and Go Public on NYSE
10.7.2021
Crypto startup Bullish has announced its plan to go public on the NYSE as it gets ready to launch a cryptocurrency exchange. The Bullish exchange aims to be a “revolutionary, regulated cryptocurrency exchange that offers deep, predictable liquidity for investors to generate yield from their...
S Korean Banks to Probe Exchanges’ Privacy Coin Policies in Risk Checks
10.7.2021
South Korean banks are set to take into account crypto exchanges’ privacy coin policies, the nationality of their customers, and the criminal history of employees, classing these as “high priority” items when conducting risk assessment checks on whether to partner with trading platforms.
As...