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Bitcoin not a currency? South Africa to regulate crypto as financial asset

13.7.2022
South Africa’s Reserve Bank will regulate cryptocurrencies as financial assets, and new laws are expected over the next 12 months

Crypto winter presents an opportunity amid chaos, says asset group exec

13.7.2022
Alex Tapscott told Cointelegraph that bear markets lead to great ideas being formed and new businesses being built

US Treasury calls for public comment on digital asset policy, following Biden's executive order

12.7.2022
President Joe Biden's executive order on crypto from March directed the Treasury Department to take the lead among other government agencies in developing policy recommendations

Rebase Token Economy Dropped From $8 Billion to $577 Million in 7 Months

11.7.2022
Seven months ago, the top rebase crypto tokens by market capitalization were collectively worth $8.03 billion and since then, the entire rebase token economy has lost more than 92%, dropping to $577 million. Olympus has dropped 99% since the asset’s all-time high (ATH), klima dao shed 99.9%...

Dutch bank ING sells digital asset tool Pyctor to GMEX

11.7.2022
GMEX has acquired ING’s Pyctor business to connect CeFi and Defi amid the increasing demand for hybrid finance

Top 100 Apecoin Holders Control Over 51% of the Supply, APE Lost 81% in 2 Months

10.7.2022
Back in mid-March 2022, Bored Ape Yacht Club’s (BAYC) Apecoin DAO launched and airdropped millions of apecoin tokens to specific NFT holders. The crypto asset dedicated to the BAYC ecosystem tapped an all-time high two months ago reaching $26.70 per unit on April 28. However, apecoin is down...

70 to 90% Down — Crypto Economy’s Decline Shakes Out $2 Trillion in 8 Months

10.7.2022
During the past eight months, crypto assets have shed enormous value against fiat currencies like the U.S. dollar. Bitcoin has shed 69% since the leading crypto asset’s all-time high on November 10, 2021, when the digital currency’s value tapped $69K per unit. The crypto economy...

LYO Credit (LYO) Is Now Available for Trading on LBank Exchange

10.7.2022
PRESS RELEASE. INTERNET CITY, DUBAI, Jul. 10, 2022 – LBank Exchange, a global digital asset trading platform, has listed LYO Credit (LYO) on July 7, 2022. For all users of LBank Exchange, the LYO/USDT trading pair is now officially available for trading. Bringing the crypto world into...

Fidelity Analyst: Bitcoin Is Cheap — Ethereum Could Be Near Bottom

10.7.2022
Fidelity’s director of Global Macro has shared his bitcoin and ether price outlook. His analysis shows that bitcoin is cheap but ether could be even cheaper. “Ethereum could be close to a bottom,” he added. Fidelity’s Director on Bitcoin and Ether Price Outlook Jurrien...

Report: South African Firm Launches ‘Crypto Water Token’ — Receives Investment of $150M

9.7.2022
The South African company behind the so-called “crypto water token” is reported to have secured an investment of $150 million from a Bahamas-based digital asset management company, GEM Digital. Initially available on decentralized exchanges only, the H2ON token was recently listed...

Report: Nigerian Fintech Giant Flutterwave Accused of Laundering Money, More Than 50 Bank Accounts Frozen

8.7.2022
A Kenyan agency charged with tracing and freezing proceeds of crime said it recently obtained an order giving it the authority to freeze bank accounts belonging to Nigerian fintech Flutterwave. The agency alleges that Flutterwave is not providing merchant services as per claims, but is instead...

Survey shows 55% of crypto investors chose to HODL as Bitcoin and altcoin prices collapsed

7.7.2022
Retail investors have been wary of buying the current BTC dip, but survey data shows that 55% of those already invested in crypto chose to HODL during the most recent volatility

Russian State Duma Adopts Law Banning Payments With Digital Financial Assets

7.7.2022
The lower house of Russian parliament has adopted a law prohibiting the use of digital financial assets in payments. To implement the restriction, exchange operators have been obliged to reject transactions which make it possible to employ these assets as a means of payment. Russian Parliament...

Report: Nigerian Central Bank Incentive Scheme Failed to Halt Naira Depreciation

7.7.2022
The Central Bank of Nigeria (CBN)’s attempt to incentivize the country’s forex market through the so-called “Naira for Dollar” scheme has failed. This is evidenced by the local currency’s plunge of more than 25% since the launch of the incentive scheme in March...

Zimbabwe Central Bank: Gold Coin Sales to Commence in Late July

7.7.2022
Starting on July 25, the Zimbabwean public will be able to buy and hold gold coins which weigh one troy ounce each. In addition to their use as an alternative store of value, the central bank says the coins can be traded and used as “security for loans and credit facilities.” Coins...

Belgian regulator reviews crypto asset classifications while awaiting harmonization

6.7.2022
The Belgian Financial Services and Markets Authority created a chart to differentiate crypto asset securities, investment instruments and financial instruments

LBank Exchange Will List IX Token (IXT) on July 7, 2022

6.7.2022
PRESS RELEASE. INTERNET CITY, DUBAI, Jul. 6, 2022 – LBank Exchange, a global digital asset trading platform, will list IX Token (IXT) on July 7, 2022. For all users of LBank Exchange, the IXT/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on July 7, 2022. As...