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‘Arbitrary’ Ruling May ‘Force South Korean Crypto Exchanges to Close’


South Korean crypto-related firms said they are concerned that banks are being given too much power by the country’s financial regulators. In the latest regulatory rulings unveiled this week, regulators stated that banks would be obliged to decide whether or not they want to do business with crypto...

Japanese Exchange FXCoin and SBI to Pilot Crypto Remittance Platform


Japanese crypto exchange FXCoin is teaming up with a number of companies including the financial giant and exchange operator SBI to work on a price volatility-resistant cryptoasset remittance solution. Per Nikkei, the exchange will begin a pilot for its new solution later this month, with...

SEC Changes Rules, Making Fundraising Easier for Crypto Firms


The U.S. Securities and Exchange Commission (SEC) has amended some exemption rules, making it easier for crypto companies to raise funds. The rule changes raise fundraising limits for Regulation Crowdfunding, Regulation A, and Regulation D’s Rule 504 offerings. SEC’s New Rules Allow...

Trump & Biden Voters Put Crypto Predictions Markets To The Test Today


Though several prediction markets appeared in the Cryptoverse recently, today they are being tested with their first US presidential elections. On the day of the 2020 presidential elections in the US, the prediction market tables seem to have turned against the still-President Donald Trump,...

Ethereum Adoption by the Numbers: Flipside Crypto


Average of the past 21 days. 1. 30.5K New Contracts Are Created Daily  Any developer can deploy a new smartContinue Reading The post Ethereum Adoption by the Numbers: Flipside Crypto appeared first on CoinMarketCap Blog

PayPal CEO: Financial System 'Not Working,' Users 'Very Eager' For Crypto


Dan Schulman. Source: a video screenshot, Youtube/Axios Dan Schulman, CEO of online payments giant PayPal, has presented his diagnosis of the current financial system’s shortcomings, claiming it is inefficient and causing millions of people to be excluded, as the company expands into...

Hong Kong Amends Crypto Law to Regulate All Exchanges


Cryptocurrency regulation in Hong Kong is undergoing changes. The Securities and Futures Commission (SFC) is reportedly introducing a new licensing system to regulate all crypto exchanges operating in Hong Kong. Hong Kong’s New Crypto Regulation The CEO of the SFC, Ashley Alder, talked about...

Defi Index CVX Measures Crypto ‘Market Fear’ and Implied Volatility


The decentralized finance (defi) platform cvx.finance has launched the beta version of its “Crypto Volatility Index”, otherwise known as the “CVX.” The CVX is an index similar to the “Market Fear Index” (VIX) commonly used in traditional finance, but cvx.finance...

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