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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
Lithuania Issues Warning to Binance, Warns Investors Crypto Services Are Not Regulated
16.7.2021
Binance’s regulatory troubles continue with Lithuania being the latest country to issue a warning about the cryptocurrency exchange. Lithuania’s announcement came one day after Italy issued a similar warning. Lithuania Warns Binance Lithuania’s central bank announced Friday that...
Binance stops stock token sales, 'effective immediately'
16.7.2021
The crypto exchange gave no indication as to the reason, stating only that it would be shifting its "commercial focus to other product offerings."
Crypto offers more freedom, Coinbase CEO responds to DOGE creator
16.7.2021
Crypto is a “much-needed breath of fresh air” for those who believe that state solutions are often “inefficient, overpromise or underdeliver,” Brian Armstrong said
China's central bank says crypto gave impetus to the creation of its CBDC
16.7.2021
A working paper released in English by the People's Bank of China cites cryptocurrencies as an important context for the digital yuan's development and reveals that the digital currency will use smart contracts to allow for programmability
Japan to reportedly take action to scrutinize crypto globally
16.7.2021
Japanese Ministry of Finance is hiring more staff to develop stricter global rules for digital currencies, particularly fiat-pegged stablecoins
Hong Kong Busts Money Laundering Ring Using Tether to Wash Millions
16.7.2021
Authorities in Hong Kong have arrested four people suspected of money laundering a total of $155 million through cryptocurrency wallets and bank accounts. The city’s customs agency said this was its first case in which virtual money had been used to launder dirty cash. Money Laundering...
Shapeshift to Dissolve Corporate Model, Platform Airdrops FOX Tokens to Community of Users
16.7.2021
Founded on July 1, 2014, Shapeshift has been offering global trading of a variety of digital assets for seven years. Following the company’s recent anniversary, it announced Shapeshift is evolving into a community-owned decentralized platform. Shapeshift founder Erik Voorhees explained in...
Dogecoin Co-Founder Criticizes Crypto World, States It Is Managed by Powerful Cartels
16.7.2021
In a recent twitterstorm, Dogecoin founder co-founder Jordan Palmer stated he wouldn’t return to the cryptocurrency world. Palmer unleashed harsh criticisms of the cryptocurrency industry, calling it “hyper capitalistic,” and managed by “powerful cartels” of wealthy...
Swiss State Secretariat Helps Blockchain Incubator Firm Set Up Base in South Africa
16.7.2021
Switzerland’s State Secretariat for Economic Affairs (SECO) is reportedly helping Crypto Valley Venture Capital (CVVC), a blockchain business incubator, set up an office in South Africa. According to SECO, this move fits with Switzerland’s policy of supporting private firms that seek...
Former US Treasury Secretary Mnuchin Says His View on Bitcoin ‘Has Evolved’
16.7.2021
Former U.S. Treasury Secretary Steven Mnuchin says his viewpoint on bitcoin “has evolved a little bit.” While he personally does not want to have bitcoin in his portfolio, he says if people want to buy the cryptocurrency, “that’s perfectly fine.” Mnuchin Says...
Shanghai Man: Crypto media closes, bad news just repeats, mining laws are beneficial?
16.7.2021
With government officials trying to clean up the image of China prior to the start of the Winter Games, miners are leaving in droves and media group Bishijie has been forced to close down
Spike Lee Directs ‘Old Money Is Out, New Money Is In’ Commercial for Cryptocurrency ATMs
16.7.2021
Award-winning director Spike Lee has teamed up with bitcoin ATM operator Coin Cloud on a multimillion-dollar crypto campaign. “Digital currency is viable for not just people of color, but anybody who has been historically excluded from traditional financial systems,” said the famed...
Here’s 2 ways clever pro traders spot crypto and stock price reversals
16.7.2021
Many successful traders look for double bottom and W bottom reversal patterns on technical charts in order to spot powerful price reversals
Paypal Raises Weekly Cryptocurrency Purchase Limit to $100K, Removes Annual Limit
16.7.2021
Payments giant Paypal has increased its weekly purchase limit for cryptocurrencies and has removed the annual limit altogether. The company said, “These changes will enable our customers to have more choice and flexibility in purchasing cryptocurrency on our platform.” Paypal Increases...
LBank Recruits Global Elites to Share Crypto Growth Dividends
16.7.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Internet City, Dubai — As an innovative global trading platform for various crypto assets, founded in 2015. LBank officially launched the Global Ambassadors Recruitment at the end of June in 2021. LBank provides...
Financial Report Shows Bit Digital Is Transferring 14,500 Bitcoin Miners From China to the US
15.7.2021
Following the bitcoin mining crackdown in China, the Nasdaq-listed firm Bit Digital published a second-quarter bitcoin production and mining operations update and noted the company is moving 14,500 bitcoin miners from China to the United States. Bit Digital says after the Chinese government’s...
PayPal increases crypto purchase limits to $100K
15.7.2021
The company said the move was aimed at giving customers “more choice and flexibility" to purchase crypto
Crypto Derivatives Giant Bybit Enters Spot Trading With More Products In Pipeline
15.7.2021
Ben Zhou. Source: A video screenshot, Youtube/Bybit
Major crypto derivatives exchange ByBit launched a spot trading pilot today and they have more products in the pipeline amid growing competition in the sector, Ben Zhou, the CEO of the company, told Cryptonews.com.
According to him, the platform...
UK's FCA Targets Young Crypto Investors, DeFi Hacks + More News
15.7.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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The UK Financial Conduct Authority (FCA) has created a GBP 11m (USD 15.3m) digital marketing campaign to warn its younger...