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Singapore to License Digital Payment Providers, Approves Crypto Exchange
8.8.2021
The Monetary Authority of Singapore (MAS) has notified several providers of digital payment services that they will be licensed to operate in the city-state. The move, which comes after the approval of a crypto exchange for a license, secures Singapore’s status as Asia’s crypto...
Ukrainians to Trade and Spend Cryptocurrencies Legally, Digital Ministry Says
8.8.2021
Residents of Ukraine will be able to legally keep, exchange, and spend cryptocurrencies once the new virtual assets law is adopted. The legislation will comprehensively regulate the crypto space, possibly lower taxes for Ukrainians and create conditions for new services, a government official...
US SEC Shuts Down $30 Million Defi Money Market in First Decentralized Finance Bust
8.8.2021
The U.S. Securities and Exchange Commission (SEC) has taken its first enforcement action involving decentralized finance (defi). The commission has charged a defi platform and its executives for unregistered securities sales of more than $30 million and misleading investors. SEC’s...
Crypto community in shock over Brian Brooks’ resignation from Binance.US
7.8.2021
Changpeng Zhao said Brooks stepping down would not "impact Binance.US customers in any way." The cryptocurrency community has different thoughts
Binance US CEO Steps Down as the Crypto Exchange Faces Rising Regulatory Scrutiny
7.8.2021
Former acting Comptroller of the Currency Brian Brooks has resigned as the CEO of Binance U.S. after just over three months. He cited “differences over strategic direction.” Meanwhile, Binance is facing regulatory scrutiny worldwide, including in the U.K., Malaysia, Japan, Cayman...
Binance Restricts Crypto Derivatives Products in Hong Kong, Existing Positions Have 90 Days to Close
7.8.2021
Fresh off the heels of Binance’s last announcement to discontinue crypto derivatives offerings in Germany, Italy, and the Netherlands, the company revealed on Friday crypto derivatives products in Hong Kong will cease as well. Effective immediately, users won’t be able to open...
Bitfinex Introduces Margin Trading for AVAX and LUNA
6.8.2021
Bitfinex users can now use margin trading for Avalanche pairs (AVAX/USD or AVAX/USDt) and Terra pairs (LUNA/USD or LUNA/USDt). This new feature will become active from 2 pm UTC on August 5, 2021. The maximum leverage for these pairs will be 3.3 times. The initial margin will be 30%, and...
Bitcoin fractal that predicted 2020 rally flashes again as BTC price reclaims $40K
6.8.2021
The MACD indicator hints at a potential bullish crossover as Bitcoin price retests $40,000 as support
Does Delta Exchange Meet the Crypto Market’s Derivative Needs?
6.8.2021
Introduction Over the years, the crypto markets and exchanges have undergone several changes to promote the trading of cryptocurrencies. This was further enhanced with the arrival of decentralized finance (DeFi) and blockchain-based crypto trading. The crypto market is full of amazing services...
Huobi Stablecoin Issuer Publishes Attestation Reports Tied to HUSD Reserve Backing
6.8.2021
The crypto financial services company Huobi and the firm’s stablecoin issuer Stable Universal have published monthly HUSD attestation reports. The audits indicate the funds that back Huobi’s stablecoin are kept in cash in U.S. money market accounts in order to ensure the 1:1 ratio with...
Coinbase Enables Crypto Buys With Apple Pay, Instant $100K Cashouts, Google Pay to Follow
6.8.2021
The Nasdaq-listed cryptocurrency exchange Coinbase has enabled crypto buys with Apple Pay, and instant cashouts of up to $100,000 per transaction. The company will also soon enable crypto buys with Google Pay. Buy Cryptocurrencies on Coinbase With Apple Pay Crypto exchange Coinbase announced...
London is live and Ethereum bulls control Friday’s $357M ETH options expiry
5.8.2021
$357 million in ETH options expire on August 6 and bears don’t stand a chance given that every neutral-to-bearish put is underwater
Cryptocurrency Swap Not Banned in Iran, President’s Legal Team Says
5.8.2021
Current regulations do not prohibit the swapping of digital currencies, according to the Iranian Vice Presidency for Legal Affairs. The department has stated its position in correspondence with an ICT industry association which wanted to know what rules apply to cryptocurrency exchange, local media...
PlayDapp (PLA) Now Accessible on Coinbase
5.8.2021
The platform of PlayDapp (PLA) has now been made accessible at Coinbase. The users of Coinbase will now be able to engage in trading, sending, receiving, and storing PLA across the regions supported by Coinbase. With the availability of PlayDapp on Coinbase, traders shall also be able to trade...
Coinbase acquires crypto exchange data aggregator Zabo
5.8.2021
Zabo’s API integrations include more than 50 crypto exchanges and wallet services, including Coinbase’s rival Kraken
FTX wallet adds support for BUSD and BNB tokens on the Binance Smart Chain
5.8.2021
FTX wallets now actively support withdrawals for Binance USD (BUSD) and BNB, both native to the Binance Chain and will soon enable users to make deposits via BSC BEP20 tokens
SEC Has No Authority Over Pure Commodities Like Crypto Assets, Says CFTC Commissioner
5.8.2021
Both the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have claimed jurisdiction over the crypto industry. A CFTC commissioner clarified that pure commodities, including crypto assets, or their trading venues are not regulated by the SEC....
SEC Chair Gensler Outlines Plans for Crypto Trading, Exchanges, Investor Protection, Bitcoin ETFs
5.8.2021
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined how the SEC plans to regulate the crypto industry. Focusing on investor protection, Gensler discussed concerns the SEC has about crypto trading, exchanges, lending, defi platforms, and exchange-traded...
LCS Scores a Gold Advantage With FTX
4.8.2021
FTX is looking forward to extending its gold lead by becoming the official exchange forum for cryptocurrencies at LCS, according to FTX review reports. The partnership between FTX and LCS for seven years is considered the biggest sponsorship contract that was signed by Riot for esports leagues....
Alchemy Pay and Binance Partner to Drive Binance Pay Merchant Integration
4.8.2021
PRESS RELEASE. Singapore, August 3, 2021 – Binance, the world’s largest crypto exchange, has partnered with crypto-fiat hybrid payment solutions provider Alchemy Pay to build a payment bridge between crypto and fiat through the Binance Pay wallet. Binance Pay is a contactless...