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Full Ban on Crypto in Russia Would Be Counterproductive, Rosfinmonitoring Says
11.12.2022
Russian citizens and businesses already own cryptocurrencies, which is why a complete crypto ban would be counterproductive, according to a top executive of Rosfinmonitoring, Russia’s financial intelligence agency. At the same time, the regulator supports prohibiting payments with digital coins...
This Week XRP Whales Moved Millions of Tokens to Exchanges and Unknown Wallets
10.12.2022
During the past 30 days, the crypto asset xrp has gained more than 17% in value against the U.S. dollar. Meanwhile, the crypto community has been noticing significant xrp whale movements during the past week as one whale moved 143,000,000 xrp worth more than $55 million on Dec. 9, and another whale...
Bank of Russia Backs Crypto Mining Bill But Insists Minted Coins Should Be Exported
10.12.2022
The monetary authority in Moscow has expressed support for the latest legislative attempt to legalize cryptocurrency mining. However, the regulator wants the extracted digital currency to be sold outside the country or only under special legal regimes in Russia, as an exception. Russia’s Central...
Binance and Crypto.com Publish Proof-of-Reserve Audits Conducted by Global Auditor Mazars Group
10.12.2022
This week two cryptocurrency exchanges provided proof-of-reserves in order to highlight that the trading platforms are backing customer assets 1:1. Binance published its report on Dec. 7, 2022, and detailed the global auditor Mazars Group conducted the audit. On Dec. 9, 2022, the exchange...
Varun Kumar, CEO of Hashflow, on Decentralized Exchanges, AI, and the Future of ETH | Ep. 185
9.12.2022
In an exclusive interview with cryptonews.com, Varun Kumar, CEO of Hashflow, talks about the current state of crypto, growing decentralized exchanges, and the next steps for Ethereum.
Varun Kumar is the Co-Founder and CEO of Hashflow, a decentralized exchange designed for users to trade...
South Korean Court Denies Injunction Against Crypto Exchanges for Delisting Metaverse Token Wemix: Report
8.12.2022
The Wemix token is trading 90% lower than this time last month after it was delisted by several exchanges
Hong Kong to subject crypto exchanges to the same laws governing TradFi
8.12.2022
The new legislation will bring a licensing regime for the virtual asset service providers requiring them to pass strict AML and money laundering guidelines
Mad Money’s Jim Cramer Advises Investors to Get out of Crypto — Says ‘It’s Never Too Late to Sell’
8.12.2022
The host of Mad Money, Jim Cramer, has advised investors to sell their crypto, emphasizing that “it’s never too late to sell an awful position.” Regarding FTX, Cramer predicted that the collapsed trading platform “won’t be the last of these crypto exchanges to...
Chainlink ‘Smart Money’ Might Be Pulling LINK Tokens Off Exchanges to Stake Them
5.12.2022
The blockchain analysis firm Nansen says that some crypto traders appear to be withdrawing the LINK tokens en masse ahead of Tuesday’s opening for early access to Chainlink’s new staking program
Report: AAX Users Storm Crypto Exchange’s Nigerian Offices, Attack Employees
4.12.2022
Nigeria users of the crypto exchange AAX, which suspended withdrawals on Nov. 12, reportedly stormed its offices in Lagos and began assaulting employees. Reports that disgruntled AAX users have harassed the crypto exchange’s workers came just days after the Nigerian crypto and blockchain...
US Senator: Bitcoin Is a Commodity — ‘There Is No Dispute About This’
3.12.2022
U.S. Senator John Boozman says bitcoin, although a cryptocurrency, is a commodity in the eyes of the federal courts and the Securities and Exchange Commission (SEC) chairman. He stressed that exchanges where commodities are traded, including bitcoin, must be regulated and the Commodity Futures...
US Regulator CFTC Met With Sam Bankman-Fried 10 Times Before Crypto Exchange FTX Collapsed
2.12.2022
The chairman of the Commodity Futures Trading Commission (CFTC) has revealed that he and his team met with Sam Bankman-Fried and other FTX executives 10 times before the crypto exchange filed for bankruptcy. The regulator sees the FTX collapse as “a classic run based on liquidity...
Proof-of-Reserves Are at ‘Best Incomplete, at Worst Misleading and Deceptive’ Says Crypto Analyst Martin Hiesboeck
2.12.2022
While many crypto exchanges have seemingly embraced the use of proof-of-reserves (PoR) to showcase their transparency and reassure nervous users, crypto analyst Martin Hiesboeck insists such so-called proofs are susceptible to manipulation or misrepresentation. He added that PoRs alone are not...
Kevin O’Leary, Bill Ackman Slammed for Defending Sam Bankman-Fried — ‘I Think SBF Is Telling the Truth’
2.12.2022
Shark Tank star Kevin O’Leary and billionaire hedge fund manager Bill Ackman have been slammed for stating that they believe Sam Bankman-Fried (SBF) was telling the truth that he “didn’t knowingly commingle funds.” The former CEO of the collapsed crypto exchange FTX also...
Bitcoin Family Says They Are Moving $1M in Crypto to Decentralized Exchanges After FTX Collapse
1.12.2022
In October 2017, Netherlands native Didi Taihuttu and his family sold all their valuable belongings and their house for bitcoin. The decision paid off and the Taihuttu family has traveled all around the world and recently moved to the island of Phuket. On Nov. 30, the 44-year-old Didi Taihuttu told...
Binance Acquires Licensed Japanese Crypto Exchange — Prepares to Enter Japan as Regulated Entity
1.12.2022
Cryptocurrency exchange Binance has acquired a regulated Japanese cryptocurrency exchange and is now preparing to enter the Japanese crypto market as a regulated entity. “The Japanese market will play a key role in the future of cryptocurrency adoption,” said the general manager...
Crypto Exchanges Nexo and Gemini Expand to Italy, Register With Regulator
30.11.2022
Entry into Italy's registry for virtual currency operators is mandatory to operate in the country
Crypto Exchanges Huobi, Poloniex to Form 'Strategic Partnership'
30.11.2022
Cryptocurrency exchange Huobi has said it will form a "strategic partnership" with Poloneix, following rumours last week that the two firms were planning to merge
Report: Nigerian Securities Regulator to Exclude Crypto in its Digital Asset Agenda
30.11.2022
According to Lamido Yuguda, the director general of the Nigerian Securities and Exchange Commission, the regulator does not plan on including cryptocurrencies in its digital asset agenda. Yuguda reportedly said the commission will only change its stance on cryptos when Nigerian regulators agree...
Binance Acquires 100% of Japanese Crypto Exchange Sakura Exchange BitCoin – Here's Why
30.11.2022
Binance has acquired 100% of Sakura Exchange BitCoin (SEBC), a crypto platform registered in Japan, to enter the Japanese market in a regulated way.
In an announcement today, the world's largest cryptocurrency exchange said it will enter the Japanese market as a Japan Financial Services Agency...