The Australian Securities and Investments Commission (ASIC) filed a lawsuit against the trading platform eToro, alleging that its contract for difference (CFD) product could harm investors. That type of monetary tool is a leveraged derivative contract that enables customers to speculate on the prices of equities, commodities, stock market indices, and digital assets. The platform...Read More
Bankrupt cryptocurrency exchange FTX has filed a motion to remove its Dubai unit from the ongoing bankruptcy proceedings in the United States. According to a document submitted to the U.S. Bankruptcy Court for the District of Delaware, FTX Dubai did not conduct any business activities in the United Arab Emirates (UAE) before the global entity...Read More
Crypto trading platform Bitstamp has introduced an XRP lending service offering a “permanent” 2% yield, shortly after relisting the asset for trading last month. This puts XRP on an already sizable list of coins viable for 2% APY on Bitstamp, including Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and Tether USD (USDT). Permanent Yield On...Read More
The Tel Aviv Stock Exchange (TASE) inked a deal with the crypto custodian Fireblocks to offer “a comprehensive range of innovative and secure digital asset products and services.” Israel’s only public stock exchange labeled the partnership as “crucial in the new era of innovation” since it could boost the future advancement of the cryptocurrency sector...Read More
The X Project, a community-driven cryptocurrency, is igniting the crypto world with its quest for financial freedom. Drawing inspiration from the enigmatic letter “X,” The X Project has captured the imagination of crypto enthusiasts worldwide. Exciting news continues to pour in for The X Project, which achieved remarkable milestones that underscore its potential for success...Read More
Records show one of United States President Joe Biden’s Senate closest allies placed a substantial financial wager against the country’s economy last month. The latest development comes amidst mounting regulatory pressures on the cryptocurrency industry by the US regulatory watchdogs that have argued that the asset class poses a serious threat to the economy. Shorting...Read More
Crypto exchange Coinbase has revealed its launch date for Base – the Ethereum layer 2 blockchain designed to make transactions faster and cheaper than the underlying network. As of today, users can begin bridging ETH to base, with dapps “across the on-chain ecosystem” starting to enable Base support. Base: A Bridge To Crypto As published...Read More
[Press Release – London, United Kingdon, August 3rd, 2023] CoinMarketCap, the leading platform for cryptocurrency data, announces the launch of its groundbreaking CMC Crypto Fear and Greed Index. Designed to meet a crucial market need, this innovative index provides a wide-ranging and quantifiable assessment of fear and greed for the entire cryptocurrency industry. Amid recent...Read More
BTC is up 80%+ from recent lows. ETH is up 60%. Meanwhile, some crypto stocks are up by quite a bit more. A U.S. court ruling this week siding with the SEC is an understandable time for markets to chill. Way back in July, US News suggested seven crypto stocks to buy. The paper touted...Read More
Ethereum’s legal status has been a subject of intense scrutiny and uncertainty within the United States, giving rise to debates and concerns in the cryptocurrency community. While XRP has secured its place in the legal framework, Ethereum’s position as a non-security remains unclear. This uncertain legal environment has ramifications not just for Ethereum, but for...Read More
FTX seems to be the story that keeps on giving as more and more information gets revealed following the downfall of what was one of the world’s largest crypto empires. Now, a new report indicates that a number of cryptocurrencies that were traded by Alameda Research saw their price pumped by bots. An Army of...Read More
Fitch downgraded the U.S. government’s credit rating Tuesday, citing the national debt and deteriorating politics. Bitcoin is already looking good this year with the NFTs. But this really puts the shine on BTC. One of the “Big Three” credit ratings companies, Fitch, notched the United States’ rating down from AAA to AA+ this week. Only...Read More
HashKey Exchange has become the recipient of Hong Kong’s first license for a cryptocurrency exchange dedicated to serving retail customers. The development comes as part of the city-state’s recently implemented crypto regulations, which are designed to establish Hong Kong as a prominent crypto hub. HashKey Exchange said that it is already an existing Type 1 and...Read More
[Press Release – Singapore, Singapore, August 3rd, 2023] The globally leading digital asset trading platform Huobi has announced a profound collaboration with data service provider AICoin. The goal is to fully integrate API trading functionality and jointly build a more robust digital asset trading ecosystem, providing users with a convenient and efficient trading experience. As...Read More
On Aug. 2, Changpeng “CZ” Zhao said he wanted to “share this (luckily) unsuccessful, but very clever and close scam incident from yesterday. It saved $20 million, he said before adding, “hope it may also save you one day.” Scammers are becoming more sophisticated, and their latest weapon is the generation of addresses with the...Read More
Popular digital asset custodian, Hex Trust, announced obtaining Digital Asset Service Provider (DASP) registration granted by Autorité des Marchés Financiers (AMF) and Autorité de Contrôle Prudentiel et de Résolution (ACPR) in France. The development comes amidst escalating regulatory tensions in the United States, which has prompted a number of crypto firms to strategically relocate or...Read More
