Cryptocurrency Exchange

Binance will ‘work with regulators’ as it expands, says CEO

Changpeng Zhao, the chief executive officer of Binance, has said he wants the major cryptocurrency exchange to work with local regulators as it establishes regional headquarters. According to a Tuesday report from Reuters, Zhao, also known as CZ, hinted Binance would depart from its decentralized approach to finance and coordinate with regulators as the company …

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Altcoin roundup: Crypto credit cards could be the missing link to mass adoption

Out of the many routes available to the mass adoption of cryptocurrencies, which includes decentralized finance (DeFi), layer-one protocols, nonfungible tokens and stablecoins, perhaps the simplest and most applicable path for the public at large is the ability to utilize cryptocurrency for everyday purchases with an integrated debit or credit card. 2021 has seen a …

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Texas alleges that BlockFi is offering unregistered securities

The Texas State Securities Board has filed for a cease and desist order against crypto lending firm BlockFi for not offering a security licensed at the state or federal level. According to a Thursday filing, the state regulator will be holding a hearing related to allegations BlockFi is illegally funding its crypto lending operations and …

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South Korea to take action against unregistered crypto exchanges

The South Korean government announced today that crypto exchanges will face punishment if they have not voluntarily registered with the country’s authorities by September 24. This new set of regulations will reportedly affect both exchanges based in South Korea and foreign exchanges that operate in Korean markets. According to the release, that includes any exchange …

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NatWest cuts payment channels to Binance, citing regulatory uncertainty

NatWest, a major United Kingdom-based retail and commercial bank, has blocked all credit and debit card payments to crypto exchange Binance until further notice, multiple users on social media reported on Thursday. “With an increase in scams relating to cryptocurrency and regulatory uncertainty around Binance in the United Kingdom, we want to make sure that …

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Currency.com becomes executive member of self-regulating trade group CryptoUK

Crypto trading company Currency.com is joining CryptoUK, a self-regulatory trade association for the cryptocurrency industry in the United Kingdom.  In a Thursday announcement, CryptoUK said the firm would become an executive member in the regulatory group alongside Binance.UK, Crypto.com, CryptoCompare, Electroneum, eToro, Ripple, BCB Group, Outlier Ventures, and Simmons & Simmons. Executive members are responsible …

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BNY Mellon joins State Street to service new crypto exchange

Bank of New York Mellon is joining a new cryptocurrency initiative by offering its custody support to a new crypto exchange backed by the American bank State Street. According to a Wednesday report by the Financial Times, BNY Mellon has joined a consortium of six banks behind the launch of London-based Pure Digital, a new …

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FTX smashes crypto funding record with $900m raise to become exchange decacorn

FTX, the cryptocurrency derivatives exchange founded by Sam Bankman-Fried, has closed a $900 million funding round – highlighting once again that venture capitalists are shrugging off market turmoil in their quest to uncover quality blockchain plays. The Series B investment round had over 60 participants, including Softbank, Sequoia Capital, Coinbase Ventures, Multicoin, VanEck and the …

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Bithumb Terminates Trademark Agreements With 2 Foreign-Based Exchanges

<div class=”featured_image_container”> </div> <strong>Leading Korean crypto exchange Bithumb is terminating its trademark agreements with two coin trading platforms operating abroad under its brand name. The move comes as digital asset exchanges in South Korea prepare to comply with the country’s stricter regulations for the industry that will be enforced in September. </strong> Bithumb Global and …

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Historically low spot volumes and investor indecision weigh on Bitcoin price

If one word could be used to describe how the majority of participants in the cryptocurrency ecosystem feel about the near-term outlook for Bitcoin (BTC) it would be ‘undecided’, as mixed signals from all manner of indicators have many traders waiting for a significant move in either direction before planning their next entry point.  A …

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