Advertisements The company, also under investigation in the U.S. and France, ceased its Australian derivatives business following regulatory warnings Binance Australia’s office was searched by the country’s financial regulator, the Australian Securities & Investments Commission (ASIC), on Tuesday, according to a report in Bloomberg. The report, citing anonymous sources, comes after the company’s derivatives licenseContinue reading “Binance Australia’s Offices Searched by Financial Regulator: Bloomberg”
Category Archives: Finance
Pepecoin Knockoffs Turn Dollars to Fortunes in Strange New ‘2.0’ Play
Advertisements Copies of several meme coins have popped across the board in a trend that’s likely to die out within weeks. The latest flavor of the month in some areas of the crypto market is to bet on microcaps that purport to be the second coming of popular meme coins for those who missed theContinue reading “Pepecoin Knockoffs Turn Dollars to Fortunes in Strange New ‘2.0’ Play”
Bitcoin Cash Futures Traders Lose Most in 2 Years as Prices Spike to $320
Advertisements South Korean trading volumes for the bitcoin offshoot token boomed last week, spurring a price spike last week. Traders betting against bitcoin cash (BCH) lost the highest amount in over two years amid a price spike to the $320 level last week, Coinalyze data shows. Shorts and longs cumulatively lost over $25 million onContinue reading “Bitcoin Cash Futures Traders Lose Most in 2 Years as Prices Spike to $320”
Singapore’s MAS Orders Crypto Firms to Keep Customer Assets in a Trust by Year-End
Advertisements The MAS has also restricted crypto service providers from facilitating lending and staking of tokens by their retail customers. Crypto service providers in Singapore would need to deposit customer assets under a statutory trust before the end of the year for safekeeping, the Monetary Authority of Singapore (MAS) announced on Monday. The requirement comesContinue reading “Singapore’s MAS Orders Crypto Firms to Keep Customer Assets in a Trust by Year-End”
SEC vs Coinbase Case Set for July 13 After Exchange’s ‘Creative’ Opening Response
Advertisements The date for the court hearing is much earlier than expected, prompted by a “creative” defense tactic by Coinbase – it filed its response 40 days before the deadline of August 7, 2023. The U.S. Securities and Exchange Commission (SEC) will present its response to Coinbase’s (COIN) first legal defense on July 13, accordingContinue reading “SEC vs Coinbase Case Set for July 13 After Exchange’s ‘Creative’ Opening Response”
Bitcoin Cash Tops $300 as South Korean Trading Volumes Surge
Advertisements The bitcoin cash-Korean won (BCH/KRW) pair listed on Upbit has registered a trading volume of $557.63 million in the past 24 hours. That’s nearly 3.5 times Bitcoin cash (BCH) continues to rally at a breakneck speed in the wake of Fidelity, Charles Schwab and Citadel-backed EDX Markets’ decision to debut on June 20, withContinue reading “Bitcoin Cash Tops $300 as South Korean Trading Volumes Surge”
Dollar weakens after ECB President’s comments
Advertisements The USD index, which compares the dollar to other major currencies, decreased 0.2% to 102.4918 during this session. The “hawkish” comments made by the ECB President during this session were an influence on the USD. Lagarde predicted that inflation in the Eurozone will continue to be too high for a very long time whileContinue reading “Dollar weakens after ECB President’s comments”
Bitpanda Pro Rebrands, Raises $33M in Peter Thiel-Led Round
Advertisements The crypto exchange has split from Bitpanda and now operates as One Trading. Austria-based One Trading, the digital asset exchange formerly known as Bitpanda Pro, has announced a successful €30 million (roughly $33 million) funding round as it separates entirely from Bitpanda. The new platform plans to expand its crypto asset offerings for retailContinue reading “Bitpanda Pro Rebrands, Raises $33M in Peter Thiel-Led Round”
EU Publishes Digital Euro Bill Featuring Privacy Controls, Offline Guarantee
Advertisements Officials want a digital payment system available to “everyone, everywhere, for free.” BRUSSELS, Belgium – The European Commission published its legislative plans to underpin a digital euro on Wednesday, saying it would ensure Europeans can pay digitally for free across the currency zone. The text, a version of which was seen by CoinDesk twoContinue reading “EU Publishes Digital Euro Bill Featuring Privacy Controls, Offline Guarantee”
VIB and American Express teaming-up to launch first white card called Super Card
This cashback white card gives customers the freedom and flexibility to choose how they earn their rewards based on their lifestyle and needs.
Crypto Bankruptcy Investor Ouroboros Eyes Smaller Claims
Advertisements The platform automates the due diligence process for buying cryptocurrency bankruptcy claims in firms like FTX or Celsius, providing previously missing liquidity for creditors owed around $50,000. Boutique investment firm Arceau has developed a platform to automate the process of verifying cryptocurrency bankruptcy claims in firms like FTX or Celsius, allowing it to buyContinue reading “Crypto Bankruptcy Investor Ouroboros Eyes Smaller Claims”
Avalanche-Backed Web3 Gaming Studio Pixion Games Closes $5.5M Seed Round
Advertisements The funds will go towards building out Fableborne, the studio’s flagship Web3 game. Web3 gaming studio Pixion Games has raised $5.5 million in seed funding to build out Fableborne, the developers’ flagship game. The round saw participation from a handful of notable investors including the Avalanche Foundation’s Blizzard Fund, investment firm Shima Capital, gamingContinue reading “Avalanche-Backed Web3 Gaming Studio Pixion Games Closes $5.5M Seed Round”
Japanese Crypto Issuers Won’t Pay Taxes on Unrealized Gains, Govt. Clarifies
Advertisements Token issuers in the country were taxed for unrealized gains from holding on their own tokens. Japan’s National Tax Agency has clarified that crypto issuers in the country will not have to pay capital gains taxes on unrealized gains, in a June 20 notice. The country’s ruling Liberal Democratic Party (LDP) tax committee approvedContinue reading “Japanese Crypto Issuers Won’t Pay Taxes on Unrealized Gains, Govt. Clarifies”
U.S. Has Room for a Compliant Crypto ETF to Grow Market Share as a Bitcoin On-Ramp: Bernstein
Advertisements Grayscale earns around $380 million in annualized fees despite its GBTC product being inefficient, illiquid and trading at a discount, the report said. The largest bitcoin (BTC) asset management product is Grayscale, which runs a $19 billion BTC trust (GBTC), but its dominant position may be under threat following news that investment giant BlackrockContinue reading “U.S. Has Room for a Compliant Crypto ETF to Grow Market Share as a Bitcoin On-Ramp: Bernstein”
Only Bitcoin Miners With Low Power Costs and High Sustainable Energy Mix Will Survive: JPMorgan
Advertisements Electricity costs played a vital role in the past year’s bear market as miners struggled to stay in business, the report said. Bitcoin (BTC) miners with low electricity costs and a high sustainable energy mix are the only ones likely to survive in a progressively more competitive environment, JPMorgan (JPM) said in a researchContinue reading “Only Bitcoin Miners With Low Power Costs and High Sustainable Energy Mix Will Survive: JPMorgan”