Italian securities regulator Consob is shutting down 8 FX and crypto websites for providing illegal products and services. Italy’s securities regulator has shut down six foreign exchange websites and two crypto investing and derivative trading sites. According to Finance Magnates’ Feb. 10 report, the Commissione Nazionale per le Società e la Borsa (CONSOB) has accused […]
Continue Reading
Huobi joins Binance and LG Electronics as a member of the Klaytn Governance Council, a part of Kakao’s public blockchain project. Huobi is the latest firm to join the Klaytn Governance Council, a part of Kakao’s public blockchain project which runs its distributed network under the shared governance. The council grows According to an early […]
Continue Reading
Hearings in the Indian Supreme Court have opened a discussion between the crypto space and lawmakers on the tech’s potential in the country. India has developed a somewhat paradoxical relationship with cryptocurrencies, blockchain and other emerging technologies. On one hand, the Indian government is a huge proponent of distributed ledger technology, with several government-led initiatives […]
Continue Reading
Major United Kingdom-based crypto firm Blockchain.com has led a funding round in its exchange partner Wintermute Trading. Popular cryptocurrency wallet service and blockchain data provider Blockchain.com has led a funding round in its exchange partner Wintermute Trading. Wintermute Trading, a United Kingdom-based algorithmic trading firm, has completed a seed funding round led by Blockchain.com’s venture […]
Continue Reading
Thickening regulations may drive crypto firms out of the EU, the rest will have to comply with “unclear and fragmented” laws for benefits in the long run. The European Union lately has been a hotbed for political and regulatory developments that could have a considerable impact on the day-to-day operations of the continent’s financial service […]
Continue Reading
Bitcoin price reached $10K over the weekend but as its dominance rate dropped many altcoins have continued to post triple-digit gains, namely BNB, XTZ and LSK. Over the weekend Bitcoin (BTC) bulls showed impressive strength as the price punched through $10,000 for the first time in 2020. Interestingly, not only Bitcoin forks have been performing […]
Continue Reading
Ukrainian authorities said that crypto mining does not require regulatory activity from governmental oversight bodies or other third-party regulations. Ukrainian authorities said that crypto mining does not require regulatory activity from governmental oversight bodies or other third-party regulations. In its manifest on virtual assets published on Feb. 7, the Ministry of Digital Transformation of Ukraine […]
Continue Reading
Italian crypto exchange Altsbit announced that it will close in May 2020 after losing about $70,000 in a hack on Feb. 5. Altsbit, a small cryptocurrency exchange that lost “almost all funds” in hack on Feb. 5, will shut down its services in May 2020. After Altsbit first reported on the hack on Twitter on […]
Continue Reading
A lot of cryptocurrency holders prefer to use crypto for daily transactions. Have they been disappointed by businesses? There are many reasons why people own cryptocurrencies. One is to store cryptocurrencies as value due to the limited supply of coins like Bitcoin. Some people store cryptocurrency for speculation — meaning they aim to make a […]
Continue Reading
Leading stablecoin operator Tether launched its U.S. dollar-backed stablecoin USDT on the Algorand proof-of-stake blockchain. Leading stablecoin operator Tether launched its U.S. dollar-backed stablecoin USDT on the Algorand proof-of-stake (PoS) blockchain. In a press release on Feb. 10, Tether announced that USDT on Algorand will feature confirmation times as low as four seconds and transaction […]
Continue Reading