Binance’s new Chinese website gets an approval from the China’s Ministry of Industry and Information Technology. Binance, the world’s largest cryptocurrency exchange and owner of crypto pricing website CoinMarketCap, is getting closer to one of the most crypto-sceptical jurisdictions in the world, China. After leaving the country amid a nation-wide crypto ban in 2017, Binance […]
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An investigation that involved several U.S. federal agencies led to the bust of the darknet operators and seizure of $22 M in cryptocurrency. May 19, the Financial Crimes Enforcement Network (FinCEN) awarded several federal agencies in the United States, whose joint probe led to the seizure of $22 million worth of cryptocurrency from the darkenet […]
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BlockFi disclosed a data breach that potentially leaked physical addresses and account activity of its customers, highlighting the risks of KYC finance platforms. The crypto lending provider BlockFi reported on May 19 to have suffered a data breach that may put some of its clients in physical danger. According to its incident report, some of […]
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World regions with fast-growing financial and economic potential, such as Africa, could become the predominant crypto adopters. Back when digitized banking service evolutions such as debit cards, online banking and check imaging were sweeping the financial sector, one could have never imagined what was coming next. I certainly did not, having spent more than 10 […]
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Legendary video game producer Atari partners with the Litecoin Foundation to take advantage of the overlap between the two communities. On May 19, the Atari Group announced a partnership with the Litecoin (LTC) Foundation, betting on the overlap of interests between the crypto and gaming communities. Atari has raised 74.19 Bitcoin (BTC), worth roughly $514,000 […]
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A data-based approach to cryptocurrency investment shows promise, so why are investment advisors at top firms still pushing clients away? The crypto space and market cap is a small percentage of the trillions invested through the global equities market or the amount that the United States Federal Reserve is able to print. While the promise […]
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The wallet of cryptocurrency exchange Huobi now allows users to buy cryptocurrencies with credit and debit cards. The cryptocurrency wallet of major cryptocurrency exchange Huobi now allows users to buy cryptocurrencies with credit and debit cards. Until now, Huobi Wallet only allowed its users to exchange between different crypto assets and access to decentralized lending, […]
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Some Chinese companies could be left out of the world’s second-largest stock exchange as a result of proposed changes — and crypto is no exception. Nasdaq, the world’s second-largest stock exchange, is going to introduce new restrictions on initial public offerings, or IPOs, to prevent smaller Chinese companies from getting listed, a recent Reuters report citing anonymous […]
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Lykke’s new contest looks to give money to developers to pursue new tech proposals that promise to aid the economic recovery in the wake of COVID-19. As announced on May 19, Swiss cryptocurrency exchange Lykke will be offering four prizes totalling 200,000 Swiss Francs ($205,800) as part of the Open Initiative. The initiative is looking […]
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Bitcoin volatility and volumes are cooling off post-halving while a break in either direction could open the door to new market cycles. The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, has been hovering below the psychological barrier of $10,000. The halving didn’t give the market what they expected as the majority was […]
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