Alipay Denounces Bitcoin OTC Trading: Regulatory ‘Gray Area’ in China

Alipay denies providing support for Bitcoin trading amid reports of Binance accepting fiat deposits via popular payment channels. Earlier in October 2019, Binance announced a fiat on-ramp for crypto trading via Chinese payment services Alipay and WeChat. This move was part of the exchange giant’s peer-to-peer (P2P) trading rollout for Bitcoin (BTC), Ether (ETH) and Tether […]

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Dollar Deposits On Binance.US Now Have FDIC Insurance Coverage

Binance.US announced that its customer’s dollar deposits are now eligible for FDIC insurance coverage. Binance.US — the United States-focused wing of major cryptocurrency exchange Binance — announced that its customer’s dollar deposits are eligible for Federal Deposit Insurance Corporation (FDIC) insurance coverage. FDIC insures deposits up to $250,000 In a blog post on Oct. 18, […]

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UK-Based Digital Exchange to Use R3’s Corda for Post-Trade Processes

Archax, a London-based digital exchange, will use R3’s Corda technology to manage post-trade activities. Archax, a London-based digital securities exchange, will use blockchain software firm R3’s Corda technology to manage post-trade activities. On Oct. 18, Archax announced in a press release that its post-trade processes will now run on distributed ledger technology. Archax will use […]

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Brazil Opens A Formal Inquiry Into The Country’s Rampant Cryptocurrency Scams

We got the congressional documents that explain why this is happening. Brazilian Congressman Aureo Ribeiro, author of a bill that purports to regulate the Brazilian crypto market, requested the opening of a Parliamentary Inquiry Commission (PCI) to investigate crypto-related fraud in Brazil.  Cointelegraph got access to a document that asks for a deep investigatigation into […]

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