The partnership between Archax and Algorand could help bridge the gap between decentralized and centralized finance Digital security exchange Archax and DeFi protocol Algorand have formed a partnership to build a new line of products to bridge the gap between centralized, and decentralized, finance. Archax and Algorand will work together to release “innovative smart financial […]
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Ahead of the launch of its U.K. regulated cryptocurrency exchange, Binance.UK vows to proactively update CryptoUK’s code of conduct to remain fit for purpose. Binance.UK is joining the self-regulating industry association CryptoUK as an executive member. The exchange will join stakeholders such as Coinbase, CryptoCompare and Ripple in leading the association’s strategic direction, and working […]
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730 people from Wirecard’s German offices will be given pink slips. Wirecard has announced it will lay off 730 out of its 1,300 staff in Germany following a $2.1 billion scandal that left the company insolvent in June. According to an Aug. 25 report from Law360, Michael Jaffé, a lawyer and representative of Wirecard’s administrator, […]
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Aave (LEND) rallied to a new all-time high at $0.77 after receiving an Electronic Money Institution license from the UK Financial Conduct Authority. In the last 24-hours Aave (LEND) token rallied to a new all-time high after surging 30% from $0.59 to $0.77. The strong upside move comes as Bitcoin (BTC) and most altcoins are […]
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The U.K.’s financial watchdog wants crypto firms to submit annual financial crime reports to help it cement a data-led approach to regulation. Cryptocurrency firms in the United Kingdom could soon be faced with more extensive Anti-Money Laundering (AML) reporting requirements. In a consultation paper published this month, the Financial Conduct Authority proposed broadening annual financial […]
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The Competition and Markets Authority find no reason that the merger will affect competition in the U.K. consumer-to-business electronic payments sector. The United Kingdom Competition and Markets Authority, has given the go-ahead to Visa’s acquisition of fintech startup Plaid following a Phase 1 review. According to an Aug. 24 announcement, the CMA investigated several ways […]
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Bitcoin and gold price dropped as the U.S. Dollar Index rallied, leading analysts to speculate whether a strong dollar will slow BTC’s momentum. On Aug 21, Bitcoin (BTC) price declined by more than 3% from around $11,880 to $11,511 on Coinbase. Coincidentally, the U.S. Dollar Index (DXY) started to rebound from its 4-month downturn. BTC/USD […]
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As protests rage in Belarus and Alexei Navalny remains in a coma, we look at new developments in crypto across the former USSR. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note The political machinations of Eastern Europe have dominated recent headlines. Protests […]
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The UK’s Financial Conduct Authority has granted licenses to two crypto exchanges operating in the country, Archax and Gemini. The UK’s Financial Conduct Authority has granted operational licenses to two cryptocurrency exchanges operating in the country: digital security exchange Archax and the UK branch of the Winklevoss twins’ Gemini exchange. According to the Financial Conduct […]
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The Independent covered the bull run for its 24 million subscribers. Cryptocurrency has hit the headlines in the U.K., with The Independent reporting on Bitcoin’s recent yearly highs above $12,000. An Aug. 18 report shows the major news publication, which has more than 24 million subscribers, covering the mid-pandemic bull run in the cryptocurrency markets. […]
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