CryptoUK, a United Kingdom-based lobby group, is calling for a crypto safelist to enable banks to know the registered crypto firms. Thus, the banking sector won’t shut off their services to all crypto firms based on the assumption that they are not registered. This call comes after the US banking sector made the headlines following…
Before looking at what are Decentralized Exchanges (DEXs), we shall discuss what an “Exchange” and “Decentralized Finance (DeFi)” are. What is an Exchange? An exchange is a platform or marketplace where individuals, businesses, or institutions can buy and sell various assets, such as stocks, bonds, currencies, commodities, and cryptocurrencies. The purpose of an exchange is…
As blockchain firms keep up with evolving regulations, many must decide whether to wait for permission or launch without legal guidance and hope the regulators will forgive them. According to Teresa Goody Guillen, a former Securities and Exchange Commission attorney, companies could have an easier time with the regulators if they launch their networks in…
The crypto wave has gained momentum in India in recent months. However, with several investors eager to put money in the industry, crypto scammers have taken advantage of this and managed to walk away with loads of investors’ hard-earned money. As a result, government regulatory boards have imposed numerous harsh regulations to curb the growing…
Saudi Arabia has intensified preparations for a potential crypto adoption as its Central Bank recently hired Mohsen Alzahrani to spearhead the bank’s crypto and Central Bank Digital Currency(CBDC) plans. Previously, Mr. Alzaharani worked as a financial services Managing Director at Accenture. He has ten years of experience in the finance field. Also, he served as…
The 2TM group of companies, owner of the South American Coin Exchange, Mercado Bitcoin, has opted to lay off part of its Staff to cut costs to sustain the business in the ongoing bear market. The Bitcoin Portal, a crypto-focused blogging website owned by 2TM, stated, “The company relieved fifteen percent of its employees of…
Since the ongoing crypto market crisis, several companies have gone bankrupt. Unfortunately, analysts predict that more companies are likely to go bankrupt soon. Bankman-Fried Continues To Throw Lifeline To Bankrupt Firms The CEO has recently given lifelines to several digital asset platforms. Unfortunately, other platforms have collapsed due to the ongoing market slump. According to…
Popular US cryptocurrency exchange, Coinbase, has decided to clear the air after recent allegations. On June 30th, reports circulated claiming Coinbase is selling users’ information to the US ICE (Immigration and Customs Enforcement). The ICE is an immigration agency that operates under the nation’s Department of Homeland Security. Furthermore, the report noted that the firm…
The crypto world is familiar with the travails of Binance in Singapore, which dominated the headlines recently. Earlier this week, the popular crypto exchange withdrew its application for a license and shut down its operations in the country. The news reverberated in the crypto world and disappointed many Singaporean crypto users. However, Binance is making…
PureStake, the developer of the Moonbeam project, has announced that they have finally collected their targeted funds of $6 million in a strategic round for their smart contract platform. The Moonbeam project has secured funds worth $6 million in a strategic round funding, as stated by its developing company, PureStake. The founding investor of this…
FBC14 Algorithm People’s interest in trading has swelled in recent years. In fact, almost anyone you meet at least knows a thing or two about trading and some trading options. Everyone wants to get rich off trading, so when a service says that you can greatly increase your earnings in a short time, you might…
If you intend to use a forex trading platform then the question we will go through here will assist you in making the right decision with regards to using any such platform. Crypto Comeback Pro is an automated cryptocurrency trading app that automated all of a traders actions and leaves out emotion and fear, decisions…
Changelly Review Established in 2015, Changelly is recognized as one of the most popular ‘instant’ cryptocurrency exchanges and has more than 1.5 million registered users spread in different parts of the globe. At this stage, almost 15,000 transactions are processed by Changelly every single day and its monthly turnover is about 60,000 BTC. This cryptocurrency…
The MetaTrader series of trading applications have achieved outstanding levels of success among consumers, the most recent MT5 having being lauded by experts as a pinnacle of design and usability. Despite this, however, there is genuine reason to believe that a number of traders have remained loyal to the MT4 platform and ignored the appeal…