Category Archive: Cryptocurrency, No picture
South Korea to Curb Illegal Cross-Border Crypto Trading
Key Takeaways According to a report from Korea Economic Daily, there has been a sudden rise in bank transactions from Korea to China. Regulators suspect the transactions may be related to crypto traders looking for cross-border arbitrage opportunities. South Korea’s leading financial regulator is reportedly formulating new guidelines to strengthen the monitoring of cross-border transactions […]
SEC Says Ripple Harassed It Over Court Documents
Key Takeaways In December 2020, the SEC sued Ripple, alleging that the firm’s XRP sales constituted an unregistered securities offering. Recently, Ripple was granted access to certain SEC documents. However, the SEC alleges that Ripple has asked for more information than it is legally permitted to obtain. The SEC has accused Ripple of harassment, alleging […]
Binance Stock Trading Draws Attention of Regulators
Key Takeaways Regulators are examining Binance’s stock trading features. The FCA and others are concerned about whether Binance’s tokenized stocks represent securities. Binance maintains that Coinbase and Tesla stock tokens are traded with regulated entities, so there is nothing to worry about. This news was brought to you by Phemex, our preferred Derivatives Partner. The […]
Ark Investment Makes Its Case for a Greener Bitcoin
Key Takeaways Renewable energy sources often suffer from excess energy production at certain times. This extra energy could be used to mine cryptocurrencies and create a profit. This would generate extra revenue and drive investment to renewable energy sources. ARK Investment Management published a report rejecting the well-known narrative of Bitcoin’s heavy environmental impact. Bitcoin: […]
Whales Buy the Dip, Pushing Ethereum to New All-Time Highs
Key Takeaways Ethereum hit a new all-time high of $2,575. The bullish impulse seems to be fueled by a large number of whales that bought ETH at a discount. Further buying pressure could see Ether replicate Bitcoin’s price action and rise to $4,300. This Exchange News was brought to you by OKCoin, our preferred Exchange […]
Cries of Another Mt.Gox as Thodex Shutters Exchange, CEO Disappears
Key Takeaways Turkish crypto exchange Thodex has suddenly halted trading, leaving customers’ funds locked. A statement on Thodex’s website claims that services will be shut for around five working days pending an outside investment. The incident comes amid Turkey’s harsh regulatory plays against crypto. The central bank banned crypto payments last week. This Exchange News […]
MakerDAO Users Begin Minting DAI With Real-World Assets
Key Takeaways MakerDAO’s community has passed a vote to introduce real world loans. Centrifuge users can now deposit real world assets into a pool to receive DAI. The debt ceiling has initially been set at 5 million DAI. This news was brought to you by ANKR, our preferred DeFi Partner. Users can now use cars […]
Injective Raises $10 Million for Robinhood Alternative
This news was brought to you by ANKR, our preferred DeFi Partner. Decentralized derivatives trading platform Injective Protocol has raised $10 million in its latest round of funding. Injective Raises $10 Million Injective Protocol has raised $10 million from some of crypto’s most well-known venture capital firms, bringing its overall valuation above $1 billion. This […]
Bitcoin Breaks Critical Support as Ethereum, XRP Attempt Recovery
Key Takeaways Bitcoin lost the 50-day moving average as support for the first time in seven months. Ethereum is contained in a no-trade zone, with no clear signs for traders. XRP holders book profits, triggering a 44% correction. This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. The crypto market recently experienced […]
Coinbase Lists Ampleforth Governance Token FORTH
Key Takeaways Ampleforth has launched a governance token called FORTH. The contract is already live. The tokens are being distributed to previous liquidity miners and wallet holders. It will be used to vote on key changes to Ampleforth, with on-chain voting due to roll out soon. This news was brought to you by ANKR, our […]
