Binance US Faces SEC Asset Freeze: What It Means for Crypto Investors
The US Securities and Exchange Commission (SEC) has filed a lawsuit against Binance.US, the American affiliate of the world’s largest crypto exchange Binance, and its founder Changpeng Zhao (CZ), accusing them of violating US securities laws and putting customer funds at risk. The SEC is seeking to freeze billions of dollars of assets on the […]
How Turks Are Using Tether to Protect Their Wealth from Hyperinflation
Turks are flocking to stablecoins like tether (USDT) as their national currency, the lira, continues to lose value against the U.S. dollar. The lira hit a record low after the central bank stopped intervening in the foreign exchange market following the reelection of President Erdogan. In this article, we will explore why Turks are choosing […]
South Africa Added to FATF ‘Grey List’ Despite Designation of Crypto as a Financial Product
In a move seen as a major setback for South Africa, the international financial watchdog, the Financial Action Task Force, announced on Feb. 24 that it had added the country to its “grey list.” Getting grey-listed by the financial watchdog potentially makes it difficult for South Africa to obtain loans from foreign banks. A Setback […]
Crypto Futures ETFs Raise Over $73 Million Ahead of Hong Kong Launch
Hong Kong’s first crypto-based exchange-traded funds (ETFs) have attracted more than $73 million ahead of their debut on the region’s stock exchange. The launch of the two ETFs tracking U.S.-listed cryptocurrency futures comes despite the industry’s current problems. Hong Kong Debuts Bitcoin and Ether Futures ETF in Midst of Crypto Winter Two ETFs tracking crypto […]
Argentina Organizes National Blockchain Committee to Implement State-Level Strategy
The government of Argentina has appointed a national blockchain committee to set the guidelines for a state-level blockchain adoption strategy. In a document, Argentina highlights the importance of this technology for the future and presents several use cases that would benefit from the introduction of blockchain for the country’s digital transformation. Argentina Forms National Blockchain […]
Putin Calls for International Agreements Based on Blockchain and Digital Currencies
Russian President Vladimir Putin believes a new system for international money transfers is needed to reduce dependence on big banks and third parties. He is convinced that cross-border payments that rely on digital currency and distributed ledger technology will be “much more convenient.” Russian President Vladimir Putin has called for the establishment of a new […]
Bitcoin’s Hold Above $20,000 Gives Bulls Hope For a Lasting Rally
Bitcoin’s four-day streak above $20,000 has strengthened cryptocurrency traders. They have bet the token should resurface after a brutal year. On Tuesday, the largest cryptocurrency by market value advanced above $20,000. And as of Friday morning in New York, it had yet to fall below that threshold. The breakout marked the end of a nearly […]
Binance launches new platform for VIP and Institutional Crypto investors
Global cryptocurrency exchange Binance on Thursday. Global cryptocurrency exchange announced the launch of “Binance Institutional”. Binance Institutional is a new platform for VIP and institutional cryptocurrency investors. It’s one of Binance’s efforts “to improve its institutional offerings and services”. It says by the exchange. Binance Institutional’s services are designed for all types of institutions, as […]
Shopify unveils new tools for e-commerce
Shopify Inc has launched new tools. New tools will help its merchants sell to other businesses. On Twitter, as the Canadian tech giant tries to shore up sales to counter a post-pandemic slowdown in online shopping. More than 100 new tools were unveiled on Wednesday. These tools include those supporting its plans to boost business-to-business. […]
Bitcoin slides below $20,000 to the lowest level in 18 months
Bitcoin fell more than 13% at one point on Saturday. The Bitcoin falls below the $20,000 level to its weakest level. The falling happened in 18 months. It has extended a drop in investor concerns about growing problems in the industry. Investors are concerned about the pullback of riskier assets. The digital currency sector hits, […]