The former FairX now known as Coinbase Derivative Exchange is planning its first crypto derivatives. The products are said to launch on the 27th of June. It is going to be a nano Bitcoin contract with retailers as its target. A Brighter Look into the Future The announcement said that the firm’s BIT Futures aims…
A selling trend began for Bitcoin miners in May as prices dropped sharply. The prices fell to an 18-month low point and got the marketing bleeding excessively. More Bitcoin miners have been forced to sell their assets as the price dropped further. As the cost of electricity also increases, miners sell to keep up with…
As the UK is shifting towards stablecoin regulation, crypto companies are trooping into the region. Recently, the country’s Ministry of Finance released plans to permit the usage of stablecoins for payment. Meanwhile, the popular stablecoin issuer, Tether, has taken a step to position itself in the UK. The company has expanded its stablecoins by releasing…
Babel Finance has been able to address some of its closest liquidity problems. The Hong Kong-based crypto lender reached a debt settlement deal with some counterparties it has. Necessary Deals Across Every Table It was initially reported that the firm temporarily suspended redemption and withdrawals. The event which took place on the 17th of June…
Last year, Israel’s central bank carried out a CBDC research to embrace the digital economy. The research for the digital Shekel lasted for over a year. However, the Bank of Israel (BOI) is not ready to issue the digital Shekel. Meanwhile, the BOI has stated that the supervision of smart contracts should be under its…
Crypto scammers are ravaging the crypto space and have moved to social media platforms. On these platforms, they prey on unsuspecting users and defraud them of their crypto holdings. Sean Ragan, a special agent of the U.S. FBI, told CNBC that: “Cryptocurrency scammers on LinkedIn are a huge threat to users.” Meanwhile, LinkedIn acknowledged that…
Cryptocurrencies such as BTC and ETH are gaining widespread popularity and adoption. They are becoming an alternative to conventional financial assets. As a result, nations are taking steps to govern and tax the nascent asset class. Also, it has revealed penalties for those who evade crypto tax payments. In the US, the agency tasked with…
In the latest news, a Russian institute is working on establishing a sandbox. The project aims at improving crypto payments across borders. In addition, the sandbox will help to identify possible technological and regulatory challenges. As a result, the institute will be able to tackle them before full implementation. Russia Ready To Test Cross-border Crypto…
According to new proposals to existing Brazilian law, crypto payment may become legal soon. Also, the amendment will protect the private keys of crypto users from court orders. As a result, a court can not give orders to seize the key of a crypto wallet. However, it has the power to order exchanges to freeze…
New Funding for a Prosperous Future Solana, through its venture and foundation arms, has set up a hundred million dollar fund to support South Korean projects. The target of the fund includes projects in DeFi, blockchain games, and NFTs. Further to supporting projects based on the Solana network, the fund will also aid some Terra…
Haunted by the Past The BNB Coin which holds fifth place in the ranking of largest cryptocurrencies has gained the attention of the US SEC. The Security and Exchange Commission is finally launching an inquiry into Binance’s activities in 2017. The Commission is investigating if the crypto issuer went against any law in the process…
The passed bill in the New York Senate, which gained 36 votes against 27, has got approval. The bill was approved by the lower chamber in accordance with the law’s provision. The law now awaits the assent of Gov. Kathy Hochul within ten days. The new law is going to place a moratorium period of…
