Price fragmentation is a growing issue in the crypto domain. It means that the low communication between crypto exchanges is causing significant price variations. The considerable differences in crypto prices on exchanges are causing the phenomenon of arbitrage investments. It means that investors look for different exchanges offering the lowest and highest rates on crypto,…
In the last decade, the financial markets have undergone a number of changes, but none have been as vital as the introduction of cryptocurrencies. It all started with Bitcoin in 2009 and hasn’t slowed down since then. Within a decade, thousands of other cryptocurrencies have been introduced and these have gained attention as a trading…
UK’s major commercial bank, Standard Chartered Bank (SCB), has successfully launched its crypto brokerage services and facilities for Irish crypto investors by establishing a brokerage firm by the name “Zodiac Custody” in Ireland. SCB’s crypto brokerage will aim at obtaining major institutional clients because the soil of Ireland has become a breeding ground for crypto…
Another major upset for Binance as one of its highly influential CEOs has resigned from Binance US over the issue of the company’s non-compliance with regulatory issues. Before departing, Brian Brooks said that his opinions and recommendations regarding regulatory concerns were not considered. Binance’s issues with the regulators are not something new. In fact, they…
The two major regulators of the US are fighting over the issue of jurisdiction to deal with commodities wherein both have been claiming that the regulation of commodities is within their domains. Now the Commissioner of Commodity Futures Trading Commission has clarified that virtual assets being pure commodities fall within the exclusive domain of CFTC…
Singapore’s regulatory authorities cannot keep up with their non-licensing policies for crypto assets any longer. Instead, they have announced that they want now to issue crypto licenses and for this very purpose, the regulators are trying to invite digital asset groups to come in and obtain licenses. The regulators of financial and digital assets in…
Local news outlets in South Korea have reported that it is expected that at least 11 crypto exchanges will be shut down in the country. According to the news sources, these exchanges are those which are mid-sized and they will be closed because of non-approval by the country’s regulator. Financial Service Commission (FSC), which is…
Vitalik Buterin, the co-founder of the second-largest virtual currency ETH, had in May donated SHIB tokens worth US$ 1 Billion to India for utilizing the same towards Covid-19 relief. However, India has been facing difficulties in accessing the funds as in three months’ time India has only been able to cash out US$ 20 Million….
A significant amount of crypto tokens, specifically Ether worth $500 million, is on the move. It looks like crypto whales are moving their Ether holdings around. The blockchain tracker Whale Alert, which gives news of major crypto transactions through Twitter, made the announcement. It identified consequtive transactions showing Ether holders moving 237,419 tokens in about…
As per the latest reports, Binance has confirmed information around the completion of successful integration. The largest cryptocurrency exchange in the entire world has announced that it has finished the integration of the Polygon (MATIC) manner. With the successful integration, MATIC is now a part of its platform. The firm released information around the successful…
If you are familiar with the cryptocurrency industry, then you must already have an idea about IOI Corporation. The particular platform has been around in the cryptocurrency industry for some time. Over time, the IOI Corporation has gained a tremendous user following because of its goal-driven and progressive efforts in the industry. It was more…
Cryptocurrency trading has been an excellent idea to make some money in today’s fast-paced world. While there are many digital currencies present in the market, not every currency is significantly volatile. This post includes the top five digital coins known for their dramatic value volatility. However, it is vital to understand that nobody can guarantee…
The stock market has been around for ages. And throughout its time, it has been the prime choice of investing for many. However, the cryptocurrency boom had many predicting that the stock market would lose its place at the top. While cryptocurrency has become significantly more popular over the last few years, people still prefer…
Changpeng Zhao, CEO of Binance, while coming to the rescue of his firm, announced that his firm wants to be a licensed crypto exchange and trade platform in each and every jurisdiction of the world. He informs further that from here onward, Binance would want to become a financial institution. Faced with the warnings of…
After the notorious crypto scam of MTI, the other mega crypto scam allegedly that happened in South Africa is that of Africrypt. Millions of dollars’ worth of virtual assets have been lost purportedly to crypto criminals who managed to breach Africrypt’s protocols. While Africrypt’s owners, i.e. Ameer and Raees Cajee, are claiming that their firm…
A bill containing crypto regulations has been drafted by the Government of Turkey. Through the draft bill, the Government intends to provide for rules and regulations comprising the crypto development and space in the country. The bill is due to be presented to the Turkish Parliament in the month of October 2021. Bill features for…
The executive leadership of Tether is facing criminal charges against them. The possible criminal charges will intensify the pressure on a product on which the market is relying heavily. However, experts have divided opinions on the matter as they believe that if Tether falls, the results will be surely chaotic but not catastrophic for the…
The total number of crypto-powered ATMs throughout the world has surpassed 24,000 in numbers. All these 24k machines are located in 75 countries, however, the country having the most number of crypto-powered ATMs is none other than the US. The recent crypto boom came with the Covid-19 pandemic. On one hand, Covid-19 was affecting the…
Bit Mining is planning on expanding its operations in Central Asia and it has bought around 2,500 crypto mining machines that are scheduled for deployment in Kazakhstan. The Chinese company will be able to take advantage of the new devices for increasing its total hashrate capacity and it will go up by an approximate 165…
Quoting the crypto industry association of Kazakhstan, local media reported that companies that provide trading services for digital currencies will now be able to open accounts with the banks in the country. Thanks to this service, citizens will be able to legally invest in cryptocurrencies and will have no trouble in cashing their profits. The…
