According to reports, major crypto trading platform, Huobi has secured more operating licenses. The crypto firm has now expanded to Dubai and New Zealand. On June 17th, Huobi Group obtained an Innovation License to operate in Dubai. This was after registering with the Dubai International Financial Centre (DIFC). Lily Zhang, the Chief Financial officer of…
Meta, the parent company of Instagram and Facebook, has taken another giant stride for the metaverse. The firm is launching a designer virtual clothing store for its users. Hence, users can buy different wear for their digital avatars. Also, Meta opines that this sector would be very profitable. This is because it determines the identity…
Various regulators are showing concern as the crypto market continues its downward slide. They believe it is high time that a move is taken to regulate the sector. Moreover, agencies like the Securities Exchange Commission (SEC) call for more regulations. The SEC boss, Gary Gensler, earlier stated that crypto regulation is not enough. While commenting…
The recent crash in the crypto sector has caught the attention of global authorities. Several regulatory agencies are sitting up on the issues of crypto regulation. According to the Bank of Canada, urgent regulation is needed in the crypto sector. It added that: “The sector is growing and might affect the overall financial market if…
The EU’s latest decision to restrict the usage of non hosted wallets appears to be taking effect. A state in Europe has taken the first step to outlaw non hosted crypto wallets. Lithuania Moves To Ban Anonymous Crypto Wallets The government of Lithuania has taken steps to tighten its crypto regulations. The government made a…
Since the crash of Bitcoin in December, several crypto holders have sold their BTC. As a result of these sell-offs, the prices of digital assets have dropped tremendously. Meanwhile, sell-offs can be assessed based on a particular region and its trading hours. Recently, macro pressure in the U.S. market has been responsible for the crypto…
Globally, different countries are embracing the usage of blockchain technology. This is due to the benefits it offers to various sectors of the economy. The Nigerian crypto and blockchain advocacy group SIBAN has announced guidelines for all VASPs. The goal is to promote regulation and innovation in the blockchain and crypto sectors. Safeguarding The Nigerian…
At the start of June, the crypto market was bullish. Unfortunately, as of the 2nd of June, prices have dropped. Solana is not left out. Last week, the altcoin was down due to an outage in the blockchain. Consequently, this affected its trading price. The currency received much attention on the 27th of May after…
Europe’s top regulator warns that increasing inflation might push investors to the inspector. Meanwhile, the agency stresses that an imbalance exists in crypto regulation in Europe. Therefore, the regulator believes EU countries need a common crypto regulatory framework. ESMA Says Inflation Might Push Investors To Cryptocurrency The European Securities and Markets Authority (ESMA) has shifted…
International crypto exchange platform Binance has seen its Turkish branch fined over $700,000 by Turkey’s financial watchdog due to failure to meet its AML standards. Turkey’s Financial Crimes Investigation Board (MASAK) has now levied enforcement action against Binance Turkey as the exchange has failed the regulatory body’s audit done for Anti-Money Laundering (AML) compliance. Crypto…
Profunds Group’s ProShares has revealed its plan to join the increasingly hot crypto Metaverse race in an announcement through its spokesperson. ProShares announced that it had applied with the United States financial watchdog, the SEC, to enable the company to issue crypto Metaverse leveraged ETFs at home and abroad successfully. The US-based company prides itself…
MATIC recorded a new ATH of $2.92. The alternative token has possibilities of exploring further surges before this year’s end. The run-up saw Polygon claiming the 14th spot in the crypto-list by market cap. Polygon (MATIC/USD) is a scalability blockchain network and a framework connecting and building Ethereum-compatible blockchain networks. It’s a Layer2 aggregator that…
Cryptocurrency leveraged lending firm, Nexo, has launched its proprietary lending platform, including a non-fungible token(NFT) lending platform. Nexo primarily offers liquid funds to its users for their crypto pegged collaterals such as Bitcoin, Ethereum, and other major cryptocurrencies. It has now extended its lending services to the NFT community members. The new feature will see…
Sberbank, a Russia State-owned bank is trying to roll out its decentralized digital asset and tools issuance platform, but has repeatedly failed to obtain regulatory approval. Sberbank of Russia is Russia’s largest bank and a leading global financial institution. The bank is seemingly finding it difficult to secure a viable license and get regulatory approval…
Unlike most alternative coins, Elrond has had an impressive November. Nevertheless, that is when it comes to network growth. Moreover, Elrond’s expansion into the decentralized finance (DeFi) marketplace proved fruitful as the crypto projects achieved many records through the Maiar DEX. Maiar and Elrond over the Past 10 Days After Maiar’s launch on November 19,…
A lawsuit relating to infringement of trademark/copy right of a symbol has been lodged against emerging crypto trade giant FTX by “Jack in the Box”, which is the world-class chain of multiple restaurants with multiple locations across the US. The restaurant chain company has raised an allegation that FTX has stolen its symbol “Moon Man”…
Globe Exchange Review Trading online can be difficult and unpredictable very much if you do not have the support of a rock solid online trading platform such as Globe Exchange. This is a cool platform that is trusted by many investors and traders around the globe. In this Globe Exchange review, you can read all…
AscendEX announced Idexo coin (IDO) listing under IDO/USDT trading pair on 21 October. IDO and AscendEX team plans multiple promotional events on 22 October and 29 October to celebrate the move. Users trading and depositing IDO will enjoy shared alt’s pooled rewards worth 40,000 USDT. Idexo introduces a technical and interactive experience for projects leveraging…
The cryptocurrency space has been male-dominated for quite a while and it is becoming clearer by the day. Because of this, a large number of people have taken notice and wonder why the crypto space all over the world is so male-dominated. More often than not, the people who end up investing or even trading…
IBC Exchange Review With the passage of time, the online trading industry has grown so much demanding that everyone wants the best trading exchange. If you are reading this, then I’m sure you have the same demand and I’m sure my IBC Exchange review will help making your decision easier. IBC Exchange is one of…
