SEC Calls For Crypto Regulation As Market Crisis Continues

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…

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Lithuania To Ban Anonymous Crypto Wallets After EU Regulation

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…

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Nigerian Crypto and Blockchain Group Set Guidelines For VASPs

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…

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Solana Price Drops 9% After Aiming For $50 Mark

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…

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ESMA Asks For Unified Crypto Regulatory Framework

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…

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Enforcement Action Levied Against Turkish Binance As Exchange Slips Up On Compliance

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…

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ProShares To Join The Crypto Metaverse Race, Awaits SEC Go-Ahead

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…

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Polygon Touched Another ATH at $2.91; Should You Buy MATIC?

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…

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Nexo Offers Loan Credit Features For NFT Holders

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…

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Russia’s Largest Bank, Sberbank Faces Set Backs Registering Its Digital Asset Platform

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…

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Here’s Elrond’s Position in the DeFi Marketplace at the Moment

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,…

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Popular Chain of Restaurants Impleads FTX Crypto Exchange in a Lawsuit

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”…

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AscendEX Lists Idexo

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…

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Experts Believe Bitcoin can Cause Disruption to Exchanges and Online Brokers

Once money started to gain more dynamicity as well as fluidity in stock trading, a large number of people started aligning their financial mindsets towards the patterns and trends of constant changes. Most of you will be well aware of the fact that there are countless updates about the fall and rise of various businesses…

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Brazil Gets a New Payment Method from Visa and it is Crypto

It was just recently, when the Visa’s representative, Eduardo Abreu was reportedly interviewed by Seu Dinheiro, a local news outlet from Brazil. Abreu, is Visa’s new business’s vice president, who talked about Visa’s new venture into cryptocurrencies. He revealed that Visa, the payments giant is planning to bring something huge for the Brazilian market. Abreu…

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