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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OKEx Operator Alleged by Canadian Regulator for Violation of Securities Law

As per the latest reports, the regulatory authority based in Ontario, Canada has alleged the operator of OKEx for violation of securities. The regulatory authority that has taken action against OKEx’s operator is the Ontario Securities Commission (OSC). The name of the operator responsible for operating OKEx is Aux Cayes FinTech Company Limited. The report…

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Binance Hired Former US Treasury Official For Its AML Operations

Former IRS Director Greg Mohan Karan Leng has been replaced by Binance Financial Services Manager. The exchange announced Wednesday that Binance Exchange Cryptocurrency has already hired a US treasurer to oversee the work of combatting Money Laundering. Mohan spent nearly 20 years in the Treasury’s criminal investigation department before replacing Kareena Ling as head of…

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Iranian Tax Authority Urges Regulators to Legalize Cryptocurrency Exchanges

Crypto tax law proposed in Iran by the Iranian National Tax Administration (INTA) which plans to generate tax from the cryptocurrency exchanges doing business in the territories of Iran. INTA also urges the Iranian Government to legalize crypto exchanges, their services, and activities on the pretext that the restrictions may substantially reduce the targeted tax….

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New Feature Called “Cash Back to Crypto” Introduced in Venmo App of PayPal

A new feature called “Cash Back to Crypto” has been successfully incorporated in PayPal’s famous crypto app Venmo which lets the users, holding credit cards, enjoy the facility of purchasing four major virtual assets automatically without being charged of any transaction fee by PayPal. On 10th August 2021 (Tuesday) PayPal made a fresh announcement informing…

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Ripple CEO Thinks Binance Is Holding Documents Related To The SEC Lawsuit

The lawsuit between Ripple and the SEC (Securities and Exchange Commission) now involves Binance (the leading crypto exchange) in the case. Brad Garlinghouse, the CEO of Ripple, stated that Binance carries the relevant documents regarding the lawsuit. In the latest filing with the New York’s Southern District, the legal group of the Garlinghouse has requested…

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Decentralized Exchange Has Delisted 100 Tokens From Its Interface

The globally recognized decentralized exchange ‘Uniswap’ has declared the exclusion of a lot of tokens out of the interface of its application. On July 23rd, an announcement was made by Uniswap Labs, which emphasized the removal of tokens only from the interface of the application as well as the protocol is still immutable. Uniswap Labs,…

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Banks in Kazakhstan Will Open Accounts for Registered Crypto Exchanges

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…

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Coinbase Integrates Its Wallet With Polygon Network To Embrace Layer-2 Scaling

Coinbase recently integrated itself with Polygon’s Network in an attempt to adopt the layer-two scaling methods and technologies, which many institutions are working hard to fully embrace these days. The announcement had come yesterday on the 13th of July when the popular American cryptocurrency exchange revealed that the highly-coveted Polygon Network has now been added…

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Crypto Exchanges’ Licensing Process Starts in Portugal, Two Firms Already Obtained Licenses

The process requiring crypto exchanges to obtain has already begun in Portugal. Already two of the local crypto exchanges have been granted licenses by the Banco de Portugal – the central bank of Portugal. The responsibility for granting operation licenses, registration, and permits to crypto exchanges was handed over to Portugal’s central bank. The government…

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Reports: United Kingdom Bank Has Banned Cryptocurrency Purchases From Kraken And Binance

According to recent reports, TSB is going to take actions that will prevent its clients from buying crypto from Binance and Kraken because of the abysmal safety standards of the crypto exchanges. Many banks are making it impossible to buy crypto primarily because of fraud and security concerns. TSB is deeply concerned by the high…

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