Rosfinmonitoring or the Russian Federal Financial Monitoring Service intends to track all incoming and outgoing transactions of crypto. For this purpose, the tender was floated for engaging a contractor with the required skill set a firm owned by Sberbank namely RCO has been engaged for the task. Russia has finally come up with a solution…
Over the course of time, as the demand and adoption rate for Bitcoin (BTC) has increased, its mining difficulty has also surged. However, the mining difficulty rate ended up taking a dip when the Chinese regulators decided to take matters into their own hands. It was in mid-May when the Chinese regulatory authorities proceeded with…
This is the first comprehensive merging of two public blockchains. Polygon, an Ethereum blockchain “layer 2” network, is combining with Hermez Network together in 250 million MATIC transaction worth about 250 million dollars at the MATIC token’s new valuation. Hermez will be integrated into the Polygon environment as Polygon Hermez, and would be a component of Polygon’s product…
Briefly – Ethereum challenges BTC’s dominance as the crypto market cap exceeds $2 trillion, the highest since May. Cardano follows ETH close as it awaits its smart contract upgrade, ADA surged to $2. Fans suggest the Polkadot and Solana are technically cutting-edge than Ethereum, their rival. For now, Ethereum dominates the NFT (non-fungible token) marketplace,…
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…
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,…
Bitcoin is rising over the 200 day Trend Line, but it is facing critical levels of resistance that should be overcome. Bitcoin and the cryptocurrency market have risen tremendously in previous weeks, with Bitcoin increasing by 60 percent from its July low points, while Ether has shown resilience with a 90 percent increase, while altcoins have…
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…
Top cryptos will have to overpower Tuesday’s obstacles to ensure higher price breakouts. Ethereum Ethereum (ETH) lost 0.64% of its value on Tuesday. After the 4.92% Monday rally, the leading alt ended its day near $3,142.09. Yesterdays mixed morning sessions had ETH rising to $3,235 in the early morning before reversing. Meanwhile, ETH dropped in…
As a means to help the environment and reduce deadly greenhouse emissions, Oil Behemoths have started to expand into the Bitcoin Mining Business. According to statements from the World Bank, these deadly gas is frequently wasted by burning and flaring, because of the strict regulations and several technical hurdles in the overall development and structure…
Litecoin (LTC) maintains its upside moves in an ascending channel, claiming the $170 mark again since June. Ripple settles over $0.8 as it lacks momentum to break towards $1. The crypto bulls have controlled the market for the past few weeks. The last week’s sessions showed massive bullishness as Bitcoin overpowered the $45,000 zone. Meanwhile,…
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 early Monday sessions saw Ethereum (ETH), the leading alt by market cap, dipping beneath $3,000. Most market analysts attribute the losses to the frenzy surrounding the United States Infrastructure bill discussions. ETH currently trades at $2,955, losing 5% over the past day. The leading alternative coin attempts to regain the crucial level at $3K…
If you are a crypto fan, you might be used to market volatility. Cryptocurrencies have proven to be more volatile than other assets for retail investors. Crypto coins can rally to record highs within two days or plummet drastically in an unpredictable way. Though that sounds like a risky game, expert investors know how to…
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…
Charles Hoskinson, the founder of Cardano (ADA), assured, while appearing in a live stream briefing on YouTube, that the company is progressing with Alonzo’s update of the hard fork and all the procedure is running in a scheduled way. He revealed that there is a need for a corresponding hard fork that is to be…
Non-fungible tokens (NFTs) have proven to be lucrative as most of the related projects boomed recently. Mythical Beings, a mythology-based NFT marketplace, is among the projects that appear to attract every market player. Moreover, the affordable and accessible card packs seem to contribute to the increasing total project volume. Why Mythical Beings Succeeds Firstly, today’s…
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…
