Crypto

The Financial Conduct Authority (FCA) has announced that a “significantly high number” of crypto firms operating in the UK are failing to meet current anti-money laundering (AML) rules. The regulator pointed out that up to 50 companies dealing in crypto had withdrawn applications for the Temporary Registrations Regime (TRR) issued last year. The permit allowed crypto service providers to continue trading until the FCA could formally approve or reject their operations. We are extending the Temporary Registrations Regime for existing…

The drawn-out legal dogfight between Ripple and the Securities and Exchange Commission (SEC) may have taken a dramatic twist in favor of the blockchain-based digital payment company. According to a recent tweet from Attorney Jeremy Hogan, the SEC may try to settle with Ripple before the case ever reaches trial. He explained that less than 10% of criminal and civil lawsuits ever make it to trial due to resource pressures faced by the U.S. legal system.  The attorney gave his…

For some time now, OnePlus has been trending ahead of its new Nord smartphone launch. The company has recently expressed interest in venturing into crypto through a recent survey conducted regarding blockchain research. The Survey Details The China company ran a survey to receive input on what their customers had to say about cryptocurrencies. Titled 'OnePlus Block Blockchain Research,' they questioned the use of platforms like Gemini, Binance, Coinbase, and Robinhood.  Just from the name of the survey, it is…

The Uniswap community voted in support of launching the prime decentralized exchange's v3 iteration on layer-two scaling solution, Arbitron. Uniswap's inventor, Hayden Adams, announced the vote on May 27, disclosing the proposal's governance vote obtained d 41.35 million votes in favor and zero opposing votes from UNI token holders. Uniswap is now setting up layer-two implementation on both Arbitrum and Optimism. 1/ The @Uniswap community has spoken with overwhelming support in favor of an Arbitrum deployment of Uniswap v3! So…

The Binance smart chain was launched in September 2020 due to an increasing need for a reliable smart-contract platform. It runs parallel to the Binance chain, which launched in 2019.  All smart contracts launching on the Binance smart-chain network take the BEP format, i.e., BEP-20 for Defi-related smart contracts.  The Binance smart chain has helped many crypto projects by providing a hub for their services. Top ones like PancakeSwap, IDEX, Chainlink, and around 33 others have enjoyed the various benefits…

Unease festered in the digital assets space over the past week as major coins such as BTC, ETH and ADA parried massive gains. The slide for crypto came amid heightened anxiety from investors after China underscored its resolve to crack down on crypto mining and trading. Meanwhile, the US Treasury Department unveiled its intent to enforce anti-money laundering laws. US financial watchdogs also proposed that cryptocurrency businesses start reporting over $10K to the government. Fear over intensifying crypto regulation inflicted…

On 14th April 2021, Coinbase went public by listing its shares on Nasdaq. It listed the share under COIN, and the move had excellent results on Coinbase’s value.  At the time of registration in the exchange, the unit price was $381, about 52% higher than its reference price of $250. However, the price of the shares closed the day at around $328.28. Accordingly, the value of Coinbase stood at around $100 billion on 15th April, around 1000% more than the…

Anthony Pompliano announced that Bitcoin Pizza, a new project, would use local pizza delivery to fund Bitcoin development. Pompliano clarified in a video posted on Twitter that 100% of the proceeds from the new project go to the Bitcoin Development fund initiated by the Human Rights Foundation. The fund benefits software developers from the open-source and the cryptocurrency community. Today I am announcing Bitcoin Pizza - a new national pizza brand that is launching in 10 cities. The first pizzas…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The crypto market ends the week with a total market capitalization of $1,959 trillion. Bitcoin lost nearly 9% of its value to fall by almost $10,000 from $64,000 this week. Ethereum set a new ATH for the third week in a row but lost 2% over the week. XRP lost almost 10% of its value during the past seven days. Binance Coin also set a new…