Dubai’s crypto regulator cracks down on unlicensed firms
Dubai’s Virtual Assets Regulatory Authority issued fines ranging from $13,600 to $27,200 to seven entities operating without licenses or breaching marketing regulations.
Related Posts
Huobi Withdraws Steem Votes, Admits to Mobilizing Customer Funds
Four former witnesses have been voted back onto the council of 20 nodes that underpin the Steem blockchain. Their reinstitution follows the withdrawal of votes from major exchanges Binance and Huobi in support of what has been described in an attempted takeover of the network.In a statement issued by Huobi on March 3, the exchange…
Bitcoin risks lowest weekly close in 2 months but BTC buyers stock up at $53K
Bitcoin remains attractive for seasoned hodlers, as $50,000 now becomes the point at which confidence could turn to anxiety. 2329 Total views 23 Total shares Bitcoin (BTC) hovered around $54,000 on Nov. 28 as the upcoming weekly close showed signs of hitting two-month lows.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBuyers keen at $53,000Data from Cointelegraph…
Strict Canadian crypto exchange rules allowed Kraken clarity to invest there, exec says
Kraken’s Canada managing director told Cointelegraph in an interview that attaining restricted dealer status provided a clear regulatory pathway. 137 Total views 1 Total shares Size and energy allowed Kraken to stay in Canada after the imposition of new registration requirements for crypto exchanges in February. But in spite of the demanding process, the regulatory…
HTC Says Its Exodus ‘Blockchain Smartphone’ Will Mine Monero (XMR)
Mobile phone manufacturer giant HTC will allow users to mine Monero (XMR) cryptocurrency through its blockchain phone, Exodus, according to an announcement made on April 10.The announcement said that thanks to the partnership with the ASIC chip design firm Midas Labs, the Taiwanese company would be able to mine Monero through an application called DeMiner, which…
Top 5 cryptocurrencies to watch this week: BTC, ETH, XRP, LTC, DASH
Bitcoin (BTC) has made a stellar comeback from its March lows in 2020 and this performance is getting noticed by institutional investors. Recently Rick Rieder, BlackRock’s CIO of fixed income, said that Bitcoin could replace gold as it is “more functional than passing a bar of gold around.”Comments like these are a positive sign as…
Charlie Shrem ‘Committed No Misconduct’ Says Lawyer as Winklevoss Lawsuit Continues
An attorney for embattled Bitcoin Foundation founder Charlie Shrem formally hit back on Nov. 5 at accusations by Tyler and Cameron Winklevoss as part of an ongoing lawsuit concerning alleged Bitcoin (BTC) theft.In a filing addressing the Winklevosses’ claims, attorney Brian E. Klein said Shrem, who is under investigation for allegedly “stealing” 5000 bitcoins ($32…
HSBC Global Head of Digital Says the Bank Is ‘Cautiously Looking’ at Crypto Investment
Global Head of Digital at HSBC, Josh Bottomley, said that the bank is “cautiously looking” at cryptocurrency use cases, Forbes reported July 19. In an interview with Forbes, Bottomley said that HSBC is “cautiously looking into this area [cryptocurrencies],” when asked about the bank’s approach to the crypto. Bottomley further explained that “there’s a use…
FBI seizes $6M from crypto scammers targeting US citizens
Tether says it aided in the recovery of the stolen crypto by freezing the scammers wallets, which the FBI then seized.