Hong Kong crypto exchange license applications cost less than expected: Report
All unlicensed crypto exchanges have been kicked out of Hong Kong.
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Binance gets crucial license for its Spanish subsidiary from the Bank of Spain
Changpeng Zhao, the CEO of Binance, said that compliance with regulation is very crucial to the broader adoption of crypto. 148 Total views 15 Total shares Crypto exchange Binance has been registered as a virtual asset service provider (VASP) by the Bank of Spain. This allows the exchange to offer custody and crypto exchange services…
World Federation of Exchanges Says Crypto Terminology Needs Clarity
Responding to crypto-related regulatory framework from the European Union, the World Federation of Exchanges, or WFE, called for clarity between digital asset and crypto asset classifications.“We believe there could be value in adopting a single EU classification which covers both: digital-assets and also crypto assets, as a subcategory,” the WFE wrote in response to questions…
Paxful breaks ground on Nigerian school in #BuiltWithBitcoin initiative
The P2P marketplace continues its push to highlight the benevolence and positive nature of the Bitcoin community. Peer-to-peer cryptocurrency marketplace Paxful announced Sept. 17 that it had broken ground on a new school in Nigeria. This is the fourth school of 100 planned as part of its #BuiltWithBitcoin initiative to bring quality education to emerging…
Bitcoin overtakes Paypal on value transferred, sets sights on Mastercard: Report
Blockdata’s report suggests that the Bitcoin network could potentially match the dollar value transferred on Mastercard’s network as early as 2026, or as late as 2060. 293 Total views 27 Total shares The Bitcoin network already processes more volume by dollar value than Paypal and the largest decentralized cryptocurrency network in the world by market…
Binance VC arm leads $1.3M raise for decentralized streaming protocol
Decentralized music sharing service Audius has raised nearly $10 million so far. 1568 Total views 19 Total shares Binance, the world’s largest cryptocurrency exchange, is funding a major decentralized audio streaming service through its investment and incubation arm.According to an Oct. 23 announcement, Binance Labs led a $1.25 million extension round for Audius, a blockchain-enabled…
Bitcoin price can hit $25K before 2021 if this key support level holds
Bitcoin (BTC) price has seen a massive rally in previous months, accelerating from $10,000 to a recent all-time high of around $23,700. This is a rally of 135% in just a matter of a few months. It’s speculative to discuss where the price of Bitcoin could run from here. However, certain levels must be held for…
Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch
Central bank Governor Nandalal Weerasinghe believes that adopting decentralized cryptocurrencies would worsen the country’s economic situation. 222 Total views 9 Total shares Own this piece of history Collect this article as an NFTOn a recent visit to Sri Lanka, American billionaire Tim Draper pitched the idea of adopting Bitcoin (BTC) as a legal tender to…
South Korea’s crypto regulation is now expanding to foreign businesses
Due to their anonymity or pseudonymity, digital assets are perceived as entailing the risks of money laundering and financing terrorism. In October 2018, the Financial Action Task Force (FATF) adopted changes to its recommendations on financial activities involving digital assets, adding the definitions “virtual asset” (VA) and “virtual asset service provider” (VASP). Since then, the FATF…