Hong Kong makes HKVAX third licensed retail crypto exchange
HKVAX is the first to be licensed under the region’s new licensing regime, as 16 more exchanges wait.
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Decentralized forex will reduce cost by as much as 80%: Report
The researchers compared the average cost of remittances according to World Bank data with estimated costs of trading USDC and EUROC stablecoins at Uniswap. 680 Total views 13 Total shares Own this piece of history Collect this article as an NFTIf the foreign exchange market starts using DeFi protocols instead of the current centralized systems,…
Ripple and Nelnet launch $44M fund for carbon-negative crypto industry
Ripple has contributed the majority of a $44-million fund to support solar energy projects across the United States. 627 Total views 15 Total shares Blockchain payments firm Ripple has announced a $44-million environmental, social and governance (ESG) joint venture partnership with fintech provider Nelnet Renewable Energy to fund the adoption of environmentally conscious solar energy…
Predicting the next Bitcoin price top: Here’s what may come after $23K
Bitcoin price surpassed $20,000 with ease on its third retest, buoyed by a surge in buy volume. Following the breakout, analysts anticipate the dominant cryptocurrency to eventually rise to the mid-$30,000s. However, in the short term, the expectations of a pullback are growing.There are compelling arguments for both short-term bull and bear cases. Traders who…
German Finance Minister Says Gov’t Must Reject Facebook’s Libra Coin
German Finance Minister Olaf Scholz stated that policymakers cannot accept parallel currencies such as Facebook's proposed Libra stablecoin.Prevent stablecoins from becoming alternative currenciesAs reported by Reuters, on Sept. 17, German Vice Chancellor and Finance Minister Olaf Scholz said during a panel discussion in Berlin that Facebook’s planned crypto coin Libra will be clearly rejected. He…
US: Blockchain Security Co. BitGo Gets Regulator’s Green Light to Become Crypto Custodian
American crypto wallet and blockchain security firm BitGo has received a state trust company charter from the South Dakota Division of Banking, making it a qualified custodian for crypto, CNBC reports September 13.By creating its trust company, California-based BitGo will now be subject to regulatory scrutiny that encompasses know-your-customer (KYC) and anti-money-laundering (AML) checks and…
Ohio senator wants clarity for crypto tax reporting in proposed bill
Senator Rob Portman said lawmakers were "still pulling in information" on crypto to formulate the bill, implying he announced it to the public prematurely. 1374 Total views 13 Total shares A Republican lawmaker from Ohio is preparing legislation that would reportedly be aimed at preventing U.S. citizens from evading taxes on their crypto earnings.In an…
Selected Shenzhen residents to get lottery ‘red envelopes’ with digital yuan
Winners of the city's lottery will have 10 days to spend their gifted digital currency, at any of 10,000 supported merchants. Programs to pilot and encourage widespread adoption of China's central bank digital currency, known as DC/EP or the digital yuan, are continuing apace. As a New Year's offering, the city of Shenzhen is offering its…
Joint Coinbase-Circle Stablecoin Project USDC Listed on Competitor Kraken
Crypto exchange Kraken has added stablecoin USD Coin (USDC) to its list of trading pairs. Touted as “the world’s fastest-growing stablecoin,” USDC saw listing today on crypto exchange Kraken, per a press release provided to Cointelegraph on Jan. 8. USDC developed by Circle and CoinbasePayment company Circle, alongside crypto exchange powerhouse Coinbase, founded an endeavor called the…