News

Australia-based brokerage SelfWealth adds crypto to its platform

In a report by local newspaper Australian Financial Review on July 12, the Australian-based brokerage platform SelfWealth is planning to add cryptocurrencies to its system. They are in talks with different crypto exchanges in a bid to add the functionality for trading crypto assets. The company plans to include 10 different cryptocurrencies including Bitcoin (BTC) …

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TikTok bans all cryptocurrency-related promotions

Popular social media app TikTok updated its policies last week, which includes banning cryptocurrencies and all types of related promotions. Users will no longer be able to post photos or videos that talk about cryptocurrencies and how to invest in them. The ban was made to address the concerns of younger users being targeted and …

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Tezos cryptocurrency: Improving blockchain technology

Since Bitcoin’s launch in 2009, a variety of altcoins followed its lead to revolutionise monetary transactions. The crypto sphere is teeming with more than 4,000 digital coins in circulation that you can invest in including Tezos cryptocurrency. So, what does this digital coin have in store for crypto investors like you? Tezos is a blockchain …

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Crypto traders worldwide struggle to sue Binance for major mishap

Binance suffered from a major mishap last May 19 when users were locked out of their accounts. Now, traders are struggling to sue Binance because of jurisdiction problems since the exchange site has no official headquarters or office.  According to reports by the Wall Street Journal, an unnamed trader said, ‘Unlike a more traditional investment …

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US Senator Warren prompts SEC to regulate crypto trading

In a press release by Reuters on July 8, Senator Elizabeth Warren called out the US and Securities Exchange Commission or the SEC on the poor regulation of cryptocurrencies and its potential risks to the market. ‘While demand for cryptocurrencies and the use of cryptocurrency exchanges have sky-rocketed, the lack of common sense regulations has …

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Bank of Thailand warns people from using cryptocurrencies

The Bank of Thailand recently posted a press release on their official website last July 8th, warning people against using digital assets as means of payment for goods and services. The statement said that digital assets such as Bitcoin (BTC) and Ether (ETH) are not considered legal tenders and may expose users to risks such …

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Central Bank of China voices concerns on risks of stablecoins

In a report by Consumer News and Business Channel (CNBC) last July 8, the Deputy Governor of the People’s Bank of China (PBoC), Fan Yifei, expressed his concerns on stablecoins like Tether (USDT) which could pose as a threat to global financial and settlement systems. In his statement to CNBC translated from Mandarin to English, …

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Blockchain 101: What it is and how it works

Along with cryptocurrency’s rise in popularity, blockchain has also become one of the most notable concepts in the crypto industry. It has piqued the interest of many people, even those who are unfamiliar with it. Curious to know more about the blockchain and how it works? Delve deeper into this intricate and revolutionary technology here …

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Mike Novogratz says BTC will ‘survive’ despite China’s ban

In an interview with media company Bloomberg last July 1, CEO and founder of the crypto investment company Galaxy Digital, Mike Novogratz, said that Bitcoin (BTC) will still survive despite the undermining and various bans happening in China. He also mentioned that the migration of BTC mining outside China could be ‘a big net positive …

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Bithumb denounces claims about alleged listing fee

South Korea’s second-largest cryptocurrency exchange platform, Bithumb, has reportedly denounced any claims that it is charging token issuers before they can list their coins on its platform at an interview with CoinDesk Korea on June 29th. An unnamed official from Bithumb said on a phone call with CoinDesk Korea that the exchange is still not …

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