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ShapeShift shuts down

ShapeShift shuts down to completely decentralise its operations

Crypto management platform ShapeShift is looking towards the future by decentralising operations and completely shutting down the company as announced in a blog post by its chief executive officer, Erik Voorhees last July 15. ‘With an eye toward the future, ShapeShift has begun decentralizing,’ wrote Voorhees in the announcement.  As it undergoes its months-long process

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Australian based broker SelfWealth adds crypto to its platform

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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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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Central Bank of China voices its concerns about stablecoins

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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Bitcoin continues to survive despite Chinas ban

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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