Hong Kong and the United Arab Emirates have announced plans to regulate cryptocurrencies The central banks of Hong Kong and UAE allied to bolster financial cooperation and collaborate on regulating cryptocurrencies, aiming to enhance regulatory frameworks and promote fintech development. Abu Dhabi hosts a bilateral meeting to discuss financial infrastructure and cross-border trade settlements, fostering cooperation between the two entities. Key topics discussed included financial infrastructure, financial market connectivity, and enhancing trade settlement across borders. This collaboration comes as the Securities and Futures Commission (SFC) of Hong Kong plans to allow virtual asset service providers (VASPs) to cater to retail…
Author: Arti
Arti
Arti has a strong understanding of and passion for cryptocurrency and blockchain. With more than 4 years' experience in writing news stories, she has been following developments in the crypto space, researching and understanding the true potential of decentralization, and publishing her analyses in media.
A crypto commodity is a general term used to describe a tradable or fungible asset A crypto commodity is a general term used to describe a tradable or fungible asset that may represent a commodity, utility, or contract in the real- or virtual world through exclusive tokens on a blockchain network. In an interview with Talks on Law, Christopher Giancarlo, the former head of the Commodity Futures Trading Commission (“CFTC”) stated that “cryptocurrencies are not all created equally. The former CFTC chairman explains that all crypto is essentially computer code. As a result, when determining when and whether a cryptocurrency…
Binance urged its existing Japanese users to begin migrating to the new platform by August 1 Binance, the world’s leading crypto exchange in market capital, is switching to a new platform explicitly tailored for customers in Japan to comply with local regulations. The said transition will occur this summer, with the specific date yet to be announced. “We are pleased to announce that we have created a new platform for residents in Japan to fully comply with local regulations. The new platform will be available this summer,” Binance said. Binance delivered a detailed schedule to its Japan users to ensure…
Tenet has joined forces with Conflux and Qtum to increase its presence in Chinese markets Tenet, the first layer-1 blockchain to create a DeFi Ecosystem for Liquid Staking Derivatives (LSDs), has joined forces with QTUM, a Proof of Stake network fusing the advantages of Ethereum and Bitcoin, and Conflux, a layer-1 network running on a hybrid Proof of Stake and Proof of Work consensus mechanism called Tree-Graph. The collaborations will allow CFX and QTUM stakeholders to “re-stake” their assets on the Tenet blockchain to increase their payout. LSDs provide owners complete control over their assets while allowing them to profit…
Bitpanda and Coinbase have partnered to enable European banks to offer cryptos to their customers Bitpanda, a Austria-based crypto exchange and trading platform has partnered with Coinbase to enable European banks to offer digital assets to their customers. The just-announced partnership allows Coinbase to use Bitpanda Technology Solutions – a business-to-business infrastructure layer provider – to connect directly to banks and fintech. Coinbase will also be added as a liquidity provider for Bitpanda Technology Solutions. This is essentially Bitpanda’s ‘investing-as-a-service’ arm. In turn, the platform will start using Coinbase Prime’s custody services. Commenting on the essence of the latest deal,…
EXBI, a leading cryptocurrency exchange platform, has announced the launch of its new launchpad platform aimed at providing users with access to promising early-stage Web3 projects. Launchpads often provide a range of services, such as marketing support, technical assistance, and access to a network of investors. Some launchpads are affiliated with specific cryptocurrency exchanges, while others are independent. For example, projects can leverage the expertise of the launchpad’s team to help them navigate the complex world of cryptocurrency fundraising and marketing. On the other hand, investors can benefit from the due diligence and vetting process conducted by the launchpad, which…
The International Organization of Securities Commissions (IOSCO), the umbrella group for global markets regulators, on Tuesday, published guidelines for authorities toughening their standards for regulating crypto asset and digital markets, drawing on lessons from last year’s collapse of the FTX exchange that fuelled concerns over consumer protection. Tuesday’s recommendations are a “turning point in addressing the obvious and proximate risks to investor protection and market integrity risks,” said Jean-Paul Servais, who chairs the International Organization of Securities Commissions (IOSCO). The proposed standards cover dealing with conflicts of interest, market manipulation, cross-border regulatory cooperation, custody of cryptocurrencies, operational risks, and treatment…
Here is why the development between Opera and MultiversX is brewing in the crypto realm According to the announcement, MultiversX is now fully supported in the Opera Wallet available across all Opera Desktop Browser products and Opera for Android with Web3 support, fulfilling the company’s previous announcement regarding coming collaborations with MultiversX. This integration brings a whole new level of accessibility to the MultiversX ecosystem and will support the ongoing adoption of Web3 technologies. The blockchain focusing on metaverse, MultiversX, previously Elrond, is collaborating with the crypto-centric browser Opera to provide support for its expanding ecosystem. With the integration of…
Bitget has partnered with HELLO Labs for the highly anticipated show, Killer Whales Bitget, the global cryptocurrency exchange, announced that it has partnered with HELLO Labs, a web3 entertainment company, as the Search Partner for the highly anticipated show, Killer Whales. This will serve for its upcoming show Killer Whales, a Shark Tank-style TV show, co-produced by CoinMarketCap which will air on global television later this year. As a Search Partner, Bitget is committed to educating, advocating, and promoting web3 to both web2 and web3 audiences, to drive mass adoption and spread awareness about cryptocurrencies to a broader audience. HELLO…
The P2B exchange has announced its upcoming listing of the Baby Pepe token on May 18 Baby Pepe is a cryptocurrency project that aims to provide an investment opportunity for individuals who are interested in the world of meme tokens. It was launched on April 17, 2023, and quickly gained traction on platforms such as Reddit, Twitter, Telegram, and TikTok, where influencers and promoters hyped up the coin and encouraged people to buy it. The coin’s price soared from $0.000000000001 to $0.0000000015 in less than a day. At present, the live Baby Pepe price today is $0.00000000126 with a 24-hour…