Hong Kong users of the cryptocurrency exchange BitMEX will soon have access to a new dedicated platform. With the implementation of the Hong Kong Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Statute 2022 on June 1, 2023, the company intends to apply for a Virtual Asset Service Provider (VASP) license. BitMEX’s
May 22, 2023 1 min read
Vivek Ramaswamy is the second US presidential contender in 2024 to announce that he would take Bitcoin contributions. Saying, “Give $1,” Ramaswamy said that he would take Bitcoin contributions. This news broke just two days after Robert F. Kennedy Jr. made history by becoming the first U.S. presidential contender to
May 21, 2023 1 min read
President Joe Biden said at the G7 summit that he had discussed the need for a bipartisan accord with all four congressional leaders before leaving for the trip. Biden has said that the Republican plan is not acceptable. Biden specifically mentioned cryptocurrency while stating that he would not support a
May 21, 2023 2 mins read
A major shift is coming to the tokenomics of liquid staking behemoth Lido Finance. Members of the community want to include a staking function into LDO, as hinted at in a recent proposal. Users require 32 ETH, or approximately $60,000 at today’s pricing, to stake straight to the mainnet. To
May 20, 2023 2 mins read
Former FTX CEO Sam Bankman-Fried (SBF), co-founder Zixiao Wang, and executive Nishad Singh are being sued by FTX’s legal team. The stock-clearing platform Embed was acquired for $220 million, which is at the heart of the complaint. The attorneys claim that no proper due diligence was performed before the deal
May 20, 2023 1 min read
Reserves “in an amount sufficient to fulfil all obligations to customers” may soon be required by exchanges in Texas under the proposed legislation. The state Senate approved the measure on May 15. And it now only needs the governor, Greg Abbott’s signature to become law. Earlier this year, the Texas
May 19, 2023 1 min read
Morgan Stanley CEO James Gorman reportedly has plans to step away from his position sometime within the next year. The position of executive chairman, however, will be his new responsibility. After 13 years at the helm, his tenure as CEO is coming to an end. During his tenure, the company
May 19, 2023 2 mins read
The biggest native DEX on Polygon, QuickSwap, has integrated the dTWAP protocol powered by Orbs. The QuickSwap dragons will thus now have access to this algorithmic trading technique, allowing traders to lessen the price effect of their orders. This follows integrations with SpookySwap, Spirit, and Pangolin that increased the number of
May 18, 2023 3 mins read
MarketAcross has been selected as one of the media partners of Japan’s largest global conference for crypto, IVS Crypto 2023 KYOTO. Together, they will make sure that the thrilling three-day schedule of the 2023 event garners the esteem and attention that it deserves. IVS, which debuted in 2007 and has become a mainstay
May 18, 2023 2 mins read
On Wednesday, stablecoin issuer Tether said that it will begin making regular purchases of Bitcoin (BTC) for its stablecoin reserves. Thus, spending a portion of its earnings to do so. As part of a new investment strategy centered on the world’s biggest cryptocurrency by market value. Tether🧡#Bitcoin Starting this month,
May 17, 2023 2 mins read