The Hong Kong Virtual Asset Exchange (HKVAX) has received an in-principle clearance from the Securities and Futures Commission (SFC) to conduct virtual asset trading in accordance with Hong Kong’s securities regulations. To conduct Type 1 and Type 7 regulated operations, HKVAX reported on August 11 that it had secured “approval-in-principle”
August 11, 2023 2 mins read
Ripple is now a member of the cross-border payments interoperability and extension (PIE) task group recently launched by the Bank for International Settlements (BIS). The Bank for International Settlements (BIS) released a report of the May 11 meeting of the PIE task force on August 9. The summary said that
August 10, 2023 1 min read
Inflation as measured by the annual Consumer Price Index in July came in at 3.2%, below market estimates of 3.3%, as reported by the U.S. Bureau of Labor Statistics. Inflation measured by the Core Consumer Price Index came in at 4.7%, below the market’s estimate of 4.8%, with the monthly
August 10, 2023 1 min read
The team of the Cardano-based decentralized exchange MuesliSwap has decided to reimburse customers who had significant slippage in the last twelve months. The MuesliSwap team “fell short in providing adequate clarity” on the slipping feature in their protocol as stated on August 8. Slippage refers to the fluctuation in cost
August 9, 2023 2 mins read
The biggest blockchain event in Europe will take place in Barcelona from October 24 to 27. The European Blockchain Convention 9 (EBC9), which is slated for the capital of Catalonia, will be the biggest gathering of its type in the second half of 2023. With an expected 5,000 attendees, it
August 9, 2023 2 mins read
Within the first day of its release, the Paxos-issued PayPal USD (PYUSD) stablecoin was listed on the Huobi cryptocurrency exchange, led by Justin Sun. The PayPal USD (PYUSD) stablecoin, was launched on Monday by PayPal and is tied to the US dollar. Huobi, the world’s largest cryptocurrency exchange, made the
August 8, 2023 2 mins read
Investors in Bitcoin (BTC) are in a bind as the value of the leading cryptocurrency continues to consolidate. Crypto whales are being driven away as evidenced by the 30% volume drop. The price of Bitcoin is $29,054 at the time of writing as per data from CMC. Earlier on Aug
August 5, 2023 2 mins read
A number of Binance’s senior legal and compliance employees have resigned in recent weeks, ostensibly due to the stress of handling several probes into the exchange’s business operations, although Binance strongly disputes this. Binance stated Thursday that it has hired Kristen Hecht as its new deputy chief compliance and global
August 3, 2023 1 min read
One of Coingecko’s top five cryptocurrency exchanges, Bybit, is excited to announce that its peer-to-peer (P2P) trading service is now available for customers to purchase cryptocurrency on-chain. With the P2P improvement, customers may presently buy USDT with more than 62 different fiat currencies while receiving cryptocurrency on the Ethereum and
August 3, 2023 1 min read
KuCoin, a cryptocurrency exchange, has decided to suspend its Bitcoin and Litecoin mining pools as of August 16. The decision was reportedly made in response to recent layoffs that, according to rumors, impacted close to 30% of its personnel. The alleged layoff news was denied by the exchange, calling it
August 2, 2023 1 min read
