Author: admin
A woman rides a bicycle with the Marina Bay Sands Hotel and skyscrapers in the background on September 4, 2023 in Singapore.Roslan Rahman | AFP | Getty ImagesSingapore's financial regulator has announced that following feedback on the proposed regulations, Singapore will introduce stricter rules for crypto service providers.”The consulted proposals detail business conduct and consumer access measures to limit potential consumer harm,” the Monetary Authority of Singapore said in a statement on Thursday.The measures include banning crypto service providers in Singapore from accepting locally issued credit card payments, providing incentives for crypto trading, lending to retail customers, and offering margin…
Yesterday, Bitcoin took a huge plunge, dropping almost $2,000 in the hours after the Binance and Department of Justice news broke. Similar volatility was seen in altcoins, with Binance's native cryptocurrency being, somewhat predictably, the most notable loser. BTC roller coaster After trading sideways near $36,500 for several days, the leading cryptocurrency tried again to pull back below the $38,000 level on Monday, but to no avail. Similar to the previous attempt, the bears quickly blocked this move and did not even allow BTC to challenge $38,000 this time. Subsequently, there were reports that Binance had agreed to a settlement…
The cryptocurrency market is making a solid recovery just one day after news broke about the resignation of one of the most mysterious and influential figures in the industry. Furthermore, there is no panic or mass exodus from Binance, and things are going smoothly as usual. After the US settlement of charges against Binance and CEO Changpeng “CZ” Zhao, there was no surge in withdrawals from the Binance exchange. No Binance Exodus Binance is the world's largest cryptocurrency exchange by trading volume. The accusations and resignation of the CEO, a highly influential industry leader, should have caused the crypto market…
new york CNN — The US government has sent a clear message to the world of cryptocurrencies, which has a market size of approximately $1.4 trillion. Cryptocurrency investors hope to recover from historic conviction of Sam Bankman Fried, disgraced founder and former CEO of collapsed crypto exchange FTX Just then, the US authorities once again used force against criminal activity surrounding virtual currencies. Billionaire Qiao Changpeng, the founder of the world's largest cryptocurrency exchange Binance, said on Tuesday that he has failed to maintain an effective anti-money laundering program, allowing all kinds of bad actors to use the platform to…
new york CNN — The U.S. government has sent a clear message to the cryptocurrency world, a market worth about $1.4 trillion. Just as crypto investors were recovering from the historic conviction of Sam Bankman Freed, the disgraced founder and former CEO of failed crypto exchange FTX, US authorities have yet again demonstrated their force against criminal activity surrounding cryptocurrencies. Zhao Changpeng, the billionaire founder of Binance, the world's largest cryptocurrency exchange, pleaded guilty on Tuesday to failing to maintain an effective anti-money laundering program and allowing all sorts of bad actors to use the platform to move funds. Here…
Apple comes under fire for blocking encryption technologyLast week, Apple found itself the target of a new antitrust lawsuit over its efforts to block the integration of cryptocurrencies into its iOS payment apps. A class action lawsuit filed in federal court in California alleges that the tech giant's powerful apps, like Venmo and Cash App, have entered into agreements that prevent decentralized cryptography from functioning.According to the complaint, Apple uses its gatekeeper controls over the App Store and iOS platform to ensure that new payment apps exclude features such as cryptocurrency wallets and money transfers. Plaintiffs argue that the adjustments…
Apple, which has faced constant criticism from the Web3 industry for its unfriendly policies, is currently in legal trouble. A number of outraged Apple users, who are also part of the crypto community, are currently filing a class action lawsuit against Apple. In its complaint, the group accused the iPhone maker of failing to expand its range of peer-to-peer payment services and specifically limiting cryptocurrency payments. The complaint was filed in U.S. District Court for the District of California.In their complaint, the plaintiffs accuse Apple of entering into anti-competition agreements with Cash App, owned by Jack Dreasy's block, and payments…
Apple, which has faced constant criticism from the Web3 industry for its unfriendly policies, is currently in legal trouble. A number of outraged Apple users, who are also part of the crypto community, are currently filing a class action lawsuit against Apple. In its complaint, the group accused the iPhone maker of failing to expand its range of peer-to-peer payment services and specifically limiting cryptocurrency payments. The complaint was filed in U.S. District Court for the District of California.In their complaint, the plaintiffs accused Apple of entering into anti-competition agreements with Cash App, owned by Jack Dreasy's block, and payments…
Last update: November 20, 2023 13:31 EST | 1 minute read Binance Logo / Source: AdobeBloomberg reported on Monday, citing people familiar with the discussions, that the U.S. Department of Justice (DoJ) is offering more than $4 billion to Binance, the world's largest cryptocurrency exchange, as part of a settlement to its year-long investigation into the exchange. It is reported that they are seeking a settlement.The cryptocurrency market initially fell on the news, but has since recovered.Bitcoin (BTC) briefly fell below $37,000, but has since recovered above $37,500, and Binance-linked BNB (BNB) briefly fell below $240 before rising to the…
According to digital asset management firm CoinShares, last week saw the eighth consecutive week of high inflows into crypto products for institutional investors across the board. CoinShares revealed in its latest Digital Asset Fund Flow Report that institutional investors continue to increase their allocations to cryptocurrencies with the altcoin spearhead Solana (SOL) investment product. “Inflows into digital asset investment products reached a weekly total of US$176 million last week, continuing for eight weeks now, bringing year-to-date inflows to US$1.32 billion.” Source: CoinShares CoinShares also takes into account annual inflows and compares inflows with previous years. “However, inflows are far behind…