Analysts point to overleveraged traders after Bitcoin flash crashes to $43K
Traders were hit hard as $3.5 billion in liquidations took place as Bitcoin price crashed below $43,000. Go to Source Powered by WPeMatico
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Bitso to assist the launch of El Salvador’s official Bitcoin wallet Chivo
Mexican crypto exchange Bitso is announced as a core partner for El Salvador’s state-issued BTC wallet. Go to Source Powered by WPeMatico
Report: CoinSwitch Kuber poised to become India’s second crypto unicorn
Following crypto exchange CoinDCX’s breakthrough to unicorn status this summer, CoinSwitch Kuber is rumored to be next in line – at a valuation close to twice that of its forerunner. Go to Source Powered by WPeMatico
FTX Token hits new record up 50% so far in September — What’s driving FTT price higher?
The latest FTT price boom came in the wake of similar upside moves across exchange assets. Go to Source Powered by WPeMatico
Crypto exchange FTX launches NFT marketplace for US-based customers
Crypto exchange FTX has introduced a native NFT marketplace designed to capitalize on the sector’s parabolic growth over the last year. Go to Source Powered by WPeMatico
Regulating crypto could give it ‘halo’ of legitimacy, says UK watchdog
The chair of the United Kingdom’s Financial Conduct Authority has warned that overextending the reach of regulators could backfire in the case of some cryptocurrency tokens. Go to Source Powered by WPeMatico
Crypto Exchange Binance Ceases Trading in Singapore Dollars to Comply With Regulations
Cryptocurrency exchange Binance has announced that it will cease offering trading pairs and payment options in Singapore dollars to remain compliant with the country’s regulators. The announcement followed a notice issued by the Monetary Authority of Singapore (MAS) stating that Binance “may be in breach of the Payment Services Act.” Binance Complying With Singapore’s Regulations … Read more
Binance limits SGD product offerings in Singapore amid regulatory warnings
The Monetary Authority of Singapore placed Binance on its investor alert list on Sept.1 amid signs that the crypto exchange may have violated local payments laws. Go to Source Powered by WPeMatico
Altcoin Roundup: Time to rotate! Data suggests traders are shifting from NFTs to DeFi
Timing the market is near impossible, but these five metrics can help traders identify when a sector rotation is underway. Go to Source Powered by WPeMatico
Banks vs. exchanges — regulators overwhelmingly penalize fiat, not crypto
Data from a recent report suggest that enforcement actions from U.S. regulators against those in the crypto space cost those firms less than 1% of that in traditional finance for the last 20 years. Go to Source Powered by WPeMatico