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“# Cross-chain bridge equipped altcoins rally higher despite China’s crypto ban ” The bullish momentum that had been growing across the cryptocurrency ecosystem over the past few days came to a screeching halt on Sept. 24 as news that China had banned cryptocurrency transactions made the rounds on social media and initiated an abrupt fall…
“# Diminishing returns: Is Bitcoin underperforming compared to altcoins? ” The first half of 2021 in the crypto markets brought many comparisons to 2017. Bitcoin (BTC) was on a tear to its all-time high, the new frontier of decentralized finance emerged, and nonfungible tokens were gaining myriad celebrity endorsements. But after the initial months of…
“# Ukraine joins the comity of crypto-friendly nations with new regulation ” The legal status of cryptocurrencies remains a mixed bag of regulatory positions, depending on the jurisdiction being considered. While some countries move toward blanket prohibitions or stringent regulations, others elect to go with a more open approach to crypto. For Ukraine, the latter…
“# Chinese regulators unite forces to crack down on crypto ” The Chinese government is getting more serious about cracking down on the cryptocurrency industry as state authorities are bringing forces to combat crypto operations in the country. The People’s Bank of China (PBoC) officially announced on Sept. 24 a set of new measures to fight…
“# SEC is ‘open to discussion’ when it comes to crypto: Kraken chief lawyer ” In the midst of a fraught period for some high-profile United States crypto firms and financial regulators, Kraken’s chief legal officer (CLO) is calling for a dose of pragmatism going forward. Speaking on Bloomberg’s “QuickTake Stock” broadcast on Thursday, CLO Marco…
“# LCX price rallies 300%+ after the launching DeFi Terminal 2.0 ” The emergence of decentralized finance (DeFi) has reshaped the landscape of the cryptocurrency ecosystem, which was once dominated by centralized exchanges like Coinbase and Binance and helped to make it more accessible for users and projects seeking to gain access to the markets. …
“# BUSD: A case study for stablecoin compliance and security ” Stablecoins have emerged as significant players in the crypto market this year, driven by user demand for flexible liquidity in fiat currency times. These currencies are defined as a type of digital currency that can be pegged to underlying real-world assets or backed by…
“# Canadian regulators warn against ‘gambling style’ advertising and marketing in guidelines for crypto companies ” The Canadian Securities Administrators, or CSA, and Investment Industry Regulatory Organization of Canada, or IIROC, have issued guidelines for crypto trading platforms operating in the country to avoid “advertising and marketing materials that could mislead investors.” In a Thursday…
“# Bears aim to pin Bitcoin price below $46K leading into Friday’s $3B BTC options expiry ” This week’s combination of bearish factors was enough to bring Bitcoin’s (BTC) price down to its lowest levels in 46 days, and this nearly obliterated 86% of the $2 billion September call (buy) options that expire on Sept….
“# ShapeShift issues second token airdrop following decentralization pledge ” Non-custodial cryptocurrency exchange ShapeShift has completed its second airdrop of FOX tokens — dubbed “fairdrop” — as part of a broad decentralization pledge that was first announced in July. The airdrop of 6,613,000 FOX tokens was distributed to over 33,000 DAO community members, ShapeShift announced…