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“#Chinese stocks extend losses amid crackdown from Beijing” Chinese stocks extended their recent losses Monday morning amid a renewed crackdown from Beijing that hit education and music-streaming companies. Chinese tutoring companies were among the hardest hit with shares of NYSE-listed TAL Education down almost 24 percent in premarket trading, extending losses from last week. The…
“#EU pushes for changes to Google’s flight and hotel search results” The European Union is pushing for clarity from Google about how the company processes flight and hotel searches. The tech giant must explain why it ranks certain flights and hotels above others and provide more clarity about how it calculates prices, European Union regulators…
“# Bitcoin ETF ‘not happening in 2021,’ says Wilshire Phoenix co-founder ” William Cai, co-founder of investment firm Wilshire Phoenix, is the latest person to cast doubts on the possibility of a Bitcoin (BTC) exchange-traded fund (ETF) approval in the United States in 2021. Speaking to Business Insider, Cai remarked that a Bitcoin ETF in…
“# Blockchain Australia calls the state for crypto safe harbor ” Blockchain Australia, a major association representing the local cryptocurrency industry, has officially introduced its crypto regulation recommendations to the federal government. The association filed a submission to the Senate Select Committee on Australia as a Technology and Financial Centre last Friday, calling the government to…
“# DeFi cannot be fully regulated, Siam Commercial Bank president says ” Dr. Arak Sutivong, the CEO of SCB 10X and the president of Siam Commercial Bank (SCB), has offered an insight into how one of the largest venture capital funds in Southeast Asia views the future of DeFi when it comes to the contentious…
“# Binance to delist EUR, GBP and AUD margin trading pairs ” Global cryptocurrency exchange Binance continues restricting support for some of its trading services amid an ongoing regulatory crackdown. Binance officially announced Monday that the exchange would delist margin trading pairs for three fiat currencies, including the Euro (EUR), the Australian dollar (AUD) and…
“# New rules could permit Korean gov’t to seize tax evaders’ crypto ” South Korean legislators propose to revise tax codes so that tax authorities would be able to confiscate tax evaders’ crypto assets directly from their digital wallets. As per a report published on July 26, the proposal forms part of a wider, annual…
“# China’s crackdown signals an oncoming crypto ban, Bobby Lee says ” Bitcoin (BTC) maximalist and Ballet CEO Bobby Lee recently discussed the implications of China’s ongoing crackdown on cryptocurrency. Despite the government’s support for a digital renminbi, Lee suggested that Beijing has no interest in nurturing the cryptocurrency industry. Considering his collisions with the Chinese…
“# Uniswap delists 100 tokens from interface including options and indexes ” The world’s leading decentralized exchange, Uniswap, has announced the delisting of a number of tokens from its app interface. Uniswap Labs made the announcement on July 23, emphasizing that the tokens had been removed from the app interface only, and that the protocol…
“# FTX reduces max leverage from 101x to 20x to encourage ‘responsible trading’ ” Crypto derivatives exchange FTX has decided to curb risky trading by limiting the leverage available to its users. The exchange, founded by crypto billionaire Sam Bankman-Fried (SBF), has reduced the maximum leverage available on the platform down to 20x, a significant…