Day: September 28, 2021

16-Latest Ripple ( XRP) News Today – Last Week Crypto -crypto news- cryptocurrency news

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Alibaba to Stop Selling Crypto Mining Machines

E-commerce giant Alibaba announced Monday it will stop selling specialized mining equipment on its platforms on Oct. 8. Alibaba said its decision was in response to the latest People’s Bank of China policy circular on crypto trading as well as a 2017 circular. The notice, signed by some of China’s top financial regulators and published on Friday, banned all crypto trading-related activities in the country. But the company said it is also taking into account the “instability of laws and regulations” on crypto around the world. Alibaba will shut down…

Institutional investors bought the dip as China FUD broke

Institutional investors were buying the dip on the back of China’s latest FUD, with digital asset investment products generating $95 million worth of inflows last week. According to CoinShares’ Sept. 27 Digital Asset Fund Flows Weekly report, a surge in dip buying helped drive a sixth consecutive week of inflows for institutional crypto investment products broadly. The $95 million worth of inflows between Sept. 20 and Sept. 24 marks a 126% weekly inflows increase. BTC and Ether investment products led the pack with $50.2 million and $28.9 million worth of…

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29 Crypto Exchanges Survive New Regulation in South Korea, 37 Exchanges Must Shut Down – Regulation Bitcoin News

The deadline for crypto exchanges and service providers in South Korea to meet requirements to stay open under the new regulation has passed. Twenty-nine cryptocurrency exchanges met the deadline to continue operations but only four of them can offer trading in Korean won. New South Korean Crypto Regulation in Effect The Act on Reporting and Using Specified Financial Transaction Information requires crypto exchanges to obtain Information Security Management System (ISMS) certification and submit a report to the country’s Financial Intelligence Unit (FIU) by midnight on Sept. 24. Exchanges that want…

Aave Proposal Enlists Fireblocks to Aid DeFi Protocol’s Mainstream Finance Push — CoinDesk

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Cardano Summit Sees Launch Of Exciting New Partnerships

The Cardano Summit has now officially come to an end. Saturday and Sunday saw live and virtual events from around the world, while notable figures in the crypto space spoke at the event, including the founder of Cardano Charles Hoskinson. The event brought a lot of excitement to the space and allowed community members to interact with one another from around the world. But most notable has been the announcements of new partnerships made at the event. Related Reading | Billionaire Mike Novogratz Says He’s “Not Nervous” About Crypto Sell-Off In…