Crypto Exchange Bitbay Passes Audit Under Estonia’s Tougher New Regulations – Exchanges Bitcoin News

Bitbay has become a fully licensed cryptocurrency exchange in Estonia which introduced stricter rules for the industry last year. The European trading platform has recently passed an independent audit that confirmed its “solvency, security and fiscal responsibility.” Audit Examines AML and KYC Procedures at Bitbay Bitbay, a leading crypto trading platform in Europe, is now a fully licensed and regulated exchange under Estonia’s stringent regulations imposed last fall. The company has been audited by an independent third party which thoroughly examined its accounting practices, including anti-money laundering (AML) and know-your-customer…

Bitcoin price eyes $50K as the US Dollar retreats after hitting its one-year high

Bitcoin (BTC) looks to reclaim $45,000 on Oct. 1 as the U.S dollar retreated lower after hitting its one-year high. Bitcoin’s tight inverse correlation with the greenback over the past month suggests that a weakening dollar could push BTC price even higher in the coming sessions.  Bitcoin-dollar correlation on hourly chart. Source: TradingView.com Dollar drops following labor market shock In detail, the U.S. Dollar Index (DXY), which measures the greenback’s strength against a basket of six foreign currencies, including euro and sterling, hit $94.50 Thursday for the first time since…

Analyst nails Bitcoin monthly close 2 months running — his October target is $63K

Bitcoin (BTC) was keen to retain $44,000 on Oct. 1 as the monthly close sparked a late show of strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC monthly close matches PlanB prediction Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it first returned to the $44,000 mark Thursday, then test lower levels before heading even higher. While still not tackling resistance at $45,000 and higher, Bitcoin did not disappoint with its end-of-month performance, this almost exactly matching predictions from stock-to-flow model creator PlanB for a second month running.…

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Singapore finance authority grants licenses to Independent Reserve and DBS

Singapore’s principal financial regulator, the Monetary Authority of Singapore (MAS), has officially approved two companies to offer cryptocurrency services in the country. MAS issued Oct. 1 licenses to Australian crypto exchange Independent Reserve and DBS Bank’s brokerage arm, DBS Vickers (DBSV), allowing them to provide digital payment token services under the Payment Services Act (PS Act). According to an announcement by Independent Reserve, the firm became the first Australian cryptocurrency exchange available to retail and institutional investors in Singapore. Founded in Australia back in 2013, the company started setting up…

MassMutual-Owned Fintech Flourish to Offer Bitcoin Investment Service to Advisors — CoinDesk

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Dydx Trading Volumes Explode After Latest Chinese Crypto Ban – Bitcoin News

Dydx, a decentralized exchange, has seen its trading volumes explode in the last few days, surpassing other recognized decentralized exchanges like Uniswap and Pancakeswap. Some analysts have suggested this might be the result of the latest Chinese cryptocurrency ban causing China-based users to move their trading activities to these platforms. Dydx Bursts With Activity Dydx, a decentralized exchange that, unlike other similar platforms, offers an order book, has been bustling with activity during the last few days. The activity in the decentralized exchange has grown enormously, with volumes…

Circle Names Devron Brown, Former US House Senior Counsel for Fintech, as Director for Global Policy — CoinDesk

Circle, the payment services company that operates stablecoin USDC, subsidiary crypto exchange Poloniex and equity crowdfunding platform SeedInvest, has named Devron Brown to be its senior director for global policy, according to a tweet posted by Dante Disparte, chief of strategy and head of global policy at Circle. The position is also included in Brown’s LinkedIn bio page. Source

DJ Paul Oakenfold to launch album on Cardano, NFL confirms NFTs, and more

Cardano’s daggy dad turns DJ Cardano founder Charles Hoskinson has teamed up with legendary electronic dance music (EDM) DJ Paul Oakenfold to launch a tokenized album on Cardano. Oakenfold is a three-time Grammy Award nominee and his career in the music industry spans back to the early 1980s. His upcoming album dubbed “Zombie Lobster” was announced during the Cardano summit on Sept. 27. Every aspect of the album will be tokenized on the Cardano blockchain, including cover art, tracks, sleeve notes and remixes. The album is part of a release…