Day: March 15, 2022

FTX Europe Increases Global Reach, Receives License to Operate VA Exchange in Dubai

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To enhance its presence in the global financial ecosystem, FTX Europe and MENA (FTX Europe) announced today that the company has received a license to establish and operate its Virtual Asset (VA) exchange and Clearing House services in Dubai. Q4 2021 volumes have gone up or down and how much? In the global virtual asset ecosystem, Dubai is the only leading economy that has an independent regulatory environment under its recently announced Virtual Asset Regulatory Authority (VARA). Through the virtual exchange license, FTX will be able to assist clients with…

FTX crypto exchange wins license in Dubai to open local headquarters

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Major global cryptocurrency exchange FTX is expanding operations in the United Arab Emirates by receiving a virtual asset license in Dubai. The license is apparently granted under a new cryptocurrency law adopted last week in Dubai, with Dubai Virtual Asset Regulatory Authority (VARA) becoming a major crypto regulator in the Emirate’s special development and free zones. According to FTX founder and CEO Sam Bankman-Fried, FTX has received the “first and so far only” digital exchange license from Dubai. Binance has also obtained a crypto license in Dubai under the same…

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Gaming industry to have a ‘blockchain-connected’ future, studio execs say

With blockchain slowly finding its way into the video gaming industry, sector veterans and executives of nonfungible token (NFT) blockchain WAX believe that there will be more connections between games and blockchain networks in the future. In a Cointelegraph interview, WAX head of publishing David Kim and WAX Studios head of game studios Michael Rubinelli shared their insights on NFTs, the metaverse and blockchain gaming. According to Kim, despite having less search interest on Google, engagement with games, the metaverse and NFTs is not dead. “On the WAX blockchain, we saw…

Bitcoin sees ‘mother of all consolidations’ as $40K BTC price squeeze fails

Bitcoin (BTC) saw a fresh brief short squeeze overnight on March 15 with bulls still attempting to crack $40,000 resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders uninspired by market composition Data from Cryptox Markets Pro and TradingView showed BTC/USD reaching highs just short of the psychological barrier Tuesday before returning to previous levels. The now all-too-familiar “Bart” formation followed news that the European Union had rejected a regulatory mechanism to ban Proof-of-Work algorithm cryptocurrencies. The move, while significant, had nonetheless produced little relief in BTC price action. “Altcoins are…

Argo Blockchain Inks Bitcoin Mining Machine Swap Agreement with Core Scientific

The London-listed Bitcoin mining company Argo Blockchain has inked a partnership with Core Scientific that will see both companies swap their BTC mining machines over the next few months.  According to the announcement from the two outfits, the Argo’s Bitmain Antminer S19 series bitcoin mining fleet hosted at Core will be swapped for S19J Pro bitcoin miners previously ordered by Core to be delivered directly to Argo’s new Helios facility in Texas State. Per the details shared, this fleet swap will represent “approximately 60% of Argo’s total mining capacity and will reduce…

Japan Asks Crypto Exchanges to Comply With Sanctions Restrictions — Penalty Includes 3 Years in Prison – Regulation Bitcoin News

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Japan’s top financial regulator has asked cryptocurrency exchanges in the country not to process transactions subject to asset-freeze sanctions. The penalty for unauthorized payments to sanctioned persons includes three years in prison. Japan’s Financial Regulator and Ministry of Finance Ask Crypto Exchanges to Comply With Sanctions Restrictions Japan’s top financial regulator, the Financial Services Agency (FSA), announced Monday that the country will contribute to international sanctions efforts surrounding Ukraine following its attack by Russia. The FSA added that it has received approval by the Cabinet to implement “various measures including…

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