Day: July 4, 2023

Bitcoin cash (BCH) surges 166.3% over past 2 weeks

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin cash (BCH), a cryptocurrency that originated as a fork of bitcoin, aims to enhance transaction efficiency for both individuals and businesses, and it has remained a prominent player in the top 50 cryptocurrencies based on market capitalization. In Q2 of 2023, BCH experienced a substantial 104% surge in price, which can be attributed to its listing on EDX Markets. Skyrocketing value According to CoinGecko reports, June 2023, bitcoin cash (BCH) experienced a remarkable surge, reaching a…

South Africa’s financial regulator to require licenses for crypto exchanges by year-end

The Financial Sector Conduct Authority (FSCA) of South Africa has made an announcement, stating that all cryptocurrency exchanges operating within the country must obtain licenses by the end of the year. Already around 20 license applications have already been submitted since the commencement of the licensing process a few weeks ago. It’s all about regulation Kamlana, a representative of the Financial Sector Conduct Authority (FSCA) in South Africa, has issued a warning stating that crypto exchanges operating without licenses after the deadline will face enforcement actions, potentially resulting in closure…

TON Blockchain Releases On-Chain Encrypted Messaging Feature

The Open Network (TON) has announced the launch of its new messaging feature. This component will enable users to share messages and transaction details privately on the blockchain. The Open Network Introduces Encrypted Messaging Feature On Monday, July 3, the TON Foundation announced the introduction of an on-chain encrypted messaging feature, which will enable secure communication between its network users. This new feature is an upgrade to the previous messaging service provided by the platform.  Related Reading: South Africa Imposes Year-End Licensing Deadline For Crypto Exchanges Indeed, users have always…

Researchers demonstrate ‘unconditionally secure’ quantum digital payments

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The dream of a completely secure, unhackable, absolutely private digital payment system could soon be realized thanks to new research out of the University of Vienna. In a paper published on July 4 titled “Demonstration of quantum-digital payments,” a team of researchers at the Vienna Center for Quantum Science and Technology showed off what may be the first “unconditionally secure” digital transaction system based on quantum mechanics. To accomplish this, the researchers encrypted a payment transaction using a pair of quantum entangled photons. Through this entanglement, wherein any change in…

Jinan pioneers Chinese CBDC use in transportation with digital yuan bus payments

Jinan, the capital of Shandong Province in eastern China, has taken a proactive stance in promoting the use of China’s central bank digital currency (CBDC) by initiating digital yuan payments on all of its bus routes. Initially, the city conducted a trial run of CBDC payments on two bus lines, and after a successful testing period, it has now expanded the new payment method to encompass its entire bus network. Encouraging the use of the CBDC According to a recent report by local media outlet Shunwang-Jinan Daily, the city of…

South Africa Imposes Licensing for Crypto Exchanges

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Cryptocurrency exchanges operating in South Africa have until November 30 to register with the country’s financial regulator. Those who will not comply with the directive risk facing enforcement actions, including fines or business closure, the Financial Sector Conduct Authority (FSCA) said today (Tuesday). Explore limitless, instant crypto swaps. Choose from 1000+ coins and tokens and exchange with no registration or sign-up. Experience a platform that prioritizes your data privacy and fund security. “There is potentially serious harm to financial customers when using crypto products, and therefore it makes sense for…

Even worse for crypto than central exchanges

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Recent weeks have seen a surge in interest from traditional finance for crypto-based exchange-traded funds (ETFs). After the Securities and Exchange Commission took issue with its initial filing, BlackRock submitted a fresh application for a Bitcoin ETF on July 3. A week earlier, Fidelity led a crop of investment firms in lodging applications with the SEC for Bitcoin-based ETFs. Meanwhile, HSBC has become the first bank to offer Bitcoin (BTC) and Ether (ETH) ETFs to customers in Hong Kong. In the context of Bitcoin, it is often the seemingly positive…

Crypto ATM giant Bitcoin Depot goes public on Nasdaq

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin Depot, a prominent bitcoin ATM operator, has successfully launched on the Nasdaq stock exchange, becoming the first US company in the bitcoin ATM industry to go public. This significant milestone follows the recent announcement of the company’s merger with GSR II Meteora, a blank check company, solidifying its position as the first publicly listed bitcoin ATM provider in the United States. Bringing bitcoin to a broader audience Bitcoin Depot, headquartered in Atlanta, Georgia, has established…

UK financial watchdog reminds crypto firms of October deadline for marketing compliance

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The United Kingdom’s Financial Conduct Authority, or FCA, has announced that all cryptoasset firms marketing to users in the country must be in compliance with its financial promotions regime by October 2023. In letters dated July 4, the FCA said starting on Oct. 8, companies operating in the U.K. will have only “four routes to lawfully communicate cryptoasset promotions” in order to be in compliance with the financial watchdog’s regime. These legal avenues included having an authorized party approve or communicate a promotion, having a promotion created by a business…