Month: August 2023

Bitcoin advocate Suarez quits US presidential race

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Mayor of Miami and Bitcoin (BTC) proponent Francis Suarez has suspended his campaign for US President, becoming the first Republican candidate to withdraw. Suarez announced the news on X (formerly Twitter), describing his run for US President as one of the greatest honors of his life.” Running for President of the United States has been one of the greatest honors of my life. This country has given so much to my family and me. The prospect…

ICO publishes new guidance on sending bulk communications by email

The Information Commissioner’s Office (ICO) has today issued a warning to organisations to use alternatives to the blind carbon copy (BCC) email function when sending emails containing sensitive personal information, following a catalogue of business blunders. The warning comes as the ICO publishes new guidance to help organisations understand the law and good practice around protecting personal information when sending bulk emails. Mihaela Jembei, ICO Director of Regulatory Cyber, said: “Failure to use BCC correctly in emails is one of the top data breaches reported to us every year –…

Jamaican taxi drivers bullish on accepting Jam-Dex CBDC

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Bus and taxi operators in Jamaica are eager to use the country’s in-house central bank digital currency (CBDC) — Jam-Dex — as locals seek operational efficiencies and reduced costs and security risks. The Central Bank of Jamacia launched Jam-Dex, short for Jamaican Digital Exchange, in 2022, which was supported by an airdrop event to expedite its widespread adoption. More recently, Aldo Antonio, co-founder and acting executive chairman of the National Transporters Alliance Group (NTAG), revealed his efforts to spread Jam-Dex adoption among the transport community. According to a local report…

Grayscale’s SEC Victory Does Not Ensure Bitcoin Spot ETF Approval

“Grayscale obtained the chance of seeing their filing re-evaluated by the SEC as the causes of rejection did not seem fair to the judge,” said Matteo Greco, research analyst at Fineqia International (CSE:FNQ), in a note to CryptoX Wednesday. “It doesn’t mean that now Grayscale will be 100% able to list a spot Bitcoin ETF, nor that this will happen in the future.” Source ApprovalBitcoinEnsureETFGrayscalesSECSpotVictory CryptoX Portal

Bitcoin Cash Records Surprising 20% Rally

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Bitcoin Cash (BCH) and several prominent altcoins are experiencing an upward trajectory in their trading prices, attributed to a recent report indicating a favorable ruling by the US federal appeals court.  The court’s decision suggests that the US Securities and Exchange Commission (SEC) erred in its rejection of Grayscale’s application for a spot bitcoin exchange-traded fund (ETF).  This development has once again underscored the impact of positive regulatory news on the sentiment and valuation of the cryptocurrency market. Regulatory Reassurance Boosts BCH, Overall Market Confidence The crypto market has long…

Hong Kong’s SFC Grants Swiss Bank Seba In-Principle Approval

“Complementing Seba Group’s established licenses in Switzerland (FINMA) and Abu Dhabi (FSRA), the Hong Kong AIP significantly extends our global regulatory footprint,” CEO Franz Bergmueller said in a statement. “Seba Group aligns itself with the Hong Kong government and its financial regulators in facilitating an environment that supports the responsible growth of the digital assets industry.” Source

Hong Kong’s first licensed retail crypto exchange HashKey eyes 2024 bull run

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Hong Kong retail cryptocurrency traders now have access to a locally based cryptocurrency exchange, with HashKey Exchange launching retail trading services to users in China’s special administrative region on Aug. 28. The company was previously permitted to serve professional and institutional investors before being granted Type 1 and Type 7 licenses by the Hong Kong Securities and Futures Commission (SFC) on Aug. 3. This paved the way to becoming the first licensed retail exchange in Hong Kong.  Figures from Hong Kong’s treasury, banking, accounting and Web3 ecosystem marked the launch of retail trading…

Triple Bottom Or Desc. Triangle?

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Shiba Inu (SHIB) price is once again at a crucial crossroads. Currently, it’s down a staggering 91% from its all-time high (ATH) of $0.00008845, recorded in October 2021. Over the past year, the token has been on a consistent downtrend, marking lower highs and lower lows on the monthly time frame. But all is not bleak for SHIB investors. The recent relaunch of Shibarium, a layer 2 blockchain, is a beacon of hope. This move is seen as Shiba Inu’s attempt to transition from its meme coin status to a…

EOS Can Now Be Traded Against Japanese Yen

“Securing regulatory approval from the JVCEA is a monumental achievement for EOS, affirming our steadfast commitment to compliance,” said Yves La Rose, CEO of the EOS Network Foundation, in a note to CoinDesk. “This landmark approval ushers in new prospects for EOS in the Japanese market, fostering stronger connections with discerning businesses and developers seeking robust blockchain solutions, in particular within the gaming industry.” Original Source EOSJapaneseTradedYen CryptoX Portal