Day: October 9, 2023

Binance, OKX to comply with new financial promotions rules in UK

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Major global cryptocurrency exchanges like Binance and OKX have announced that they’re working to comply with new financial promotion regulations in the United Kingdom. The Financial Conduct Authority (FCA) of the U.K. enacted the country’s new Financial Promotions (FinProm) Regime on Oct. 8 for cryptocurrency firms, aiming to ensure fair, clean and transparent crypto promotions. Binance announced on Oct. 6 that it has launched a new domain for U.K. users and partnered with the local peer-to-peer lending platform Rebuildingsociety. In line with the compliance update, Binance’s U.K. retail users will…

HTX Exchange Reclaims $8M in ETH Stolen in Hack Attack

The exchange has already received the funds back. The hacker received a 5% white-hat incentive, or a remuneration of 250 ETH for restoring the funds, as well as a job offer to work as a white-hat security adviser. Huobi Global‘s HTX crypto exchange has confirmed a refund of the funds stolen in September. The total sum of the refund has amounted to $8.2 million worth 4,999 Ethereum (ETH). Seems that the company has negotiated with the hacker, and as a result of the talks, the hacker made “the right choice” agreeing to…

War, CPI and $28K BTC price — 5 things to know in Bitcoin this week

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Bitcoin (BTC) starts the second week of October up 4% month-to-date as geopolitical instability provides a snap market focus. BTC price action continues to hold steady at $28,000, but what will happen next as markets react to the war in Israel? In what could end up a volatile period for risk assets, Bitcoin has yet to offer a significant reaction, spending the weekend in a tight corridor. That could soon change, however, as the Wall Street open comes amid a hike in oil and gold, along with U.S. dollar strength.…

Huobi, KuCoin, over 140 crypto exchanges ‘non-authorized’ — UK regulator

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The United Kingdom’s financial markets regulator, The Financial Conduct Authority (FCA), had a busy Sunday on Oct. 8, adding several crypto exchanges to its warning list of non-authorized firms that customers “should avoid.” 143 new entities were added to the warning list, including major exchanges such as Huobi/HTX and KuCoin, founded in China and Singapore respectively. The warning list doesn’t tell much apart from the “You should avoid dealing with this firm” imperative. Related: CoinShares-backed Komainu secures crypto custodian registration in UK However, in the U.K., firms permitted to “carry…

Binance CEO Foresees Major Bitcoin Price Shift Post-Halving

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As the crypto community’s anticipation heightens for the upcoming Bitcoin halving, Changpeng Zhao (CZ), CEO of Binance, recently elucidated his observations around the historical patterns tied to this quadrennial event. Highlighting the evolving sentiments and speculations, CZ spotlighted the dominant themes before and after the halving events. CZ observed that the preceding months to the halving are generally characterized by heightened discourse, diverse sentiments, and amplified expectations within the cryptocurrency sphere. “The few months leading up to the Bitcoin halving, there will be more and more chatter, news, anxiety, expectations,…

Sam Bankman-Fried $500M Anthropic stake irrelevant to case, prosecutors say

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United States prosecutors have requested the court presiding over Sam Bankman-Fried’s trial to bar his legal team from making any arguments relating to the potential recovery of FTX customer assets that were invested in Anthropic. Bankman-Fried invested $500 million in the artificial intelligence startup in April 2022. The U.S. government is set to present evidence that the Anthropic investment was made using misappropriated funds from FTX customer deposits. Anthropic has made headlines in recent weeks as it looks to raise fresh funds from investors, courting the likes of Amazon and…

investors can consider THORChain, Everlodge, and Toncoin

In crypto, identifying high-potential assets can be a crucial strategy for investors. Among the numerous available options, THORChain (RUNE), Toncoin (TON), and Everlodge (ELDG) are noteworthy. This article explores their potential. Let’s dive in. Summary THORChain’s interoperability and robust infrastructure position it for growth Toncoin’s unique value proposition puts it on a bullish path Everlodge’s concept and tokenomics fueling growth THORChain: expanding defi THORChain is a decentralized liquidity protocol that allows for easy exchange of crypto assets across various networks without compromising asset security.  This unique approach has caught the…

XRP Journey to $0.55: Is a Breakthrough Imminent?

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XRP has been in the spotlight recently as it exhibits intriguing price dynamics. Amidst the turbulent waters of the crypto market, XRP seems to be carving out a path towards a significant upswing. Early last week, it faced yet another pullback from the stubborn resistance level at $0.55, a steadfast battlement that has thwarted crypto buyers repeatedly in the past two months. The $0.55 resistance level has proven to be a tough barrier for XRP enthusiasts, with four unsuccessful attempts to breach this significant threshold. Each time, rejection candles have…