However, “it’s noteworthy that the recent circular did not mention any indigenous crypto exchanges, likely because many Nigerian crypto companies, such as Flincap, have been actively pursuing the required licenses,” said Nathaniel Luz, CEO of Flincap, a platform for OTC crypto exchanges. Source
Day: April 24, 2024
ICO yn dirwyo dau gwmni cyfanswm o £340,000 am wneud galwadau marchnata ymosodol a digroeso
Bron 1.43 miliwn o alwadau wedi’u gwneud dros gyfnod o 13 mis Derbynwyr y galwadau ffôn i gyd ar gofrestr “peidio â ffonio” y Deyrnas Unedig Tystiolaeth bod pobl oedrannus a bregus wedi’u targedu. Mae Swyddfa’r Comisiynydd Gwybodaeth (ICO) wedi rhoi dirwy o £240,000 i gwmni Outsource Strategies Ltd (OSL) o Gaerdydd a £100,000 i Dr Telemarketing Ltd (DRT) o Lundain, ar ôl i’r cwmnïau wneud cyfanswm o bron i 1.43 miliwn o alwadau i bobl ar gofrestr “peidio â ffonio” y Deyrnas Unedig, sef y Gwasanaeth Dewisiadau Ffôn…
South African Regulator Licenses 75 Institutions as Crypto Asset Service Providers
South Africa’s Financial Sector Conduct Authority said on April 22 that it has approved 75 institutions to be licensed as crypto asset service providers (CASPs). The regulator said the unveiling of licensed CASPs is intended to dispel misconceptions arising from the supposedly misleading media reports. FSCA Continues to Receive License Applications The Financial Sector Conduct […] Source CryptoX Portal
ICO fines two companies a total of £340,000 for making aggressive and unwanted marketing calls
Almost 1.43 million calls made over a 13-month period Recipients of phone calls all on the UK’s “do not call” register Evidence of elderly and vulnerable people being targeted. The Information Commissioner’s Office (ICO) has fined Cardiff-based Outsource Strategies Ltd (OSL) £240,000 and London-based Dr Telemarketing Ltd (DRT) £100,000 after the companies made a total of almost 1.43 million calls to people on the UK’s “do not call” register, the Telephone Preference Service (TPS). The calls, all made between 11 February 2021 and 22 March 2022, resulted in 76…
Bitcoin (BTC) Bulls Pin Hopes on Weaker Dollar to Extend Rally
The U.S. dollar is a global reserve and invoicing currency, playing a major role in international debt, non-bank borrowing, and global trade. When the dollar appreciates, USD-denominated debt becomes expensive, which, in turn, disincentivizes risk-taking in financial markets. A weaker dollar has the opposite effect. As such, over the years, bitcoin and the broader crypto market have tended to move in the opposite direction of the DXY, just as stocks and gold. Original
What’s at Stake for Crypto in India as the World’s Largest Democracy is in the Midst of Its National Election?
Neither major party, Modi’s BJP nor the INC, have mentioned the words cryptocurrency, blockchain or Web3 in their manifestos. However, this isn’t necessarily reflective of their plans toward the ecosystem. Indian government and political stakeholders, like other nations, have often used euphemisms to refer to the crypto-related space. Source
HBAR Token Price Soars 96% After Misinterpreted Blackrock Announcement
A misinterpreted announcement by the HBAR Foundation suggested that Blackrock’s ICS US Treasury Fund was tokenized on the Hedera blockchain in partnership with Archax and Ownera, leading to a significant misunderstanding and a 96% increase in the HBAR token price within 24 hours. However, Blackrock had no direct involvement in the tokenization process, as clarified […] Source CryptoX Portal
Arthur Hayes’ ‘Left Curve’ Strategy
In his latest essay, Arthur Hayes, the former CEO of crypto exchange BitMEX, introduced a bold investment philosophy he calls the “Left Curve.” This strategy diverges sharply from traditional investment approaches typically adopted during bull markets in the crypto world. Hayes’ essay serves not only as an investment manifesto but also as a critique of conventional financial wisdom, encouraging investors to maximize their returns by embracing more aggressive tactics. Crypto Bull Run Just Got Started Hayes begins by criticizing the common investor mentality that prevails during bull markets, particularly the…
Hedera’s HBAR Token Doubles, Then Falls 25%, as BlackRock Links Diminish
The HBAR token is still up by 61% over the past 24 hours, but the 2% market depth remains relatively thin, with $900,000 in cumulative bids on the Binance and Upbit order books within 2% of the current price of 14 cents. The token has over $2.6 billion in trading volume over the past 24 hours, according to CoinMarketCap. Source
In Mexico’s Biggest Election Yet, Crypto Remains on the Sidelines
Sheinbaum has indicated that the economic-integration between the U.S. and Mexico is such that whoever, Donald Trump or Joe Biden, comes to power, she’s confident of having a good relationship with both, if she came to power. Mexico is the largest market for remittances from the U.S. Her party’s government has so far kept crypto on the sidelines of financial integration, imposing a 20% tax on crypto gains, but without comprehensive legislation. A fintech law and other regulations require cryptocurrency exchanges in the nation to be registered under global requirements…