“The establishment of exchanges, clearing houses and managers of crypto asset storage is proof that the government is present in an effort to create a fair and fair crypto asset trading ecosystem to guarantee legal certainty and prioritize protection for the public as customers,” Didid Noordiatmoko, head of the Indonesian Commodity Futures Trading Supervisory Agency (Bappebti), said in a statement to the press. Source
Kraken’s chief legal officer Marco Santori says crypto assets on his exchange undergo a multi-pronged compliance, cybersecurity and legal review process before being listed for trading. Santori explains in a new interview with Real Vision Crypto that Kraken weeds through thousands of crypto assets and chooses to support “only a few” tokens. “We do that via a few different methods. One is, of course, the business case. Do we believe there’s actual interest from our users in this asset? Once that has been established — and that, by far, is…
The crypto trading platform plans to hire up to 60 new members of staff in the region. Source
Top global crypto exchange Binance is reportedly eliminating some employee benefits due to a decrease in profits. Anonymous former company employees told the Wall Street Journal that the exchange sent out an email last month announcing it was putting a stop to work-from-home expenses and reimbursements for mobile phones and fitness, among other benefits. The WSJ also viewed a message from Binance’s internal messenger that confirmed those details. Said the message, “Considering the current market environment and regulatory climate that has unfortunately led to a decline in profit, we have…
Cryptocurrency exchanges are finding novel ways to improve internal departments and functions using artificial intelligence, according to Bitget managing director Gracy Chen. Speaking to Cointelegraph editor Zhiyuan Sun during EthCC in Paris, the exchange’s MD highlighted a number of ways in which the exchange is incorporating AI tools into everyday processes. Chen said that the company has actively asked its management team to give feedback on which AI tools and services they are using and experimenting with across departments. Related: Vitalik Buterin shares account abstraction challenges in Ethereum: EthCC AI has been…
Crypto whales have suddenly come to life in the last 24 hours, with massive amounts of coins being sent to exchanges as markets start to show signs of possible weakness. Blockchain monitoring service Whale Alert has spotted numerous large entities sending large stacks of Bitcoin (BTC) and other digital assets to various crypto exchanges. Whale Alert spotted two transfers of Ethereum (ETH) worth over $40 million from unknown wallets to crypto exchange Coinbase, just hours apart, before another wallet was spotted sending $28 million in ETH to Gate.io. Hours later,…
Mahe, Seychelles We are thrilled to announce that TET, the top-performing token on Uniswap, will be listed on the esteemed MEXC Exchange. This listing represents a significant milestone for the Tectum project and opens up exciting opportunities for investors and traders worldwide. The listing on MEXC Exchange is scheduled to take place on July 18, 2023, at 3:00 pm UTC. MEXC Exchange is renowned for its robust trading infrastructure, high liquidity and a wide range of trading pairs. With this strategic move, TET aims to provide its community with enhanced…
Changpeng “CZ” Zhao, Binance’s CEO, however, told workers in a company meeting on Friday that Binance was still profitable and had not been impacted by the recent lawsuit against it by the U.S. Securities and Exchange Commission, according to attendees at the meeting that spoke to the Journal. He did say, though, that there could be additional layoffs every three to six months and that he did not know if and when the worker benefits that had been cut would be coming back. Source
In March 2020, Simon Harman and the team at Oxen (formerly known as LOKI) found themselves in a tight spot. It was the start of the global pandemic, and they were running out of funding, having worked to build products for three years during a bear market. To top it all off, Bitcoin’s value had just dropped to a historic low of $3,000. “We were staring down the barrel of death, basically,” Harman recalls. It was clear that to survive the team needed to develop new products—ideally, ones that operated…
National Australia Bank (NAB) has actively taken measures to safeguard its customers from financial scams, recently intervening in transactions worth over $270 million. This move comes as a response to the rising scam concerns between March and July. Additionally, NAB is introducing restrictions on payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern…