“Bitkub is currently in the process of resolving various issues as per the recommendations and orders of the Securities and Exchange Commission, Thailand, which are uncertain in terms of timeframe in resolving those issues. As a result, the Buyer and the Seller have agreed to terminate the Transaction,” Siam Commercial said. Source
The South Korean authorities are now cracking down on overseas cryptocurrency exchanges as 16 such platforms operate in the country without authorization, local media The Korea Times reported. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. Among the illegal platforms are reputed global names like KuCoin and MEXC, which, according to the Korea Financial Intelligence Unit, have allegedly violated the peninsula’s Financial Information Act. All of these platforms offer cryptocurrency exchange Cryptocurrency…
Some of the largest securities firms in South Korea are on schedule to launch a virtual asset exchange in H1 2023, led by the Financial Investment Association. According to local news, the financial firms have applied for government approval to initiate the exchanges. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. An official from one of the securities companies said: “The discussions necessary for the establishment are currently being finalized internally. “Details…
Cryptocurrency exchange, Bitget announced on Wednesday the extension of its big-ticket sports sponsorship deal with the Italian football club, Juventus for another year. Originally, inked last September, the crypto company will continue to sponsor the football club in the 2022-23 playing season. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. With the extension, the branding of the crypto exchange will continue to appear on the sleeves of the jersey of the Juventus…
Arcane Research says that investors are moving their Bitcoin (BTC) out of exchanges as crypto users increasingly prefer holding their own digital assets. In a new report, the crypto insights firm says that the benchmark digital asset has been flowing out of exchanges for seven of the past eight months of 2022. Source: Arcane Research According to the report, Bitcoin deposits saw an uptick in May, but BTC in exchanges plunged again in June as investors withdrew their assets after the collapse of Terra (LUNA). From a positive net flow…
A major cryptocurrency selloff in June 2022 has sparked more interest in Bitcoin (BTC) from institutional investors, according to data from one of the biggest banks in Singapore. The total number of trades on DDEx more than doubled in June 2022 as compared to April 2022 amid the growing investor appetite for digital assets like Bitcoin and Ether (ETH). Buy orders on DDEx accounted for 90% of all trades in June as cryptocurrencies traded at notable discounts in mid-2022, DBS said. Compared to April 2022, the amount of Bitcoin purchased…
A sophisticated scam using deepfake tech managed to drain liquidity from a Brazilian crypto exchange. In June 2022, the FBI issued a warning that fraudulent investment scams on LinkedIn are rising. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. As LinkedIn is widely used for business networking, many find investment offers on the social media platform to be legitimate. Sean Ragan, the FBI’s special agent in charge of the San Francisco and…
As they are not subject to total regulation by any central banking authority, cryptocurrencies not only offer businesses a higher level of security, but also lower transaction costs. Apart from their intended use as payment methods, cryptocurrencies can also be used as investment vehicles to help businesses grow. Additionally, these technologies can be used to attract and retain particular target markets. For example, businesses that use crypto will be better able to attract tech-savvy, transnational, or entrepreneurially-minded individuals as customers or partners. How Can Your Business Get Started with Using…
Samsung Securities is among seven large South Korean securities companies that have applied for government approval to create a virtual assets exchange, according to a report in South Korean publication Newspim. The companies aim to create a corporation to open an exchange in the first half of next year. Newspim quoted an unidentified executive as saying that discussions on the project are now being finalized. According to the local coverage, Samsung Securities had been studying ways to develop and operate a securities token trading platform but was unable to recruit the…
Crypto exchange FTX reportedly saw massive growth during the crypto bull run of 2021 when markets hit all-time highs. Citing information from leaked financial documents, CNBC reports that the firm generated $1.02 billion in 2021, a more than 1,000% increase from its revenue of $89 million in 2020. Operating income increased from $14 million to $272 million during the same timeframe. Net income also rose from $17 million to $388 million. The exchange held $2.5 billion in cash at the end of 2021 and profit margins for the year were…