Category: Exchanges

Bank of Russia Proposes Wide Ban on Cryptocurrency Use, Trade, Mining – Regulation Bitcoin News

boss

True to its hardline stance on decentralized digital money, the Central Bank of Russia is now pushing for a wide-ranging ban on crypto-related activities such as issuance, exchange, and mining. A consultation paper published by the regulator cites threats to financial stability and citizens’ wellbeing among the main reasons for the proposed restrictions. Russia’s Central Bank Seeks Public Opinion on Restrictive Crypto Policy The monetary authority of Russia is advocating a ban on an array of crypto activities in a report titled “Cryptocurrencies: Trends, Risks, Measures.” The document was published…

Cardano Launches First Decentralized Exchange Built on ADA, Triggering Price Spike

boss

Cardano (ADA) is surging after launching the first-ever decentralized exchange (DEX) built on the smart contract platform. According to a statement made by the SundaeSwap (SUNDAE) team, the fully functional beta version of the DEX premiered today on Cardano. Its launch boosted Cardano from its day-low of $1.32 to $1.42, a 7.5% increase. The fifth-largest crypto asset by market cap has since stabilized and is exchanging hands at $1.40 at time of writing. SundaeSwap’s utility token, SUNDAE, allows holders to trade, stake, and lend coins as well as vote on…

Crypto Exchange Titan Binance Lists New Blockchain MMO Strategy Gaming Altcoin

boss

A new massively multiplayer online (MMO) strategy game that harnesses the power of blockchain technology just entered the crypto world after joining the Binance marketplace. In a recent announcement, crypto exchange giant Binance says that the native governance token of League of Kingdoms (LOKA), a Medieval-themed metaverse battle game, will now be available for trading. The freshly minted altcoin launched today with a price of $2.42 and has since risen by 7% to its current valuation of $2.59. League of Kingdoms goes beyond the traditional strategic fighting game format by…

NYC Mayor Adams to receive first paycheck in cryptocurrency Friday

boss

On Thursday, New York City Mayor Eric Adams announced he would be taking his first paycheck in Bitcoin (BTC) and Ether (ETH), with the funds arriving Friday. The salary will not be directly paid out as crypto; instead, it will be first issued in fiat as U.S. dollars and then converted into the digital currencies on crypCoinbase. Due to United States Department of Labor and various state-level regulations, resident U.S. employees typically cannot receive their remuneration directly in cryptocurrency. This is partly because the Internal Revenue Service classifies dollar wage payments…

Animoca Brands Leads $6.5M Round for Decentralized Exchange Soma.Finance

boss

Soma.Finance, a decentralized exchange for trading digital assets and compliant digital securities, has completed a $6.5 million seed round led by blockchain gaming and open metaverse company Animoca Brands. Soma aims to be a fully compliant decentralized exchange (DEX) and product suite for institutions and retail investors. Proposed services include built-in know-your- customer (KYC) and anti-money laundering (AML) functions, digital asset trading and permissionless regulated automated market making (AMM). The company was founded as a joint venture between Hong Kong-based decentralized finance (DeFi) platform Mantra DAO and New York-based Tritaurian…

Binance Becomes the Blockchain and Cryptocurrency Industry’s First To Join the National Cyber-Forensics and Training Alliance (NCFTA)

boss

Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, today announced that it has joined the National Cyber-Forensics and Training Alliance (NCFTA), a nonprofit corporation focused on identifying, validating, mitigating and neutralizing cybercrime threats. Binance is the first organization from the blockchain and cryptocurrency industry to formally join the alliance. The NCFTA was established in 2002 to enable the responsible sharing of information and subject matter expertise with partners from private sector industries, law enforcement and academia. Its goal is to develop and share threat intelligence as part of the…

Iran Plans to Introduce National Cryptocurrency Soon

boss

According to a recent report published by Tehran Times, Iran is planning to roll out the pilot phase of its national cryptocurrency in the near future. Mehran Moharamian, Vice Governor for IT affairs at the Central Bank of Iran (CBI), highlighted the potential benefits of cryptocurrency assets in the country’s financial sector. According to Moharamian, digital currencies serve as a solution for inconsistencies in the financial system. CBI has been working on the national cryptocurrency for the last few years. While Iran is in support of the use of digital…

Retail Giant Walmart Files Trademarks for Its Own NFT Marketplace and Cryptocurrency

boss

New trademark documents indicate retail giant Walmart is interested in joining the world of non-fungible tokens (NFTs) and crypto. According to the U.S. Patent and Trademark Office (USPTO), the retail corporation has submitted a United States trademark application for an NFT marketplace that provides a platform for “buyers and sellers of downloadable digital goods authenticated by non-fungible tokens.” In a separate application, Walmart filed for a virtual currency trademark relating to “financial transaction services involving cryptocurrency non-fungible tokens and blockchain technology.” A third application involves software associated with cryptocurrencies that “allows users…

NCFTA onboards crypto exchange Binance to fight against cybercrime

boss

The National Cyber-Forensics and Training Alliance (NCFTA), an American non-profit, onboarded its first crypto firm Binance to aid their ongoing battle against cybercrimes.  Founded in 2002, the NCFTA partners with law enforcement and various business and academic entities to source threat intelligence to identify and mitigate cybercrime threats. By partnering with Binance, the world’s biggest crypto exchange in terms of trading volume, the NCFTA aims to tackle international cybersecurity investigations. According to Binance’s VP of Global Intelligence and Investigations, Tigran Gambaryan, the exchange aims to be the leading contributor in…