Cryptocurrency Analysis and News Portal
Paxos received the in-principle approvals (IPAs) of the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM) to offer USD-backed stablecoins among other crypto services. In a bid to expand its crypto-related services in the Middle East, Paxos Trust Company LLC has announced that it has received the
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Recent scams in the Hong Kong crypto scene has prompted calls for tighter regulation and increased regulatory powers to tackle crypto fraud. Hong Kong is contemplating tightening regulatory measures to tackle crypto scams, as Chief Executive John Lee Ka-chiu announced a review of legislation following an alleged fraud of HK$148 million ($19
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Ether (ETH) is struggling to maintain the $2,000 support as of Nov. 27, following its third unsuccessful attempt in 15 days to surpass the $2,100 mark. This downturn in Ether's performance comes as the broader cryptocurrency market sentiment deteriorates, thus one needs to analyze whether It’s possible that recent developments, such
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Ethereum (ETH) price is currently retesting a crucial support/resistance zone around $2,130 with the bulls rejuvenated for a robust bullish breakout. The second largest digital asset by market capitalization Ethereum (ETH) has attracted notable attention amid the ongoing Web3 mainstream adoption fueled by institutional investors. The recent Ethereum spot exchange-traded fund
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Legal experts, including Ripple lawyer John E. Deaton, share Armstrong’s optimism, speculating that Coinbase will be a significant beneficiary of Binance’s regulatory challenges. Recent developments have thrust Coinbase Global Inc (NASDAQ: COIN) into the spotlight, positioning it as the frontrunner following regulatory challenges faced by its main rival, Binance. The collapse of
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Bittrex stated that the decision to cease operations was not taken lightly, acknowledging the inconvenience this may cause to its customers. Bittrex Global, one of the largest cryptocurrency exchanges in the United States before 2021, unexpectedly announced that it will cease all operations starting Monday, December 4, 2023. According to Bittrex Global’s
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The Monetary Authority of Singapore (MAS) recently unveiled a regulatory framework aimed at enhancing the stability of single-currency stablecoins. The framework, according to Bloomberg, is set to be applicable to non-bank issuers of single-currency stablecoins linked to the Singapore dollar or any G10 currencies, provided their circulation surpasses S$5 million. Singapore’s
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IOSCO, the international regulatory body overseeing securities markets, has released its conclusive report containing policy suggestions for crypto and digital asset (CDA) markets.The suggestions within this report play a crucial role in formulating a unified global regulatory approach to address the substantial risks to investor protection and market integrity posed
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Cryptocurrency may be "out of fashion", but it still draws new users to Web3 every day, in particular in emerging markets such as Brazil, according to Bitcoin maximalist José Ribeiro, CEO of crypto exchange Coinext. During the Web Summit in Lisbon, Ribeiro discussed with Cryptox's Joe Hall Bitcoin's perspectives, Brazil's vibrant
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As the crypto space continues to evolve, regulatory scrutiny is shifting towards privacy coins, with authorities wary of their misuse in activities such as money laundering. Unlike mainstream digital currencies such as Bitcoin (BTC) or Ethereum (ETH), privacy coins are specifically created to offer users greater anonymity and privacy for their
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