Cryptocurrency Analysis and News Portal
Huobi Tech is introducing crypto lending for institutional investors in Hong Kong, according to a company press release shared with CryptoX.The loans will range from $10,000 to $100 million in USDT and other currencies, and will carry an 8.8% fixed-term annual percentage rate, a company representative told CryptoX via email.The
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A recent update to Her Majesty’s Revenue and Customs (HMRC) regulations has introduced a digital services tax that will be levied on cryptocurrency exchanges operating in the United Kingdom.Crypto exchanges in the UK will now have to pay a 2% digital services tax according to a Telegraph report. Britain’s tax
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Etoro, an Israel-based trading platform, has taken action on its platform regarding the trading of cardano and tron. Now, U.S.-based customers will have limited functionality with these cryptocurrencies on the Etoro platform starting in December. Etoro explained in a post that these new measures were a consequence of “business-related considerations
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The Office of the Comptroller of the Currency (OCC) wants banks to be very sure they can provide crypto services before they do so. The federal bank regulator published an interpretative letter Tuesday telling banks to be very clear they can comply with existing regulations around stablecoins and other cryptocurrency
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“In a world of low-interest yields and outdated infrastructure, digital assets are rapidly increasing in appeal,” said Jesse Hemson-Struthers, BVNK’s CEO. “Unsurprisingly, there is a clear appetite among mid-market enterprises for financial services rooted in the world of cryptocurrencies. It will take time, however, before mainstream banks incorporate digital assets.” Original
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After becoming one of the top non-fungible token (NFT) marketplaces, the Tezos-based NFT market Hic et nunc has discontinued its services. After more than $50 million in all-time sales on the market, Hic et nunc’s creator has not disclosed why the NFT marketplace was shut down. Tezos-Based NFT Marketplace Shuts
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Huobi Global, one of the world’s largest cryptocurrency exchanges by trading volumes, is winding down operations in Singapore shortly after exiting China.Huobi will have shut down accounts of all Singapore-based users by the end of March next year, the company officially announced late Tuesday.All Huobi clients based in Singapore should
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A Huobi subsidiary, Huobi Technology (Gibraltar) Co. Ltd., received a distributed ledger technology license (DLT) from the local FSC, which allows the company to use DLT technology to store or transmit value belonging to others, the press release said. Original Source
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On November 5, Bakkt Holdings announced that the firm will soon let customers buy, sell, and store ethereum after offering bitcoin only since the company’s launch. The firm notes that adding ethereum comes at a time when digital currency interest and adoption continue to see significant growth. Bakkt Announces Ethereum Support Bakkt
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Companies issuing digital assets, or providing fiat on-ramps and crypto trading services would have to notify Kazakhstan’s Ministry of Digital Development, Innovation and Aerospace Industry when they launch their services or shut them down, Sputnik said. Source
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