Binance suspends SEPA euro deposits as CZ calls compliance a ‘journey’
Facing an onslaught of regulatory scrutiny, Binance CEO calls crypto regulations ‘positive sign’ of a maturing industry and announces new hires in compliance.
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Crypto.com inks partnership deal with martial arts company UFC
Mixed martial arts organization UFC and Hong Kong-based cryptocurrency exchange Crypto.com today announced a partnership that will see Crypto.com become UFC’s first global official fight kit partner. Fast facts Apart from Crypto.com’s logo placement on UFC fight kits, Crypto.com will, as UFC’s cryptocurrency platform partner, have a brand presence inside the Octagon during all pay-per-view…
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Will Basel Committee’s proposed rules for crypto banking fly?
The standards-setter for banks around the world wants to subject crypto like Bitcoin to higher capital requirements. What do industry players think?
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Hackers demand $70m in Bitcoin ransom from US software company Kaseya
A ransomware attack on U.S. software company Kaseya has likely affected between 800 and 1,500 businesses around the world, the company said in a statement on Monday, as the group claiming responsibility for the attacks demands US$70 million in Bitcoin to release user’s data. Fast facts Cybercrime group REvil, which is linked to Russia, claimed…
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Pavilions hotel chain to begin accepting crypto as payment
Global resort group Pavilions Hotels & Resorts will allow its customers to use crypto to book stays as of tomorrow, its managing director for Asia has told Forkast.News. Fast facts Scot Toon said Pavilions had partnered with British payment service Coindirect to allow guests paying in more than 40 cryptocurrencies, including Bitcoin and Ethereum, to…
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Bitcoin and Ethereum see positive institutional investment flows as Grayscale adds Cardano to large cap fund
Institutional sentiment appears to be shifting back to being positive toward crypto as crypto investment products saw inflows of US$63 million for the first time in five weeks, according to a report by CoinShares, Europe’s largest digital asset investment firm. Previously, there were four straight weeks of crypto fund outflows. Fast facts: “For the first…
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Cardano expands access to ecosystem with Nexo and Orion partnerships
Input Output Hong Kong, one of the companies behind the Cardano blockchain, is expanding the Cardano ecosystem through partnerships with Nexo, a cryptocurrency lending platform and decentralized finance liquidity aggregator Orion Protocol. Fast facts Input Output Hong Kong is partnering with Nexo to integrate ADA — the native cryptocurrency of the Cardano blockchain — to the…
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Ether hits two-week high as Ethereum’s London upgrade nears
The price of Ether has jumped to a fortnight high as Ethereum’s London EIP-1559 upgrade draws close and investors look to get back into alt-coins.
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South Korean crypto exchanges tighten personal trading rules for employees
Three of the biggest cryptocurrency exchanges in South Korea have tightened restrictions on virtual currency trading by their employees in a move designed to comply with the nation’s crypto regulations. Fast facts Bithumb announced that starting this month, it had banned its employees from trading cryptocurrencies using Bithumb accounts. The exchange has made employees sign…
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Philippine bourse eyes role as crypto exchange
The Philippine Stock Exchange wants to be the country’s platform for trading crypto assets when regulators issue rules to govern the sector, according to a report by CNN Philippines. Fast facts Stock exchange President and CEO Ramon Monzon said the bourse’s management had first discussed the idea of setting up a domestic crypto exchange two…