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Day: October 17, 2023

  1. Home
  2. 2023
  3. October
  4. 17
Bahamas Government Criticized for Lax Crypto Regulation as Premier Seeks Favor from FTX
  • bob
  • 2023-10-17
  • Cryptocurrency Exchanges
  • Government Policies and Cryptocurrency Adoption
  • North America
  • Regulatory Developments

Bahamas Government Criticized for Lax Crypto Regulation as Premier Seeks Favor from FTX

The cozy relationship between the premier and officials in the Bahamas has come to light with the premier’s request to Bankman-Fried in September 2022. The Bahamas government has faced criticism for its lenient regulation of crypto companies, particularly in the case of FTX exchange. Despite operating without a license for over two years, FTX was […]

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Interim Speaker McHenry’s Role in Limbo as House Struggles to Elect New Speaker
  • bob
  • 2023-10-17
  • Cryptocurrency Regulations
  • Government Policies and Cryptocurrency Adoption
  • North America

Interim Speaker McHenry’s Role in Limbo as House Struggles to Elect New Speaker

North Carolina Representative Patrick McHenry, a strong advocate for cryptocurrencies, is currently serving as the interim Speaker of the United States House of Representatives. This position was temporarily assigned to him after his Republican colleague, Kevin McCarthy, was ousted on October 4th. However, McHenry’s authority is limited to the Speaker vote and he cannot move […]

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Uniswap Introduces 0.15% Swap Fee on Select Tokens, Raises Questions for Traders
  • bob
  • 2023-10-17
  • Asia
  • Cryptocurrency Exchanges
  • Cryptocurrency Innovations
  • Market Analysis and Predictions

Uniswap Introduces 0.15% Swap Fee on Select Tokens, Raises Questions for Traders

Uniswap, a decentralized exchange, has implemented a 0.15% swap fee on certain tokens, sparking questions about its impact on traders. This fee change could generate daily fees ranging from $388,000 to $444,000 on Uniswap V3. Approximately 35% to 40% of the platform’s transaction volume occurs on the front end. The targeted tokens for this fee […]

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European Union’s Crypto Investor Protections Delayed, Caution Urged
  • bob
  • 2023-10-17
  • Cryptocurrency Regulations
  • Europe
  • Market Analysis and Predictions
  • Regulatory Developments

European Union’s Crypto Investor Protections Delayed, Caution Urged

The European Union’s efforts to regulate the crypto industry and provide confidence to investors may take longer than expected. The transition to the Markets in Crypto-Assets Regulation (MiCA) framework, which aims to standardize regulations for crypto assets and service providers across the EU, has been delayed. The European Securities and Markets Authority (ESMA) has stated […]

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ESMA Warns Crypto Investors of Risks as MiCA Implementation Delayed
  • bob
  • 2023-10-17
  • Cryptocurrency Regulations
  • Europe
  • Market Updates
  • Regulatory Developments

ESMA Warns Crypto Investors of Risks as MiCA Implementation Delayed

ESMA, the European Securities & Markets Authority, has issued a warning to crypto investors regarding the implementation of the Markets in Crypto-Assets Regulation (MiCA). The regulatory framework, approved by the European Union earlier this year, is expected to take until December 2024 to be fully implemented. This means that crypto investors will remain at risk […]

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South Korea’s Financial Supervisory Service to Introduce New Regulations for Virtual Assets
  • bob
  • 2023-10-17
  • Asia
  • Cryptocurrency Exchanges
  • Cryptocurrency Regulations
  • Regulatory Developments

South Korea’s Financial Supervisory Service to Introduce New Regulations for Virtual Assets

South Korea’s Financial Supervisory Service (FSS) is working on regulations to complement the Virtual Asset Users Protection Act, which was recently passed. The FSS aims to have these regulations ready by January, well in advance of the law taking effect. During an audit conducted by the South Korean National Assembly Political Affairs Committee, FSS head […]

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Binance Halts New User Registrations in the UK Amid FCA Restrictions
  • bob
  • 2023-10-17
  • Cryptocurrency Exchanges
  • Cryptocurrency Regulations
  • Europe
  • Regulatory Developments

Binance Halts New User Registrations in the UK Amid FCA Restrictions

Major cryptocurrency exchange Binance has temporarily halted the onboarding of new users from the United Kingdom. This decision comes after the exchange’s previous local partner, Rebuildingsociety.com Limited (REBS), was restricted by the UK financial regulator, the Financial Conduct Authority (FCA), from approving cryptocurrency marketing materials. Binance is now searching for a new FCA-authorized partner to […]

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Cryptocurrency Creator Warns of Dangers of Central Bank Digital Currencies
  • bob
  • 2023-10-17
  • Cryptocurrency Innovations
  • Cryptocurrency Regulations
  • Government Policies and Cryptocurrency Adoption
  • World

Cryptocurrency Creator Warns of Dangers of Central Bank Digital Currencies

Cardano creator Charles Hoskinson believes that the real battle in the digital asset space is between cryptocurrencies and central bank digital currencies (CBDCs). In an interview, he warns of the dangers of CBDCs and emphasizes the importance of decentralized crypto. Hoskinson argues that the game is not about Ethereum versus Cardano or other specific cryptocurrencies, […]

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Fantom Foundation Confirms $550K Loss in $7M Attack, Employee Possibly Loses $3.4M
  • bob
  • 2023-10-17
  • Cryptocurrency Market Analysis
  • Financial Scams and Security
  • World

Fantom Foundation Confirms $550K Loss in $7M Attack, Employee Possibly Loses $3.4M

The Fantom Foundation has confirmed that it and its employees suffered losses in a recent attack, with a total of $550,000 worth of Fantom Foundation funds being compromised. However, the majority of the Foundation’s holdings, more than 99%, were unaffected by the attack. The Foundation also revealed that one of its employees was targeted in […]

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Fantom Foundation Loses Millions in Phishing Scam
  • bob
  • 2023-10-17
  • Asia
  • Cryptocurrency Innovations
  • Financial Scams and Security

Fantom Foundation Loses Millions in Phishing Scam

The Fantom Foundation, a smart contract and Dapp platform, has fallen victim to a phishing scam resulting in the loss of hundreds of millions of dollars from its crypto wallets. The hack, which affected only the foundation and not the blockchain itself, saw the theft of approximately $7 million worth of funds, including ETH, Tether, […]

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