The Hong Kong Monetary Authority (HKMA) has warned crypto firms that it is illegal for any unauthorised company or platform to refer to themselves as a “bank” or deposit-taking business. The regulator has reminded the public that only HKMA-licensed providers can use the term bank or take deposits from the public.Using terms such as digital […]
Bitcoin Cash ($BCH) is experiencing its worst investor panic since mid-August, while Polkadot ($DOT) is also in the red zone, but holders are optimistic about its upcoming upgrade. On the other hand, Borroe.Finance ($ROE) is in the news due to excitement around its novel approach to invoice financing. Some analysts say Borroe.Finance ($ROE) is a […]
The United States House Financial Services Committee is moving forward with legislation to prevent the issuance of a central bank digital currency (CBDC). On Sep. 20, the Committee will mark up two bills related to a potential digital dollar. The first bill, the Digital Dollar Pilot Prevention Act, or H.R. 3712, prohibits the Federal Reserve […]
Four new coins with high price potential have recently been reviewed by crypto influencers, offering insights and analysis that can help viewers make better trading decisions. Bitcoin BSC (BTCBSC) is a BEP-20 token operating on the Binance Smart Chain, providing crypto investors with a taste of Bitcoin’s initial bull run. BTCBSC holders can stake their […]
Pikamoon (PIKA) is a rapidly growing meme coin that is currently valued at $0.0006 in the ongoing third phase of the presale. Experts believe there’s the potential for another 50x rally for the deflationary token before the end of 2023. Investors are now turning to this project after Stellar Lumen (XLM) experienced a 20% decline […]
Tangem Wallet, a Ripple Labs Inc. partner, has announced an update set to launch in October that could significantly increase the utility of Shiba Inu (SHIB), a memecoin that has gained considerable attention in the market. The update is designed to provide users with a tool to organize their crypto holdings, allowing them to sort […]
Presales offer investors the opportunity to enter a new cryptocurrency project at its inception, potentially positioning themselves for significant profits as the projects develop over time. Wall Street Memes (WSM) is currently conducting its initial presale round, amassing over $29 million in funding. This presale will conclude in under a month, and the token is […]
Solidus Labs, a crypto-native trade surveillance and risk monitoring firm, has released a report that reveals wash trading activity of at least $2 billion worth of cryptocurrency on Ethereum-based decentralized exchanges (DEXs) since 2020. The report found that wash traders manipulated 67% of the 30,000 DEX liquidity pools analyzed, accounting for 16% of the total […]
The decentralized finance (DeFi) ecosystem has seen a decline in on-chain economic activity in August, according to an analysis from investment manager firm VanEck. Exchange volume dropped to $52.8 billion, 15.5% lower than in July.The findings are based on VanEck’s MarketVector Decentralized Finance Leaders Index (MVDFLE), which tracks the performance of the largest and most […]
PayPal’s venture into the digital currency market has the potential to initiate groundbreaking innovations in crypto services, from hosting crypto wallets to providing advanced trading tools. As PayPal navigates through the complex terrain of regulatory compliance, it paves the path for other fintech companies to follow suit, promoting widespread acceptance of digital currencies in everyday […]
