As decentralized exchanges now represent a significant amount of crypto trading volume, it is vivid that these platforms will play a big role in the smart economy of the future. Automated market makers, in particular, changed the game by eliminating the need for order books...
Singapore grants first regulatory in-principle approval to crypto exchange
Independent Reserve, an Australian crypto exchange founded in 2013, has become the first cryptocurrency exchange in Singapore to receive an “in-principle approval” to operate as a fully regulated virtual asset service provider (VASP). In a letter from the city-state’s de facto central bank, the Monetary...
Russian court orders Sber to unblock account used for Bitcoin trading
The state of cryptocurrency regulation in Russia has taken another twist as a local court has ordered the country’s largest bank to resume account support for a Bitcoin (BTC) trader. Sverdlovsk regional court, a court in Russia’s fourth-largest city of Yekaterinburg, has ordered Sber, formerly...
SEC Chair wants robust crypto regulatory regime for the US
Gary Gensler, chairman of the United States Securities and Exchange Commission, is reportedly keen on bright-line regulations for the country’s crypto space. Gensler expressed the SEC’s desire to install safeguards for crypto investors in the U.S. in a Bloomberg interview, stating, “If somebody wants to...
Crypto.com enables withdrawals of USDC for users worldwide
The digital asset exchange platform Crypto.com has now enabled withdrawals of USD Coin (USDC), meaning that users can withdraw the stablecoin and receive United States dollars at a one-to-one ratio directly to their bank account. The announcement comes just over a month after the platform...
Bitcoin price dips below $38K, with bullish traders eyeing a new higher low next
Bitcoin (BTC) briefly fell below $38,000 on Tuesday as signs of a retracement from range highs continued to flow in. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Caution before BTC’s price swings lower Data from Cointelegraph Markets Pro and TradingView showed BTC/USD tapping $37,960 on...
Aussie crypto exchange CoinJar partners with Mastercard for crypto cards
Mastercard has been making headlines consistently as it ramps up efforts to offer crypto services across the globe. In a new partnership with CoinJar, Mastercard will enable the Australian market to spend cryptocurrencies within its fiat infrastructure. CoinJar’s blog post highlighted that the newly launched CoinJar...
Eth2 will help Ether outpace Bitcoin, Pantera Capital CEO predicts
Amid the looming Ethereum London hard fork, Pantera Capital CEO Dan Morehead predicted that the upcoming upgrade would likely help Ether (ETH) outpace Bitcoin (BTC) as the largest cryptocurrency. As a newer cryptocurrency, Ether has more potential than Bitcoin, Morehead said at the Reuters Global...
SkyBridge buys 38,500 tons of carbon offsets
Global investment firm SkyBridge Capital has partnered with carbon credit provider MOSS Earth to purchase tokens representing 38,436 tons of carbon offsets. SkyBridge announced the move on August 2, with founder Anthony Scaramucci forecasting that the Bitcoin mining industry “will be fully renewable by the...
Miley Cyrus performs at birthday party for Mike Novogratz’s daughter
Pop starlet Miley Cyrus has performed at a private party hosted by Galaxy Digital CEO Mike Novogratz. According to a Monday report from Dan’s Papers, the event was held to celebrate the birthday of the billionaire’s daughter, actress Gabriela Novogratz. Cyrus donned a red leotard...