Binance Continues its Global Expansion with a Regulated Crypto Exchange in Kazakhstan
Binance makes its way into Kazakhstan, as it launches a new regulated crypto exchange for the kazakhstan users. Key Highlights: Amidst mounting pressure on the world’s largest cryptocurrency exchange, Binance is forging ahead with plans to expand its operations into more welcoming jurisdictions. The latest addition to its roster of regulated crypto exchanges is Kazakhstan. On June 21, Binance made …
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Tether and Bitfinex Make Bold Move with $100K Grant for Revolutionary Operating System
Tether and Bitfinex have pledged a $100,000 grant to support the development of Qubes OS, a free and open-source operating system that prioritizes security and privacy Key Points In a move aimed at bolstering security and privacy protection, Tether and Bitfinex have pledged a generous $100,000 grant to support the development of Qubes OS, an open-source operating system. The grant …
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Crypto Supporter Joseph Tsai Excited to Revolutionize Alibaba as Chairman
On Tuesday, Alibaba announced that Joseph Tsai, one of its co-founders, will assume the position of Chairman in September. Key Points In a surprising move, Alibaba announced on Tuesday that Joseph Tsai, one of the company’s founders, will take on the role of Chairman starting this September. This change in leadership coincides with the company’s recent decision to split into …
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How Binance CEO’s Innovative Spot DCA Plan is Disrupting the Crypto World?
The CEO of Binance has revealed the introduction of Spot DCA (Dollar-Cost Averaging) on the Binance Spot platform as a measure to address market instability. Key Points Amid market volatility, Binance CEO Changpeng Zhao has launched a new feature called Spot DCA (Dollar-Cost Averaging). The feature lets users invest a fixed amount in Bitcoin at regular intervals, regardless of its …
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Marathon Digital CEO Predicts More Forced Exits Amidst Mounting Challenges in the Bitcoin Mining Sector
Key Points The CEO of Marathon Digital, Fred Thiel has sounded the alarm bells for Bitcoin miners, warning them of the mounting challenges that lie ahead. Thiel, a seasoned industry expert, believes that a range of factors including regulatory pressures, escalating energy costs, and the upcoming “halving” event, will make it increasingly difficult for miners to sustain their profitability. The …
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Taiwan Mobile Ventures into the Crypto World: Early Talks on Investment in Local Platform Spark Excitement
Key Points Taiwan Mobile, a prominent telecommunications company in Taiwan, is reportedly considering investing in a local cryptocurrency platform. This development comes amidst the increasing growth of the cryptocurrency market in Taiwan, with multiple top exchanges operating within the country. Sources have revealed that Taiwan Mobile is exploring the potential of investing in a local cryptocurrency platform to expand its …
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Tether USDT Injects $1 Billion into Treasury, Sending Markets into a Frenzy!
The world’s largest stablecoin, Tether USDT, has recently announced a massive minting of around $1 billion in its treasury. This news has sparked speculation among market analysts that a pump in the market is imminent. This is not the first time that Tether has printed new tokens, and in the past, such events have been associated with sudden and dramatic …
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Circle takes Singapore’s Fintech Industry by Storm with New Major Payment Institution License
Circle, a fintech firm, has achieved a major milestone in its Asian expansion efforts. The Monetary Authority of Singapore (MAS) has granted Circle Singapore a Major Payment Institution (MPI) license, which empowers the company to offer invaluable digital payment token services, cross-border money transfer services, and domestic money transfer services. Circle Singapore has obtained a Major Payment Institution (MPI) license …
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Dubai’s Crypto Adoption Goes Full Throttle with Bybit Partnership
Bybit, a well-known global cryptocurrency exchange, has partnered with Dubai Multi Commodities Centre (DMCC) to boost the growth and adoption of cryptocurrency and Web3 in Dubai. This collaboration marks a significant milestone in Dubai’s journey towards embracing digital currencies. On April 17, Bybit made an announcement about establishing its global headquarters in Dubai and hinted at upcoming localization initiatives in …
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UAE Central Bank Released Guidelines for Virtual Assets to Deter Money Laundering
Recently, new guidelines to prevent terrorism financing (AML/CFT) and money laundering have been released by the UAE Central Bank for LFIs or “licensed financial institutions”. The focus of the guidelines is on the risks associated with dealing with virtual assets. Breaking🚨: UAE🇦🇪 Central Bank has issued new guidelines for financial institutions regarding anti-money laundering (AML) & counter-terrorism financing(CTF) in relation …
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