The United Kingdom’s Advertising Standards Authority (ASA) has banned seven cryptocurrency-related promotions as part of a wider focus on potentially harmful crypto ads, per the BBC. The ASA has targeted crypto promotions from Coinbase Europe, eToro, Papa John’s, Luno Money, Exmo Exchange, Payward, and Coinburp. All seven ads were “banned for irresponsibly taking advantage of consumers’ inexperience and for failing…
The Tanzanian central bank governor recently revealed that cryptocurrencies are not outlawed in the country but warned those dabbling in crypto-related investments that they do so at their own risk. Central Bank Open to Ideas The governor of the Bank of Tanzania (BOT), Florens Luoga, recently stated that the central bank has not outlawed cryptocurrencies and that those putting money…
AVAX, the native token of the Avalanche blockchain, is up 16.2% in the last 24 hours, leading the charge in the reviving markets. The token’s price began soaring on Monday after payments company Circle announced the deployment of its USDC stablecoin on the Avalanche network. AVAX reached its all-time high of $144.96 on November 21, briefly entering the top 10…
Major cryptocurrency custody bank Anchorage Digital has closed a fresh funding round, bringing its valuation to over $3 billion. Anchorage Digital announced Dec. 15 that it raised $350 million in a series D round led by equity investment giant KKR. According to the announcement, this is the first time for KKR to directly invest in equity in a company in…
Crypto traders experienced a moment of gush, followed by confusion, when a glitch caused several data aggregators to briefly display enormous gains for Bitcoin (BTC), Ether (ETH) and other cryptocurrencies. CoinMarketCap and several other price indexes showed the Bitcoin price closing to $900 billion as ETH has shown over $81 billion. The momentary glitch also impacted Cointelegraph’s price indexes. Hey…
Dvision Network is a blockchain-based metaverse, which powers the robust and diversified NFT marketplace within its augmented reality. Dvision is based on three primary platform features, which are known as NFT Market, Meta-Space, and Meta-City. The users can utilize LANDs (Meta-Space) in the metaverse in order to build their preferred content that will be integrated as an essential part of…
Major cryptocurrency exchange Binance has partnered with MDI Ventures, PT Telkom Indonesia’s venture capital arm, to establish a crypto exchange platform. According to a joint announcement on Dec. 15, the agreement will also seek to broaden blockchain adoption throughout Indonesia, which is home to about 240 million people. To assist with the development of the new exchange platform, Binance will…
Bitmex co-founder and cryptocurrency investor Arthur Hayes has addressed the current state of the market with the effect the U.S. Federal Reserve’s upcoming tapering process may have. Hayes also links this with the Evergrande situation in China and advises cryptocurrency newcomers to hold on until new signals emerge next year. Arthur Hayes Analyzes the Current Market Situation Former Bitmex CEO…
Tokyo-based financial services giant SBI Holdings announced a joint investment in Coinhako, Singapore’s first licensed crypto exchange approved by the Monetary Authority of Singapore (MAS). The Coinhako investment was made via a fund jointly set up by SBI and Swiss-based Sygnum Bank, namely, the SBI-Sygnum-Azimut Digital Asset Opportunity (DAO) Fund, according to the notice. Speaking to Cointelegraph, a MAS spokesperson…
On Dec. 15, SEBA Bank, a licensed Swiss digital assets banking platform, launched a regulated digital token backed by physical gold and exchangeable for delivery. SEBA claimed that due to its regulatory-compliant nature and the low volatility of gold prices, the gold token could eventually be used as a stablecoin for on-chain transactions. In other words, the design of the…
