The world’s largest crypto exchange, Binance, has lifted certain restrictions on Russian users, local crypto media unveiled. According to multiple reports, Russians can once again use their bank cards to make deposits and the trading platform has canceled a limit on their balances which was introduced in compliance with European sanctions. Russian Cards, Including Visa and Mastercard, Used to Load…
Cameron Winklevoss, the co-founder, and CEO of New York-headquartered crypto exchange Gemini, has accused U.S. regulators of perpetrating double standards in handling the First Republic Bank crisis. According to Winkelvoss, if First Republic had been a “crypto bank” it would have been “assassinated weeks ago.” It is important to note that First Republic initially began experiencing “structural challenges” with its…
The Hong Kong Securities Futures Commission (SFC) is reportedly set to release cryptocurrency exchange licensing guidelines next month. The plans were reported by Bloomberg on April 27, which cited comments from the SFC’s chief executive Julia Leung on Thursday. The incoming guidelines will provide support to crypto trading platforms that will be able to offer trading services to retail investors…
The United States must implement stablecoin legislation and digitize the U.S. dollar (USD) to mitigate the “very active de-dollarization taking place” around the world right now, says Jeremy Allaire, the chief executive of stablecoin issuer Circle. Allaire’s comments at the Consensus 2023 conference on Wednesday, April 25, were made in light of the recent U.S. banking crisis. The Circle —…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG Notre Game, an Animoca Brands company, is making a mixed martial arts (MMA) mobile strategy fighting game with NFTs alongside the Singaporean MMA brand One Championship. The One Fight Arena game is currently slated for an early 2024 launch, with early player testing beginning later this year. The game’s…
Crypto scammers are ramping up the launch of spurious memecoins over the past two months, according to crypto sleuths. According to research from blockchain sleuths ZachXBT, one address, in particular, has allegedly launched “114 memecoin scams” in the past 45 days alone. In an April 26 Twitter thread, ZachXBT tracked the movements of the wallet address: 0x739c58807B99Cb274f6FD96B10194202b8EEfB47, noting that “each…
Brazil’s president, Luiz Inacio Lula da Silva, has expressed support for the creation of a BRICS currency. His statement of support comes as the BRICS bloc is gaining global influence, with 19 countries seeking to join the group. Brazilian President Lula Supports BRICS Currency Creation Brazilian President Luiz Inacio Lula da Silva reiterated Wednesday that he supported creating a currency…
Analysts from the prominent New York-based investment bank H.C. Wainwright have declared an end to “crypto winter.” The bank has initiated its coverage of U.S. crypto exchange Coinbase with a “buy” rating, saying that the company stands to benefit from the growing cryptocurrency industry around the globe. In an April 26 note sent out to investors, Wainwright analyst Mike Colonnese…
Blockchain analytics firm Arkham Intelligence has denied playing a role in the flash crash that saw Bitcoin fall 7% in less than an hour. Source: https://cointelegraph.com/public/index.php/news/arkham-denies-buggy-mt-gox-alerts-to-blame-for-7-bitcoin-price-crash
Three Republican members of the United States House of Representatives Financial Services Committee have sent letters to the heads of U.S. banking regulatory agencies seeking information on possible coordinated efforts taken against digital asset firms. The letters follow up on ones sent to the same addresses by the lawmakers earlier. The letters, dated April 25, were addressed to Federal Deposit…
