Cryptocurrency exchange Kraken has received an Electronic Money Institution (EMI) from the Central Bank of Ireland and registration as a virtual asset service provider (VASP) from the Bank of Spain. According to the Sept. 26 announcement, the EMI license enables Kraken to expand euro-to-crypto trading services to 27 European Union (EU) member states and European Economic Area (EEA) countries. Meanwhile,…
Bitcoin (BTC) hit intraday lows after the Sep. 26 Wall Street open as BTC price behavior shunned major volatility. BTC/USD 1-hour chart. Source: TradingView Binance traders put up thin BTC price resistance Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency acting in a tight range while keeping $26,000 as support. Bitcoin bulls saw several retests of the…
Bitcoin spot exchange trading volumes have disintegrated since March, while BTC price action has gone barely anywhere, research shows. Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-exchange-volume-5-year-lows-fed-btc-hodling
Bug bounty platform Immunefi is launching a new system to improve cooperation between developers and security researchers at a time when hackers are wreaking havoc across the DeFi ecosystem. To do this, Immunefi announced the launch of Vault Systems, a smart contract system that allows developers to safely deposit funds earmarked for paying hackers or researchers for reporting vulnerabilities in…
Fhenix, an Ethereum-based blockchain that’s described as “confidential,” has announced it closed a $7 million seed round led by Multicoin Capital and Collider Ventures. Alongside other big backers such as Bankless, Node Capital, and HackVC, the funds will be directed towards taking the network into its public testnet phase during the beginning of next year. While the public nature of…
Blockchain security platform Immunefi has launched an on-chain system for bug bounties, according to a Sept. 26 announcement. The new system, called “Vaults,” allows Web3 developers to escrow funds in an on-chain address and use them to pay out bug bounties to white hat hackers. Immunefi believes the new system will help projects “demonstrate to whitehats […] that they have…
Regulation Threatens U.S. Dominance of Financial Markets, Says CoinRoutes CEO Dave Weisberger, Co-Founder and CEO of CoinRoutes, argued that excessive regulation in the U.S. threatens to undermine the country’s long-standing dominance in global financial markets. He warned that other countries are embracing blockchain and crypto to build more efficient digital markets, which could cause the US to lose its competitive…
Analysis is common across all sectors, including traditional finance, but crypto analysts have unique data to work with. While price prediction is a key part of on-chain analysis, people will also use on-chain data to assess economic risks, such as whether a whale holds a large portion of a token’s liquidity or technical risks like exposure to a hack. On-chain…
Chase Bank, a digital bank owned by the investment bank JPMorgan, will restrict all cryptocurrency-related transactions for its customers in the United Kingdom. Starting from Oct. 16, customers of Chase Bank in the U.K. will no longer be able to make crypto transactions using their debit cards or through outgoing bank transfer, a spokesperson for the firm told Cointelegraph on…
Payment processing giant MoneyGram is all set to launch its own non-custodial crypto wallets, the company’s chief executive officer, Alex Holmes, announced during the Stellar Development Foundation annual Meridian conference. The non-custodial crypto wallet will be built on the Stellar network and hit the market in the first quarter of 2024. The wallet was created in partnership with the Cheesecake…
