Several British banks have moved to stop customers from transferring funds to crypto exchanges. Customers of Barclays, Starling, and Monzo have been barred from transferring funds to popular crypto exchanges like Binance. According to reports, the measures have been put in place to prevent crypto-related financial crimes. Last year, UK
Following a series of multi-million attacks on several Binance Smart Chain-based decentralized finance (DeFi) platforms, Binance has released an official “call for action” to developers. As a backstory, at least seven decentralized applications on Binance Smart Chain (BSC) have fallen victim to flash loan attacks in the past few days.
The average transaction fee of the Bitcoin network has dropped to very low levels, thanks to regulatory uncertainty in China. According to blockchain analytics site BitInfoCharts, the average Bitcoin transaction fee has dropped to a low of $7. The last time fees were this low was in January. For some
The Reserve Bank of India (RBI) has stepped forward to clarify its stance on cryptocurrencies, noting that earlier crypto trading restrictions are no longer valid. On Friday, two of the country’s largest banks (HDFC and SBI) sent notices to account holders notifying them about restrictions on cryptocurrency transactions as
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The mining of cryptocurrencies can be a lucrative venture, depending on which consensus algorithm the ecosystems use. Finding the right cryptocurrency to mine can be a lot more complex than people assume. Comparing the different options is essential for anyone interested in exploring these options. Traditional Mining Remains Expensive Whereas
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Emiswap distributed 15k ESW to new community members, a recent update reveals. The protocol is the first Automated Market Maker (AMM) DEX with NFTs incorporating the ESW token to compensate for Gas fees. The campaign attracted over 10,500 entries, highlighting the popularity of DeFi and how participants yearn to
Bitcoin * Amid growing regulatory uncertainty in China, Bitcoin miners have begun preparing their exit strategy from the country. While some are looking to migrate to crypto-friendly regions, others have put up their mining rigs for sale. * Hedge fund manager Ray Dalio announced during the past week that he is a
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The West Midlands Police has stumbled on the unexpected. While trying to uncover a cannabis farm, which is illegal to possess, grow, and sell in the United Kingdom, officers have found a Bitcoin mining operation. According to a Thursday news story from the police department, the operation would have been
Bank of Japan governor Haruhiko Kuroda has questioned Bitcoin’s usefulness as a medium of exchange and an investment option. While speaking during an interview, Kuroda said that “most of the trading is speculative and volatility is extraordinarily high,” Bloomberg wrote. According to the governor, Bitcoin is barely used as
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Gravis.Finance, an NFT-focused multi-chain decentralized exchange with a cross-chain bridge, has launched its Big Bang NFT Distribution Round. Announcing the launch on Twitter on May 27, the team disclosed that early community members are primed to receive remarkable bonuses. The https://t.co/UgmojQ6mCd #BigBang Round for the early
The United States Securities and Exchange Commission (SEC) began an official review of Fidelity’s Wise Origin Bitcoin Trust and the First Trust SkyBridge Bitcoin ETF earlier this month. While the formal review of Fidelity Investments’ ETF application was documented in a May 25 filing, SkyBridge’s application was captured
Another decentralized finance (DeFi) project has fallen victim to a flash loan attack, with the hackers stealing over $7.2 million worth of BNB, ETH, BURGER, and other tokens. BurgerSwap, a Binance Smart Chain (BSC) DeFi platform, suffered a flash loan attack at around 3 am on May 28. The
Hong Kong’s Treasury Secretary Christopher Hui has defended the government’s move to restrict crypto trading to only millionaires, calling it step in the right direction. During an appearance at StartmeupHK virtual fintech summit on Thursday, Hui lauded the initiative, noting that it is in line with the city’
Following an earlier Ethereum ETF filing by VanEck with the U.S. Securities and Exchange Commission (SEC), WisdomTree has become the second firm seeking to launch an Ethereum product. According to a new S-1 filling with the SEC, WisdomTree is seeking to launch an Ethereum exchange-traded fund on U.S.
Despite making an entry into the cryptocurrency space, JPMorgan’s CEO Jamie Dimon has issued a note of warning to investors about Bitcoin. He advised them to stay away from Bitcoin. During a House Financial Services Committee hearing on Thursday, Republican Congressman Warren Davidson asked Dimon about how his perspective
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Online trading is booming - according to data analyzed by Cerulli Associates, online trading activity has “increased dramatically” in the first quarter of 2020 compared with 2019. Trading apps and platforms like eToro and Robinhood are also enjoying exponential growth. However, despite its rising popularity, it still remains a mysterious