Chilean company CLPX has launched the first ever Chilean stablecoin pegged to the peso and copper reserves, dubbed CLPX. Chile is the leading exporter of copper in the world, the share of this metal in the country’s GDP is about 21% ($ 15.2 billion). As the country’s economy was bolstered by record high copper prices, CLPX selected it as the backing for the stablecoin. “The new CLPX token aims to speed up remittances as well…
On the evening of August 10, the largest hack in the history of the decentralized finance industry occurred. However, the hacker is ready to return what was stolen from the Poly Network project. At least partially. Yesterday, $ 611 million worth of cryptocurrencies and tokens were stolen from the DeFi Poly Network project, and the hacker said that he could have stolen more, but is not interested in “shitcoins”. According to him, he is not…
American “people’s broker” Robinhood didn’t go to the IPO very well, but then its shares skyrocketed. Why is this interesting for cryptocurrency users? The Robinhood trading platform is known for being one of the first US brokers to connect cryptocurrency support. It was on her that the Wall Street Bets movement began a war with large funds. And now the shares of the broker itself have become the subject of exchange games. Robinhood went public…
Cryptocurrency derivatives exchange BitMEX announced a settlement of claims by the US Commodity Futures Trading Commission (CFTC) and the US Financial Crimes Enforcement Network (FinCEN). In October 2020, the CFTC filed a lawsuit against the management of the BitMEX exchange, accusing him of illegally doing business in the United States and violating the KYC and AML rules. Subsequently, regulators accused the top managers of the exchange of withdrawing $ 440 million from the site after…
According to research firm ReportLinker, the market for blockchain-based identity applications will grow by $ 3.58 billion over the next four years. ReportLinker researchers analyzed the potential of decentralized identity storage solutions. Options for their practical use at the government level, as well as in the health, banking, finance and insurance sectors were explored. After examining data from Accenture, Amazon, Bitfury Group and Civic Technologies, analysts expect the global blockchain-based identity market to grow by…
The industry organization Blockchain Australia has accused the Australian government of inaction and reluctance to develop regulations to regulate blockchain in the country. Blockchain Australia CEO Steve Vallas chided the local government for considering the cryptocurrency industry a “hotbed of scammers and attackers” rather than interacting with target groups to develop effective regulation. Wallas said this in a speech to the Australian Senate Special Committee. In July, Blockchain Australia approached the Australian Senate Technology and…
According to the SEC, the Poloniex exchange violated the securities law. Poloniex agreed with the submission to cease illegal actions and pay the fine. The Securities and Exchange Commission order states that from July 2017 to November 2019, Poloniex used a trading platform that was not registered and performed digital asset exchange transactions, including digital assets that could be considered “investment contracts” and therefore securities. The criterion for digital assets that can be classified as…
Companies that have filed applications with the US Securities and Exchange Commission (SEC) to launch cryptocurrency ETFs are disappointed with the recent speech by SEC Chairman Gary Gensler. Previously, many firms awaiting approval for the launch of exchange-traded funds for bitcoin hoped that with the arrival of Gensler as chairman of the SEC, the department would give the green light to this investment product. However, after a recent talk by Gensler at the Aspen Security…
The US Securities and Exchange Commission (SEC) accused the DeFi Money Market project of an unregistered sale of $ 30 million in securities and of providing investors with false information. According to the SEC, two Florida residents, Gregory Keough and Derek Acree, and their firm Blockchain Credit Partners, were selling unregistered securities through the DeFi Money Market between February 2020 and February 2021. To do this, they used two types of tokens: mTokens, which could…
It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…
