Category Archives: Cryptocurrency News

PBOC Banned Chinese Banks From Serving Cryptocurrency Traders

At the request of the Central Bank of China, banks and financial institutions must stop serving any customers working with cryptocurrencies. The directive of the regulator has already been followed by the Agricultural Bank of China. The People’s Bank of China (PBOC) held a meeting with local banks and mobile payment operators, at which it demanded that they stop providing services to customers who make any transactions with digital assets. At the meeting, the Agricultural…

Danske Bank named four main risks of cryptocurrencies

Denmark’s largest bank named the risks of digital currencies, urging its clients to be careful about them. At the same time, the bank will not restrict clients’ operations with cryptocurrencies. Danske Bank acknowledged that cryptoassets have already brought significant innovation to the financial services industry, and noted the growing interest of their clients in cryptoassets. Danske Bank praised the potential of blockchain technology, but cited several reasons why a cautious approach should be taken when…

Spanish bank BBVA will launch services for the storage and trading of bitcoin in Switzerland

The Swiss branch of the Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) will start providing Bitcoin storage and trading services to its private clients on June 21. Initially, the offer will only apply to Bitcoin, but other cryptocurrencies are planned to be added in the future. At the same time, the bank warned that its new service will not provide any consulting services on investments in crypto assets. With Bitcoin becoming part of the bank’s…

CedarFX – Trade with the First Eco-Conscious Broker

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…

Mark Cuban called for DeFi regulation after TITAN token collapse

Billionaire Mark Cuban announced the need to regulate DeFi projects and stablecoins after the collapse of the TITAN token of the Iron Finance project, in which he lost 100% of his invested money. The Iron Finance project with the TITAN token connected to the Polygon network on May 18 to improve the efficiency of transactions and reduce fees for their execution. Iron Finance introduced the stable cryptocurrency IRON, pegged to the USDC stablecoin and the…

Regulators of South Korea will ban local exchanges from trading their own tokens

From June 26, South Korean cryptocurrency exchanges will be prohibited from placing for trading internal tokens or cryptocurrencies issued by relatives of the owners of these exchanges. Regulators in South Korea are constantly tightening their requirements for cryptocurrency exchanges, imposing more and more restrictions on them. The strengthening of regulatory control also affected exchange tokens. Trading platforms operating in South Korea are now prohibited from organizing trades with any cryptoassets that have been issued by…

Panamanian Congressman proposed to legalize cryptocurrencies as a means of payment

The Panamanian parliamentarian is preparing a bill aimed at legitimizing cryptocurrencies as a means of payment and providing tax incentives to cryptocurrency firms. After El Salvador’s President Nayib Bukele proposed legalizing bitcoin in the country, Panamanian MP Gabriel Silva responded to the initiative. He stated that if Panama is to become a true hub for technology and entrepreneurship, it must follow the lead of El Salvador and support the adoption of cryptocurrencies. Silva considered Bukele’s…

Attackers mail out fake Ledger Nano X hardware wallets in the mail

Email scams have long been known. However, now users of Ledger hardware wallets are receiving packages with fake devices allegedly sent by the manufacturer. In July 2020, Ledger announced a hack to its marketing database. The hacker attack did not affect the security of wallets, but led to the leakage of a million emails, and its consequences are still felt even after a year. A Ledger hardware wallet user whose data was also “leaked” posted…

Sygnum Bank will launch services for the storage and trading of DeFi tokens

Swiss digital bank Sygnum will provide services for institutional clients for the storage and trading of AAVE, ANT, CRV, MKR, SNX, UNI and 1INCH tokens, as well as USDC stablecoin. Sygnum announces that the bank’s clients will be able to directly invest in these cryptocurrencies. In the future, the bank plans to launch products and services related to decentralized finance (DeFi), and aimed at generating additional income. In addition, Sygnum will provide customized solutions for…

Electricity tax may be introduced in Kazakhstan for miners and data centers

Kazakhstan is a very attractive country for miners due to the lack of mining licenses and cheap electricity. However, the country may impose an electricity tax for miners. At the moment, Kazakhstan is the fourth state in terms of the generated hash rate in the Bitcoin network. Recently, the number of miners in the country has increased – some Chinese companies are exporting their capacities to Kazakhstan. However, with the introduction of a new tax,…