Category Archives: Cryptocurrency News

British officials tighten control over cryptocurrency memes

The UK Financial Conduct Authority (FCA) has issued guidance to crypto firms and authorized entities under which the distribution of crypto memes is subject to regulation by the UK’s advertising laws. Released on July 17, the FCA’s guidance is directed at “financial agents” promoting digital assets through promotional memes. Officials suggest that market participants may not be aware that advertising memes are subject to regulatory rules. The FCA emphasizes that any form of communication related…

Raul Pal: “A bullish rally in the crypto market is inevitable”

The CEO of Real Vision, a former top manager of Goldman Sachs, suggested that in the near future, Bitcoin will show a bullish rally, and the main altcoins will follow. Raoul Pal believes that now the crypto market only imitates the bull cycle that was in 2015-2016. In 2019, the market also began to grow and showed a 300% jump in a certain time. Later experienced a massive decline, but then grew by more than…

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…

XPR began to rise in price against the backdrop of an important legal victory of Ripple over the SEC

The largest US cryptocurrency exchange has suspended its staking services in California, New Jersey, South Carolina and Wisconsin. Coinbase management explained that the temporary suspension of staking services followed an official warning from local regulators. All four US states have laws under which such warnings are followed by lawsuits. Regulators from the states of Maryland, Vermont, Kentucky, Illinois, Alabama, and Washington have already filed lawsuits against Coinbase. In these six states, Coinbase continues to provide…

XPR began to rise in price against the backdrop of an important legal victory of Ripple over the SEC

The crypto market reacted with enthusiasm to the court decision on the US Securities and Exchange Commission (SEC) lawsuit against Ripple. The price of XRP immediately jumped to $0.59 and continues to rise. On the evening of Thursday, July 13, it became known about the ruling of the district court, according to which the “software sale” and similar distribution of the XRP token is not an investment contract and, therefore, the SEC unreasonably filed claims…

Central Bank of India: We will achieve one million digital rupee transactions daily

The administration of the Reserve Bank of India announced its intention to increase the number of transactions in the central bank digital currency to one million per day in 2023. The Reserve Bank of India (RBI) is promoting the electronic rupee in the local financial market as a digital alternative to physical money and unregulated crypto-currency assets, which are gaining great popularity among the country’s citizens. RBI Deputy Governor T Rabi Sankar said that as…

Matrixport: Bitcoin will be worth $125,000 by the end of 2024

Matrixport is optimistic about Bitcoin. Markus Thielen, head of research and strategy at Matrixport, believes the leading cryptocurrency will rise to $125,000 by the end of 2024. Markus Thielen predicts several months of bullishness and the end of the bear market. According to him, the signal of the bullish cycle was the rise in the price of bitcoin to $31,000, which is the highest since June 2022. There were similar signals in August 2012, December…

Changpeng Zhao: “When they take bribes in cash, bribes are to blame, and when they take crypts, then crypts”

The head of Binance again criticized regulators in the US and Europe for harassing his cryptocurrency exchange, saying that the problem with bribes is in the bribes themselves, and not in the currency through which they are made. “When bribes are given in cash, the problem is the bribes; when bribes are made in crypto, the problem is in crypto,” Changpeng Zhao tweeted. Last week, the Binance administration filed a petition in the US District…

Dubai regulator unveils list of licensing fees for crypto companies

The Dubai Virtual Assets Regulatory Authority (VARA) has published a list of fees that crypto assets companies will have to pay to the regulator. According to a press release from VARA, private cryptocurrency trading companies must obtain a No Objection Certificate (NOC) in order to operate in the Emirate of Dubai or the UAE. Before issuing this certificate, VARA will assess whether the company’s trading activity meets the minimum requirements. Upon successful verification, any private…

Ripple is preparing a new Crossmark browser wallet for XRP Ledger

The RippleX company, which develops for the Ripple ecosystem, is preparing the first browser-based wallet to work with the XRP Ledger blockchain. It was named Crossmark. It is reported that Crossmark will allow you to quickly and easily sign transactions on the XRP Ledger network and switch between networks. When developing, the specialists focused on the most popular wallet for Ethereum MetaMask. The developers emphasized that they have integrated into Crossmark functions similar to MetaMask,…