The Central Bank of Thailand announced the start of testing its own digital currency

Cryptocurrency NewsBy 14/06/2023

The Central Bank of Thailand, together with several commercial banks, will begin testing the retail digital baht in a special regulatory sandbox. Testing will last until August 2023. The project will involve Bank of Ayudhya (Krungsri), Siam Commercial Bank and Singaporean payment service provider 2C2P. These institutions will give selected users access to an app and wallet for the digital Thai baht, as well as a special QR code. Krungsri is going to involve up…

Polygon developers: “We are not targeting the US market”

Cryptocurrency NewsBy 13/06/2023

The Polygon Labs team came out in defense of their MATIC cryptocurrency, expressing disagreement with the fact that the US Securities and Exchange Commission (SEC) called it an unregistered security. Last week, the SEC filed lawsuits against cryptocurrency exchanges Binance and Coinbase, classifying SOL, ADA, FIL, SAND, MANA, ALGO, AXS and MATIC cryptocurrencies as securities. In response, the Polygon Labs team said on Twitter that the company has always operated internationally and has not only…

Bitboy Crypto: Binance is ready to spend $1 billion to fight the SEC

Cryptocurrency NewsBy 12/06/2023

Crypto giant Binance is allocating a lot of money to litigate with the US Securities and Exchange Commission (SEC), the creator of the Bitboy Crypto YouTube channel said, citing a company lawyer. “I spoke with a Binance lawyer: they have allocated $1 billion to fight the SEC. Basically, the exchange could hire all the major law firms at once to fight for the company,” Ben Armstrong tweeted. By comparison, Ripple spent just $150 million fighting…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 10/06/2023

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…

Binance.US Disables USD Deposits

Cryptocurrency NewsBy 09/06/2023

The American division of the cryptocurrency exchange Binance announced the imminent shutdown of deposits in US dollars due to the decision of banking partners. This is due to a lawsuit against the stock exchange from the SEC. Recall that the US Securities and Exchange Commission (SEC) sued the Binance exchange and its founder Changpeng Zhao, and later a similar lawsuit was filed against the Coinbase exchange. The regulator also issued an order to freeze the…

The SEC is suing the largest US crypto exchange Coinbase

Cryptocurrency NewsBy 07/06/2023

The largest American cryptocurrency exchange Coinbase has gone the way of Binance, having received a lawsuit from the US Securities and Exchange Commission (SEC). According to the lawsuit, Coinbase has been operating in the country since 2019 as an unregistered broker and trades in cryptocurrencies, which are securities. The authors of the lawsuit claim that Coinbase “has never registered as a broker, national securities exchange or clearing agency”, thereby avoiding disclosure of information to the…

Crypto traders lost almost $300 million per day due to the situation with Binance

Cryptocurrency NewsBy 06/06/2023

Users of the site itself suffered the most because of the situation with the Binance cryptocurrency exchange – they lost $96.55 million. They are followed by users of OKX ($81.30 million) and Bybit ($36.77 million). Also, almost 109,000 positions of traders have been liquidated in the last 24 hours. Bitcoin orders accounted for about $111 million and Ether $38 million. The largest single liquidation order, worth $9.94 million, was recorded on the Bitmex exchange. Yesterday,…

Tether expands presence in Georgia with investment in CityPay

Cryptocurrency NewsBy 05/06/2023

Tether, the USDT stablecoin issuer, has announced that it is expanding its presence in the Georgian market through an investment in payment processing operator CityPay.io. CityPay.io operates in over 600 locations across the country, including shops, hotels, restaurants, and more. CityPay.io is available to Wendy’s and Radisson Hotels customers. The investment in CityPay.io is the first step towards expanding the company’s presence in Georgia, Tether says. “We are excited to work with CityPay.io to bring…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 04/06/2023

Gate.io Denies Liquidity Problems Following Multichain Crisis

Cryptocurrency NewsBy 02/06/2023

Decentralized crypto exchange Gate.io has denied rumors of its insolvency problems, which Twitter users have linked to the crisis on the Multichain platform. The Gate.io team stated that “the company’s operations are going well” and that all forces are now focused on creating a subsidiary trading platform in Hong Kong called Gate.HK. The announcement came after it was circulated on Twitter that the exchange was insolvent due to an alleged connection to the Multichain Cross-Chain…

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