Category Archives: Cryptocurrency News

MtGox Lender Distribution Deadlines Postponed to October

The creditors of the bankrupt cryptocurrency exchange MtGox have once again extended the deadlines for registering and choosing a method for receiving compensation. The date of the first payment has been moved to October. According to the press release, the deadline for choosing distribution options has been moved from March 10 to April 6, and the first payment date from September 30 to October 31. The statement notes that the team is dealing with a…

Australia May Delay Cryptocurrency Regulation for Several Years

The Australian government is going to postpone the introduction of regulations for the cryptocurrency industry until 2025. Reason: declining interest of local investors in crypto assets. The Australian authorities were expected to introduce legal regulations for the oversight of the digital asset market by the end of 2022. Industry participants believed that officials would accelerate the development of standards for crypto companies after numerous bankruptcies of crypto lenders and exchanges. However, according to the Australian…

Crypto exchange Kraken announced the launch of its own bank

The American crypto exchange Kraken has confirmed its intention to open its own banking institution, despite the difficult regulatory environment and complaints from regulators. The statement came amid Kraken’s refusal to use Signature Bank, which was under investigation by US law enforcement agencies in the case of complicity in the fraud of the FTX Group. As follows from a recent message on Twitter, a specific date for the opening of the bank, tentatively called Kraken…

Cryptocasino Roobet announces partnership with Snoop Dogg

Cryptocurrency casino Roobet has announced that the legendary rapper and crypto enthusiast will be their “chief travesty”. Together, they will work to “shake up the industry and provide players with a unique experience. ” In slang, “travguru” or “ganjaroo” (ganjaroo) is a mythical kangaroo that carries marijuana in a bag. Kangaroo appears on the Roobet casino logo. “It turns out that I have been a kind of kangaroo all this time. The guys are working…

Galaxy Digital: Capitalization of NFT in the Bitcoin network will reach $4.5 billion by 2025

The Ordinals protocol, which allows the issuance of NFTs on the Bitcoin network, was launched in January of this year. According to analysts at Galaxy Digital, the capitalization of Bitcoin-based NFTs will reach $4.5 billion by 2025. Ordinals allows users to encode various data, such as images, PDFs, audio and video, as a single Satoshi, which is 0.00000001 BTC. Galaxy Digital analysts believe that NFTs in the Bitcoin network have great potential, and by 2025…

Hedging, Scalping & News Trading – What Are They?

Hedging, Scalping & News Trading – What Are They?   These are commonly known strategies across the Forex and CFD trading markets, but what exactly are they? Here is a light guide for beginners who are interested in learning more about these trading techniques as well as, a brief introduction to technical and fundamental analysis.      1. Hedging To hedge, in trading, is to take an inverse position in an asset or trade that…

Ripple: About 300 payment companies believe in the potential of blockchain and cryptocurrencies

According to a survey conducted by Ripple and Faster Payments, about 300 payment providers from 45 countries believe that blockchain and cryptocurrencies can improve traditional finance. Cryptocurrencies can increase the speed of payments and settlements, as well as make them more transparent and accessible to people, unlike existing financial systems, the interviewed providers assured. 97% of industry leaders believe that the latest technologies will speed up payments in the next three years, but this requires…

Visa denied rumors about the suspension of participation in crypto projects

Payments giant Visa said it was not going to slow down its efforts to develop cryptocurrency projects, despite the difficult period for the digital assets industry. The fact that Visa and Mastercard firms are suspending the development of cryptocurrency-related initiatives was initially reported by Reuters. However, according to the head of Visa cryptocurrencies, Cuy Sheffield, this information is not true, although there are problems in the cryptocurrency industry. “Despite the difficult period for the cryptocurrency…

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…

Reuters: Australian retirees are losing millions of dollars on crypto investments

According to Reuters, thousands of Australians who invested their retirement savings in crypto assets faced losses totaling hundreds of millions of dollars. We are talking about participants in self-managed pension funds (SMSF), which are outside the competence of Australian prudential regulators and allow them to independently make investment decisions within the limits of pension savings. In Australia, SMSF funds can be used to take out loans to buy houses and farms, buy shares in private…