Coinbase to Pay $100M to Settle NYDFS Lawsuit

Cryptocurrency NewsBy 06/01/2023

Cryptocurrency exchange Coinbase has agreed to pay $100 million to settle claims by the NYDFS accusing the exchange of non-compliance with AML rules from 2020 to 2021. This came to light in a consent-based injunction signed Jan. 4 by New York State Department of Financial Services (NYDFS) superintendent Adrienne Harris. Earlier, the regulator accused the marketplace Coinbase of failing to take proper anti-money laundering measures in 2020 and 2021. The document states that Coinbase’s non-compliance…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 05/01/2023

Building a Diverse Trading Portfolio A look at the importance of risk mitigation through diversifying your portfolio. When it comes to online trading, portfolio diversification is a powerful tool used by investors to mitigate risk. This strategy involves investors holding multiple assets across varying markets, industries and geographical jurisdictions in order to spread their exposure and decrease the risk of loss due to one industry collapsing. The Benefits of a Diversified…

Bitcoin at $40,000: Eric Voorhees made a forecast on the timing

Cryptocurrency NewsBy 05/01/2023

The CEO of the ShapeShift cryptocurrency exchange believes that the bitcoin rate will soon begin to grow and by the summer of this year the first cryptocurrency will cost $40,000. Erik Voorhes made the announcement in an interview with Bankless. The businessman believes that Bitcoin is ready for a “large-scale return.” The ShapeShift CEO expects a new bull cycle in the cryptocurrency market, thanks to which BTC will reach new records. However, in this case,…

Australia and Poland overtake El Salvador in the number of installed cryptomats

Cryptocurrency NewsBy 04/01/2023

El Salvador lost its position as the fourth largest country in terms of the number of crypto ATMs, giving way to Australia and Poland, according to Coin ATM Radar, an observer of the crypto ATM network. As part of the campaign to bitcoinize the economy of El Salvador, the government of the country has installed 212 cryptomats. At the initial stage, this allowed El Salvador to enter the top three, after the USA and Canada.…

Vitalik Buterin supported Solana blockchain developers

Cryptocurrency NewsBy 03/01/2023

Ethereum co-founder Vitalik Buterin expressed support for the Solana blockchain, which is going through difficult times after the collapse of the FTX cryptocurrency exchange. The situation with the FTX exchange provoked a serious drop in the price of SOL, which fell below $10 for the first time in two years, as a result of which the coin dropped to 17th place in terms of market capitalization. Several platforms are planning to move from Solana to…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 31/12/2022

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…

Automaker BMW creates a loyalty program on the blockchain

Cryptocurrency NewsBy 30/12/2022

The German company BMW intends to introduce blockchain into its daily work, in particular, by launching a loyalty program for its customers in Thailand. The automaker has hired blockchain infrastructure developer Coinweb as a decentralized architecture provider, and BMW will use the BNB network to settle transactions. The company is integrating the blockchain in two phases: first, it will be used to automate complex manual processes and streamline the company’s car finance services. In the…

Bitcoin network hashrate collapsed by 30% amid US snowstorm

Cryptocurrency NewsBy 29/12/2022

The average hash rate of the Bitcoin network has fallen by 30%, from 230 Eh/s to 155 Eh/s. Such a significant drop in the indicator is connected with the ongoing bad weather in the United States, due to which many miners turned off the equipment. The United States remains the leader in terms of the contribution to the hashrate of the network of the first cryptocurrency – on average, American miners generate 37% of the…

Ripple and the State of Palau team up to create a national stablecoin

Cryptocurrency NewsBy 28/12/2022

The island nation of Palau and the cryptocurrency company Ripple Labs announced the start of a joint project to create a state digital stable currency. Palau President Surangel S. Whipps said in an interview with Bloomberg that a joint IT team from the island nation and Ripple Labs are working to explore opportunities to create a “national stablecoin.” Discussing digital asset strategy, the president of the archipelago of more than 500 islands, explained that such…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 24/12/2022

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