CedarFX - Trade with the First Eco-Conscious Broker

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency News

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…

Australian gas station network began accepting payments in cryptocurrencies

Cryptocurrency News

The Australian network of gas stations and roadside stores On The Run announced the launch of support for cryptocurrency payments at all 175 points of the network. Initially , it was assumed that support for cryptocurrencies would be added in July, but the implementation of the project was a bit delayed. However, as Karl Mohan, the manager of the Crypto.com exchange for the Asia-Pacific region, emphasized, it took only 8 weeks to test and fully…

EU lawmakers want to restrict banks from using cryptocurrencies

Cryptocurrency News

The European Green Party has submitted its amendments to the legislation, which increase the capital requirements for banks using cryptocurrencies. European Union (EU) Green Party MP Ville Niinistö has proposed amendments to the Financial Services Act that would restrict European banks using cryptocurrencies. The document states that crypto assets that are considered excessively volatile or risky and fall under class 2 will be rated as “cautious” as possible. This essentially means that they will not…

The network of luxury hotels Soneva began to accept payment in cryptocurrency

Cryptocurrency News

Booking service for luxury hotel chain Soneva, located in Thailand and the Maldives, said that guests of the resorts will now be able to pay for services with cryptocurrency. Soneva is developing a crypto payment acceptance program in collaboration with crypto solution provider TripleA and payment platform provider Pomelo Pay. So, payments in BTC and ETH became available for guests of the resort in the Soneva Fushi, Soneva Jani and Soneva in Aqua complexes in…

Artificial intelligence will help traders in trading cryptocurrencies

Cryptocurrency News

The developers of the Letit trading terminal have created a neural network that predicts the price movement of cryptoassets. This automates trading and saves traders from boring routine work. The popularity of trading cryptocurrencies is growing, despite the decline in the crypto market. According to various estimates, the number of digital owners who regularly perform trading operations exceeds 50 million. But only a few manage to succeed in this rapidly developing and restless market. The…

Coinfirm: “Cryptocurrencies are better protected from money laundering than traditional finance”

Cryptocurrency News

The head of development at Coinfirm is confident that the development of AML and KYC has made it difficult to use cryptocurrencies for illegal transactions and this has attracted new investors to the industry. Durgham Mushtaha, business development manager at Coinfirm, an analytics company, said that unlike fiat currency, transactions with crypto assets are much easier to track using anti-money laundering (AML) tools. He added that the introduction of “Know Your Customer” (KYC) procedures for…

UNCTAD proposes to ban banks from using cryptocurrencies

Cryptocurrency News

The United Nations Development Authority (UNCTAD) believes that the risks and costs that cryptocurrencies incur outweigh the benefits of using them, and therefore are not suitable for banks. UNCTAD called on world governments to impose additional taxes on cryptocurrency transactions and restrictions on advertising of digital assets to increase state revenues and ensure financial stability in developing countries. A report published by UNCTAD notes that the growing use of cryptocurrencies for domestic payments and the…

Mark Cuban: “Buying real estate in the metaverse is a very bad idea”

Cryptocurrency News

American billionaire and cryptocurrency enthusiast Mark Cuban believes that investing in the purchase of real estate in the metaverses is an extremely unfortunate and even “stupid” idea. Interestingly, Mark Cuban himself is quite positive about NFTs and the metaverses. He has invested in Yuga Labs, which owns popular NFT collections, including the Bored Apes Yacht Club. However, according to him, if investing in real estate is quite justified in real life, since the amount of…

Reserve Bank of Australia to explore options for using CBDC

Cryptocurrency News

The Reserve Bank of Australia, together with the Digital Finance Corporate Research Center, is launching a pilot project to explore practical use cases for CBDC. Previously, the Reserve Bank of Australia (RBA) conducted preliminary studies on the possible technical design of the state cryptocurrency (CBDC), in particular, studied the potential use of distributed ledger technology in the financial sector. At the moment, the question of applied options for using the digital currency of the Central…

Trend Micro warns of metaverse vulnerabilities

Cryptocurrency News

Computer security experts at Trend Micro, an antivirus company, believe that the metaverses will be breeding grounds for crime in the first few years of their existence. The Trend Micro report notes that the metaverses have growing vulnerabilities that could manifest themselves over the next five years. Among the top threats, the company cited metaverse regulation issues, NFT security issues, the development of a dark web-like “dark metaverse”, financial fraud, privacy issues, physical threats, and…