FTX removed a triple commission of $ 900 thousand for the return of the deposit

Cryptocurrency NewsBy 11/10/2021

The FTX trading platform rated the assistance in returning money to a client who sent a deposit to an incorrect address at 15% of the amount, which is contrary to the company’s rules. The user mistakenly sent tokens in the amount of $ 6.3 million, the platform returned $ 5.4 million. The user is going to sue, because the exchange took an unreasonably high commission for their help. He sent the corresponding letter to the…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 10/10/2021

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…

FSB: development of stablecoin regulation by G20 countries is at an early stage

Cryptocurrency NewsBy 08/10/2021

The Financial Stability Board has released data on the progress of 48 countries in complying with the guidelines for regulating stablecoins. The G20 countries are still in the early stages of developing rules. According to the latest report from the G20 Financial Stability Board (FSB), jurisdictions have made little progress in developing rules for stablecoins. As a reminder, in April last year, the FSB presented general guidelines for regulating stablecoins. “Jurisdictions have adopted or are…

South Korea will introduce taxation of cryptocurrencies excluding NFT from January 1, 2022

Cryptocurrency NewsBy 08/10/2021

South Korean Finance Minister Hong Nam-ki announced that the cryptocurrency tax law will take effect in 2022. At the same time, NFTs are excluded from the legislation. The finance minister said that petitions to postpone the entry into force of taxation of income from cryptocurrencies have been rejected, and the law will enter into force on January 1, 2022. He stated that the South Korean cryptocurrency sector has grown to the size of the stock…

Robinhood launches 24/7 support service

Cryptocurrency NewsBy 07/10/2021

An update to the user support service was presented on the Robinhood website today. Now you can ask the desired question by phone 24 hours a day. Robinhood was the first platform to offer 24/7 support. The Robinhood trading platform has introduced a round-the-clock support service to help clients find out up-to-date information on investments, including in cryptocurrency. “We strive to be close to our customers and believe that 24/7 phone support is an important…

The creator of the NFT Evolved Apes project disappears with the amount of ETH worth $ 2.7 million

Cryptocurrency NewsBy 07/10/2021

The industry has been hit again by fraud. The developer of the NFT Evolved Apes project deleted the Twitter account, the project website and disappeared from ETH for $ 2.7 million. According to the Vice Motherboard, anxiety began to grow among investors in the NFT Evolved Apes project late last week. A few days after the launch of the project, an anonymous developer under the nickname Evil Ape disappeared, having previously deleted the official Twitter…

Upbit exchange will stop serving users without KYC from October 13

Cryptocurrency NewsBy 06/10/2021

From October 6, the Korean exchange Upbit will limit the withdrawal of users’ assets without identification to 1 million won, and from the 13th, it will stop serving such customers. This is due to new restrictions in South Korea. South Korea’s largest cryptocurrency exchange announced changes to its customer verification system. They are linked to mandatory anti-money laundering (AML) requirements. The changes will take effect on October 6, limiting transactions to more than KRW 1…

Kristalina Georgieva: “110 countries are studying state cryptocurrencies”

Cryptocurrency NewsBy 06/10/2021

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), said that, according to the organization, the study and development of state cryptocurrencies is being carried out in 110 countries. During a virtual conference organized by Milan’s Bocconi University, Georgieva noted that central banks in more than half of the world’s countries are studying government cryptocurrencies. Of course, the IMF itself did not stand aside – the Fund’s analysts are investigating the possible impact of…

Hong Kong Monetary Authority published the e-HKD White Paper

Cryptocurrency NewsBy 05/10/2021

The Hong Kong Monetary Authority (HKMA) today published a 50-page White Paper describing the potential of the digital Hong Kong dollar – e-HKD. According to the document, the main goal of the project is to create a two-tier system. At the first level, the central bank, it will issue and repurchase the digital currency of the Central Bank. The second is aimed at retail. Commercial banks will be able to use e-money backed by rCBDC…

Marathon Digital received a $ 100 million loan from Silvergate Bank

Cryptocurrency NewsBy 05/10/2021

The revolving line of credit from Silvergate Bank will be available to the mining company Marathon Digital for a year, and then will be renewed by agreement of the parties. Marathon Digital announced that it is using the loan to buy equipment to mine Bitcoin and finance mining operations. The company also expressed hope that Silvergate Bank will renew the loan annually. Marathon Digital CEO Fred Thiele said the company will be able to increase…

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