Category Archives: Cryptocurrency News

Australian cryptocurrency exchanges are not afraid of competition from major platforms

Australian cryptocurrency exchanges Swyftx, CoinSpot, CoinJar and BTC Markets said they are not afraid of competition with major trading platforms Kraken, Gemini and Binance, which entered the Australian market. Kraken, Gemini and Binance have set up subsidiaries in Australia over the past few years in an effort to “grab” a portion of the domestic market. Gemini began operations on this continent in mid-2019. In 2020, Kraken acquired the Australian trading platform Bit Trade to expand…

US government reiterates concerns over Diem stablecoin

The rebranding of the Facebook Diem (formerly Libra) project did not impress the US Treasury and other regulators. They still fear that stablecoin is dangerous for the global financial system. Last week, Facebook Blockchain Development Manager David Marcus visited Washington DC and met with regulators. One of the goals of his trip was to educate regulators about the value of Diem stablecoin, how it can help people without access to banking services, and to discuss…

China’s Hebei and Gansu Provinces Will Ban Cryptocurrency Mining

Two more provinces in China, Hebei and Gansu, have joined the cryptocurrency mining ban. Similar restrictions have already been imposed in Xinjiang, Inner Mongolia, Qinghai, Yunnan and Sichuan. Chinese regulators: National Coordination Center for the Development of Computer Network Emergency Technologies, PRC Internet Information Administration, Education and Public Security Departments, Provincial Financial Supervision and Administration Bureaus, and provincial divisions of the People’s Bank of China and the Communications Administration, issued a joint directive on measures…

MasterCard announced on the purchase of the CipherTrace blockchain analytics service

One of the world’s largest payment systems, MasterCard, continues to expand in the cryptocurrency industry with the acquisition of analytical company CipherTrace. Using the developments of CipherTrace, the payment company plans to improve its own systems in the field of information security. In addition, CipherTrace solutions will help refine the MasterCard platform to support cryptocurrencies and ensure better regulatory compliance. “Digital assets can transform commerce, transform the economy, and make them more efficient. The rapid…

Litecoin rose $ 67 after fake news about collaboration with Walmart

The LTC rate jumped to $ 240 and soon fell back after the appearance of false data about the alleged readiness of the American retail chain Walmart to accept LTC. Walmart and Litecoin have denied this information. Initially, a press release about the Walmart-Litecoin partnership was posted on the Global Newswire website, which various companies provide materials for publication. The press release indicated that Walmart will begin accepting Litecoin as payment starting October 1. The…

American pension funds will invest $ 50 million in bitcoin

Two pension funds from the US state of Virginia have submitted applications to the regulator for approval of investments in the main fund Parataxis Capital Management, which directly buys cryptocurrencies. The Fairfax Police Pension Fund and the Fairfax Civil Servants Pension Fund have previously invested in the cryptocurrency industry through Morgan Creek funds. However, most of the fund’s funds are invested in companies operating in the blockchain and cryptocurrency industries. The Parataxis Fund, on the…

Financial Times: $ 2.6 Billion Crypto Assets Will Be Destroyed Due to South Korean Exchanges Closure

According to industry experts, the closure of most of the small exchanges in South Korea due to the new regulation could lead to the destruction of forty-two “Kimchi cryptoassets.” According to the Financial Times, $ 2.6 billion worth of crypto assets could be destroyed after the September 24 deadline for registering cryptocurrency exchanges in South Korea. On March 25, 2021, amendments to the Financial Institutions Reporting Act (FTRA) came into force, which require exchanges to…

CrossTower Cryptocurrency Exchange Branch Opened in India

CrossTower India, a cryptocurrency exchange for institutional investors, has opened in Mumbai. The company plans to use its branch as a springboard for expansion into neighboring regions. According to Kapil Rathi, co-founder and CEO of CrossTower, India is ranked 11th in the world for the distribution of crypto assets to the population and plays a key role in the region. According to Chainalysis, over the past year, the cryptocurrency market in India has grown more…

Robinhood launched a service of regular investments in cryptocurrencies at the “average price”

The Robinhood platform has introduced a new feature for regular investments in cryptocurrencies based on the “average dollar value”. According to Robinhood, regular investments using the company’s new financial product – the dollar average value (DCA) – will help the company’s clients get a more predictable return on investments, reducing the risks of cryptocurrency volatility. The idea behind price averaging is that “you won’t earn as much as you could, but you will not lose…

Australian Senate Committee Hears Crypto Firms Complaints Banking Denials

Cryptocurrency companies have appealed to a special committee of the Australian Senate with complaints about denial of service by banks without explaining the reasons. According to The Sydney Morning Herald, two cryptocurrency exchanges – Aus Merchant and Bitcoin Babe – have repeatedly denied banking services without explanation from financial institutions. Their leaders spoke at a meeting of the ad hoc committee of the Australian upper house of parliament, “Australia as a technology and financial center”,…