Digital asset platform Bancor Protocol on Monday, June 20, announced that it was forced to take extreme measures due to the difficult situation in the digital asset market. Bancor Protocol has suspended user loss protection services. The site team promised that as the economy stabilizes, the service will be launched again: “This ILP suspension measure should give the protocol some room to recover. In the meantime, we are waiting for the markets to stabilize and

The Huobi Group has received a license to operate from the Dubai International Financial Center (DIFC) and has also been registered with the New Zealand Financial Services Provider Registry (FSPR). The owners of the crypto exchange called both events important stages in the development of the group as an international provider of cryptocurrency services. The DIFC Innovation License is issued to technology companies, granting them access to Dubai’s technology infrastructure. Companies have the opportunity to

The Central Bank of Israel, together with the Hong Kong Monetary Authority, against the backdrop of global tightening of cryptocurrency regulation, will test the security of the Central Bank’s digital currency in the face of incomplete information about the owner. The two regulators are set to launch joint testing of cybersecurity methods using the Israeli central bank’s two-tier digital currency in the third quarter. The state cryptocurrency will be tested for the ability of banks

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

The largest company investing in the first cryptocurrency, MicroStrategy, calculates huge losses from falling quotes on the crypto market. However, management considers this a temporary phenomenon. The largest cryptocurrency in the world by capitalization, bitcoin, recorded on Wednesday, June 15, a new 18-month low of $20,181. Against the backdrop of freezing customer withdrawals and suspending operations by the crypto lender Celsius, this led to the fall of “smaller cryptocurrencies” and the market as a whole.

Finblox has placed a $1,500 monthly withdrawal cap and suspended rewards due to uncertainty around hedge fund Three Arrows Capital. Cryptocurrency staking and yield generation platform Finblox invested about $3.6 million in cryptocurrency hedge fund Three Arrows Capital (3AC) in December 2021. Until mid-June, Finblox had no claims against Three Arrows for the performance of contractual obligations. However, against the background of information about the possible financial distress of Three Arrows Capital, the Finblox platform

The US Securities and Exchange Commission (SEC) has begun studying measures to protect US cryptocurrency exchanges from insider trading, calling into question the legality of such a business. Fox Business journalist Eleanor Terrett tweeted that, according to her sources, the SEC sent letters to several crypto exchanges to obtain comprehensive information about their measures to protect investors from insider trading. After allegations of insider trading were made in the crypto industry, the head of the

The regulator of the US state of Iowa (IID), after an investigation by the US Securities and Exchange Commission (SEC) and other regulators, demanded that BlockFi pay an administrative fine of about $1 million. According to Iowa Insurance Commissioner Doug Ommen, cryptocurrency lending service BlockFi will have to pay $943,396.22 to list and sell securities without proper registration and regulatory approval. In addition, the regulator ordered the company to immediately stop working in the state.

The launch of a joint service between Splyt and Binance should allow users of the world’s largest crypto exchange to pay for services without leaving the mobile application. Binance and app developer Splyt have partnered to offer 90 million users in 150 countries access to vehicle rental and ticketing services through the Binance Marketplace. Through the partnership, Binance will become the first cryptocurrency exchange in the world to offer ride-hailing services on its platform. Once

The CEO of cryptocurrency wallet provider Exodus spoke about how company employees pay taxes and why bitcoin salaries are useful. Exodus continues to pay employees in bitcoin (BTC) despite the ongoing downturn in the cryptocurrency markets, CEO Jay Richardson said. Since its launch in 2015, the company has been paying 100% of salary in BTC. Exodus employs over 300 people. Even during serious market downturns in the past, the company did not stop paying salaries