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The world's largest crypto exchange, Binance, continued to process trades by clients in Iran despite U.S. sanctions and a company ban on doing business there, a Reuters investigation has found.
More info: https://reut.rs/3AEydhs
The crypto wallet will have the capacity to store several forms of digital assets, including cryptocurrencies, non-fungible tokens (NFTs), and other blockchain-powered tokens that may be used for identity verification.
More info: https://bit.ly/3uEfhM6
The International Organization of Securities Commissions (IOSCO) has published its framework to govern the sector in the next few years by addressing the lack of cryptocurrency regulations.
“IOSCO’s ambitious roadmap will deliver the global policies needed by regulators to address the considerable risks arising from a rapidly developing, complex and opaque crypto-asset ecosystem whilst preserving the societal benefits of innovation,” said Ashley Alder, IOSCO Chair and Chief Executive Officer.
More info: https://bit.ly/3AFLO8b
Speaking in an interview with the two co-hosts of the Bankless podcast, Binance chief Changpeng “CZ” Zhao predicted that DeFi and decentralized exchanges (DEXes) would be far superior to their centralized competitors within the next decade.
As reported by The Daily Hodl, he said, I think in five or 10 years, decentralized exchanges will be bigger than centralized exchanges… I would say maximum, in 10 years, DEXes [and] DeFi are going to be bigger than CeFi.
More info: https://bit.ly/3RsDf6H
Play-to-earn (P2E) Metaverse game Axie Infinity appears to be on the mend, with its NFT sales volume pumping 205% over the past seven days.
More info: https://bit.ly/3IvEduN
According to recent tweets, Shiba Inu can now be used to buy sneakers online. SHIB has become a payment method on the Dripto online marketplace that allows users to buy and sell sneakers, apparel and luxury accessories.
More info: https://bit.ly/3PhWiyZ
Celsius former investment manager Jason Stone through his firm, identified as KeyFi in a lawsuit before a New York court on July 7, claimed that the company was involved in crypto market manipulation without implementing basic accounting measures to protect customer deposits.
More info: https://bit.ly/3Pe3wE4
Aave has revealed plans to launch a U.S. dollar-pegged stablecoin called GHO, part of an effort to expand revenue and make borrowing on the DeFi protocol “more competitive.”
More info: https://bit.ly/3AzHHKR
According to CryptoCompare’s latest Asset Report, while the price of Bitcoin fell 37.4% in June to close the month at $19,908, its Lightning Network – which is its primary scaling solution – continued to see its capacity grow to stand at 3,962 BTC at the end of last month.
More info: https://bit.ly/3yPSQpP
The BoE’s Deputy Governor Jon Cunliffe said that any central bank digital currency (CBDC) offered by his organization would probably be managed through some sort of account instead of functioning like banknotes, Bloomberg’s Reed Landberg reported on July 6.
More info: https://bit.ly/3nLz6xc
Roskomnadzor, the government agency that oversees Russia’s mass media, has allowed users to once again access a prominent Russian crypto news page.
Bits .media, a Russian crypto-related news site, was only recently blocked as a consequence of proceedings in a district court in which the company’s representatives were not even required to appear.
More info: https://bit.ly/3agJLNr
US government officials who privately own cryptocurrencies are now banned from working on regulations and policies that could affect the value of digital assets.
More info: https://bit.ly/3ur6ayc
Trading volumes on Indian crypto exchanges saw an eventual reduction of 90-95% ever since the country introduced a law that would tax investors 30% on unrealized gains.
More info: https://bit.ly/3aq8gYe
The Ministry of Economic Development of Italy has announced that certain blockchain projects will qualify to apply for up to $46 million in government subsidies starting from September.
More info: https://bit.ly/3nIu5FE
The number of addresses on the cryptocurrency market that now have more than or exactly 1 BTC is increasing exponentially as Bitcoin's consolidation is still taking place on the market. As the data suggests, the number of addresses that hold Bitcoin is reaching 880,000.
More info: https://cutt.ly/NLwYdg1
Leading Chinese tech companies, including Tencent, JD .com and Ant Group, have pledged to ban non-fungible tokens (NFTs) and crypto marketplaces as part of the country’s latest wave to outlaw the digital asset sector.
More info: https://cutt.ly/5LwjoEH
Cryptocurrency hardware wallet provider Ledger is expanding its support for Cardano. This time, it strives to improve the user experience with a cleaner look with the latest app release, version 4.1.2.
More info: https://cutt.ly/CLwhu0z