Tag: Business

New Binance DeFi-Based Index & Futures Contracts Launched

New Binance DeFi-Based Index & Futures Contracts Launched

The world’s largest cryptocurrency exchange has been swift to leverage on this year’s explosive DeFi boom, providing support for new DeFi tokens on its exchange platforms. Binance’s CEO Changpeng Zhao (CZ) hinted that new DeFi-related developments at Binance were in progress in an August 11 video interview with crypto Youtube channel Boxmining and sure enough, […]

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No More Cheap Electricity for Bitcoin Mining in Inner Mongolia Region

No More Cheap Electricity for Bitcoin Mining in Inner Mongolia Region

According to Chinese news media Weixin, 21 mining farms in Inner Mongolia, China, have been affected by the province’s latest directive to stop providing electricity supply subsidies for the crypto mining sector. This will inevitably raise electricity prices by one-third at minimum without “preferential pricing”, and Chinese crypto reporter Colin Wu said in a tweet […]

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Blockfolio Acquired By Crypto Derivatives Exchange FTX for $150M

Blockfolio Acquired By Crypto Derivatives Exchange FTX for $150M

Blockfolio, a cryptocurrency management platform featuring data from over 10,000 crypto assets and more than 500 exchanges globally that has over 6 million users to date, was recently acquired by cryptocurrency derivatives exchange FTX for $150 million dollars. With a platform primarily catered towards experienced traders, FTX is intending to push out a new Blockfolio-affiliated […]

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Japanese Crypto Exchange to Offer First IEO Project on Manga & Anime Distribution

Japanese Crypto Exchange to Offer First IEO Project on Manga & Anime Distribution

One of the few licensed crypto exchanges in Japan, Coincheck, is set to launch Japan’s very first Initial Exchange Offering (IEO) with Hash Palette, a blockchain platform that facilitates the distribution, management and issuance of digitized manga (comics), anime and music as non-fungible token (NFT) blockchain assets, according Coincheck’s press release.  Coincheck has been considering […]

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Bitcoin Ad Printed in Major Hong Kong Tabloid Newspaper Apple Daily Amidst Civil Unrest

Bitcoin Ad Printed in Major Hong Kong Tabloid Newspaper Apple Daily Amidst Civil Unrest

Following the arrest of 72 year-old Hong Kong fashion and media tycoon Jimmy Lai two weeks ago on charges of suspected “collusion with foreign forces”, namely the US, in his fight for Hong Kong’s freedom against China’s oppressive control over Hong Kong, the Apple Daily, a popular tabloid in the city owned by Lai, published […]

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UK Financial Regulators Proposing Mandatory Monthly Financial Crime Reports from Crypto Exchanges & Wallet Providers

UK Financial Regulators Proposing Mandatory Monthly Financial Crime Reports from Crypto Exchanges & Wallet Providers

The UK Financial Conduct Authority (FCA) is seeking to introduce a new requirement for crypto exchanges and wallet providers operating within its jurisdiction to combat money laundering, which they believe runs rampant in the crypto industry. The REP-CRIM financial report was first rolled out in July 2016 and it was compulsory for selected firms to […]

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INX Crypto Exchange Launching Security Token IPO on Aug 24

INX Crypto Exchange Launching Security Token IPO on Aug 24

Crypto and security tokens exchange INX Limited announced its August 24th Initial Public Offering (IPO) recently after two years of development. INX Limited has also filed with the US Securities and Exchange Commission (SEC) and a notice of effectiveness has been published, approving the registration of the INX token sale. 130 million INX security tokens […]

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Fidelity-Affiliated DIgital Assets Firm Obtains Hong Kong Regulatory Approval

Fidelity-Affiliated DIgital Assets Firm Obtains Hong Kong Regulatory Approval

Digital assets firm OSL Digital Securities, backed by investment company Fidelity, has been granted a principal license from Hong Kong’s Securities and Futures Commission (SFC), the first crypto business to do so under Hong Kong’s new crypto regulations, according to Reuters. Introduced in November 2019, under the new laws, it is not compulsory for crypto […]

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Travala & Binance Chain to Redefine Web 3.0 OTA As We Know It

Travala & Binance Chain to Redefine Web 3.0 OTA As We Know It

The tourism industry has undergone immense pressure for a prolonged period of time as many companies struggle to keep afloat. Businesses that are reliant on the inflows and outflows of tourists, such as the aviation industry, tourist attractions and travel agencies are amongst the hardest-hit sectors, but with every crisis comes opportunities, and both crypto-friendly […]

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