El Salvador, with a population of 4.5 million adult citizens, declared $30 in Bitcoin to all adult citizens. Last Thursday, the president of El Salvador, Nayib Bukele, announced that starting from September 7, the new bitcoin law will be in effect. According to the law, the digital currency will be legal tender. Furthermore, he confirmed…
The Bitcoin exchange operates without any registration in the Japan, implying the claim of illegal activity. The FSA, the Financial Services Agency in Japan, is the prime financial market regulator. The FSA warned against Binance because the cryptocurrency kept offering services regardless of the authorization. The notice took place on Friday. In the statement, Binance…
The largest Crypto scam in history took place in South Africa. The two brothers, who founded a cryptocurrency exchange called Africrypt, disappeared with 69 thousand Bitcoins. Bad news from the Crypto world came from South Africa. The founders of South African crypto exchange company Africrypt made the biggest Crypto heist in history. They defrauded their…
South America’s first 100% Bitcoin-based ETF opens for trading in Brazil. Latin America’s largest asset management firm, QR Capital from Brazil, is launching the continent’s first 100 per cent bitcoin-focused ETF. The ETF will launch on the Brazilian Stock Exchange on June 23, with access to 100 per cent Bitcoin. The new Bitcoin ETF will…
Saxo Bank allows investors to trade in Bitcoin, Ethereum, and Litecoin in the MENA Region. Saxo Bank, an online trading platform, provides services to clients in the Middle East and North Africa (MENA) to trade Litecoin, Bitcoin, and Ethereum against USD, EUR, and JPY. With the new offerings of Crypto FX, Saxo Bank relinquishes a…
Saxo Bank is the parent company of Saxo Markets, which is an online investment specialist and trading platform. Saxo Markets announced that Saxo Bank earned CSA Security, Trust and Assurance Registry Level 2 Attestation and Trusted Cloud Provider accreditation. Acquiring CSA Star Level 2 became the first financial institution and licensed bank with such an…
It was not until recently that people could easily exchange currencies. Indeed, correlating currencies by countries through codes would only be dreamed of back then. Today, people buy and sell currencies and coins in their daily lives in the forex market and cryptocurrency market. Consequently, they constantly engage in debates and research on comparing these…
While the financial year ended on 31 March 2021, CMC markets’ performance portrayed a promising picture with their increasing profit at 127 % before the tax. CMC markets are online financial trading service providers. According to their financial results shared on the final day of the year, 31 March 2021, the company experienced an increase…
Based in China, Gate.io is one of the oldest crypto-to-crypto exchanges in the industry. It was first founded in 2013 but rebranded in 2017 in its current form. While the exchange offers a wide range of products, trust is a big issue for the company. Let’s dive into Gate.io for a better understanding. Is Gate.io…
Ethereum is losing its value as the world’s second-largest cryptocurrency is going through a dramatic reduction amidst its volatility in prices. Ethereum whales have been transferring their ETH assets from exchanges to digital wallets. Glassdoor, a crypto analytics platform, published that at the moment, crypto exchanges hold the lowest amount of Ethereum since 2019. Digital…
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