Founder Of Major DEX Platform Has Bank Account Closed By JP Morgan

It’s been recently reported that Hayden Adams, CEO and founder of the popular decentralized exchange, or DEX, Uniswap (UNI), claimed that his JP Morgan Chase bank accounts were shut down with no explanation. In addition, Adams stated that the incident was personal in nature as he knew “many individuals and companies who have been similarly …

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US Government Set To Release Executive Order On Digital Currencies

The Biden administration will release an executive order for cryptocurrencies in February, Bloomberg reported. Federal agencies are to be tasked with assessing the risks and opportunities that digital assets pose. Senior administration officials will present the plan to Biden in the coming weeks, the report said. The White House is putting together an executive order …

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Fast Growing Startup Company Launches ‘Bitcoin Mortgages’

Miami-based fintech startup Milo is introducing what it claims is the world’s first “crypto mortgage.” The digital bank will allow crypto investors to leverage their digital assets to purchase real estate in the United States. At the moment, only customers wanting to use Bitcoin (BTC) as collateral qualify for Milo’s 30-year mortgage loan. Both American …

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Crypto Exchange Suspends Outbound Transfers Due To Security Concern

Crypto.com suspended all withdrawals from the platform on Monday and is forcing users to reset two-factor authentication methods, according to tweets from the company. And while Crypto.com is claiming everyone’s money is “safe,” there were reports from users on social media that millions may have been lost to hackers. “Earlier today a small number of …

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Binance Sees Asia Market Share Reduce Under Regulatory Pressure

Binance has deftly maneuvered through dozens of regulatory ecosystems to become the world’s largest cryptocurrency exchange with a daily trading volume exceeding that of its next four competitors combined. But even as its CEO Changpeng Zhao recently became the richest Asian man, according to the Bloomberg Billionaire Index, the company’s presence in Asia — where …

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US Congress To Debate Bill Calling For Ban On Government Backed Cryptocurrency

As the Fed pushes ahead with its crypto investigation into a digital dollar —which would create competition for major cryptocurrencies, such as bitcoin, ethereum, solana, XRP, and BNB—one congressman is seeking to ban government-issued digital currencies. This past Wednesday, Minnesota Republican Representative, Tom Emmer, introduced a bill that would put a damper on the Fed’s …

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Coinbase Set To Enter The Derivatives Market And Ramp Up Market Competition

The top three crypto spot exchanges have recorded just over $25 billion in trading volume in the last 24 hours, according to CoinGecko. The top three exchanges for derivatives volume have done $70 billion in trades during that span. No wonder, then, that exchanges which only offer simple buying and selling want to get into …

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NEAR Foundation Secures A Stunning $150m Investment From Digital Coin Venture Capitalists

Not for Profit layer-1 blockchain developer, NEAR foundation has recently announced they’ve secured $150 million in a funding round. The main investors are all well known cryptocurrency investment firms. They include, Dragonfly Capital, Three Arrows Capital, Amber Group, Mechanism Capital, Andreessen Horowitz, Mechanism Capital, and other crypto centered investors. NEAR foundation is preparing to enter …

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How Blockchain Can Reinvigorate The Publishing Industry

Blockchain technology is being used in many of the creative industries to protect royalties and copyright. But now, it could also help book publishers boost their profits using novel innovations. Australian book publishers are grappling with global disruption. They are also facing huge changes to their industry. Digital technologies are changing the entire paradigm. There …

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Business Strategy Giant Launches Cryptocurrency Fintech Consultancy

Building off a decade of helping the world’s fastest growing start-ups succeed by solving major regulatory and public affairs challenges, Tusk Strategies recently announced the launch of a new practice area focused on Crypto + FinTech. The firm announced that the practice group will be led by Eric Soufer, a Tusk veteran who’s led winning …

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UK Investor Platform In Negotiations With Behemoth Technology Investor

According to weekend reports, UK based investor platform, PrimaryBid, is close to finalising the details of a $150m (£110m) funding round that will be led by the second of Japanese giant SoftBank‘s Vision Funds – which have amassed stakes in companies ranging from Uber to Revolut. PrimaryBid’s Series C fundraising was likely to value the …

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Cryptocurrency Exchange Fees – Compared And Contrasted

If you’re looking to buy or sell any cryptocurrency, exchanges are invaluable platforms that provide key crypto stats, trading pairs, storage options, and so much more. While you can buy or sell crypto via a software wallet, having an account with a reputable exchange can open a lot of doors in terms of building your …

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Major Travel Agent Announces Intention To Create Own Tokens

Blockchain OTA Travala.com is to release 1,000 exclusive membership club funding NFTs (Non-Fungible Tokens). The ‘Travel Tigers’ will be uniquely and randomly generated and are the key to the fast-growing agencies’ new Smart Diamond Membership. This loyalty programme will provide members with access to a range of offers and rewards or “ambassador bonuses”. Each quarter, …

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Securities and Exchange Commission opens lawsuit against manager of an Initial Coin Offering

The United States Securities and Exchange Commission has filed a suit against Australian Craig Derel Sproule for the allegedly “fraudulent and unregistered” sale “of digital asset securities” in an initial coin offering (ICO) his company had conducted in 2018. The SEC alleges in a Thursday complaint that Sproule’s company, Metavine Inc., which operated the ICO …

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