Category: Cryptocurrency

Martin Bruncko Binance
November 03, 2021 BY Steffy Bogdanova

Binance hires Martin Bruncko as Executive Vice President for Europe

Prior to joining Binance, Bruncko has held different roles including founder, executive, and board member in various European deep tech and fintech companies. He has served in companies such as AeroMobil, Stasis, GA Drilling, and Neulogy (acquired by Civitta). Bruncko has also served as a member of the investment committee of the European Innovation Council…

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ASIC
October 29, 2021 BY Steffy Bogdanova

ASIC announces regulatory guidance on crypto products

The new regulatory guidance follows ASIC’s public consultation on crypto-assets in June 2021. The new guidelines include good practices for market operators and information on admission and monitoring standards, custody of crypto-assets, pricing methodologies, disclosure and risk management. Armour added: The good practices we published provide practical examples of how these obligations may be met,…

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October 26, 2021 BY Steffy Bogdanova

DFSA introduces regulation for investment tokens

Peter Smith, Managing Director, Head of Strategy, Policy and Risk at the DFSA said: Creating an ecosystem for innovative firms to thrive in the UAE is a key priority for both the UAE and Dubai Governments, and the DFSA. Our consultation on Investment Tokens enabled us to understand what firms were looking for in a…

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October 26, 2021 BY Steffy Bogdanova

Payments giant Mastercard to offer crypto services soon

Details about the new offering are still not disclosed but CNBC suggests that the service will be first available in the US. According to Mastercard estimations, 2.8 billion Mastercards are in use and the payments network’s clients have relationships with over 20,000 financial institutions around the globe. Bakkt CEO Gavin Michael, commented: We’re lowering the…

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Bitfinex Upgrade
October 15, 2021 BY Steffy Bogdanova

Bitfinex doubles its server capacity

Paolo Ardoino, CTO at Bitfinex, said: With today’s increase in server capacity, we’ve beefed up the exchange’s front-end and back-end servers. This doubling of server capacity combined with the improvement to internal networking is likely the biggest upgrade we've had since we moved to our data center. We have an obsessive interest in technical improvement.…

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October 14, 2021 BY Steffy Bogdanova

Binance appoints former DFSA director Mark McGinness as Chief Regulatory Liaison Officer

Mark McGinness commented: The rapid mainstream adoption of blockchain and crypto technology signals a need for a deeper understanding and appreciation among governments, regulatory bodies and users alike. I aim to bridge this divide through working closely with industry leaders and policymakers to not only set best practices and regulatory frameworks, but also broaden their…

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eToro
October 13, 2021 BY Steffy Bogdanova

eToro adds Solana to crypto offering

With the SOL scalable crypto asset ran via the Solana blockchain, users of the eToro platform can buy, hold or sell it. Doren Rosenblum, Vice President of Business Solutions at eToro, commented: The long-term potential of crypto is clearly a concept that is now widely accepted, and the interest in crypto from both institutional and…

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September 30, 2021 BY Alan Sayer

How Crypto Has Affected the Q2 Earnings of the Top Tech Companies

Impact of cryptocurrencies in Nvidia Q2 Report Another major business that has stepped into the world of crypto trading lately is Nvidia. Let's find out how their new business ambitions affected their net revenue and growth. How Nvidia entered the world of crypto trading Nvidia unveiled new CPUs exclusively for mining virtual coins in February,…

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FINMA crypto regulation
September 29, 2021 BY Steffy Bogdanova

FINMA announces approval of first Swiss crypto fund

This approval is a significant development for Swiss crypto market. The official announcement stated: For the first time, FINMA has approved a Swiss fund that invests primarily in cryptoassets, that is to say in assets based on the blockchain or distributed ledger technology. The fund concerned goes by the name of the “Crypto Market Index…

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