Bitcoin Industry

2023-10-24 17:00:35 A new CEX Haqqex for the 1.9 billion Muslim community and ethical finance lovers revealed the date of the soft launch

Haqqex is the only platform where Islamic finance principles blend smoothly with digital asset trading. It is powered by HAQQ Network and its native token Islamic Coin ($ISLM), which have raised $400M in funding during the bear market and recently launched on KuCoin

According to the official telegram channel the upcoming soft launch of Haqqex Exchange is scheduled for October 30th. Team will gradually handpicking members and then expanding to dozens and beyond. Priority access will be granted to Discord community members with special distinctions, so make sure to join Discord to be among the first to experience Haqqex.

Haqqex aspires to introduce exclusive features like algo trading, commodities trading, and P2P exchanges, aiming to serve the expansive global Muslim population of over 1.9 billion plus the crypto community. It enables users to buy, sell, and trade in cryptocurrency assets in compliance with Islamic principles.

Before the official launch users have a unique opportunity to participate in the pre-launch registration and get a 20 ISLM bonus. Users also can earn up to 1000 ISLM by referring Haqqex to friends. Check their web-site to know more about Haqqex. Open / Comment

2023-10-24 15:00:38 Former Israeli Military Intel Personnel Launch New Crypto Firm Blockaid with $33 Million in Funding

Web3 security company Blockaid said it has emerged from stealth with $33 million in funding to protect users from fraud, phishing, and hacks.

The company, founded in September 2022, concluded its series A funding round, bringing the total raised to $33 million, led by Ribbit Capital and Variant, with participation from Cyberstarts, Sequoia Capital, and Greylock Partners, it said.

Blockaid plans to use the funds to fuel the company's growth and scale the product, customer base, and team.

Per the press release,

"In under a year, Blockaid has not only secured a recent funding boost but has also come out of stealth, revealing some of its inaugural customers: Metamask, Opensea, Rainbow, and Zerion — with more to be announced soon."

Their common goal is to protect millions of users from malicious transactions before they occur. Blockaid enables users to trust using wallets, decentralized applications (dapps), and smart contracts by preemptively validating all transactions, it said. Open / Comment

2023-10-23 20:00:03 Our friends at Bets.io are holding yet another amazing giveaway, and this time it’s bigger, badder and radder! Yeah, you heard it right — this time it’s five iPhones 15 Pro 256 GB and twenty five $200 cash prizes!

Entering it is a piece of cake :

1. First, you gotta have a Bets.io account
2. Then, subscribe to their Telegram channel — you don’t want to miss this kind of events, duh
3. Send their Telegram bot a message and follow the instructions

And you are golden — all you have to do now is wait until October 31st

As for additional conditions: no double entry, only legit accounts and if we can’t send you the iPhone, we’ll provide its cash equivalent. All the cash prizes will be credited to your account.

Good luck and have fun at Bets.io! Open / Comment

2023-10-21 15:01:55 Hong Kong’s SFC Moves to Update Crypto Market Regulations Following New Market Developments

Hong Kong's Securities and Futures Commission (SFC) has announced plans to update its framework on cryptocurrency sales and requirements amid the evolving market development of the digital asset industry.

In the regulator’s upcoming amendment notice published on October 20, five major parts were addressed with respect to the crypto industry. These include distributing virtual assets (VA)-related products and the provision of crypto dealing services, asset management platforms, advisory services, and implementation steps.

SFC stressed that while the spread of VA has scaled past regions and increased in popularity, the global regulatory landscape remains uneven. The risks associated with investing in digital assets, such as anti-money laundering (AML) and counter-financing terrorism (CFT), are still present. However, the SFC and Hong Kong authorities prioritize investor protection due to the burgeoning growth of the cryptocurrency regulatory landscape.

This will be followed with updated stringent measures and requirements to curb risks associated with these assets. The comprehensive amendment notice stated that restrictions would be imposed on selling some assets. Open / Comment

2023-10-19 15:01:37 An announcement about the Sundae project has appeared in the public space. Bloggers, stars and opinion leaders are discussing this project.

One of the creators of Sundae published information about the project in Telegram, and 20 minutes later Ilon Musk posted a photo of himself eating Sundae ice cream as a child. It may be a coincidence, but it could also be Musk's idea.

What's known about the project. Something partly crazy, partly grandiose is coming.

Sundae: it's a crypto-token that equates to digital art. According to the project's philosophy, without community appreciation, a Picasso painting is worthless. The value of a work of art depends on community appreciation.

Right now Sundae is available for the price of an ice cream, but in a month the token may be worth $5, and then $50, $100, $1000. With each new purchase, the "Picasso painting token" will become more and more difficult to buy. The current capitalization of the project is only $20 million.

According to the project's White Paper, Sundae holders are expected to receive multi-million dollar dividends, as well as the right to medical and legal insurance, pensions and free use of the corporation's assets.

Investing in Sundae today might be like buying McDonald's stock on the day it opened in 1940 or accidentally buying a Picasso drawing for ten dollars.

The Sundae project was created by the team behind the popular meme token Grimace, which grew in value hundreds of times in six months, making many investors millionaires. Open / Comment

2023-10-18 15:01:31 Global Regulator: Crypto Exposure Reporting Should Be Mandatory for Banks

The Basel Committee on Banking Supervision has underscored the importance of disclosing banks' cryptoasset exposures, emphasizing the need for standardized reporting and greater transparency in the crypto space.

In a consultative document, the committee proposed mandatory reporting requirements for banks related to their crypto activities. The proposals extend to both qualitative and quantitative aspects of crypto exposures, the committee said.

The disclosure includes information about the bank's crypto-related activities, details on exposures to crypto, and associated liquidity requirements. Banks must also provide information about how they classify their crypto-related exposures and liabilities.

The Basel Committee aims to implement these disclosure requirements by January 1, 2025. By standardizing crypto exposure reporting, the committee seeks to promote market discipline and bridge the information gap between banks and market participants.

The committee has invited comments from the public, market participants, and disclosure users and preparers regarding these proposals. Open / Comment

2023-10-15 20:00:31 Coinbase Raises Concerns Over Proposed IRS Tax Regulations on Crypto

Coinbase, the largest cryptocurrency exchange, argues that the U.S. Internal Revenue Service (IRS) proposal regarding cryptocurrency tax regulations could potentially harm both the cryptocurrency industry and the privacy of American citizens.

Recently, the IRS proposed a rule that aims to provide precise definitions for cryptocurrency brokers and establish clear tax payment procedures for them and their clients. This effort is in response to the IRS's goal of increasing transparency in the cryptocurrency industry and generating more tax revenue.

However, Coinbase has taken a firm stance on this matter, as expressed in a formal comment letter to the agency. They argue that the proposal introduces "unprecedented, unchecked, and unlimited tracking into the daily lives of American citizens."

The IRS further advocates for fair treatment of cryptocurrencies, treating them similarly to traditional financial assets. They also caution against overly complex and broad regulations that could impede the application of tax laws to cryptocurrency transactions.

Coinbase firmly contends that these regulations would result in invasive government surveillance of Americans' daily activities, sparking significant concerns about the potential infringement on privacy rights. Open / Comment

2023-10-13 17:00:09 Our friends at Bets.io are holding yet another amazing giveaway, and this time it’s bigger, badder and radder! Yeah, you heard it right — this time it’s five iPhones 15 Pro 256 GB and twenty five $200 cash prizes!

Entering it is a piece of cake :

1. First, you gotta have a Bets.io account
2. Then, subscribe to their Telegram channel — you don’t want to miss this kind of events, duh
3. Send their Telegram bot a message and follow the instructions

And you are golden — all you have to do now is wait until October 31st

As for additional conditions: no double entry, only legit accounts and if we can’t send you the iPhone, we’ll provide its cash equivalent. All the cash prizes will be credited to your account.

Good luck and have fun at Bets.io! Open / Comment

2023-10-12 21:00:05 CBDC Innovation Boosts Hong Kong-UAE Financial Partnership

Read more Open / Comment

2023-10-12 20:00:44 Islamic Coin is now available for trading on KuCoin!

According to the Islamic Coin's socials the official listing of $ISLM has launched October 10 on KuCoin. The coin is available for non-Dubai residents only. Islamic Coin also announced that KuCoin is only a kickstarter and soon there will be listings on other top-tier exchangers.

The coin has a potential audience of over 2 billion holders (1.8 billion Muslims + crypto-enthusiasts). And they already have the biggest Twitter account among crypto Muslim community with 1.3 million followers. Even before the listing they have already secured $400M from private investments and from ABO Digital.

The coin is backed by top names in finance and claims that if at least 3% of Muslim community holds their ISLM, the capitalization will be comparable to BTC. In addition, partnerships with SushiSwap and Pyypl will help further expand Islamic Coin's ecosystem, providing liquidity and staking assets, and setting the stage for lucrative token mining opportunities.

Get ready to witness the birth of a coin that could very well disrupt the $2 trillion Islamic financial market. Join Islamic Coin Official Telegram Channel not to miss any community rewards announcement and explore KuCoin to trade and deposit ISLM now. Open / Comment