Crypto ▪︎ Bitcoin ▪︎ Trading ▪︎ News

2022-11-01 16:03:01 Argo Blockchain shares fall 50% as Bitcoin miner faces negative cash flow

Argo previously had plans to raise £24 million ($27 million) via a subscription deal with a strategic investor earlier in October. This deal was in addition to a $5.6 million inventory sale that involved selling 3,843 Bitcoin mining machines for cash. However, the company announced on Monday. With the proposed financing plan falling through, Argo says it is exploring other options. However, the news could have some negative implications for the company in the short term. “Should Argo be unsuccessful in completing any further financing, Argo would become cash flow negative in the near term and would need to curtail or cease operations,” the company stated.

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2022-11-01 10:03:01 Hong Kong issues policy statement on crypto

The Hong Kong government issued a crypto policy statement that clarified its plans to develop “a vibrant sector and ecosystem” for the nascent industry on October 31. The policy statement marks a key change for the government, which had recently revealed intentions to allow retail traders to invest directly in crypto. According to the policy statement, licensed exchanges would operate in compliance with necessary anti-money laundering, counter-terrorist financing (AML/CTF), and investor protection laws. This would allow them “to access a wider net of investors in the Hong Kong market.”.

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2022-11-01 04:03:01 Ripple: SEC Could Face ‘Bruising Defeat’ Against the Fintech Firm, Says Legal Experts

The ongoing battle between fintech firm Ripple and the U.S. Securities and Exchange Commission (SEC) could be coming to a conclusion. However, the regulator’s chances of a victory are growing slimmer according to legal experts. On Oct 30, senior analyst Roslyn Layton told Forbes: “If that’s how it ends, it will have been a self-inflicted disaster from the start.”. Crypto legal experts have hinted that the SEC could be looking at a “bruising defeat” in its case against Ripple. A verdict against the regulator could severely limit its capacity to oversee the regulation of the crypto asset sector. This would be a big win for the industry and innovation in the U.S. Ripple and token holders have been fighting back for almost two years, and their case is strengthening.

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2022-10-31 20:30:26 Binance CEO says he wants to help Elon Musk ‘bring Twitter into Web3’

Changpeng Zhao, commonly known as “CZ,” the founder and CEO of Binance, the world’s largest cryptocurrency exchange by trade volume, has revealed that he is willing to help the new owner of Twitter (NASDAQ: TWTR) Elon Musk, bring the social media platform into Web3. Speaking with CNBC’s Squawk Box on October 31, CZ stated there are many reasons for supporting the deal, in which Binance invested $500 million into Musk’s purchase of Twitter. During the interview, the Binance CEO emphasized in his reasons for supporting the deal that Twitter.

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2022-10-31 16:25:05 SeatLabNFT Launches On NEAR Protocol to Enhance Ticketing

A new grade of innovation is about to hit entertainment, music, and sports ticketing. SeatLabNFT is set to glorify the future of NFT ticketing, beginning with its launch on the NEAR Protocol. The platform seeks to bridge the gap between fans and their fancied artists or football clubs while toning down peddling and touting. SEATLABNFT has taken up the mantle with the mantra “revolutionizing ticketing using NFTs and blockchain technology.” Nevertheless, invading the secondary market is an existing jumbo challenge encountered by the ticketing ecology. Event tickets primarily sell out within minutes due to scalpers and peddlers.

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2022-10-31 10:25:07 Uniswap v3 Launches TWAP Oracles On Ethereum’s Proof-of-Stake

Uniswap unveiled an innovation to bring scalability and solution to protocols. The new tool dubbed TWAP Oracles is an algorithm that provides information regarding the price of an asset. This is for developers who encounter setbacks when developing smart contracts fused with a Decentralized Finance (DeFi) protocol on Ethereum. The launch of Uniswap v2 was geared towards empowering mainnet builders to design decentralized on-chain TWAP Oracles, free from internal or external manipulation. Uniswap v3 extended included this with additional gas capabilities within TWAP Oracles. This offered far more perks to the network than PoW did.

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2022-10-31 04:25:04 Binance Unveils Educational Series to Tackle Crypto FUD

Binance, the world’s largest cryptocurrency exchange by trading volume, is rolling out a fresh educational series dubbed “Unmasking Your Top Five Halloween Crypto Creepers,” to tackle some of the disinformation, myths, inaccuracies, and FUD (fear, uncertainty, and doubt) in the crypto ecosystem. According to a statement shared with crypto.news, Changpeng Zhao’s Binance exchange recently conducted a social media poll to find out what the people feared most when it comes to crypto investing, and the researchers made several worrying discoveries. Specifically, about 30 percent of respondents indicated that the lack of adequate information on the workings of crypto was their major problem.

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2022-10-30 22:03:01 Hong Kong to Start Allowing Retail Crypto Trading in March Next Year

Hong Kong is relaxing its crypto regulation to allow retail investors to trade digital assets directly. A licensing regime for crypto platforms that allows retail crypto trading is reportedly set to be enforced in March next year. Hong Kong is reportedly relaxing its strict cryptocurrency regulation with a plan to allow retail crypto trading, Bloomberg. Hong Kong’s top financial regulator, the Securities and Futures Commission (SFC), introduced a voluntary licensing regime in 2018. It restricted crypto trading platforms to clients with portfolios of at least HK$8 million ($1 million).

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2022-10-30 16:25:07 El Salvador Opens a Bitcoin Embassy in Switzerland

The embassy is dedicated to encouraging more states and countries to adopt Bitcoin. El Salvador has signed a memorandum of understanding with the city of Lugano, Switzerland aimed at spreading Bitcoin adoption across the continent. The central American nation has also opened a “Bitcoin office” within Lugano, according to the country’s U.S. ambassador Milena Mayorga. During Tether’s inaugural Plan B forum in Lugano on Friday, Mayorga said the office would be staffed by a new Honorary Consul devoted to advocating Bitcoin throughout Europe. El Salvador became the first country in the world to establish Bitcoin as a legal tender in September 2021.

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2022-10-30 10:25:08 Binance Wants to Use Crypto and Blockchain to Help Twitter Fight Bots

Binance has doubled down on its engagement with Twitter following the Musk acquisition. After allocating $500 million to support Elon Musk’s Twitter buyout, the world’s largest crypto exchange said it wants to establish a dedicated unit to help the social media platform’s upcoming challenges. The statement from the company, as reported by Bloomberg. Fake accounts have been a major issue for the social media giant, especially such that promote fraudulent scams, many of which involve cryptocurrencies. In fact, one of Musk’s reasoning for why he wanted to acquire Twitter was to get rid of bots.

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