Crypto news

Dubai’s Virtual Asset Regulatory Authority (VARA) reportedly instructed local cryptocurrency-related firms to require a license from the watchdog before advertising their products. The initiative could secure maximum protection for investors and limit the spread of misleading marketing campaigns focused on digital assets. Over the past several months, Dubai has emerged as a global cryptocurrency center where numerous companies and leading players set foot. Sam Bankman-Fried’s...

After Ava Labs, Ripple’s Brad Garlinghouse denied allegations, while Kyle Roche claimed that the stint was a deliberate scheme to intoxicate and exploit him. Crypto Leaks, which happens to be an online publication exposing corruption and fraud in the crypto ecosystem, made some astonishing claims about Ava Labs forming a secret pact with Kyle Roche, the founding partner of the law firm Roche Freedman. The same report even dragged Ripple CEO Brad Garlinghouse funded a law firm...

The Chicago Mercantile Exchange (CME) has announced the launch of euro-denominated Bitcoin and Ether futures in its marketplace. According to a press release from CME Group, Bitcoin and Ether Euro futures will each be sized at 5 Bitcoin and 50 Ether per contract.  Contracts will be cash-settled, based on the CME’s euro reference rate for each cryptocurrency. That means that they won’t deal in the exchange of actual Bitcoin or Ethereum.  “Our new Bitcoin Euro and Ether Euro...

Joshua Lim – Head of Derivatives at Genesis Trading – recently provided a breakdown of Bitcoin’s late underperformance against the rest of crypto.  He provided 2 metrics indicating that Bitcoin’s price is “heavy” relative to previous market cycles, followed by qualitative reasons for why this is the case.  Ethereum Outperforming Bitcoin Per a Twitter thread from Lim on Sunday, the first indicator of Bitcoin’s ‘heaviness’ is its performance against Ethereum. The ETH/BTC price...

The U.S. Securities and Exchange Commission (SEC) has charged 11 individuals for their roles in an alleged crypto Ponzi scheme that may have taken as much as $300 million from investors. A Crypto Ponzi Scheme Has Been Shut Down The Ponzi scheme – which operated under the name Forsage – had been in operation for more than two years at the time the charges were filed. The founders – along with several individuals that had been hired as promoters – were then thoroughly...

Eric Wall, a creditor of Mt. Gox, confirmed that new reports swirling that 137,000 BTC sent to creditors would soon be dumped on the market are false. In a recent Twitter thread, Wall said the repayment system is not live yet. While addressing the rumors floating around across social media channels, the former CIO at Oslo-based crypto investment firm Arcane Assets said the payouts will also occur in tranches over months instead of offloading thousands of BTC all at once,...

There was a time when a store accepting crypto payments was not the norm. In fact, it was downright wacky. There were many companies that were concerned about accepting digital assets as forms of payment due to their volatility, but according to a new survey conducted by financial giant Deloitte, as many as 75 percent of America’s retailers are planning to accept digital currency payments within the next two years. Crypto Payments Are Becoming More Popular Moves like...

Leading providers of corporate and business formation services in UAE, Virtuzone has partnered with Binance to accept cryptocurrency payments via Binance Pay. As per the official press release, Virtuzone aims to bring barriers to entrepreneurship by facilitating cryptocurrency payments for company setup. Creating more opportunities for global businesses in a bid to tap into UAE’s thriving startup community is another key focus area behind the strategic partnership. Binance...

[PRESS RELEASE – Please Read Disclaimer] Cryptocurrencies have massively outgrown the initial phase that started with Bitcoin’s inception over a decade ago, being close to mainstream adoption now and being utilized for payments as well as investments from millions of people. As such, finding the right spot to purchase them has become more critical than ever. While having several pros, centralized exchanges face a lot of criticism these days, especially with regulatory...

Two men hailing from Orange County have been sentenced to prison terms for their roles in a crypto scam that may have cheated investors out of nearly $2 million. Sentencing was passed to Jeremy David McAlpine (26 years old) of Fountain Valley, California, and Zachary Michael Matar (29 years of old) of Huntington Beach, California on Monday, August 1. Jeremy McAlpine and Zachary Matar Sentenced to Prison The former was sentenced to three years, while the latter will spend...