AltSignals outlook as Huobi insolvency rumours add to broader crypto lull

Justin Sun has dismissed the insolvency rumours as FUD. Amid the broader crypto market uncertainty, Bitcoin has retreated from the $30k level. Meanwhile, the AltSignals presale continues to attract investors as funds raised surpass $1.24 million. Justin Sun, founder of Tron (TRX), has dismissed the latest rumours around the crypto exchange Huobi, suggesting this is […]

Hester Peirce criticizes SEC’s warning to accounting firms working with crypto

SEC Commissioner Hester Peirce says SEC’s warning to accounting firms could discourage “good-faith efforts” towards transparency. Paul Munter, the Chief Accountant at SEC, cautioned that crypto platforms are likely to misrepresent non-audit work as full audit. SEC Commissioner Hester Peirce has criticized a recent statement by the US Securities and Exchange Commission (SEC) directed towards […]

Crypto.com gets registration clearance from the Dutch Central Bank

Crypto.com has earned approvals from seven other regulatory bodies in the recent past. The exchange’s approval in the Netherlands comes weeks after Binance withdrew its license application. Crypto.com seems to be beating its main competitor Binance in regulatory approvals around the world. The well-known cryptocurrency exchange Crypto.com has made history by obtaining authorization for registration […]

Bitget added 9,033 new elite traders in Q2

Bitget says it made a bunch of notable achievements in the second quarter of this year – a few of which it underscored in a Transparency Report on Tuesday. Bitget continued to increase market share in Q2 According to the quarterly update, its market share climbed further in the three-month period to 8.7%. That translates […]

FSB publishes recommendations for global crypto framework

The FSB recommends that authorities ensure adequate disclosures from crypto asset issuers and providers. Segregation of funds to protect clients and measures to ensure no conflict of interest are also highlighted. The watchdog also recommends global rules for stablecoins be adopted. The Financial Stability Board (FSB) said in its latest crypto asset report that the […]

Singapore’s Temasek is ‘not comfortable’ investing in crypto firms: here’s why

Temasek is reluctant investing in crypto firms due to regulatory uncertainty. Its CIO Rohit Sipahimalani discussed the crypto market with CNBC today. Temasek also recorded its worst returns since 2016 on Tuesday morning. Now is not a suitable time to invest in crypto companies, says Rohit Sipahimalani – the Chief Investment Officer of Temasek. Why […]

Bitget debuts in lending with the launch of ‘Crypto Loans’

Bitget launched its native “Crypto Loans” product on Tuesday. Digital lending is expected to advance at a CAGR of 20.5%. Singapore and Thailand have recently banned crypto lending. Bitget – a Seychelles-based digital assets trading platform launched “Crypto Loans” to debut in the lending space on Tuesday. Here’s what we know so far Its new […]

Schwab-backed crypto exchange EDX Markets goes live

EDX officially launched trading in bitcoin, ether, litecoin, and bitcoin cash today. The crypto exchange has also completed a second funding round with new investors. EDX has plans of launching a clearinghouse business later this year as well. Investors can now trade bitcoin, litecoin, ether, and bitcoin cash on a new digital assets marketplace – […]