Market News Top Crypto News Binance Acquires Japanese Crypto Exchange Sakura – Top Crypto Updates Binance acquires Japanese crypto exchange Sakura Binance, the world’s largest crypto exchange by volume, has acquired Sakura Exchange BitCoin (SEBC). As SEBC is already regulated by Japan’s Financial Services Agency (FSA), the acquisition will allow Binance to reenter the country. Binance said Japan will play a key role in the continued adoption of crypto given […] Written by Cherian Varghese December 1, 2022December 1, 2022
Market News Top Crypto News Brazil Legalizes Crypto as a Method of Payment – Top Crypto Updates Brazil legalizes crypto as a method of payment Brazil’s Chamber of Deputies approved a regulatory framework legalizing the use of crypto as a method of payment in the country. This gives a regulatory boost to the adoption of digital currencies and the expansion of the ecosystem. However, it does not grant cryptocurrencies the status of […] Written by Cherian Varghese November 30, 2022November 30, 2022
Market News Top Crypto News Crypto Market Faces Biggest Outflows in 3 Months – Top Crypto Updates Crypto market faces biggest outflows in 3 months Crypto investment products experienced their biggest outflows in three months. Digital asset investment firm CoinShares reported that investors took out $23 million last week. Inflows (investors putting money into crypto products) were experienced only in short Bitcoin funds, which bet on the price of BTC going down. The outflows […] Written by Cherian Varghese November 29, 2022November 29, 2022
Market News Top Crypto News India Pushes Ahead With E-Rupee Trials – Top Crypto Updates India pushes ahead with E-Rupee trials India is pushing ahead with plans to launch an e-rupee as concerns about the volatility and regulatory risks of cryptos continue to grow amidst the collapse of FRX. The Reserve Bank of India rolled out its first pilot scheme for the e-rupee at the beginning of November. It has allowed […] Written by Cherian Varghese November 28, 2022November 28, 2022
Market News Top Crypto News Binance Deploys $1B for Crypto Recovery Fund – Top Crypto Updates Binance allocates $1B for ‘Crypto Recovery Fund’ Crypto exchange Binance has allocated another $1 billion for its industry recovery fund, effectively increasing the fund size to over $2 billion. The fund would have a “loose” structure and be publicly visible on the blockchain. Binance first announced the launch of an “industry recovery fund” on November […] Written by Cherian Varghese November 25, 2022November 25, 2022
Market News Top Crypto News Bank of Japan to Trial Digital Yen – Top Crypto Updates Bank of Japan to trial digital yen with three megabanks The Bank of Japan (BoJ) has planned experiments on a Digital Yen with three megabanks and regional banks in the country. The central bank will analyse issues with deposits & withdrawals and how a Central Bank Digital Currency (CBDC) can operate during natural disasters and […] Written by Cherian Varghese November 24, 2022November 24, 2022
Market News Top Crypto News El Salvador Working on Digital Asset Issuance Law – Top Crypto Updates El Salvador prepares Digital Asset Issuance Law El Salvador is working on a Digital Asset Issuance Law, which would facilitate operations/transactions with any crypto asset. The law would regulate the transfer operations of any digital asset and aims to promote the efficient development of the digital asset market and protect the interests of acquirers. El […] Written by Cherian Varghese November 23, 2022November 23, 2022
Market News Top Crypto News Investors Shorting BTC, ETH in Record Numbers – Top Crypto Updates Investors are shorting BTC, ETH in record numbers: Report According to a report from CoinShares, a large number of institutional investors are betting on the price of Bitcoin, Ethereum, and other cryptos to go down. Institutional investor sentiment was deeply negative last week, as short product inflows represented 75% of the total inflows— the largest […] Written by Cherian Varghese November 22, 2022November 23, 2022
Market News Top Crypto News FTX Owes Over $3 Billion to Creditors – Top Crypto Updates FTX owes over $3 billion to its 50 largest creditors Troubled crypto exchange FTX owes $3.1 billion to its top 50 creditors, according to documents filed in Delaware bankruptcy court. FTX’s top ten creditors alone have more than $100 million each in unsecured claims. The filing explained that the debt does not involve anything owed to company […] Written by Cherian Varghese November 21, 2022November 21, 2022
Market News Top Crypto News Binance Doesn’t See Viable Business in India – Top Crypto Updates Binance doesn’t see viable business in India: CZ “To be honest, I don’t think India is a very crypto-friendly environment,” said Binance CEO Changpeng “CZ” Zhao. He blamed the country’s high tax environment for making the market not so viable for global players. “If you are going to tax 1% on each transaction, there is not […] Written by Cherian Varghese November 18, 2022November 18, 2022
Market News Top Crypto News SBF, Binance to Testify on FTX Collapse – Top Crypto Updates House Committee calls on SBF, Binance to testify on FTX collapse The U.S. House Financial Services Committee will hear from Sam Bankman-Fried (SBF) on the collapse of his crypto empire FTX next month. Binance, which offered to buy FTX before pulling out after seeing its financial statements, will also testify along with SBF’s trading firm Alameda Research and […] Written by Cherian Varghese November 17, 2022November 17, 2022
Market News Top Crypto News U.S. Banks Launch a Digital Dollar Blockchain Pilot – Top Crypto Updates U.S. banks launch a Digital Dollar blockchain pilot A group of banking institutions, including HBSC, Mastercard, and Wells Fargo, announced the launch of a proof-of-concept digital money platform called the Regulated Liability Network (RLN). The platform will use distributed ledger technology (or blockchain) to create opportunities to improve financial settlements. It would also draw participation from […] Written by Cherian Varghese November 16, 2022November 16, 2022
