Finance world news

Mandy Op.

Mandy Op.

Hong Kong launches task force for blockchain development

Hong Kong launches task force for blockchain development

The Hong Kong authorities have announced the creation of a Task Force to promote Web3 development. The goal of the project is to extract potential benefits for many industries through blockchain technology.

UK approves legislation to regulate cryptocurrencies and stabelcoins

UK approves legislation to regulate cryptocurrencies and stabelcoins

Britain's King Charles has signed into law the Financial Services and Markets Act. The country will now classify digital assets and stablcoins as regulated financial activities.

Miners sent $1 billion worth of bitcoins to cryptocurrency exchanges

Miners sent $1 billion worth of bitcoins to cryptocurrency exchanges

According to CryptoQuant analysts, miners have sent more than $1 billion worth of bitcoins to exchanges in 2 weeks. About 33,860 BTC were sent to derivatives exchanges. "Despite the high volume, these coins are not likely to enter spot exchanges. This means it will not put market pressure

FTX begins talks to relaunch exchange

FTX begins talks to relaunch exchange

FTX is making efforts to relaunch the exchange and has begun talks to do so, WSJ writes. The company "has begun the process of engaging stakeholders to reboot FTX com," CEO John J. Ray III said.

Robinhood to lay off 7% of staff

Robinhood to lay off 7% of staff

Crypto-exchange Robinhood is reducing its staff by about 7%, according to an official press release. The reason for the layoffs is a reduction in workload and operational tasks.

Binance will not delist anonymous coins in Europe

Binance will not delist anonymous coins in Europe

Binance has cancelled the delisting of anonymous coins in Europe, following a review of local legislation. The list included DASH, XMR, DCR, ZEC, ZEN, PIVX, NAV, SCRT, XVG, FIRO, BEAM and MOB.

Belgian regulator orders Binance to stop providing crypto services in the country

Belgian regulator orders Binance to stop providing crypto services in the country

Belgian regulator FSMA has ordered Binance to immediately stop providing any digital currency-related services in the country. In addition to the order, the regulator required the exchange to take steps to recover assets from the platform's local customers.

Valkyrie has applied for registration of a spot bitcoin ETF

Valkyrie has applied for registration of a spot bitcoin ETF

Valkyrie Digital Assets has filed a re-application with the SEC to register a spot bitcoin ETF. The company plans to list the new ETF on Nasdaq under the ticker symbol BRRR.

New Mystic Stealer virus steals user data from crypto wallets and apps

New Mystic Stealer virus steals user data from crypto wallets and apps

Cyber security analysts at Zscaler and Cyfirma report that hackers created a new kind of virus, Mystic Stealer, in April this year that can steal data from 70 browser extensions and crypto-purses. The list includes MetaMask, Coinbase Wallet, Binance, Rabby Wallet, OKX Wallet, OneKey, etc. Experts suggest using quality antivirus

Mastercard files trademark application to develop cryptocurrency solutions

Mastercard files trademark application to develop cryptocurrency solutions

Payments giant Mastercard has applied to the United States Patent and Trademark Office (USPTO) for a new trademark. According to the papers, the company plans to develop software for cryptocurrency settlement and interconnectivity.