CRYPTOCURRENCIES
1inch Network Launches New Hardware Wallet
1inch is the newest hardware wallet supplier for cryptocurrency. The 1inch Hardware Wallet's 2.7-inch E-Ink grayscale touch panel and stainless-steel frame mimic the iPhone 13.
Binance tightens NFT rules, announces delistings and KYC
Binance has tightened NFT listings. Binance will delist NFTs having an average daily trading volume below $1,000 listed before Oct. 2, 2022. After that, NFT artists may only manufacture five digital collectibles every day.
Israeli Securities Regulator Seeks Crypto Legal Framework
ISA proposes digital asset regulation. Over 150 firms operate in Israel, and more investors are exposed to digital assets. Over the years, the authority has formed many committees to control cryptocurrency supply and encourage digital markets. It also requires digital asset issuers to publish a prospectus-like document before issuance or trade. After Israel's top economist urged for a more comprehensive regulatory framework to align trading platforms and crypto issuers.
Uniswap allows debit and credit card purchases of cryptocurrencies.
Moonpay, a fintech business, and Uniswap, a company that trades in digital currency, have formed a partnership that will enable users of Uniswap's web app to purchase cryptocurrencies using debit cards, credit cards, or bank transfers. Purchases of cryptocurrencies will also be possible to be made through bank transfers for users of the decentralized exchange. Users in most states in the United States, Brazil, the United Kingdom, and the Single Euro Payments Area will soon have access to the bank transfer option (SEPA).
JPMorgan: 13% Of Americans Own Crypto
JPMorgan Chase found that 13% of Americans—43 million people—have owned cryptocurrencies. The paper analyzes over 5 million bank-to-crypto account currency transactions. It discovered that males of all ages and demographic groupings purchase crypto more than women. According to a CoinMarketCap analysis, crypto ownership has risen over the previous several years despite the current price drop.
Mercedes F1 Team Terminates FTX Partnership
Mercedes formula one (F1) team suspended its sponsorship deal with troubled crypto exchange FTX.
FTX Enters Bankruptcy as Sam Bankman-Fried Steps Down as CEO
Troubled crypto exchange FTX filed for Chapter 11 bankruptcy protection in the U.S., with Sam Bankman-Fried resigning as the CEO.
It is High Time to Rethink Holding Strategies as FTX Crisis Roams, Says Blockchain.com CEO
Speaking on CNBC’s “Closing Bell” Thursday, Blockchain.com CEO Peter Smith deemed the collapse of crypto exchange FTX as “a tragedy and total failure of governance.”
Bitcoin Gains Momentum Based on Positive CPI Numbers
After slipping to lows of $15.5K amid FTX’s liquidity crunch, Bitcoin gained momentum based on positive consumer price index (CPI) numbers released by the U.S. Bureau of Labor Statistics.
Proof-of-Reserves Becomes a Burning Issue amid FTX Crisis
With the liquidity issue being a primary contributor to the FTX crisis, the proof-of-reserves concept has engulfed the crypto sector with more exchanges gearing towards showing more transparency.
Billions of Dollars Exit Exchanges as Investors Scuttle Towards Safety
Investors are withdrawing their funds from exchanges amid the FTX implosion
Bahrain-Based Crypto Platform to Enable Real Estate Acquisition Using Crypto
CoinMena, a Bahrain-based crypto asset service provider, has teamed up with Carlton Real Estate, to facilitate real estate purchases using cryptocurrencies.
Mastercard CEO Says Crypto Has a Long Way to go Before Going Mainstream
Mastercard CEO Michael Miebach says crypto has some hurdles to cross before going mainstream
Binance Has Enabled Iranians Transact $8 Billion Despite Sanctions
Since 2018, crypto exchange Binance has carried out Iranian transactions worth $8 billion despite being slapped with U.S. sanctions
Hong Kong, Singapore Sees Diverging Approaches to Retail Crypto Trading
Hong Kong is planning to shift to a friendlier approach towards cryptocurrencies starting next year, according to a Bloomberg report, while neighbouring Singapore is planning to impose fresh restrictions on consumers.