The central bank of Russia has advised commercial banks on how to identify and block cards and wallet accounts used by shady businesses. Along with illegal forex dealers and financial pyramids, the regulator has also listed crypto exchangers as suspicious entities. New AML Recommendations by Bank of Russia Target Cryptocurrency Exchangers Russia’s central bank has issued a set of criteria […]

A new regulatory overhaul could put 40 out of 60 exchanges out of business in South Korea after the firms are expected to fail to meet the conditions that are being proposed by the Financial Services Commission (FSC). This action might also affect holders of locally used “kimchi” coins, that won’t be able to trade them for fiat in other […]

Cardano, the third cryptocurrency ranked by market cap, has successfully applied the “Alonzo” hard fork, adding smart contract capabilities to its functionality. The update, that had been deployed in testnet days ago, finally was incorporated in mainnet yesterday. Cardano is now looking to deploy defi apps, and there are already several parties working on widening the Cardano ecosystem in that […]

The price of Ripple (XRP) has been trading at $1.07 for the past two days. The upward movement was slowed down by resistance at the recent high. The uptrend is doubtful as the XRP price has a series of lower highs and lower lows. Today, the XRP price is struggling below the resistance of $1.08. The cryptocurrency is trading in […]

Huobi cryptocurrency exchange’s dedicated investment arm, Huobi Ventures, has set up a $10 million fund to invest in early-stage GameFi projects that combine decentralized finance (DeFi) features with gaming. The fund will provide direct investment to projects that integrate blockchain gaming with DeFi mechanisms. The GameFi business models allow users to earn dividends through features including “play to earn.”  On […]

Singapore’s DBS Group hopes to twofold the quantity of individuals on its new stage for cryptographic money exchanging to 1,000 by end-December and develop this by 20-30% yearly for the following three years as computerized tokens acquire agreeableness. In a meeting, DBS’s senior leaders said DBS Digital Exchange, set up in December as an individual’s just bourse, is seeing hearty […]

Recently, popular New Zealand-based crypto analyst Lark Davis (@TheCryptoLark on Twitter) explained why Solana’s $SOL token has been outperforming in 2021. Also, we look at updated $SOL price targets from other another prominent analyst. $SOL is the native token of the Solana blockchain. Solana is “an open source project implementing a new, high-performance, permissionless blockchain” that is maintained by the Geneva-based Solana Foundation. According […]

Eurex, a derivatives exchange owned by German stock market operator Deutsche Börse, has debuted cryptocurrency derivatives trading with ETC Group’s Bitcoin (BTC) exchange-traded note (ETN) futures product. Eurex officially announced Monday the launch of the Bitcoin ETN Futures contract developed by London-based crypto derivatives issuer ETC Group. “As the first step in our portfolio of crypto derivatives, the offering is […]