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Nigerian Lawmaker Proposes Closure of All Domiciliary Accounts in Order to Save Imperiled Naira

Source Node: https://news.bitcoin.com/nigerian-lawmaker-proposes-closure-of-all-domiciliary-accounts-in-order-to-save-naira/

Time Stamp: September 30, 2021 6:30 AM - Modified On: September 30, 2021 - Published By:

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Republished By Plato

Nigerian lawmaker Ibrahim Obanikoro has called on Nigerian authorities to “close all domiciliary accounts for the next 12 months.” Such a move, he argues, will help to ease pressure on the naira, which has depreciated by more than 10% in the past two months. The Naira’s Continuing Depreciation The call by Obanikoro comes nearly two weeks after threats from the Central Bank of Nigeria (CBN) governor forced Abokifx to stop publishing the naira’s black market exchange rates. Yet even after the suspension of the service, the naira continues to slide

Fortune Publishes their Most Disgusting Bitcoin Article Yet. Here’s Why.

Source Node: https://bitcoinist.com/fortune-publishes-their-most-disgusting-bitcoin-article-yet-heres-why/?utm_source=rss&utm_medium=rss&utm_campaign=fortune-publishes-their-most-disgusting-bitcoin-article-yet-heres-why

Time Stamp: September 30, 2021 4:21 AM - Modified On: September 30, 2021 - Published By:

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Republished By Plato

Just when you thought Fortune couldn’t sink any lower with their Bitcoin slander, the publication tries to relate a neutral technology to “the alt-right” and “white supremacists.” Is this what journalism has devolved into? Unfortunately, in the case of Fortune, the answer is yes. This is not the first time they have used their publication as a weapon. They’ve tried to slander Bitcoin numerous times before, and there’s a concrete reason for that. Related Reading | Bitcoin And Crypto Adoption Soars 880% In 2021, This Is What’s Driving It Before

Revolut to Reportedly Launch Own Cryptocurrency Token

Source Node: https://cryptopotato.com/revolut-to-reportedly-launch-own-cryptocurrency-token/

Time Stamp: September 28, 2021 8:03 AM - Modified On: September 28, 2021 - Published By:

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Republished By Plato

According to a recent report, Revolut seeks approval from UK’s securities regulator to launch its exchange token. Should the initiative be greenlighted, it will start from Europe and other non-US-based locations. Citing people familiar with the matter, CoinDesk reported earlier that Revolut – a leading fintech firm – wants to release its cryptocurrency token. One of the sources indicated that users would be able to utilize the coin similarly to Wirex and Nexo. However, such a development would be possible only if the initiative received regulatory approval from the UK

DeFi protocol run by ex-Coinbase dev just did $3.6 billion in daily trading volume

Source Node: https://cryptoslate.com/defi-protocol-run-by-ex-coinbase-dev-just-did-3-6-billion-in-daily-trading-volume/

Time Stamp: September 28, 2021 5:00 AM - Modified On: September 28, 2021 - Published By:

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Republished By Plato

dYdX (DYDX), a decentralized derivatives exchange that runs on Ethereum (ETH), has surpassed Coinbase’s volume for the first time, executing over $3.6 billion in trades in a 24-hour period.The protocol’s success came in the midst of Beijing stepping up its clampdown on crypto, which spurred the recent interest in decentralized exchanges (DEXs) and other decentralized finance (DeFi) products among Chinese users.Ethereum Layer-2 DEX doing more volume than Coinbase“5 years ago I left Coinbase and eventually founded dYdX. Today, for the first time, dYdX protocol is doing more trade volume than

e-Money and Osmosis Team Up to Make eEUR the First Stablecoin to Be Listed on Osmosis AMM Decentralised Exchange

Source Node: https://bitcoinist.com/e-money-and-osmosis-team-up-to-make-eeur-the-first-stablecoin-to-be-listed-on-osmosis-amm-decentralised-exchange/?utm_source=rss&utm_medium=rss&utm_campaign=e-money-and-osmosis-team-up-to-make-eeur-the-first-stablecoin-to-be-listed-on-osmosis-amm-decentralised-exchange

Time Stamp: September 27, 2021 8:20 AM - Modified On: September 27, 2021 - Published By:

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Republished By Plato

Most active DeFi participants have probably heard about Osmosis by now. The Cosmos Hub-based AMM platform has skyrocketed to over $500 million in Total Value Locked and built a global community of passionate supporters. Now, Osmosis is advancing to its next milestone by partnering with e-Money, a popular blockchain-based payment platform, to introduce eEUR as the first stablecoin to be listed on the project’s AMM decentralized exchange (DEX). This marks an important step in helping onboard the next wave of DeFi users that might be waiting to participate with a

Binance halts spot trading, fiat deposit services among others, in Singapore

Source Node: https://ambcrypto.com/binance-halts-spot-trading-fiat-deposit-services-among-others-in-singapore/

Time Stamp: September 27, 2021 8:00 AM - Modified On: September 27, 2021 - Published By:

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Republished By Plato

dditionally, no user will be able to purchase cryptocurrencies through fiat channels and liquid swaps. The development comes after Binance made further changes to comply with the Monetary Authority of Singapore [MAS], by ceasing all related trades. Now, Binance has asked its Singapore users to withdraw fiat assets and redeem tokens by Wednesday, 26 October, 04:00 AM UTC to avoid potential trading disputes. Earlier this month, the country’s central bank had ordered Binance to stop soliciting trades for Singapore’s resident customers. Following this, the exchange had stopped offering SGD trading pairs

Crypto Exchanges, Services Scramble to Sever Ties With Chinese Clients

Source Node: https://beincrypto.com/crypto-exchanges-services-scrambling-sever-ties-chinese-clients/

Time Stamp: September 27, 2021 7:46 AM - Modified On: September 27, 2021 - Published By:

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Republished By Plato

Cryptocurrency exchanges and service providers are scrambling to sever ties with their mainland Chinese clients, following Chinese authorities’ recent crackdown.Sponsored Sponsored Already, two of the world’s largest exchanges, Huobi Global and Binance, have halted new account registrations from mainland customers. Huobi added that it would also clean up existing customers by the end of the year. “On the very day we saw the notice, we started to take corrective measures,” said Huobi Group co-founder Du Jun. Additionally, TokenPocket, a popular crypto wallet service provider, said it would terminate services to

Former U.S. official says cryptocurrency not some ‘libertarian paradise’

Source Node: https://ambcrypto.com/former-u-s-official-says-cryptocurrency-not-some-libertarian-paradise/

Time Stamp: September 27, 2021 7:00 AM - Modified On: September 27, 2021 - Published By:

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Republished By Plato

Cryptocurrency has been around for a long time now. However, its mainstream adoption gained a boost lately with 2020 being a remarkable year. But 2021 saw a major push as countries and/or organizations across the globe have been accepting cryptocurrencies in some form or the other. That said, countries have also been working on cryptocurrency regulations to govern the process of exchanging through crypto. Something that can actually benefit these tokens. Former US Treasury secretary Lawrence Summers, while speaking to Bloomberg expressed his opinions concerning the cryptocurrency regulations. During this

Phemex: Trade simply and manage risks efficiently

Source Node: https://ambcrypto.com/phemex-trade-simply-and-manage-risks-efficiently/

Time Stamp: September 27, 2021 6:15 AM - Modified On: September 27, 2021 - Published By:

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Republished By Plato

The Phemex exchange was founded in 2019 by a group of experienced Wall Street executives who wanted to build a professional and transparent crypto trading platform with a customer-centric approach. Phemex empowers its users to access the right set of tools in order to manage risks associated with trading crypto. The Phemex Story The team chose the name Phemex in order to highlight their dedication to building a trustworthy trading platform. Pheme is the Greek god of fame which represents the public voice, while MEX stands for mercantile exchange. Together,

Indonesia Confirms It’s Not Imposing Blanket Crypto Ban

Source Node: https://beincrypto.com/indonesia-confirms-not-imposing-blanket-crypto-ban/

Time Stamp: September 27, 2021 5:47 AM - Modified On: September 27, 2021 - Published By:

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Republished By Plato

The Indonesian government has given its residents the green light for cryptocurrency trading, refusing to impose an outright ban on all crypto-related transactions. Sponsored Sponsored The government instead will seek to focus its regulatory effort on the prevention of crimes in which cryptocurrency is involved. Cryptocurrencies are treated as tradable assets and commodities, which are unfit for payments, according to the Central Bank. The government maintains that crypto assets are a volatile asset class, with little backing. Crypto asset trading was legalized in 2018 in the Ministry of Trade Regulation

Ripple’s Use Case Stand Out While Others Remain Speculative

Source Node: https://coinquora.com/ripples-use-case-stand-out-while-others-remain-speculative/

Time Stamp: September 27, 2021 4:48 AM - Modified On: September 27, 2021 - Published By:

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Republished By Plato

Regulation News Ripple and SEC legal talks continue. XRP provides great cross border payments. The Securities and Exchange Commission (SEC) and Ripple (XRP) legal talks in the US continue to heat up. As a result, these issues have become one of the most talked-about topics in the crypto world. Recently, the CEO of Ripple, Brad Garlinghouse, insisted that the SEC has provided no clarity in crypto regulation and has lost sight of its mission to protect investors. Despite this ongoing heated debate between SEC and Ripple, XRP continues to provide

Netflix Announces Documentary About Quadrigacx’s Downfall

Source Node: https://news.bitcoin.com/netflix-announces-documentary-about-quadrigacxs-downfall/

Time Stamp: September 27, 2021 4:30 AM - Modified On: September 27, 2021 - Published By:

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Republished By Plato

Netflix, the world’s largest video streaming company, has announced it is working on a documentary that deals with the aftermath of the Quadrigacx saga. According to brief descriptions, the documentary titled; “Trust No One: The Hunt for the Crypto King,” deals with how the users affected by the death of Quadrigacx’s CEO Gerry Cotten try to uncover the mystery behind his strange death and the private keys that supposedly only he held at his death. Netflix To Release Quadrigacx Documentary Next Year Netflix, one of the leading video streaming sites,

Nigerian Lawmaker Proposes Closure of All Domiciliary Accounts in Order to Save Imperiled Naira

DeFi protocol run by ex-Coinbase dev just did $3.6 billion in daily trading volume

e-Money and Osmosis Team Up to Make eEUR the First Stablecoin to Be Listed on Osmosis AMM Decentralised Exchange

Former U.S. official says cryptocurrency not some ‘libertarian paradise’

Indonesia Confirms It’s Not Imposing Blanket Crypto Ban

Netflix Announces Documentary About Quadrigacx’s Downfall

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