FTX.US Says Crypto Derivatives Launch Within a Year
FTX.US has announced plans to launch offerings for crypto futures within a year. Currently, the exchange only offers crypto spot trading to U.S. clients in abidance to the country's regulatory framework. FTX.US is the U.S. subsidiary of FTX, the second-largest cryptocurrency
Mossad Looks To Hire Cryptocurrency Expert
A local publication from a media firm in Israel has stated that Mossad, the Israeli Intelligence Agency, is looking to hire a cryptocurrency expert. The job posting also stated that the agency was looking for other professionals with expertise in
CFTC Commissioner Says SEC Has No Authority Over Crypto
https://twitter.com/CFTCquintenz/status/1422912721637580803 The Commodity Futures Trading Commission (CFTC) has stated that cryptocurrency regulations do not fall under U.S. Securities and Exchange Commission (SEC) oversight. The CFTC argument comes as the SEC looks for ways to gain more control over the crypto market. In
ConsenSys CEO Says Ethereum Will Be Bigger Than Bitcoin
ConsenSys CEO and Ethereum's co-founder, Joseph Lubin, has stated that Ethereum is shifting into "ultrasound money" amidst the long-awaited London Hard Fork upgrade. Lubin was giving an interview with Bloomberg, where he was speaking on the EIP-1559 upgrade. Lubin also added
Uruguay Introduces Bill To Adopt Crypto Payments
In a bill introduced by Uruguay Senator Juan Satori, the country is looking to pass a proposal that will regulate cryptocurrencies and allow these digital assets to be used for payments. In a tweet posted on August 4, the senator stated
Saudi Aramco Dismisses Reports on Bitcoin Mining Plans
Saudi Aramco has denied claims of being involved in bitcoin mining activities. The oil-exporting company has been actively involved in blockchain projects, fueling rumors that it could be partaking in bitcoin mining. In a recent statement, Saudi Aramco said; “With reference to
South Korean Crypto Exchanges Close as Compliance Deadline Nears
South Korea’s financial market regulator, the Financial Service Commission (FSC), has reportedly shut down 11 mid-sized crypto exchanges in the country. The names of the affected exchanges have not been disclosed. The exchanges shut down in the ongoing crackdown are those
Kakao Subsidiary Wins Bid To Test South Korea’s CBDC
The Central Bank of South Korea has partnered with Ground X, a blockchain subsidiary of Kakao, to help with its digital fiat efforts. Kakao is one of the leading internet providers in South Korea. Ground X will supply the leading technology
Cryptocurrency Bill Proposed in Paraguay
Paraguay has joined El Salvador in implementing a Bitcoin law that will govern crypto use. The bill is being led by Congressman Carlos Rejala and Senator Fernando Silva Facetti. However, the new law will be different from what was passed
China Orders Closure of Software Company For Crypto Trading
China’s Central Bank has ordered the closure of a software company based in Beijing for allegedly involving itself with crypto trading. The recent announcement seeks to enforce the crypto restrictions imposed in the country. Authorities in the country ordered the immediate