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CFTC charges many crypto options businesses. CFTC found that a total of 12 crypto exchanges failed to register as Merchants with CFTC. In the present time there are many crypto exchanges related to derivatives, futures & Options trading. For such operations, all the crypto exchanges needed to have license and registration with the Commodity Futures Trading Commission (CFTC). But many of the crypto exchanges are running their operations without any registration or permissionless. Recently CFTC took action on Kraken exchange, which was found to facilitate crypto transactions without having registration with CFTC as Merchant for the related crypto services.  Read also:  CFTC fines $1.25M on Kraken for CEA violation In the latest release , The Commodity Futures Trading Commission (CFTC) reported that they charged 14 NewYork based crypto exchanges. 12 out of 14 crypto exchanges were found to have no registration with the CFTC regulatory body as a merchant.  While 2 ex...

Lykke Wallet cryptocurrency exchange listed Cardano’s native token ADA. Exchange claimed that this is a new milestone for Cardano and the exchange. The Cardano project is very serious with its development, security & legality of the projects. Many times, Charles Hoskinson, creator of Cardano, said that those crypto assets will sustain their existence in the future, which will comply with the regulatory guidelines. Indirectly Charles criticized Bitcoin. After the recent Cardano summit 2021, Cardano team revealed many partnerships & collaborations with other crypto firms to bring revolution in the Cardano ecosystem based development. Read also:  COTI to Issue Djed Stablecoin on Cardano Blockchain Lykke Corp is a Swiss based blockchain firm. This firm also owns wallet & integrated crypto exchange. Lykke Wallet needed small & simple KYC process to access the services of crypto buy & sell.  On 28 September,  Lykke Corp announced on the twitter that the...

VISA firm is working on the development of blockchain platform that will allow central bank Digital Currency & all stablecoins transactions through a single channel. Giant payment firm Visa is continuously working to expand their financial infrastructure & ecosystem within the blockchain industry. Recently Visa established many partnerships with crypto services to make Visa more favourable toward the crypto ecosystem. Now Visa is going to connect all the stablecoins networks together.  Read also: Visa Planning to introduce Crypto Services in Traditional Banks in Brazil Through the recent announc ement , Visa firm explained that they are working on the development of stablecoin interoperability focused layer-2. This new development channel is termed as universal payments channel (UPC).  UPC channel will connect all blockchain networks of stablecoins whether they are Tether, USDC or Central Bank Digital Currency (CBDCs). So Visa’s UPC will allow cross chain transact...

Ethereum’s developer team confirmed about the next upgrade in Ethereum to switch Ethereum from Proof-of-work consensus to proof-of-stake consensus. Because of the time & situation, the Ethereum team is working to make Ethereum coin more affordable & better to make it affordable from every perspective. Recently EIP-1559 upgrade was done successfully with the London hardfork on Ethereum Mainnet. Now there are many upgrades, which will take place to make Ethereum to shift finally on the Proof-of-stake consensus.  The next upcoming upgrade in the Ethereum network of this year will take place on 27 October at 10:56:23 am UTC. This upgrade of Ethereum is termed as Altair Upgrade.  It is believed that the Ethereum team is able to predict the exact time, date & block because of the Proof-of-stake.  Altair Upgrade’s event will take place on epoch 74240.  This upgrade will shift the Ethereum blockchain to one step closer toward Ethereum 2.0. and also this u...

Reportedly 1inch platform is looking to launch a separate platform for the American users. Right now the exchange blocked all the customers of the US in advance. 1inch is a decentralized crypto exchange and this exchange is much popular in the category of DEX. This exchange currently owns ⅓ volume of the crypto trade.  Recently users of the United States found that they are not able to access the 1inch for trading purposes. A pop-up notification is showing which mentioned that “whether users are using VPN or 1inch restricted in your territory”.  It is worth to notice that, 1inch platform already restricted US customers in April 2021, as per terms and conditions. But the effects have been coming for a few days.  One of the crypto media blog reached to the 1inch to know what is the actual matter behind this restriction of the service, then the chief communications officer of 1inch, Sergey Maslennikov, stated on this matter and said  “Today we’ve just added one...

Many allegations of plaintiffs were dismissed by the district court judge in the hearing on Tuesday.  In October 2019, a case was filed against Bitfinex that the exchange tried to manipulate the market by issuing unbacked Tether. After that long time, the case is going on and it seems that case is going in favour of Bitfinex & Tether. In Tuesday’s hearing, Southern District of New York, District Judge Katherine Polk Failla dismissed a total of 5 allegations against the iFinex ( company behind Bitfinex exchange). So the District judge granted a motion to dismiss many of the claims in the case. But here we should not see Bitfinex & Tether at final win Because there are around 6 allegations, which are under consideration and the hearing decision is not finalized yet.  Judge clearly said that she will not allow investors (plaintiffs) to bring claims against these  firms ( Tether & Bitfinex) under the Racketeer Influenced and Corrupt Organizations Act.  ...

The co-founder of DogeCoin took to twitter and suggested to make a bridge between Ethereum and DogeCoin and make it available to pay for the payments on the NFTs based platforms. Billy Marcus is co-founder of DogeCoin and co-founded DogeCoin in 2013 with other head developer Jackson Palmer. Right now Marcus is no longer in the DogeCoin project as a developer. While recently he claimed that he is entering the crypto space to do trading.  Read also: Dogecoin Creator Getting Into Crypto After 8 Year On 20 September, Marcus shared two important things that can boost the use of DogeCoin.  In the first suggestion, Marcus suggested a complete bridge between DogeCoin and Ethereum blockchain.  This first suggestion is a clear indication that the bridge between the DogeCoin blockchain network and Ethereum blockchain network is in progress.  People are working on the DOGE-ETH bridge, yes. — Shibetoshi Nakamoto (@BillyM2k) September 29, 2021 In the second suggestio...

COTI will give a high boost through pushing their crypto ecosystem with the Banking system. Right now they will allow their users for the COTIpay debit cards for 3000 users.  COTI is a blockchain based platform, which is known for its integration of the payment infrastructure with other non-crypto platforms. Recently COTI became an official partnership with the Cardano project to issue Djed StableCoin on Cardano ecosystem. Read also:  COTI to Issue Djed Stablecoin on Cardano Blockchain In the latest announcement, COTI team confirmed that they established their partnership with the Simplex to bring lots of non crypto facilities for their customers. “We have been working with our close partner, Simplex, to provide our users with COTI bank accounts and debit cards, and we are happy to have successfully achieved this important milestone.” – The COTI Team COTI will provide their users a fiat bank account and fiat based cards facility. Users will be able to hold their fiat a...

Kraken Security Labs revealed many vulnerable factors in many US Bitcoin ATMs and claimed that if anyone gets access to administration QR code, then Bitcoin ATMs operators have to compromise. With the adoption of the Crypto, many firms are installing Bitcoin ATMs, so that people can utilize crypto assets just like fiat currency but there are many problems with these Bitcoin ATMs because this technology is in the initial stage of development. Recently, a few crypto firms came together and established a Cryptocurrency Compliance Cooperative (CCC) named organization to alert all the Bitcoin ATMs operators to follow the necessary guidelines to prohibit any kind of illicit activities associated with the Bitcoin ATMs transactions.  Read also:  All Bitcoin ATM operators needed to follow guidelines of CCC Kraken Security Labs experts team figured out many vulnerability issues in the General Bytes BATMTwo ATM range.  Report on the Vulnerability issues in the bitcoin ATMs was...

The Central Bank of Ukraine is looking to hire developers in the blockchain industry for the development of Central Bank Digital Currency of Ukraine. Blockchain technology adoption is increasing day by day. Crypto is the best example of blockchain technology potential. Most of the countries’ Central Banks are looking at the progress of the crypto industry which is fully decentralized and fully trusted by the crypto community because of the high security levels. Ukraine is the most influenced country in recent history, which is moving towards crypto-friendly decisions and looking to adopt blockchain technology for their better financial infrastructure.  Read also:  Ukraine sees Bitcoin as a non-risky element for the Monetary system National Bank of Ukraine taken on LinkedIn to hire blockchain developers. The hiring post for the blockchain developers was published by the director of the IT department of National Bank Of Ukraine, Vladimir Nagornyuk. According to the publis...

The Central Bank of the United Kingdom indicated that they will do deep research on the central Bank Digital Currency & blockchain technology in collaboration with high fintech firms.  In the present time almost all the countries’ Central banks are aware about the crypto & blockchain technology. And every central bank plans to bring their own blockchain based central bank digital currency to advance their financial infrastructure. Recently the Central Bank of Bhutan partnered with the Ripple firm to boost their financial institutions’ payment system and integrate the economy with other countries. Read also: Central Bank of Bhutan partners with Ripple The Bank of England announced on 29 September that they will do research in Central Bank Digital Currency (CBDCs). Through the announcement Bank said that they are in membership of its CBDC Engagement and Technology Forums.  Through the Technology Forum, they will utilize the resources of fintech firms. Big fintech f...

Billionaire Chamath Palihapitiya shared his stance on Bitcoin and claimed that Bitcoin replaced Gold in terms of Investment.  In the present time adoption of crypto is increasing rapidly, while there are few countries like China, which are not willing to have crypto like things in their country but want to see blockchain as a part of their financial infrastructure. Amid these situations, Bitcoin is getting huge attention from the big investors, and records show that Gold investors are moving toward Bitcoin Investment.  Read also:  Gold Investors Moving towards BTC and ETH : Bloomberg Expert Chamath Palihapitiya is a billionaire and also CEO of Social Capital. Recently, Chamath appeared in an interview with CNBC and said Bitcoin had “effectively replaced” gold. And also believes that Bitcoin will continuously beat Gold in terms of investment.  “I can pretty confidently say that bitcoin has replaced gold, and it will continue to do so” "I can pretty confide...

According to Polygon Co-founder, Ethereum will replace Bitcoin in terms of leading crypto network. That means adoption of Ethereum will be more than Bitcoin. In an interview with Cointelegraph, Sandeep nailwal, Co-founder of Polygon, talked about the Ethereum & Polygon claimed that polygon’s scaling solution will help Ethereum to push out the Bitcoin from space.  Sandeep said that Polygon will ensure the scaling solution of Ether network in the long term to achieve success. And in the present time there are many high scalability solutions, which are alternatives to Ethereum. For example Solana, but it will be very early to say that Solana is an Ethereum killer.  Further Sandeep added that Ethereum has better security and decentralized nature and also has a better chain of trust from the community.  After that, Sandeep asserted that Bitcoin can’t sustain its position against Ethereum because with Ethereum there are many use cases, while Bitcoin doesn’t have. ...

Ripple firm believes that contribution of Ripple in the NFTs based platform creation will help creators to monetize their artwork. In the present time NFTs based marketplace and projects are getting better attention from the crypto community, so most of the big crypto firms are looking to implement their ideas in the NFTs based concepts. Ripple became the latest to fund NFTs marketplace. Read also: Ripple made for payment purpose & it’s not speculative asset, says former US Treasurer On Wednesday, giant banking blockchain firm, Rippleannounced a $250 million fund for the NFTs marketplace to explore and generate new ideas and strategies for the use cases of NFTs.  Through the announcement, Ripple firm confirmed that they want to overcome the concerns in the NFTs based platforms like high transaction fees and possible effects on the environment because of NFTs.  “We believe NFTs embody the promise of tokenization and represent a tipping point for its embrace by the m...

BrightRidge is ordered to stop Bitcoin mining operations because of noise in violation of property codes.  BrightRidge is a firm, which is running Bitcoin mining rigs, which consumes electricity equal to the 10,000 homes electricity normal consumption. The whole firm is made on 22-acre land under full rules & regulation of Washington. But this firm is under problem because of Washington County order. According to Washington County, BrightRudge is in noisy violation of property codes. The main reason for the noise produced is the Bitcoin mining operations of BrightRidge.  According to Brig htRidge, they got a notice to shut down the operations of Bitcoin mining after the Washington County meeting on Monday.  Here the main allegation on BrightRidge is to trick the authorities, because when BrightRidge took permission to install their firm on 22 acre land & then they claimed that they will set up a blockchain data centre but in actual they installed Bitcoin mini...

The Algorand team announced the launching of a Virtual machine that will give options for developers to build complex smart contracts  in the Algorand ecosystem. Algorand ecosystem is getting huge popularity and fame since few months because of its ability and potential for future projects & development work on the Algorand ecosystem. On 29 September, Algorand announced that the upgraded version of launching Virtual machine will unlock huge features that will be a better option for the developers to develop & implement complex smart contract features in DeFi, the NFT marketplace, web3. Paul Riegle, the Chief Product Officer of Algorand, talked about this launching with the Cointelegraph and stated  “This AVM upgrade allows for the development of complex smart contract based applications in DeFi, the NFT marketplace, web3 and more. We’re already getting great feedback within the Algorand ecosystem, and look forward to continuing this momentum.” Earlier this mon...

Talin, Estonia, 29th September, 2021,   Leading digital asset wealth management platform sponsors Premier League football club just seven months on from public launch     YIELD App, a FinTech company, is thrilled to announce it has become the Official Digital Asset Wealth Management Partner of top Premier League football club, West Ham United. This exciting partnership comes just seven months after the public launch of YIELD App in February 2021, demonstrating the growing attractiveness of digital assets to a mainstream audience across the world.  YIELD App enables its users to invest in digital assets and earn as much as 20.5% annual interest at the touch of a button. YIELD App is challenging the status quo of the traditional investment system and has seen significant growth since its public launch, with 60,000 users and an impressive $400 million of managed assets to date. YIELD App users will now benefit from the opportunity to experience hospitality at...

Beepool became the latest to  decide to stop their operations because of the renewed China crypto ban. Recently China announced a renewed ban on crypto related operations, which are associated with the crypto directly or indirectly and also ordered exchanges to shut down the services which are providing their services from outside of China.  Read also:  Chinese central bank issues warning against all crypto exchanges available for China’s citizens : FUD Beepool is the fourth largest mining pool of Ethereum, which connects people globally to do mining operations.  Beepool announced on 28 September, that they will not allow new users to register accounts and also all existing users will be discontinued soon. And it is expected that they will halt their operations by October 15, by suspending their server online. pic.twitter.com/MEZJyIqued — beepool.org (@beepools) September 28, 2021 Earlier this, SparkPool announced to stop their operations. SparkPool is t...

Kraken exchanges failed to follow the laws precisely and facilitated illegally offered margined retail commodity transactions in cryptocurrencies.  Kraken is a popular crypto exchange in the US and also has a decent volume of crypto users on its platform. Under the Investment of US regulators, Kraken was found to violate laws.  Read also:  Kraken crypto exchange will support Google pay & Apple way to buy crypto The U.S. Commodity Futures Trading Commission (CFTC) found that Kraken Exchange is not registered as a futures commission merchant. But still this exchange facilitated illegally offered marginal retail commodity transactions in cryptocurrencies for IS customers.  So due to this violation of the Commodity Exchange Act (CEA), CFTC fined a total of $1.25 million on Kraken Exchange.  CFTC figured out that violations of CEA occur from June 2020 to JUly 2021, by Kraken end.  Regarding this, Kraken already updated their policy page of Exchange i...

Elon Musk shared his point of view on crypto and suggested the US government to do nothing with crypto.  In the present time crypto discussion is at tremendous level. On one side the US government is ready to hammer on the crypto industry through a new crypto infrastructure bill, on the other side China is spreading fuds with crypto ban. While China already banned all crypto related operations from China.  Read also: Chinese central bank issues warning against all crypto exchanges available for China’s citizens : FUD At the Code Conference in California, Elon Musk talked about Crypto. Elon Musk said that any government can slow down the progress and adoption of crypto but can’t destroy it, CNBC reported.   On the matter of China’s ban on crypto, Elon said that the decision to ban crypto was part of the electricity shortage. There are many cities in South China, which are facing a shortage of electricity supply. So the decision of China was to recover from the probl...

The El Salvador president shared a video on twitter to indicate how speedly they are moving towards Bitcoin mining with a 100% clean energy process. When Bitcoin law of El Salvador was not in effect then at that time El Salvador’s president talked about their plans on how they would generate revenue through the Bitcoin adoption. One of the plans of earning with Bitcoin was Bitcoin mining with clean & sustainable energy.  On 29 September, Nayib Bukele, president of El Salvador, shared a video on twitter with the tagline “first steps…”  First steps… #Bitcoin pic.twitter.com/duhHvmEnym — Nayib Bukele (@nayibbukele) September 28, 2021 In the video, there is a power plant and a big vehicle containing mining rigs. And also an engineer was installing mining rigs with the connection of Ethernet cable.  Through the video, Nayib Bukele clearly declared that they are taking advantage of China’s ban on mining operations. Nayib Bukele indirectly claimed that he is ...

As blockchain technology advances, it offers new answers to scalability, interoperability, and usability issues. With the usage of three different blockchains on its platform, Avalanche has chosen a unique approach. Avalanche promises to be “the quickest smart contracts platform in the blockchain industry, as measured by time-to-finality,” thanks to its native coin AVAX and various consensus methods. This article will look at what AVAX is, its launch, how it works, and much more.  What is Avalanche (AVAX)? Avalanche(AVAX) is a new platform from Ava Labs that allows anybody to create multi-functional blockchains and decentralized apps easily (dApps). It employs numerous innovations to overcome some of the shortcomings of earlier blockchain systems, including poor transaction times, centralization, and scalability. It is a one-of-a-kind Avalanche consensus system, which promises low latency, high throughput, and 51 percent attack resistance. In September 2020, Avalanche opened it...

Verifone established a partnership with Bitpay to allow merchants to accept payment in crypto assets. Recent survey reports clearly show how people are interested in going with crypto payments. Survey also shows that those people, who don’t know about crypto, may consider crypto services & products soon in future. So with the increase in the adoption rate of crypto among people, businesses needed to remain ready to adopt crypto. In the latest, Verifone announced to accept payment in crypto soon.  Read also: 11% Australian Crypto trader are women : Survey Verifone is a large point-of-sale provider in the US. Verifone announced that they integrated the blockchain technology of BitPay to allow the merchants to accept payment in crypto assets.  The CEO of Verifone, Mike Pulli, did a conversation with Cointelegraph and claimed that they will enable the whole networks of Verifone with merchants to accept crypto payments. All the services whether they are e-commerce online ...

Crypto.com shows its presence at a high level by showing its presence at the seventh most popular neobank in APAC. In the present time Neobanks ( digital banks) are growing their business and expanding their services more rapidly than traditional banks. The main reason for the growth of the Digital bank’s better services & all banking features within visiting the Banks. So Non Banks are providing more convenient ways to deal with the funds over traditional banks.  A report made on Digital Banking in Asia Pacific. Report published by Banking Payment Context (BPC) and Fincog.  Published report includes top 10 Neo Banks of Asia and Crypto.com is ranked at number 7, which is appreciable for crypto.com because Crypto.com is not only a digital bank, but it is also a digital assets bank and also provides crypto trading services for their customers.  Report also shows how Webank & Paytm established their services at the top in Asia.  Report also suggested th...

Hong Kong, Hong Kong, 28th September, 2021, Chainwire FUFU, the go-to platform for users to create interactive quizzes, and earn NFTs through their reward system, announced its IDO date that would begin on 30st September via BSC Station Launchpad and NFTPad. The listing will be on Pancakeswap and participants will be able to claim the tokens approximately 30 minutes after the listing. The ecosystem’s flagship NFT creation and distribution platform is UwUFUFU.com a gamified content marketing platform in the form of viral interactive quizzes. The play to earn quizzes bridges communities together, creating a new form of content marketing. The platform uses the versatility of quizzes to achieve its goal of providing entertainment and distributing marketing campaigns. Anyone can create, play and share quizzes, and thousands of users are already doing so organically without any incentives.  The users drive the ecosystem as they create the content, generate traffic and revenue. FUFU a...