Thanks to its well-defined regulatory framework, Malta now accounts for the largest share of cryptocurrency trading volume in the world. This conclusion comes from a Business Insider report Sunday, Apr 29, that cites a recent research done by the Morgan Stanley bank. A team of Morgan Stanley researchers, led by analyst Sheena Shah, has conducted a study on the distribution of cryptocurrency exchanges and crypto trading volume across all countries, based on volume data from Coinmarketcap and company registration info listed on the websites of the respective exchanges. Continue reading Defined Regulations Main Factor For Crypto Exchanges When Choosing Country
Binance chief Zhao Changpeng, founder of the world’s largest cryptocurrency exchange, has formally denied allegations made by venture capital firm Sequoia Capital about a failed funding deal. As reported yesterday, a subsidiary of Sequoia Capital China sued Zhao in a Hong Kong lawsuit claiming the crypto exchange founder had violated terms of an exclusivity agreement by holding fundraising talks with other potential investors. It is believed that negotiations between the two parties broke down after Binance shareholders were left unimpressed by Sequoia’s valuation of Binance, at a proposed $80 million. Continue reading Binance CEO Zhao “Denies All” Sequoia Allegations in Hong Kong Lawsuit
Cryptocurrency exchange giant OKEx is pushing back against allegations that it is responsible for market manipulation that caused the Bitcoin price to crash below $5,000 on its futures exchange last week. Continue reading OKEx Denies Responsibility for Bitcoin Price Crash on Futures Exchange
Japan’s top securities regulator will warn cryptocurrency exchange Binance that it must cease operating in the country without a license or face enforcement action. Citing a person familiar with the matter, Nikkei reports that Japan’s Financial Services Agency (FSA) will issue a formal warning to Binance, which has allegedly begun expanding operations into Japan without permission from the regulatory agency. Continue reading Cryptocurrency Exchange Binance Faces Regulatory Pressure in Japan
It has been announced that the Marketing Director of Adastra Marketing, Amelie Arras, will look to defend bitcoin’s crown in the upcoming Money20/20 Asia Payments Race. Mrs. Arras is hoping to repeat her performance from last year, where she defeated four other participants to claim victory for bitcoin in the Money20/20 USA Payments Race. Amelie Arras will look to defend bitcoin’s crown in the upcoming Money 20/20 Asia Payments Race, in which Mrs. Arras will attempt to cross Asia solely using BTC. The five-day race is scheduled to commence in Hong Kong on the 10th of March, during which Mrs. Arras will exclusively transact in bitcoin, before arriving at the Money 20/20 Asia Conference in Singapore. “My experience from the previous Payments Race showed me first hand that acceptance at a merchant level is not what I can rely on to win. Instead, I will be using bitcoin for what it was originally designed for, a peer to peer currency. Using the power and enthusiasm of the crypto community, I am determined to win the race again,” Mrs. Arras stated.