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2024-05-03

Popular crypto exchanges(2023 Update) 2024-05-03
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Source: Getty ImagesCyprus authorities would soon impose hefty penalties on crypto asset service providers (CASPs) that are found offering services without registering with the country’s regulator – the Cyprus Securities and Exchange Commission (CYSEC).Cyprus’s move to clampdown on unlicensed crypto businesses comes after the country’s Ministry of Finance submitted a proposed legislative amendment to the “Prevention and Suppression of Money Laundering Law,” to the Parliamentary Committee on Legal Affairs.According to a local report, unlicensed crypto businesses in Cyprus would face a hefty penalty of €350,000 or five years in prison or both.The legislation before the House Finance Committee was drafted based on penalties imposed on non-compliant and unlicensed crypto service providers in other EU states.Also, the Ministry of Finance’s proposed amendment follows recommendations and directives from the Financial Action Task Force (FATF) and MONEYVAL report published in November 2022, the report added.The proposed amendment mandates all crypto asset service providers to register with the CYSEC, before offering any crypto-related products and services. By doing so, the Finance Ministry aims to protect investors from the risks of illegal activities and money laundering.Furthermore, the Cyprus Bar Association has given inputs on the scope of the law, particularly, the requirement for CSPs registered in other EU States to register with the Cyprus regulator.Penalties Imposed by EU Member StatesIn Malta, anti-money laundering regulators have fined cryptocurrency platforms Bequant Pro Ltd and Bequant Exchange Ltd nearly half a million Euros and other parallel enforcement actions against non-compliant virtual asset service providers.The country has imposed imprisonment for up to six years and fines of up to €15 million, per reports.In Luxemburg, regulators have slapped fines of up to €5 million for non-licensed crypto businesses, and Belgium has imposed penalties ranging between €400,000 and €800,000. France and Ireland also have similar stricter penalties and imprisonment for such offenses.Breaking: Bitstamp Resumes XRP Trading After Temporary Suspension Web3 has changed the way that games are being played with a new innovative form of network model for data sharing. Blockchain opens up the beginning of Web3 trends. Bitcoin exchangeBNB Chain’s mission is to build the infrastructure powering the world’s parallel virtual ecosystem. BNB Chain’s commitment to the community would be open, multi-chain, for creators and inventors, public approval, and decentralized, according to Binance. Source / Sam Cooling x TheDigitalLineAs October unfolds, crypto markets are still wrestling with the term 'Uptober' - for the uninitiated, "Uptober" is an amalgamation of “up” and “October”, describing the historical trend where Bitcoin, and often other major cryptocurrencies, witness a price surge in October.As Bitcoin kicks off the month at above $28,000, its highest since mid-August, many are hopeful for a promising Uptober.But why has this month been so significant for crypto enthusiasts?Historical data from reveals an interesting pattern: Bitcoin has recorded gains in all but two Octobers since 2013 - the only exceptions were in 2018 and 2019.On the flip side, September often earns the nickname 'Rektember' due to its frequent price drops.Hargreaves Lansdown Analysts Talks Significance of UptoberAlthough past performances don't guarantee future outcomes, such trends can create self-fulfilling prophecies.Susannah Streeter, Head of Money and Markets at Hargreaves Lansdown, offers a seasoned perspective.“Crypto has a spring in its step at the start of this month, which has already been given the moniker 'Uptober'", said Streeter."Speculation is swirling that, given past performance, there could be a positive few weeks ahead for coins and tokens.”The rise isn't just speculative - factors such as Coinbase's recent licensing by Singapore's central bank play a role in bolstering market sentiment.However, Streeter also warns of the dangers lurking in crypto markets, especially in the wake of the FTX exchange collapse.“The crypto wild west is still a fragile niche in the larger financial system, where money is being bet on highly speculative assets - in this opaque world, fraud is rife, and the clamour for greater regulation will mount," added Streeter.Uptober vs. Traditional Financial Events in 2023In the midst of this, traditional financial events will inevitably play a role in the crypto market movements.The upcoming week ahead (October 9-13) marks the beginning of the earnings season, with major financial institutions like JPMorgan Chase, Wells Fargo, Citigroup, and BlackRock reporting their earnings.We're also poised to receive the latest inflation readings, shedding light on economic health.Meanwhile, non-financial giants like Amazon are also making waves, the e-commerce behemoth will be hosting its "Prime Big Deal Days" event, which could indirectly influence the general investment climate, and in turn, crypto market sentiments.So, what does all this mean for the average investor?Source / CoinGeckoWhile the historical performance of Bitcoin in October is undoubtedly promising, it's essential to tread cautiously.“Investors should be wary of trying to catch a ride on crypto solely on these moments of momentum," stressed Streeter."Although it seems clear that cryptocurrencies are here to stay, the waiting game is still on for more regulated options for investors.”As we move through Uptober, it remains to be seen if Bitcoin and its counterparts will soar or if unexpected events will dampen the spirits of crypto markets.Regardless of the outcome, one thing remains certain: in the ever-evolving crypto industry, every month brings its share of fresh surprises.Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.$1m Fortune Won Playing Slots Game on No.1 Telegram Casino Mega Dice

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Blockchain analytics CoinScan raises $6.3 millionCrypto analytics platform CoinScan raised $6.3 million in September. It seeks to offer safety checks, holders and airdrop analysis and social sentiment analysis across the crypto community. CoinScan is the first product from CryptoHub, which is a Web3 company focused on the blockchain economy and backed by DraftKings’ top individual shareholder and billionaire, Shalom MecKenzie, alongside investors from Playtech and iAngels. “Crypto, much like sports betting, should give people the tools and data to make their own assessments about risk and reward,” said MecKenzie in a statement, claiming CoinScan will provide data pulled from multiple sources to provide charting insights. Mythic Protocol raises $6.5 million seed round for collaborative entertainmentMythic Protocol closed a $6.5 million seed round co-led by Shima Capital’s founder, Yida Gao, alongside Alpha JWC, Saison Capital, GDP Ventures, Planetarium Labs and others. The team behind the project is working in a collaborative entertainment ecosystem that utilizes a game-first strategy to acquire, retain and scale users. The funds will be deployed in the coming months to develop and launch the initial core offerings focusing on gamers, creators, and investors. “With a founding team that has launched over 250 game titles since 2009 from one of the biggest gaming studios in SEA, we have no doubt that they will carry their track record of success into the next cycle of gaming,” said Gao.Before you go: ConsenSys launches pre-accelerator program for Web3 foundersTechnology company ConsenSys announced the launch of its pre-accelerator program, ConsenSys Fellowship, to support early-stage Web3 startups. The fellowship aims to help early-stage startups bridge the gap between an idea with potential and a functional business, product or tool. The 12-week program will offer guided workshops, weekly curricula, mentorship and access to ConsenSys’ network to accelerate up to 15 startups. Fellowship teams will be eligible for follow-on investments from a $1.5 million fund. Magazine: ‘AI has killed the industry’ — EasyTranslate boss on adapting to changeTokenization is “securitization done on steroids” — Franklin Templeton CEO As it stands, the bulls and bears appear to have come to a compromise, as the sell-off is gradually wearing off as bullish sentiments begin to take over. While the trading volume as marked by CoinMarketCap is down by 22%, with just $153.7 million, data from IntoTheBlock (ITB) reveals that the current Dogecoin whale transaction is up by 49.6% to $1.32 billion. What is the cheapest and most profitable cryptocurrency?You might also like: Hacken boosts Binance proof of reserves security This is a bullish development when a momentum increase accompanies a price decrease.

The market volatility tends to increase during geopolitical crises such as war or other military conflicts. While the price of commodities such as oil and gold increases, investors tend to move away from riskier assets such as stocks and crypto. Chart from TradingView. 8 "Best" Crypto Apps UK Compared in 2023 (+ Pros & Cons)Dogecoin’s popularity skyrocketed only a month after Markus and Palmer launched it. The Dogecoin website saw 1 million visitors within only 30 days. Three weeks after its launch, Dogecoin’s price jumped 300% in value in only 72 hours. In January 2014, Dogecoin’s trading volume briefly passed Bitcoin and all other cryptocurrencies combined. Bitstamp is arguably one of the biggest backers of XRP. The trading platform joined other exchanges, including Coinbase, to relist the coin in July after Judge Analisa Torres declared it a non-security.

Since the beginning of the war that started on Saturday, over 800 Israelis have died and more than 2,600 people are wounded, with over 100 people kidnapped into Gaza.Local Web3 community launches ‘Crypto Aid Israel’ to help displaced citizens Analysts Forecast Increased Volatility in Markets Due to Israel-Palestine War Bitcoin Price Prediction 2023 -2030|Is BTC a Good ...Applications of Smart Contract There is a significant difference between a libertarian approach to crypto privacy (doing what you want with no regards to anti-money laundering efforts) and privacy that enables new use cases in a regulatory-friendly way (doing what you want as long as your funds come from a legitimate source).

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