Trading of Nifty index set to shift from Singapore exchange to GIFT City platform - cyptoranking.com

2024-05-14

Popular crypto exchanges(2023 Update) 2024-05-14
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Zhu Su is the president and director of Three Arrows Capital, while Davies is the chairman and director. Both have received a nine-year ban from the Monetary Authority of Singapore, which prohibits them from participating in regulated activities and holding positions in capital market services companies.UK Committee Rejects Crypto Fan Tokens in Sports as Valid Engagement Metric CryptoRank's Q3 Fundraising Report Trading of Nifty index set to shift from Singapore exchange to GIFT City platformImage by Sergei Tokmakov, Esq. https://Terms.Law from PixabayToday, the Hong Kong Monetary Authority (HKMA) issued a warning to cryptocurrency companies that improperly use the term "bank" in describing their services. The authority stated that such wording wrongly suggests these companies are regulated by the HKMA, which is not the case. According to HKMA rules, only organizations with specific licenses can operate as banks in Hong Kong."Under the Banking Ordinance, only licensed banks, restricted license banks and deposit-taking companies, which have been granted a license by the HKMA can carry out banking or deposit-taking business in Hong Kong," the HKMA clarified in its statement.Crypto companies are also not allowed to compare their services to traditional banking services, nor can they encourage customers to open "banking accounts" or label their offerings as "deposits."Regulatory Actions on Misleading Crypto CompaniesThis alert from the HKMA follows another from the Hong Kong Securities and Futures Commission (SFC) targeting a crypto trading platform known as JPEX. The SFC criticized JPEX for using terms like "crypto 'deposits,' 'savings,' or 'earnings,' which are not permitted under the SFC's oversight framework for crypto trading platforms."The SFC also rebuked JPEX for portraying itself as a licensed entity, despite not having applied for or received any such license.In a similar vein, back in August, the SFC warned the public about unlicensed crypto platforms that were involved in questionable activities. According to the SFC, platforms that claim to have applied for licenses "may not be in compliance with the legal and regulatory requirements under the new regime."Misrepresenting a company as a licensed entity when it has not received authorization is also an offense, much like the misuse of the term "bank" by crypto companies.The Changing Landscape of Hong Kong Crypto RegulationEarlier this year, Hong Kong made several moves to become more welcoming to crypto businesses, including the initiation of a Central Bank Digital Currency (CBDC) trial. Yet, as these recent warnings indicate, the authorities are taking a balanced approach to crypto regulation, ensuring that companies do not mislead the public or operate outside the bounds of established regulations.In short, while Hong Kong has made efforts to become more accommodating to crypto businesses, the recent actions by HKMA and SFC show that they are not letting their guard down in terms of crypto regulations. The authorities are diligently working to ensure that the public is not misled by companies operating in the hong kong crypto market.US Inflation Posts Biggest Monthly Increase in 2023 as CPI Rises 0.6% Shibarium Goes Live: Q3, 2023, was marked by the launch of Shibarium, Shiba Inu's layer-2 blockchain, on August 17. Shibarium, operating as an Ethereum layer-2 network, employs SHIB tokens as fees.

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One of the project founders, Kim Bazak, told BeInCrypto they had already received $54,000, adding that they are getting requests to process large donations. Open interest is the number of open positions, including both long and short positions. So, these traders could either be short traders who are caught offside and have yet to close their positions or well-positioned long traders profiting off the move. Applications, Challenges, and Opportunities of Blockchain ...This sentiment is shared by co-founder Michael Anderson, who notes that crypto games need just a few more iterations before seeing mass adoption. Checkmate also thinks Bitcoin is still in a “value zone” because the crypto asset is trading below its true market mean price of $29,700. True market mean price “is a representative cost basis model for all coins acquired on secondary markets,” according to Glassnode.

The growth of token bound accounts on Polygon in recent months “Firstly, High APRs, as AnkrETH boasts one of the best APRs in the market, thanks to the efficiency of our node operation and the distribution of MEV rewards. In addition to this, additional liquidity and capital efficiency of your assets as Unlike traditional staking, ankrETH maintains liquidity, allowing users to access their assets whenever needed while allowing you to participate in various DeFi protocols while still benefiting from staking rewards. This is also meaningful as users still get exposure to Ethereum's Growth. As the price of Ethereum rises, so does the intrinsic value of ankrETH, offering users the potential for significant capital appreciation. Last but not least, knowing that they are contributing to network Security of Ethereum since by staking with Ankr, users actively contribute to the security and decentralization of the Ethereum network, further enhancing its robustness and reliability.” Top Crypto Exchanges In India To Safely Buy Cryptocurrencies"Blur's calculated entry into the NFT space with a minimum 0.5% royalty fee, coupled with attractive airdrops and bidding incentives, struck a compelling economic chord with traders," said Brad Kay, analyst at The Block Research. "By slashing transaction costs, it boosted trader profits and siphoned off significant user activity from higher-fee platforms like OpenSea, where Yuga Labs had previously thrived." Ripple (XRP) Price Prediction | Source: TradingView

Before Circle’s announcement of its native Polygon USDC offering, users of the protocol had to make use of bridge USDC (USDC.e) from the Ethereum blockchain. The token is not issued by Circle, as opposed to its new offering that it assures will be redeemable at a 1:1 ratio for US dollars. Putting all the risk in one industry was precisely the problem, the Fed said. Best Crypto Exchanges in Nigeria 2023: Top 10 Crypto Exchanges!Following that day, inscriptions skyrocketed at a significant pace. In a mere span from April 21, the tally rose from 1.24 million to a staggering 4.5 million inscriptions by May 7, 2023. On that particular day in May, an impressive 400,091 inscriptions were logged within a 24-hour window. This fervor persisted throughout the summer months, with the daily rate peaking at 440,760 inscriptions on September 15. Crypto Donations to Ukraine. Source: Chainalysis

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