Crypto exchange OKX set to pull out of Canada citing "new regulations" - cyptoranking.com

2024-05-11

Popular crypto exchanges(2023 Update) 2024-05-11
Image: cyptoranking.com

The NAPP did not immediately respond to Cointelegraph’s request for comment. NFTs have reshaped the digital collectibles landscape in recent years, with several blockchain-based collections gaining immense popularity. According to recent data from CoinmarketCap, several NFT collections have secured positions within the top 5. Among the top is the BoredApeYachtClub (BAYC), a leading NFT collection by estimated market capitalization. Other NFT collections include Cryptoadz, Azuki, Dreadfulz, and CloneX. Crypto exchange OKX set to pull out of Canada citing "new regulations"Hamas Could Use Deepfakes in Israel War In January, “Ocean’s Eleven” director Steven Soderbergh awarded Faus $100,000 to finish the film, from an on-chain fund established with Decentralized Pictures and designed to assist promising filmmakers open to non-traditional film financing methods.

Exchange Rankings Crypto
Image: cyptoranking.com

Source: Pixabay / Andy LeungThe Hong Kong police force has issued an alert after 11 Binance users in the region fell victim to phishing scams, losing over $450,000 combined. Through its CyberDefender program, Hong Kong police warned that fraudsters impersonating Binance sent texts claiming accounts needed verification by linking. "Recently, fraudsters posing as Binance sent text messages claiming that users must click the link in the message to verify their identity details before a deadline, otherwise their account would be deactivated," the warning read. It added that once users clicked on the link, hackers were able to drain victims' wallets of all crypto assets.11 Binance Users Have Fallen Victim in Past Two WeeksIn the last two weeks alone, fraudulent messages have duped 11 people into disclosing their account login details. Police asked everyone who received suspicious messages to report them. They also shared the Securities and Futures Commission's newly published list of authorized virtual asset platforms to help residents identify legitimate exchanges.Currently, only Hashkey and OSL hold full retail operating licenses from the SFC. As reported, the Hong Kong Police Force launched CyberDefender, a new metaverse platform aimed at educating the public about the potential dangers associated with Web3 and the metaverse, in May. The platform, developed by the Cyber Security and Technology Crime Bureau (CSTCB), was created to prepare Hong Kong citizens for the challenges ahead in the digital age, with a focus on technology crime preventionHong Kong Embroiled in Controversy Following JPEX SagaDespite its growing regulatory stance toward digital assets, Hong Kong has been embroiled in controversy following the JPEX saga. JPEX, established in 2021, targeted retail investors through extensive advertising campaigns in prominent business and transportation hubs. The exchange claimed to be a licensed cryptocurrency exchange and enticed investors with promises of high returns, reaching up to 20 percent. However, on September 13, Hong Kong's Securities and Futures Commission accused the platform of operating without a license and engaging in "suspicious" activities. Amid the ongoing investigation, the Hong Kong and Macau police have received 2,417 complaints involving alleged losses exceeding HK$1.5 billion. Meanwhile, analysts and industry experts have voiced concern that the fallout from the JPEX debacle will present significant challenges for virtual asset companies and hinder the government's efforts to expand the sector.“At a time when people still don’t completely understand what Web3 is, the JPEX case has created a negative impression for people in Hong Kong on digital assets and the broader Web3 industry,” Cyrus Ip, a crypto venture investor and chief business officer at artificial intelligence start-up DreamWld Technology, said. Tezos Price Prediction as XTZ Pumps 11.5% - Here’s Where the Crypto Is Headed Next Since then, Bitstamp has been rolling out several XRP-focused products to serve its users. One of these products, as reported earlier, is the 2% APY on XRP lending, launched in August. Over time, the exchange has increased the XRP lending yield to 30 days to serve its customers better.Bitcoin Exchange Binance Announced That It Listed This Altcoin! Cardano Price Prediction-Will Year-long Drop End Or Is It ...The Princeton computing and electrical science graduate started his working life in the university’s robotics lab in the 1980s. He then moved into the world of financial technology (fintech) as vice president of technology at the investment giant Goldman Sachs before making a detour to Jamaica and a second career as a dancehall music producer. What Is Ethereum: Complete Guide to the 2nd Largest Blockchain ProjectExplaining Ethereum Name Service (ENS): What Is It and How Does It Work?What Is DeFi? Let’s Understand Decentralized FinanceWeb3 vs Web2 : What’s the Difference?

CyberConnect has announced the release of 11.42% of its circulating supply, valued at $6.22 million. This move may boost the project’s liquidity and attract new investors. Moreover, CyberConnect hopes to increase trading possibilities and guarantee a fair distribution of tokens among its community members by releasing a percentage of its circulating supply. While Bitcoin is typically used as a peer-to-peer payment system or for storing value, Schroé said its potential won’t be fulfilled unless the cryptocurrency can connect to the broader financial system, such as with security and commodity markets.Connecting Bitcoin to Ethereum-based real-world assets, stablecoins, decentralized finance and nonfungible tokens via the EVM is the first step in that direction, Schroé argued. “That’s a huge amount of value and development waiting to happen.”Schroé’s Botanix Labs aims to connect the Bitcoin and Ethereum ecosystems through its “Spiderchain” — a proof-of-stake layer 2 that implements EVM to EVM bridges to enable Bitcoin to interact with the EVM.Bitcoin and Ethereum may seem like opposites, but they can co-exist and complement each other.However, this does present some challenges.Multi-chain ecosystems with cross-chain bridges can have security and centralization risks, hindering the potential of collaboration.— Botanix Labs (@BotanixLabs) October 2, 2023 India to propose cryptocurrency ban, penalising miners ...ValeVerse: the Valentino Rossi metaverse on The Sandbox: new Web3 experiences for motorsport fans “We're thrilled to be backing Proof of Play as they build an on-chain gaming future with composability, interoperability, and permanence at the core of gameplay, enabling players to truly own their assets and anyone to create a new game on top of another,” said Andreessen Horowitz’s Chris Dixon, in a release.Farmville co-creator-led company raises $33M to create Web3 games

The firms have also, similarly to competitors, filed for an ETF that would invest in ether futures contracts — a type of fund expected to launch next month. Proof of History How to Create a Cryptocurrency Exchange Platform: Your Detailed GuideRiot Produces 362 #Bitcoin in September 2023 While Continuing to Execute Power Strategy.Read the full press release here: https://t.co/8v798bXwLg Web3 (The Future)

Have an opinion on this story? Share it!