Experts Predict Future Regulation of Crypto Exchanges by 2025, With Split Opinion on Similarity to Traditional Finance

Feb 4, 2023

Following finder.com’s reports on bitcoin and ethereum predictions, the product comparison site polled 56 specialists in the fintech and cryptocurrency industry to gauge their thoughts on future regulation of crypto exchanges. The experts predict that virtual currency trading platforms will be regulated, but not until 2025 or 2030. When regulation does occur, 76% of Finder’s panelists expect the trading platforms to be treated similarly to traditional financial institutions. 87% of Fin ...read more

StarOptions and B2G Promoter Gets 60 Months in Prison for Fraud

Feb 4, 2023

On Tuesday, the federal court in Brooklyn sentenced John DeMarr to 60 months in prison for his role in a multi-million dollar cryptocurrency and securities fraud scheme. The sentencing came after DeMarr pled guilty to one count of conspiracy to commit securities fraud in July 2021.Additionally, the court ordered DeMarr to pay more than $3.5 million in damages along with the prison sentence.StarOptions and B2G Promoter Gets 60 Months in JailAccording to the court documents, DeMarr was a promoter ...read more

Binance Invests in Crypto Exchange GOPAX Years after South Korea Exit

Feb 3, 2023

Binance, the world’s largest cryptocurrency exchange, has injected capital into distressed South Korean crypto exchange, GOPAX, two years after it shut down its affiliate in the country due to low patronage. Bloomberg reports that the crypto exchange purchased a majority stake in GOPAX. Earlier in the month, Finance Magnates reported that Binance was making plans to acquire GOPAX CEO Lee Jun-Haeng's 41.2% majority shares in the crypto exchange.However, in a blogpost published on Friday, B ...read more

Sberbank Set to Launch Decentralized Finance Platform Based on Ethereum

Feb 3, 2023

A recent report details that Russia’s largest financial institution, Sberbank, plans to launch a decentralized finance (defi) platform in May. Konstantin Klimenko, product director of Sberbank’s blockchain laboratory, said that open testing will begin in March. Sberbank’s Defi Platform to Enable Large-Scale Commercial Operations According to a report published by the news outlet Interfax, state-owned financial services company Sberbank, based in Moscow, plans to launch a decentralize ...read more

Foxify Announce Partnership with Tyson Fury

Feb 3, 2023

press release PRESS RELEASE. Foxify have just confirmed a brand partnership with Tyson Fury in an industry leading move. It comes following the hype of the brand reveal in January. The two-time world heavyweight champion is undefeated, with a legion of fans that follow his extraordinary career. What is Foxify? From the founding team of MDB (Make DeFi Better) comes the next generation of peer-to-peer trading, a unique platform that is yet to be seen in the DeFi space: Foxify. ...read more

Biggest Movers: SHIB, DOT Remain Near 3-Month Highs, Despite Crypto Markets Falling

Feb 3, 2023

Shiba inu was one of Friday’s biggest gainers, as the meme coin remained close to a recent three month high. The token has been in the green for the majority of today’s session, despite the global cryptocurrency market cap falling 1.28% at the time of writing. Polkadot was also higher, as it continued to trade above a key price ceiling. Shiba inu (SHIB) Shiba inu (SHIB) was a notable mover on Friday, with prices remaining close to yesterday’s three month high. SHIB/USD rose to a high ...read more

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

Feb 3, 2023

Blocknative, a real-time Ethereum (ETH) infrastructure platform, has newly introduced features including transaction bundle send, cancellation, and replacement support for the Blocknative Builder. Searchers can now submit MEV bundles privately to the Blocknative Builder to be included on-chain. This market utility builds upon Blocknative’s reliable, real-time infrastructure that is systematically important to the Ethereum ecosystem. “MEV bundle control is an important element of our bloc ...read more

Bitcoin: Beyond the Crash and Embracing NFTs?

Feb 3, 2023

After a year of doom and gloom, the final, trainwreck quarter of which surely drove the last of the crypto tourists to beat an incredulous retreat, January 2023 ushered in an abrupt reversal. This change of atmosphere was stirred by an exceptionally strong performance from Bitcoin, which recovered almost 40% in price through the opening month and was hailed by Goldman Sachs as the strongest performing asset of the year so far. That’s welcome news, but there are still eleven months of 2023 to c ...read more

Report: Egyptian Lawmakers Hail Parliament’s Endorsement of Pact to Join BRICS Bank

Feb 3, 2023

Egyptian lawmakers recently hailed the parliament’s endorsement of a pact that allows the country to join the New Development Bank, a report has said. According to the report, the lawmakers believe joining this BRICS-backed institution will help Egypt reduce its demand for dollars and enable it to preserve its forex reserves. Joining BRICS Following the Egyptian parliament’s recent endorsement of an agreement that paves the way for the country to join the New Development Bank, lawmake ...read more

Ethereum Network’s Rising Gas Fees in 2023: A Balancing Act of Growth and Cost

Feb 3, 2023

Ethereum gas fees have increased 13.71% in the last two weeks, with the average fee rising from $4.52 per transaction to $5.14 per transfer on Feb. 3, 2023. Despite ethereum’s price seeing significant growth this year, its network’s gas fees have also seen a similar increase. As the demand for Ethereum’s capabilities continues to soar, it remains to be seen if these rising fees will ultimately hinder its growth. Ethereum Gas Fees Continue to Increase With a value of $1,701 per coin r ...read more

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