Crypto

The FCA has announced a clamp down on crypto ATMs. In a joint operation with the Metropolitan Police, the FCA inspected several sites in East London suspected of hosting crypto ATMs, which are currently illegal. Mark Steward, Executive Director of Enforcement and Market Oversight at the FCA, said: “Crypto ATMs operating without FCA registration are illegal and, as today shows, we ...

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Bitcoin dropped further this morning, as investors are concerned about the consequences of Silvergate’s collapse. I think this could have significant implications for crypto regulations in the US and banks’ ability to deal with digital asset platforms and cryptocurrency brokerages. This is due to the narrative of crypto ...

A fork of Bitcoin, known as Particl, has announced the completion of an eBay-style marketplace that’s been integrated into its wallet. Built using blockchain smart contracts, the marketplace is derived from an original concept first proposed by Satoshi Nakamoto. Particl’s latest release forms a trustless, unstoppable marketplace where buyers and sellers can trade goods without the risk of getting scammed. ...

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Bitcoin hovers around $22,400, as investor sentiment continues to be bearish amongst Silvergate panic. Negative investor sentiment is backed up by data from digital asset platform Coinshares showing that digital asset investment products saw minor outflows totalling $17 million last week, which was the fourth consecutive week of ...

Dombey Electrics Co. (www.dombbit.com), a UK Electrical company has launched the first dual mining machine. With the production site in HongKong, Dombey Electrics have offices in three continents. In 2019, the company introduced the low-power consuming cryptocurrency miners, but not only that, they launched the cryptocurrency miners that perform dual mining functions. What it means is that it can mine ...

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  Bitcoin is currently testing $21,500, a key support level, whilst US regulators hone in on crypto firms. The SEC is suing Paxos, the issuer of BUSD, and has labelled BUSD as an “unregistered security”. Paxos has been ordered by the New York Department of Financial Services (who regulate Paxos) ...

AshSwap, the first stable-swap DEX on the MultiversX blockchain (previously Elrond Network), is officially launching on the MultiversX mainnet on February 17. The DEX will seamlessly bridge critical DeFi functions and provide tighter spreads with a fraction of the liquidity on MultiversX. In November 2021, AshSwap successfully raised $2.5 million in a private sale led by Elrond. The initial offering ...

BinaryX, the Gamefi and IGO platform behind play-to-earn games CyberDragon, CyberChess, today announced it will split its token, BNX. The decision was made after the project team ran a DAO vote and received overwhelmingly unanimous support (99.5%) to conduct the split. The exact timeline for the split will be announced on BinaryX’s social media and community channels soon. BNX is the ...

By Masha Balanovich, External Communications Manager at Drofa Comms. The fintech headlines blur into one another, speculating and predicting the future of blockchain and the crypto industry. In 2021, fintech was the leading sector for venture investment, with more than $130 billion going into startups worldwide. Alas, the global fintech funding in 2022 fell more than 40% year-over-year, with the ...

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). As Bitcoin consolidates around $24,000, there have been progressive advancements with crypto regulation globally. Firstly, global payments giant Ingenico, who has 40 million terminals in 37 countries, now accepts crypto payments in France as it integrates a digital asset platform. Furthermore, private Bitcoin wallets will not be banned by ...