Author: Donald Munn
Binance continues its efforts to strengthen its leadership, on the one hand by hiring former FCA and FINRA regulators Steven McWhirter and Seth Levy respectively, and on the other hand by considering Paris as its new European headquarters. Binance and the hiring of Steven McWhirter from FCA and Seth Levy from FINRA Binance chooses Paris as its European headquarters to strengthen its presence in the area The largest crypto-exchange Binance has announced that it has hired Steven McWhirter and Seth Levy, former regulators at the Financial Conduct Authority (FCA) and the Financial Industry Regulatory Authority (FINRA) respectively. After more than…
In a press release issued in recent days, the OAM, Organismo degli Agenti e Mediatori finanziari (Body of Financial Agents and Brokers), has announced that it has prepared guidelines for registration in the special section of the register, dedicated to exchanges (in fact to all operators who provide services related to the exchange of virtual currencies) and operators who provide digital portfolio services. OAM: registry subscription The guidelines for exchanges, miners and digital wallet service providers to register The documents put online by the OAM are two documents that essentially contain the practical instructions to register on the OAM portal,…
On 13 June in Lugano, Switzerland, cryptodailynews24.com is organizing the Metaforum event, in collaboration with Finlantern. Metaforum will be held in the fantastic frontelago setting of the LAC museum in Lugano, and will be focused on NFTs, metaverse, crypto, DeFi and blockchain. Speakers and partners of the Metaforum event in Lugano A few weeks ago we announced the list of the first confirmed speakers and partners, but the list is being updated day by day. Here are the confirmed names as of today, starting with the newly announced ones: Pavel Matveev, co-founder of Wirex, Massimo Morini, Chief Economist Officer Algorand…
Google reveals how after a 35% loss in the stock market, searches for “buy Netflix shares” increased by 931%. Netflix shares plummet following poor Q1 results After the negative performances recorded during Q1 2022, the Netflix stock collapses on the stock market On Tuesday 19 April, the online streaming platform Netflix reported its first quarterly report of the year, showing a loss of 200,000 subscribers in the first quarter, the first decline in subscribers in a decade. The news immediately went around the world, especially among investors and financial operators, and the consequences were not long in coming. On Wednesday,…
Today’s NFT News focuses on two big brands from different industries, Louis Vuitton and Hyundai, who share a common theme of using Non-Fungible Tokens to expand their brand experiences. Louis Vuitton adds new NFTs to its gaming app Louis Vuitton, after the launch in August of the gaming app “Louis: The Game”, is ready to launch new adventures with the mission to educate players about its 200 years of history, in exchange for NFT prizes. This is another investment by the luxury fashion brand, but it involves both the game and the virtual platform. It is a way to engage…
Bitcoin Analysis Bitcoin’s price broke up two consecutive days of green price action on Wednesday. The world’s most prominent digital asset concluded its daily session by finishing marginally in red figures and -$150.4. The first chart we’re analyzing today is the BTC/USD 1D chart below from papoutridou. BTC’s price is trading between the 0 fibonacci level [$34,853.5] and 0.236 [$42,812.5], at the time of writing. Bullish traders are taking aim overhead at the 0.236 fib level followed by 0.382 [$47,736.2], and 0.5 [$51,715.8]. From the perspective of bearish BTC traders, they’re seeking a full retracement to the $34,8k level in…
Porsche Towson, a Porsche dealer operating in Baltimore, Maryland, has started accepting crypto as a method of payment for car sales. Porsche Towson adds crypto to its payment system Thanks to the collaboration with BitPay, Porsche Towson will be able to accept crypto as a payment method Among the main cryptocurrencies supported, alongside Bitcoin and Ethereum, we find the most popular memecoins, Dogecoin and Shiba Inu. The new implementation in the payment system was carried out through a collaboration with BitPay. BitPay is a payment service provider based in Atlanta, USA. Founded in 2011, it offers a quality B2C as…
Studies reveal that while Ethereum is the trending crypto in the UK, Dogecoin is popular in the US when it comes to Google searches. Ethereum trending in the UK The UK keeps loving Ethereum (ETH) Last week it was reported that Google searches in the UK were booming for Ethereum, the second-largest crypto by market capitalization. A shock for Bitcoin lovers, even though the trend of ETH in the UK refers to the boom of enquiries on how to sell the crypto, namely “sell ethereum” which seems to have registered a +1636% in one day. What remains to be seen,…
The CEO of Ripple, Brad Garlinghouse, says he is against Bitcoin’s maximalism, calling it the brake on the entire crypto industry. Ripple CEO attacks Bitcoin Yesterday, the CEO of Ripple, Brad Garlinghouse, lashed out at Bitcoin’s “tribalism”. How I feel about maximalism https://t.co/LLQdhPhsfo pic.twitter.com/OYK5DKWXcE — Brad Garlinghouse (@bgarlinghouse) April 20, 2022 During an interview with CNBC, Garlinghouse argued that the “tribalism” currently surrounding Bitcoin and other cryptocurrencies is holding back the entire crypto market. He is referring in particular to the so-called “maximalists”, i.e. those who argue that Bitcoin is good, while all other cryptocurrencies would be bad. Bitcoin maximalists…
The US Treasury has placed BitRiver, a Bitcoin mining company operating in Russia, on the blacklist of companies subject to sanctions. Sanctions against Russia also affect Bitcoin mining The US Treasury’s Office of Foreign Assets Control (OFAC) has placed BitRiver on the list of companies subject to sanctions. The official release states that the US Treasury is seeking to identify those companies and individuals who facilitate the circumvention of sanctions, and among these in particular their focus is going towards financial and operational support networks for attempts to evade sanctions. For this reason, they have added new entities and individuals…