Seychelles Financial News
05.10 / 21:31
regulation
Ban
Terraform Labs
information
reports
Financial
Russia blocks OKX website for alleged unreliable financial information: Reports
The website of crypto exchange OKX was blocked in Russia by the state media monitoring service Roskomnadzor on Oct. 4. The agency told the TASS news agency that the website was blocked at “the request of the Prosecutor General's Office for the dissemination of unreliable socially significant information of a financial nature.”
23.09 / 19:01
UPS
Extreme
COMPOSITE
CoinFLEX: A tale of suspension, struggles, and a fierce attempt at revival
Extreme market conditions and “continued uncertainty involving a counterparty” forced CoinFLEX to pause its operations on 23 June. However, the exchange, in a recent announcement, offered a peak into what it was up to.
23.09 / 10:09
Ethereum
Bitcoin price today
avalanche
Bitcoin
Crypto Price Today Live: Bitcoin holds $19K; XRP, Shiba Inu & Doge zoom up to 9%
Bitcoin barely held the $19,000 mark, whereas Ethereum was again trading in the red. Any surprise from the US Fed may lead to another selloff in the crypto space, experts believe. XRP was a standout gainer with a 9 per cent rise, whereas Dogecoin, Shiba Inu and Cardano added 2 per cent each. Bitcoin, Polygon and Avalanche dropped over a per cent each. The global cryptocurrency market cap was trading marginally lower to $926.78 billion, dropping about half a per cent in the last 24 hours. However, the total trading volume dropped over 9 per cent, close to $67.86 billion.
22.09 / 20:33
business
Liquidity
creditors
Coinflex plans give 65% of company to creditors as part of restructuring proposal
Cryptocurrency exchange CoinFlex announced a structuring proposal in response to user feedback following the platform experiencing liquidity issues.
22.09 / 14:10
BLOCK
FLEX
creditors
CoinFLEX Announces Restructuring Proposal, Allocating 65% Shares to Creditors
CoinFLEX on Wednesday announced a restructuring proposal and the next immediate steps the crypto exchange will take.
10.08 / 11:41
09.08 / 11:29
Law
BitMEX
AML
Court
Executive
BitMEX former executive pleads guilty to violating the Bank Secrecy Act
Another top executive joins three co-founders of the crypto exchange BitMEX, pleading guilty in the United States District Court for the Southern District of New York. The court case under the headline "U.S. v. Hayes et al." goes on for two years, with BitMEX management being indicted for violating the U.S. Bank Secrecy Act.
03.08 / 22:11
Ethereum
Adoption
Binance
Google
Pilots
Binance pilots NFT ticketing: Nifty Newsletter, July 27–Aug 2
In this week’s newsletter, read about how Binance started its NFT ticketing service by partnering with a sports club. Check out the NFT exchange-traded fund (ETF) that was released by trading platform KuCoin and how Google AI was able to paint BAYC-inspired NFTs.
29.07 / 19:53
business
ETF
Tether
KuCoin crypto exchange debuts USDT-dominated NFT ETF
Seychelles-headquartered cryptocurrency exchange KuCoin has launched an exchange-traded fund (ETF) tied to major nonfungible token (NFT) assets like Bored Ape Yacht Club (BAYC).
14.07 / 06:35
Latin America
Europe
Asia
Middle east
KuCoin volumes more than double the existing crypto m-cap in H1
Crypto exchange KuCoin has released its semi-annual report for the ongoing calendar year, where it claims volumes reached the $2 trillion mark. The Seychelles-headquarter exchange has added 9.75 million new users during the period, with the total number of users crossing the 18 million mark, as per the report. The total volumes, including both spot and futures, is more than double the total market cap of the crypto cart, struggling to hold the $1 trillion mark for about a month now. This showcases a 180 per cent growth compared to the same period in 2021.
11.07 / 09:41
business
NFT
Sport
partnership
Deal
Sports sponsorships sealed amid market turmoil as Man City inks deal with OKX
Crypto exchange OKX has announced that it has made a deal with English Premier League (EPL) champions Manchester City to become the team’s training kit sponsor for the 2022-23 season.
07.07 / 22:15
markets
Huobi
Bitcoin
Bitcoin traders expect a ‘generational bottom,’ but BTC derivatives data disagrees
A descending triangle pattern has been pressuring Bitcoin (BTC) for the past three weeks and while some traders cite this as a bullish reversal pattern, the $19,000 support remains a crucial level to determine the bulls' fate.
07.07 / 14:11
UPS
Provident
BTC
Bitcoin
Bitwells Exchange Launches 777 BTC Giveaway for Derivatives Traders
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
06.07 / 10:07
business
Huobi
applications
expansion
US expansion for Huobi a step closer after it secures a FinCEN license
A subsidiary of the Huobi cryptocurrency exchange called HBIT Inc has received its Money Services Business (MSB) license from the United States Financial Crimes Enforcement Network (FinCEN).
30.06 / 19:37
UPS
Provident
BTC
Bitcoin
Bitwells Exchange Launches 777 BTC Giveaway for Derivatives Traders
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
29.06 / 16:15
markets
Stablecoin
Pump and Dump
week
Double bubble? Terra's defunct 'unstablecoin' suddenly climbs 800% in one week
Terra's $40-billion experiment to create a functional "algorithmic stablecoin" project has failed drastically following its collapse in May.
28.06 / 21:17
business
Blockchain
regulation
Investments
Are custodied crypto funds at risk? Industry veterans explain
With rumors of insolvency flying high among crypto firms such as Celsius and Three Arrows Capital, investors couldn't help but ask a simple question: What happened to all the funds that were supposedly under "safe custody?" As it turns out, a small fraction of crypto firms began leveraged trading with customers' deposits to deliver promised high APY returns on supposedly fixed-income instruments. Things worked out well when the market was thought to have endless potential.
25.05 / 10:29
Blockchain
Kucoin
Digital
Continental
Bitcoin
11x in 2022 – What you should know about Africa’s crypto startup culture
Crypto-businesses in Africa received more venture capital in the first quarter of 2022 than in the first quarter of 2021. This, according to the African Blockchain Report 2021 by Crypto Valley Venture Capital (CV VC) and Standard Bank.
11.04 / 14:11
cryptocurrency
Binance
coinbase
BitMEX
How the Crypto Industry is Increasingly Paying Its Share of Tax
Crypto is now a billion-dollar industry. While reports covering the entire sector are patchy and overly conservative, filings from individual companies speak to the growing scale of crypto, with Coinbase and Blockchain.com alone generating USD 7.35bn and USD 1.5bn in revenue in 2021, respectively.
15.03 / 20:11
Blockchain
Provident
Digital
CEO
Acta Finance Enters The Avalanche Ecosystem After Successfully Rebranding From ADA Finance
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
14.03 / 11:53
Ripple
SEC
SUN
Action
What SEC v. Ripple has in common with the allegations against Sun, TRON
If TRON DAO – née TRON – wasn’t enough of a conversation starter, an investigative piece by journalist Chris Harland-Dunaway published in The Verge dropped a bomb. It accused Tron founder Justin Sun of actions ranging from getting ICO ban tip-offs to insider trading.
what's happening in Seychelles
What is the current situation in Seychelles?
In Seychelles, the spotlight is on socially significant developments that impact the interests of residents.
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