Platform Financial News

“Employees” at Brazilian company at center of crypto scam allegations have been filmed apparently on their way to remove evidence – under the cover of night.

The Shiba Inu price has dipped very slightly to $0.00001059 today, representing a 0.2% fall in the past 24 hours and a 3% loss in the past week.

In recent months, NatWest, HSBC, Nationwide Building Society and Santander have all placed restrictions on customers buying cryptocurrency, citing regulatory concerns and the risk of scams.In a letter to Economic Secretary to the Treasury Andrew Griffith, CryptoUK says that blanket bans and restrictions "will have the effect of fundamentally undermining the Government’s ambition to become a crypto asset hub and its mission to maximise the potential of Web3 to spur UK growth and innovation".The trade association says that government action is warranted because banks are putting in place these blanket restrictions instead of take a risk-based and case-by-case approach.The letter suggests government bringing bank and crypto CEOs together to find a "viable solution", with one option being the creation of a white list of platforms that "have engaged with the UK’s regulatory perimeter (either through AML registration or other EMI/MiFid licenses), to which transactions should be allowed to take place freely".In a separate letter to the FCA and Payment Systems Regulator, CryptoUK says that while it accepts that the regulators may not wish to intervene in the commercial decision of bank, "in this case we believe action is warranted because of the blanket approaches that have been taken".

The social stats for the crypto market are out and Aptos has earned its way into the list of the top most talked-about projects on the crypto streets.

Friday March 31st 2023 – The presale for the Metaverse and play-to-earn (P2E) gaming app, Fight Out, has successfully raised over $6 million from investors, with the presale coming to a close today at 00:00 April 1st UTC.

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Having dominated other cryptocurrencies in the market, price, and social activity, Avalanche [AVAX] was one of the best performers in March.

Decentralized autonomous organization (DAO) treasuries are rapidly growing having just surpassed a major milestone, according to DeepDAO.

On 30 March, Binance [BNB], the largest crypto exchange in the world, announced the listing of RDNT. The latter is the native token for an upcoming multi-chain DeFi platform Radiant Capital.

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Meme coins are easily one of the most popular digital assets in the emerging crypto space. 

The Federal Reserve and the Treasury Department are fining Wells Fargo & Co. $97.8 million for violating U.S. sanctions by allowing a foreign bank to make prohibited transactions on one of the bank’s platforms.

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The major crypto exchange Binance has seen a whopping $2.2 billion in outflows after news broke that it has been sued in the US by the Commodity Futures Trading Commission (CFTC).

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Thursday March 30th 2023 – With only 36 hours remaining before the presale concludes, the play-to-earn (P2E) gaming app Fight Out has secured $6 million from investors. The token is set to be listed on centralized exchanges on April 5th.

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