Platform Financial News

By a vote of 4-1, a panel of the United States Securities and Exchange Commission (SEC) decided to approve a proposal that, if implemented, would make it more difficult for companies that deal in cryptocurrencies to act as custodians of digital assets in the future. This proposal could make it more difficult for companies to act as custodians of digital assets. There were five people on the panel altogether.

After the former CEO of Tmon, a Korean e-commerce platform, was accused of taking billions of won worth of Terra (LUNA), which is now known as Terra Classic (LUNC), in exchange for promoting Terra as a straightforward payment gateway, prosecutors in South Korea have asked for an arrest warrant to be issued for the individual.

BEIJING – China-based companies now have more clarity on whether they can list overseas in the U.S.

The Central Bank of the UAE says the programme will be made up of nine initiatives designed to make the country a financial and digital payments hub. The first stage of the programme will see the introduction of the card scheme, a CBDC for cross--border and domestic use, and an instant payments platform. These, says the bank, will drive financial inclusion, promote innovation and help create a cashless society. The second stage will see work on financial cloud, e-KYC and Open Finance platforms in an effort to improve regulatory compliance, reduce cost of operation and strengthen security and operational resilience. The central bank says that "full integration" is set for 2026. H.E. Khaled Mohamed Balama, governor, CBUAE, says: "We are proud to be building an infrastructure that will support a thriving UAE financial ecosystem and its future growth."

In the world of cryptocurrencies, Terra Luna Classic (LUN) has been making waves recently, as its price has been on the rise following a surge in trading volume. With the volume of trading reaching $100 million, many investors are speculating that the price of LUN could reach $1 in the near future. 

Fight Out is redefining the metaverse design concept. The groundbreaking move-to-earn (M2E) blockchain-based startup, is attracting fitness enthusiasts by using Web3-related features to create virtual gyms. Users are supported by avatars which play a role in how well a player can compete and how much rewards they earn. 

Now that the crypto market has delivered an overall bullish performance so far this year, it is important to assess the demand sources. Spot and derivatives demand has been quite active but more importantly, the DeFi segment has also performed quite well.

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Popular NFT marketplaceOpenSea announced that it will cut its 2.5% service fee on sales for a limited period of time and will move towards optional creator royalties, as the competition among NFT marketplaces heats up.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

The Financial Conduct Authority (FCA), which is in charge of regulating the financial sector in the United Kingdom, is planning to go after unregistered bitcoin automated teller machines (ATMs).