CFTC sue Binance, CZ over alleged regulatory violations
The Commodities Futures Trading Commission is suing Binance and its founder Changpeng Zhao for a number of alleged infractions. Samuel Lim, the former chief compliance officer of Binance, was also accused of encouraging the company’s illegal activities. Binance “apparently opted to willfully disregard applicable provisions of the CEA while engaging in a determined strategy of […]
Alibaba Cloud To launch Blockchain Lab In Japan
Alibaba Cloud has made known that it plans to open a blockchain research facility in Shibuya, Japan, in April. According to a formal statement, the laboratory seeks to support Japanese game developers who are interested in exploring the web3 space.Interestingly, to support the formation of the blockchain laboratory, Alibaba Cloud has teamed with Skeleton Crew […]
Gucci, Yuga Labs Collaborate On NFT Fashion Line
Gucci is progressively turning its attention to the Web3 market with the launch of a multi-year partnership with Yuga Labs. Robert Triefus, Senior Executive of Gucci Vault & Metaverse Ventures , said in a statement that the firm is thrilled to announce its cross-disciplinary partnership with Yuga Labs. Additionally, the project will provide the luxury […]
Hong Kong crypto companies notice interest from Chinese banks
Chinese state-owned banks have reportedly proven to surprise supporters of cryptocurrency companies by setting up shops in Hong Kong. Chinese state-owned banks have reportedly proven to be surprise supporters for cryptocurrency companies setting up shop in Hong Kong ahead of the implementation of a new licensing regime for cryptocurrency exchanges in June. Bloomberg reported on […]
All you need to know about Crypto Trading with Leverage
Crypto traders use leverage to enhance their cryptocurrency position by borrowing funds from a broker or exchange. This article covers all you need to know about leveraged crypto trading. Despite the backlash, several cryptocurrency exchanges continue to provide traders with the option of using leverage when trading. Leveraged trading existed long before cryptocurrencies did. Nonetheless, […]