KuCoin Suspends Bitcoin, Litecoin Mining Pools
KuCoin, an exchange with over 20 million clients, will pause its Bitcoin and Litecoin mining pools as part of a shift towards its core business focus. Without going into more detail, the exchange stated that the choice was “in line with KuCoin’s evolving business strategy .” Uncertainty exists regarding the decision’s connection to the imminent […]
Worldcoin to Extend ID Verification System
Worldcoin intended to broaden its global operations and make its iris-scanning and identity-verification technology available to other businesses. Worldcoin (WLD), introduced on July 25, offers users a digital ID and free cryptocurrency in some countries in exchange for iris scans and is helping to build a unified “identity and financial network.” Users all across the […]
Binance Exchange Denies Claims of $90B Crypto Trades in China
Binance has denied claims of a Wall Street Journal investigation, suggesting it has maintained operations in China despite the country’s ban on cryptocurrencies. According to the WSJ report, its correspondents and current and former Binance employees viewed “internal figures” indicating that users traded $90 billion in cryptocurrency-related assets in China in a month. In response […]
Grayscale, Others File Applications to SEC for Ether ETFs
Six prominent asset managers, including Grayscale, ProShares, and VanEck, have submitted new applications to the SEC to offer Ethereum Futures exchange-traded funds (ETFs) to U.S. investors. Separate applications from Grayscale, VanEck, BitWise, Volatility Shares, ProShares, and Round Hill Capital are detailed in filings reviewed by Cointelegraph that were submitted to the U.S. Securities and Exchange […]
India Suggests Inputs for Crypto Framework to G20
India has endorsed the Financial Stability Board’s (FSB) July recommendations for a global crypto framework emphasizing the need for developing economies to address the dangers associated with digital assets. India released its presidency note for input into a roadmap for a global crypto framework on August 1. The document endorses the FSB, the Financial Action […]