FCA Chief Warns Crypto Investors That They May “Lose All Their Money”
The chief of the Financial Conduct Authority (FCA) had some harsh words for the crypto business in a speech in London yesterday. During a speech in London yesterday, Nikil Rathi, CEO of the Financial Conduct Authority (FCA), reaffirmed the regulator’s hard stance on cryptocurrencies. “As you will all know, we have warned repeatedly investors in […]
Industry says Basel draft rules make crypto too expensive for banks to trade
According to industry organisations, proposed rules would render “bank involvement in the cryptoasset market cost-prohibitive from a capital perspective,” according to a report to regulators. An open letter to the Basel Committee on Banking Supervision (BCBS) has been sent by nine banking industry organisations in reaction to the BCBS’s plan to impose strict capital requirements […]
SushiSwap refutes reports of a $1 billion glitch
One of the exchange’s developers has dismissed claims made by a self-described white-hat hacker regarding a major security risk to SushiSwap liquidity providers. A alleged vulnerability revealed by a white-hat hacker probing through SushiSwap’s smart contracts has been dismissed by the developer behind the popular decentralized exchange. According to media reports, the hacker claimed to […]
Coinbase searches for new exec to debate with policymakers
The New York Stock Exchange, Coinbase is looking for a leader with strong political judgment to handle the exchange’s interactions with the United States government in Washington, D.C. Coinbase is searching for a new employee to help handle the exchange’s tense relationship with government officials. The cryptocurrency exchange based in the United States is looking […]
Maxim Magazine teams up With xSigma to Launch NFT Marketplace
The marketplace which will be known as “MaximNFT,” will comprise only NFTs offered by Maxim after collaborating with xSigma. Maxim , a men’s lifestyle magazine, is collaborating with blockchain R&D lab xSigma Corporation, a subsidiary of Nasdaq-listed company ZK International, to develop an NFT marketplace, MaximNFT.com, in the coming months. Maxim makes his way into […]