CSA cautions against ‘gambling style’ advertising and marketing in guidelines for crypto enterprises
The Canadian Securities Administrators (CSA) have published instructions for crypto trading platforms operating in Canada to avoid “advertising and marketing materials that could mislead investors.” According to CSA chair Louis Morisset, “misleading advertisements and improper marketing strategies may encourage investors to take risks they would otherwise avoid.” The Canadian authorities’ instructions issued on Thursday caution […]
Blockdaemon achieves unicorn status with $155M finances
Blockdaemon has become a crypto unicorn after raising $155 million in Series B funding, allowing it to significantly extend its operational reach. In the realm of venture capital, a privately owned startup business is referred to as a “unicorn ” if its market capitalization exceeds $1 billion. Blockdaemon’s valuation has increased to $1.255 billion as […]
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 […]
Regulators in the United Arab Emirates approve crypto trading in Dubai free zone
In a bid to drive more adoption to the cryptocurrency industry, financial officials in the United Arab Emirates have agreed to legally legalize and encourage cryptocurrency trading in a Dubai economic free zone. The Dubai World Trade Centre Authority (DWTCA) announced on Wednesday that it had reached an agreement with the Securities and Commodities Authority […]
Survey shows almost half of crypto owners would turn to celebrities for advice
A new survey reveals 45% of crypto owners are willing to adopt digital asset advice from celebrities and influencers’ social media accounts, and they would purchase a crypto asset based on an endorsement. According to a Morning Consultant poll of 2,200 U.S. adults, 45% of crypto-holders said they would be more willing to invest in […]