Kraken’s Fiat Margin Trading Restricted in Australia
Kraken adjusted by restricting fiat trading to wholesale investors while keeping cryptocurrency trading unchanged. The Federal Court of Australia came to the conclusion that while the margin extensions for fiat currency that Kraken provides are subject to regulatory scrutiny, the margin extensions for cryptocurrency are not subject to the same duties. In response, the cryptocurrency […]
Hong Kong Extends Crypto License Deadline
HKDAEx, part of the Hong Kong Financial Asset Exchange Group, applied for the license on August 27. The Hong Kong Securities and Futures Commission (SFC) has granted Hong Kong Digital Asset Xchange (HKDAEx) a new license to operate as a digital asset exchange, even though the application deadline had already passed before May 31. The […]
Upbit Lowers Withdrawal Fees for Shiba Inu, 21 Cryptos
Upbit announced a reduction in withdrawal fees for 22 cryptocurrencies, including ETH and SHIB effective August 23, 2024. Upbit, the premier global digital asset exchange in South Korea, has today announced a decrease in withdrawal fees for 22 cryptocurrencies. These include notable tokens such as Shiba Inu (SHIB) and Ethereum (ETH). Upbit Cuts Down Withdrawal […]
Bitcoin Mining Costs Surge 168% Amid Capacity Growth
The rise is due to higher costs and the April 2024 Bitcoin halving, which increased Bitcoin mining difficulty and reduced rewards. BitFuFu, a cloud mining company associated with Bitmain, has released an unreviewed financial and operational report detailing its results for the second quarter of 2024, which ended on June 30. The findings indicate that […]
Voxies (VOXEL) Soars 75% on Binance Futures Listing
The new futures contracts, offering up to 50x leverage, drove Voxies’ price up by 75% to $0.2446. Binance, one of the most prominent cryptocurrency exchanges in the world, made big news today about Voxies (VOXEL), the native utility token of Voxie Tactics. The cryptocurrency exchange has now made futures trading for the coin available, according […]