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The United Kingdom has released its first consultation on crypto trading and lending regulation within the country.
The United Kingdom has released its plans to regulate the cryptocurrency industry within the country.
The announcement highlights that “high levels of volatility and a number of recent failures have exposed the structural vulnerability of some business models in the sector,” amongst other reasons, have led to the new set of regulatory guidelines.
The White House has unveiled a roadmap to reduce risks associated with the wider cryptocurrency industry.
The Biden Administration has posted an official blog detailing its roadmap to mitigate the risks of cryptocurrencies.
The roadmap starts by citing the 2022 implosion of LUNA/Terra and the subsequent catastrophic contagion within the industry that led to various bankruptcies. Included in this reference is the bankruptcy of FTX, saying that, “Many everyday investors who trusted cryptocurrency companies—including young people and people of color—suffered serious losses, but, thankfully, turmoil in the cryptocurrency markets has had little negative impact on the broader financial system to date.”
The Indonesian Financial sector is undergoing a comprehensive reform that extends to the cryptocurrency industry. As part of the reforms, crypto assets trading oversight will be handed over to the Financial Services Authority (FSA).
The Commodity Futures Trading Regulatory Agency (Bappebti) in Indonesia has been in charge of cryptocurrency trading control. However, according to reports, the FSA will take over from Bappebti after the crypto exchange launch sometime this year.
Acting chairman of Bappebti, Didid Noordiatmoko, said the FSA would oversee the regulation of cryptocurrency assets over the next two years. Bappebti is currently evaluating additional 151 assets and Ten (10) local coins. Meanwhile, 383 cryptocurrencies and 10 local coins are already being traded in Indonesia.
Investing in new cryptocurrency projects can be a great strategy to help beat the market. However, it’s far easier said than done.
Throughout this guide, we’ll be reviewing six of the best new cryptos on the market and discussing how to buy our top pick. Let’s begin.
6 Best New Cryptocurrency to Buy – Our Picks
For investors just needing a few ideas, we’ve included a brief overview of each project. Detailed reviews can be found in the section that follows.
Crypto enthusiasts hope to see the sector accepted in every country worldwide. Even though the present condition of the market is not encouraging, investors are optimistic that the future of crypto assets is promising.
Many countries, such as El Salvador, have already embraced crypto in their financial systems. The acceptance boosted the industry, and with more such adoptions in the pipeline, cryptocurrencies will become the future of money as predicted.
The current report on crypto usage interest reveals that Australia is interested in utilizing digital assets. As a result, the Australian government has started researching digital asset opportunities. This program was recently inaugurated and is aimed at positioning the country to benefit from asset digitalization.
Ethereum has lost just over 80% of its value since reaching an all-time high in November 2021, but some market factors point towards it reaching $ 3,000 again.
Let’s explore the reasons that it could become a reality and not just another hype phase that the crypto market has experienced so many times.
Why Will Ethereum Recover – 3 Reasons for Ethereum to Hit $ 3000 Ethereum Merge
Numerous crypto projects have set their sights on becoming more environmentally friendly and Ethereum, one of the best performing altcoins of all time, is one of them. The Ethereum Merge is an upgrade to the Ethereum network and has been anticipated for a long time. It seems that the date has been set for 15 September 2022.
Crypto is always on top of the list, at least that’s what has come up in a study done by a popular cryptocurrency price tracking firm.
According to a new research, Nigeria is hands down the most cryptocurrency curious country in the world.
The West African nation has the highest rate of interest in digital currency, despite the present bear market.
The study, conducted by price monitoring site CoinGecko, examined Google Trends data for the most-used search phrases by digital currency enthusiasts.
Investors are wondering whether the most popular meme coins like Shiba Inu will reach $ 1? However, the ongoing crypto correction is enticing traders to look at multi-utility cryptocurrencies and the top metaverse games, which will provide long-term growth.
Therefore, this guide will look at one of the best play-to-earn crypto games – Tamadoge. Read on to learn how to buy meme coins like Tamadoge and where to buy Tamadoge now.
Top 5 Reasons Crypto Traders are Adding Tamadoge to their Watchlists
Billionaire Elon Musk has been Dogecoin’s biggest supporter, and he has not been shy to say it. It was indeed the SpaceX CEO’s tweets that triggered the bull rally that saw the meme coin hit a high of $ 0.7 last year before starting its slow downtrend. However, even with the fact that Dogecoin has seemingly lost most of its gained value, Elon Musk has not relented on his support for Dogecoin and explained why he loves it in a recent podcast.
What’s Not To Love?
New cryptos are being added to the blockchain almost every day. Thousands of crypto projects exist, but many are here today and gone tomorrow. We wanted to identify the best, so we compared the major projects and came up with a list of new cryptos to watch.
The Top 7 New Cryptocurrency To Watch With Potential 2022
Our shortlist consists of 7 new cryptocurrencies that investors should keep on their radars. The top pick was Battle Infinity because it offers investors the most benefits of all the projects.
An Indian inter-ministerial committee on cryptocurrency and blockchain technology has finalized a report recommending both the establishment of a digital Rupee and a ban of cryptocurrencies. Ban Crypto, Establish E-Rupee The roughly 200-page report spends thousands of words breaking down and praising the potential uses of blockchain technology, specifically in areas like land management. Ultimately […]
The post Newsflash: Indian Regulators Officially Propose Total Cryptocurrency Ban appeared first on CCN Markets
Online casinos and betting sites have proliferated since the first of their kind came on the scene in 1994. Thanks to the convenience of playing from home, the allure of winning real money, and a degree of privacy, these popular sites continue to evolve. There have been major problems, though, regarding perceived fairness and randomness of play. Blockchain technology offers a solution in provably fair gaming, taking trust out of the picture almost entirely.
Also read: Why You Can’t Bet With Bitcoin at Online Casinos in the US
When it comes to Facebook’s Libra digital currency not even one of the most crypto-friendly countries in the world is turning a blind eye to social media giant’s cryptocurrency plans and hoping all will work out well magically. Rather, Japan is taking proactive steps to understand Libra’s potential ramifications even before the cryptocurrency has gotten […]
The post Japan Studies Libra as Global Criticism on Facebook’s Cryptocurrency Intensifies appeared first on CCN Markets
The makers of Kik’s Kin cryptocurrency, which itself is no stranger to regulatory issues with the US government, do not feel one shred of sympathy for Facebook as Congress rakes Libra over the coals on Capitol Hill. The chat app, with its more than 300 million registered users, made waves during the 2017 gold rush […]
The post Libra Rival Kin Savages Facebook’s Cryptocurrency appeared first on CCN Markets
Bithoven, a recognized cryptocurrency exchange, is currently offering margin trading services for users on its platform. The information was released by the company with the intention to offer the services traders request the most. With this new feature, individuals will be able to improve their trading strategy and potentially increase their profits. Bithoven Adds Support […]
The post Bithoven Cryptocurrency Exchange Announces Its New Margin Trading Services For Users appeared first on CCN Markets
The Thai Securities and Exchange Commission has approved four new crypto business operators to legally operate in the country. In addition to licensing a new crypto exchange, the government has officially approved the country’s first three digital token portals. Meanwhile, new rules, conditions, and procedures have been introduced for digital asset businesses.
Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments
Japanese cryptocurrency exchange Bitpoint’s parent company Remixpoint has just revealed that the operator has lost 3.5 billion yen ($ 32 million) to hackers, as reported by the Nikkei Asian Review. ¥3.5 billion hacked from Bitpoint cryptocurrency exchange https://t.co/zbdqXgFCIO — The Japan Times (@japantimes) July 12, 2019 Customer funds worth 2.5 billion yen have been stolen by […]
The post Hackers Thieve $ 32 Million in Cryptocurrency from Japanese Exchange Bitpoint appeared first on CCN Markets
Decentralization over time is an ethos that many crypto projects espouse. To date, however, few have completed this journey. Talking the talk is easy, but when it comes down to it, only a handful of projects are bold enough to walk the walk and willingly entrust their fate to the community.
Also read: How 10 Countries Respond to Facebook’s Libra Cryptocurrency
The longer you’ve been in the blockchain space, the more you’ve likely realized that traditional finance companies will come in and benefit from the technology as well. It started with patents and investments; now the companies inevitably begin to take a more active role. Then You Win JPMorgan released its cryptocurrency. Now, much of the […]
The post Visa Predictably Backs $ 40 Million Raise in Cryptocurrency Security System appeared first on CCN Markets
