Gate.io in Trouble After Multichain CEO Arrested Gate.io is a top platform in the crypto world, competing with Binance and Coinbase since the collapse of FTX. But recently, there has been a stir in the crypto world over the question of its liquidity. **Effect of Multichain** Various crypto analysts have claimed that Gate is heavily invested in Multichain and that the massive drop in the value of the $MULTI token following the arrest of its CEO Zhaojun in Shanghai has created…
@Yugocean in June 2023
London Blockchain Conference 2023 is complete The inaugural London Blockchain Conference, which began on May 31 and was completed on June 2, 2023, was held at Queen Elizabeth II Centre in London. The implications of the transaction-based data economy were thoroughly examined at this conference with economists and professionals from around the world. **Free For All** Who pays to attend conferences nowadays? Therefore, entry to this conference was kept fully free of charge and…
Trezor to depricate password manager tool The well-known hardware crypto wallet Trezor is deprecating its password manager service. Trezor has released an advisory guide to help its users export their passwords to another service. **What is a Password Manager?** A password manager is a programme that helps people store, handle, and manage all their essential passwords (strong and unique, which are hard to remember). This is an encrypted service that gives a person access to…
The SEC's next target is DEX The US Securities and Exchange Commission (SEC) lawsuit against Binance and Coinbase has caused a lot of people to pull their investments from CEX (centralised exchange) and move to DEX (decentralised exchange). The SEC is looking forward to it. **SEC's Chances Against DEX** DEX are not safe from Scam or litigation. DeFi Protocol Bancor was sued by investors in the Western District of Texas under the Securities Act of 1933 and the Exchange Act of…
First Bitcoin ETF in the US by Volatility Shares Volatility Shares' 2x Leveraged Bitcoin Strategy ETF (BITX) has been put into effect by the Gary-led SEC, which has taken a hard line on bitcoin-based ETFs. Volatility Shares will now become the first crypto ETF (exchange-traded fund) provider in the US. **Leverage Before Spot** More recently, Blackrock was in the news in the crypto world, trying its best to bring the first Bitcoin Spot ETF, and the attitude of the SEC was…
Banking Giant CACEIS Starts Crypto Custody Service CACEIS, a French-based European bank with 4+ trillions of euros in assets, has received permission from France's markets regulator Autorité des marchés financiers (AMF), to provide custody services for all digital assets, including cryptocurrencies such as Bitcoin. **Who entered the crypto business with Caceis?** Caceis is a public company created in 2005; it is also the custodial bank of France-based Crédit Agricole and…
World's Largest Bitcoin Mining Farm in El Salvador The nation that supports the bitcoin sector the most is El Salvador. Under the capable direction of Nayib Bukele, the largest bitcoin mining farm in the world will be constructed in El Salvador. **Big Investment** The project to mine bitcoin was started with an initial budget of $250 million. The crypto industry has enthusiastically invested in it, helping the project raise $1 billion. Government of El Salvador has 23% of…
El Salvador Raises the bitcoin level with Centro Caribe Sports 2023 Recently, the "Centro Caribe Sports" of Central America and the Caribbean countries has started in El Salvador. This has raised the level of bitcoin in the field of sports and in the market through sports. **INTERNATIONAL INFLUENCE** Original host Panama pulled itself out due to the coronavirus pandemic, and worsened economic situation, the condition of other Centro Caribe countries was also unfavourable.…
HSBC Joins The History of ETFs The British universal bank HSBC has launched the Bitcoin and Ethereum-based exchange-traded fund (ETF) in Hong Kong. Some analysis are claiming HSBC is first, but it is not the first. **First blockchain-based ETF** **First Private ETF** :- San Diego-based Reality Shares Advisors and Lisle-based Amplify Investments' ETF Trust were the first to launch the blockchain-based ETFs, they launched on Nasdaq and the New York Stock Exchange (NYSE) on…
Gate io Twitter account hacked For a while, there have been several instances of Twitter accounts being hacked, and hacked profiles like Peter Schiff were used to propagate scams. This time, a major exchange like Gate.io's Twitter account was hacked. **The Strange Tweet** A strange communication from Gate has many puzzled, nervous, and excited. The Gate.io official account's assertion that it is a "friendly" security researcher and request to contact the Gate.io security…
Kucoin makes KYC mandatory for all The KuCoin exchange is a favourite destination for crypto investors, as it respects "privacy", an important concept associated with the existence of crypto. But now this will be a thing of the past because, as of July 15, 2023, KuCoin will make KYC mandatory. **Some relief to old users** Each newly registered user from July 15, must complete the KYC in order to access KuCoin's products and services. Users who are registered before July 15,…