The Hong Kong Monetary Authority (HKMA) has announced a disciplinary action against DBS Bank (Hong Kong) Limited (DBSHK) by imposing a significant monetary fine of HK$10 million. According to the Hong Kong Monetary Authority, the fine was imposed for breaches of the Anti-Money Laundering and Countering the Financing of Terrorism Ordinance (AMLO). result The HKMA’s investigation found a number of deficiencies in DBSHK’s compliance systems, including a failure to continuously monitor business relationships between April 2012 and April 2019, a failure to conduct enhanced due diligence in high-risk situations, and a failure to maintain adequate…
Author: Crypto Flexs
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Bybitthe world’s second-largest web3 platform by trading volume, has announced the integration of three additional blockchains into its web3 ecosystem. The SUI, ZKLink, and Scroll chains join the 28 chains already integrated into the Bybit ecosystem. These three new integrations will allow Bybit users to seamlessly switch between these chains within the Bybit Wallet extension, enabling them to use a wider range of DeFi applications and services. The new chain integration feature is now available in the Bybit wallet extension, allowing users to manage their assets across multiple chains on the go. Bybit wallet is also compatible with popular seed…
Market • July 5, 2024 9:44 AM EDT Posted 1 minute earlier In ~ U.S. nonfarm payrolls (NFP) data released on Friday showed stock indexes testing new highs, but the figures failed to revive the cryptocurrency market, which has lost more than 5% of its market cap in the past 24 hours.The June NFP figure was better than expected, with a 206,000 increase in jobs, compared to an expected 190,000, according to the U.S. Bureau of Labor Statistics. The unemployment rate rose slightly in June, reaching 4.1%, the first time it has topped 4% since November 2021.Stock index rises after…
London, UK, July 6, 2024, ChainwireDogeLend, a newly launched ERC20 token, aims to capture the viral appeal of Dogecoin while offering a unique twist. This press release provides information on DogeLend’s concept, market positioning, and strategic plans.The rise of Dogecoin and MemecoinOriginally created by Billy Marcus and Jackson Palmer as a satirical response to the cryptocurrency craze, Dogecoin has grown into a major cultural phenomenon. The unexpected rise in value highlighted the potential of meme coins. However, Dogecoin’s price volatility has led the market to seek new opportunities, and Dogerend has emerged.What is DogeLend?DogeLend is an ERC20 token inspired by…
The first week of July was a tough week for the markets. But amidst the increased selling, crypto whales have been putting some altcoins into their wallets that some might call undervalued. Whales are big investors and their influence on prices cannot be underestimated. Therefore, market participants may want to keep an eye on Dogecoin (DOGE), Optimism (OP), and Pepe (PEPE), as these are some of the altcoin cryptocurrencies that whales have been buying this week. Dogecoin (DOGE) Large Holders Overlook Downtrend Like other cryptocurrencies, the price of DOGE has also plummeted. Specifically, it has lost 23.76% of its value…
Gala Games will be hosting a highly anticipated town hall for their popular game Common Ground World today at 8am PT. The event will be livestreamed on the Gala Games YouTube channel, where players will have the chance to catch up on the latest updates and previews. Event Highlights The City Council promises a comprehensive agenda that includes: “Stars & Sweets” Event Summary Get a sneak peek at upcoming events, including the “Chocolate Ice Cream” contest Exclusive gameplay tips and strategies Q&A session to answer players’ questions Whether you’re a seasoned builder or new to…
HashKey Global Enters Global Top 10, Achieves Profitability in 2 Months – Chainwire housenewsroomHashKey Global enters global top 10, achieves profitability in 2 months since launch We use cookies to make the Chainwire website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising, and provide web analytics for us. Technical storage or access is strictly necessary for the legitimate purpose of enabling the Subscriber or User to use specific services expressly requested by the Subscriber or User, or for the sole purpose of transmitting communications via electronic communications networks. Technical storage or…
We are delighted to announce that Kraken has won awards across multiple categories at two recent Australian cryptocurrency industry awards ceremonies: Finder’s Crypto Trading Platform Awards 2024 and WeMoney’s 2024 Crypto Awards. Finder, an award-winning financial comparison site, has named Kraken the best overall cryptocurrency trading platform for Australian customers in 2024. The decision was made after a team of experts analyzed over 1,100 different data points across 16 different exchanges over the past year. Finder also named Kraken a winner in the Advanced Trading and Crypto Trading – Extra Features categories. We received high marks for operating a diverse…
Despite the widespread sell-off in the cryptocurrency markets following Mt Gox’s decision to pay its creditors, $665 million In daily liquidations, some market makers and investors remain optimistic about Bitcoin’s medium-term prospects.“The amount that is due will be a burden in the third quarter,” GSR co-CEO and co-founder Rich Rosenblum told The Block.“It’s almost Bitcoin +1.93% “It will be mined in the first year after the halving,” he said. “But once it’s digested, there’s still plenty of time for it to hit a new all-time high before the end of the year.”Teddy Fusaro, President of Bitwise Posted on X Despite…
MATIC is struggling to find its footing after nearly all of its shareholders lost their earnings. The MVRV indicator showed that the token is in a bearish phase and needs a 13% upside to break out. The situation for Polygon (MATIC) has worsened since the recent market correction. To be very specific, the token price crashed to $0.43 on July 5th. To put this in perspective, the last time MATIC reached this level was in July 2022, when the cryptocurrency market was in a full-blown downtrend. MATIC’s recent decline was consistent with the overall market, but in one respect it…