Iris Coleman November 15, 2024 10:46 Hong Kong’s monetary authority is warning the public about cryptocurrency companies misrepresenting themselves as banks, potentially violating banking regulations. The Hong Kong Monetary Authority (HKMA) has issued a warning to the public about misrepresenting certain overseas cryptocurrency companies as banks in Hong Kong. According to the Hong Kong Monetary Authority, these companies inappropriately used the term ‘bank’ in product descriptions, potentially misleading consumers. Cryptocurrency companies under scrutiny The HKMA’s warning highlights instances where overseas cryptocurrency companies without a Hong Kong banking license have misrepresented themselves while operating in…
Author: Crypto Flexs
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Key Takeaways Gary Gensler is expected to step down as SEC chairman after Thanksgiving. Potential successors to the SEC chairmanship are being considered ahead of President Trump’s inauguration. Share this article SEC Chairman Gary Gensler is expected to voluntarily resign after Thanksgiving and leave in early January ahead of Donald Trump’s inauguration, according to Fox Business producer Eleanor Terrett. 🚨New: While @realDonaldTrumpselected by @SECGov The chair is still unknown and looks increasingly likely. @GaryGensler As some have speculated, he will voluntarily resign and choose not to complete his term as commissioner. When his resignation will be announced is anyone’s guess.…
Shiba Inu (SHIB) has piqued the interest of cryptocurrency enthusiasts this week, with its price rising more than 60% as part of a broader cryptocurrency market rally. SHIB, the second largest meme coin by market capitalization, is currently trading at around $0.00002803 with a 24-hour volume of $5.69 billion. This meteoric rise has sparked a new wave of enthusiasm among retail and institutional investors as SHIB continues to prove more viable in the meme coin space. The coin’s rise has sparked interest in X (Twitter), where more than 41,300 posts mention SHIB in recent hours, keeping the speculation going. $SHIB…
According to Wintermute’s governance forum, the Ethena Foundation has approved Wintermute’s proposal to share a portion of decentralized finance (DeFi) protocol revenues with token holders. On November 6, cryptocurrency market maker Wintermute proposed allocating a portion of Ethena’s fee revenue to stakers of Ethena’s native token, ENA (ENA). “The Ethena Foundation is pleased to share the news that a proposal to enable $ENA fee conversion has been approved by the Risk Committee,” the company said at its governance forum on November 15.“The Foundation will work with the Risk Committee to finalize the parameters for enabling fee conversion by November 30…
Ted Hisokawa November 15, 2024 11:20 BitMEX introduces SWELLUSDT and APUUSDT perpetual swap contracts, providing users with up to 50x leverage. Take a look at the trading opportunities currently available on the platform. BitMEX has expanded its trading services by introducing two new perpetual swap listings: SWELLUSDT and APUUSDT. According to BitMEX, starting November 15, 2024 at 04:00 UTC, traders on the platform will now be able to engage in long or short positions on these contracts, utilizing up to 50x leverage. new trading opportunities The addition of SWELLUSDT and APUUSDT to BitMEX’s repertoire…
The HKMA warns that misleading use of the word ‘bank’ by cryptocurrency companies not only deceives consumers but also violates Hong Kong’s banking ordinance. HighlightsThe Hong Kong Monetary Authority (HKMA) has warned two overseas cryptocurrency companies against misrepresenting themselves as licensed banks.Legal action could be taken against crypto companies that use the word “bank” in their names in violation of banking bylaws.Hong Kong’s cryptocurrency regulations, introduced in June 2023, aim to ensure consumer protection and promote industry trust. On November 15, 2024, the Hong Kong Monetary Authority (HKMA), the region’s de facto central bank, issued a stern warning to two…
Bitcoin (BTC) is on the verge of a historic milestone, with market analysts predicting its price could surpass $100,000 before the end of November. The cryptocurrency recently reached an all-time high of $90,000, driven by improving market sentiment and President-elect Donald Trump’s improved cryptocurrency-friendly policy environment. Bitcoin’s Record Month Historically, November has been Bitcoin’s strongest month in terms of price-performance, and 2024 appears to be no exception. Bitcoin price soared to $90,000 on November 13, marking a 100% year-to-date gain. According to Ryan Lee, senior analyst at Bitget Research, this bullish trend is driven by increased investor demand and historical…
ORBIS AI receives $10,000 grant from Solana, CoinDCX. A decentralized platform for working with AI models. The Solana ecosystem is experiencing rapid growth. The blockchain field and artificial intelligence (AI) are increasingly converging. Both technologies leverage each other’s unique capabilities. AI benefits from blockchain’s decentralization and transparency, and blockchain gains new use cases thanks to AI’s capabilities. Most recently, a company at the intersection of these technologies received significant initial support from the Solana Foundation. ORBIS AI aims to create a platform that empowers workers to enable AI development. ORBIS AI secures funding for decentralized AI platformSolana is increasingly competing…
Wang Long Chai November 15, 2024 12:34 Binance has launched a promotion for P2P users in Africa, offering up to 200 USDT as a reward for accurate BTC price predictions and completing P2P purchases. Binance has unveiled a new promotional campaign targeting both new and returning users of its African peer-to-peer (P2P) trading platform. According to Binance, the initiative, which will run from November 15 to December 12, 2024, will allow eligible participants to earn token vouchers worth up to 200 USDT by participating in specific activities.Participation detailsTo participate in the promotion, users must…
In a complex and highly competitive online trading environment where numerous platforms blend together with similar features and promises, MoneraCap.io has quickly stood out as a game changer. This platform doesn’t just provide standard tools and assets. We challenge the traditional boundaries of online trading with our innovative approach, powerful features, and diverse products. MoneraCap.io strives to set a new standard for what a trading platform can achieve by combining cutting-edge technology and user-centric design.After four weeks of intensive testing of all aspects of MoneraCap.io, this review provides a comprehensive analysis of the platform’s offerings. Let’s take a look at…