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UK bans Binance cryptocurrency trading in the country June 28, 2021 by archyde The UK Financial Conduct Authority (FCA) announced the inadmissibility of the activities of one of the largest cryptocurrency exchanges in the world, Binance and its divisions in the country, and warned users of the cryptocurrency trading platform about this. The intervention of the British financial regulator was one of the most significant steps taken by the world’s regulators against Binance, a digital asset company with subsidiaries around the world, writes The Financial Times. The FCA stated that the UK com...

One of China’s most prominent crypto traders went on trial in the city of Hangzhou this week. He is accused of “assisting internet criminal activities” for his alleged role in the laundering of billions of dollars linked to online gambling and other criminal activities. Zhao Dong, pictured in 2019 at a funding round for his crypto peer-to-peer lending and wallet startup, RenrenBit. (Image: CoinDesk) Zhao Dong is the head of over-the-counter (OTC) crypto-lending platform RenrenBit, and has long been a key figure in the Chinese crypto community. He was detained by police in late May last ...

by Tyler Durden Elon who? On Wednesday afternoon, the world's 2nd richest man, Elon Musk, infuriated over 21 million bitcoin faithful (that's how many Americans are said to own the cryptocurrency) with his faux ESG concerns when he stunned everyone when he announced that he was shocked, shocked to learn that bitcoin mining uses electricity (just what do you think all those Teslas run on, Elon) and won't accept it any more as payment, bitcoin tumbled as much as 10% overnight, sliding from a high of $55K to as low as $47 before rebounding, dragging the entire cryptocurrency space with it and ...

May 7, 2021 Cryptocurrency markets are seeing a drastic increase in trading, at a time when volumes in stocks and derivatives have dropped off, as reported in the Financial Times. As more traders turn to speculative assets, cryptocurrencies are reaping the benefits. Trading on crypto exchanges climbed to $1.7t last month, compared to $1.2t in March and less than $100 billion in April of the previous year, according to data collated by The Block Crypto and reported in the Financial Times. Meanwhile, equities volume fell 27% and equity options volume fell 14% in April compared to the previous...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero