Day: October 6, 2023

Bitrue registers as a VASP in Poland

Bitrue can now offer its services in and from Poland.
The crypto exchange sees Europe as an important market.
Poland had also licensed its peer Bitget earlier this year.

Bitrue has successfully registered as a VASP – Virtual Asset Service Provider in Poland, the crypto exchange confirmed in a press release on Friday.

Bitrue continues to expand in Europe

The announcement reiterates that Bitrue remains committed to expanding its footprint in Europe even though cryptocurrencies have been in a dry spell over the past three months.

Bitrue can now offers its services both in and from Poland now in compliance with local regulations now that it has secured a license in Poland. Its press release reads:

Bitrue introduced enhanced money laundering policies and procedures, and conformed with additional Polish regulations pertaining to VASPs as part of license process.

Poland seems to be embracing the crypto market fast. Earlier this month, peer Bitget became registered in the Central European country as well (find out more).

Bitrue sees Europe as an important market

On Friday, Bitrue also confirmed that it will continue to look for opportunities to further expand in Europe particularly after the MiCA (Markets in Crypto Assets Regulations) act that the EU approved earlier this year in May.

Europe is an important and developed market for Bitrue in terms of its size but also in relation to projects Bitrue works with across the region.

Last month, Robert Quartly-Janeiro – Chief Strategy Officer of Bitrue said the collapse of Terra Luna and FTX last year were actually helping in bringing traditional financial institutions to the crypto space.

Many believe the institutional interest will boost further once the Securities & Exchange Commission approves a Spot Bitcoin ETF.

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Canadian regulator clarifies guidelines for stablecoins trading

Canadian securities regulator CSA has clarified terms and conditions for stablecoin trading on exchanges.
Crypto platforms and issuers have to adhere to set conditions before they are allowed to offer stablecoin related services.
Several crypto exchanges, including Binance, exited Canada earlier this year following CSA’s new stablecoin guidelines.

The Canadian Securities Administrators (CSA) has provided further guidance to the trading of stablecoins on crypto exchanges in the country. The update comes months after major exchanges, including Binance, halted operations in the country over regulatory developments.

Canada clarifies stablecoin trading rules

Although the CSA previously noted in an interim framework that stablecoins, which it terms as “value-referenced crypto assets,” may constitute securities or derivatives, its latest update include the acknowledgement that the asset is an important component of trading on crypto exchanges.

The guidance includes clarification on when crypto trading platforms and issuers of fiat-backed stablecoins can offer these assets to Canadian customers. Initially, the CSA said crypto trading platforms could be allowed to offer stablecoin deposits or purchases in cases where the asset is pegged to a single fiat currency.

Stan Magidson, CSA Chair and CEO of the Alberta Securities Commission, providers and issuers must adhere to transparency, particularly about their reserves and governance. He noted in a press release that these are “critical issues” that should be addressed in order to protect investors and market integrity.

This interim framework, which we will build upon in the future, sets certain standards to help ensure that investors receive the information they need about the assets they are purchasing, including the risks associated with them,” Magidson added.

The latest clarification is in response to comments received from Canadian crypto market participants, the CSA said. The move is also a result of the push to have a framework that aligns with global standards and regulations.

This year, Binance, OKX and Bybit announced their exit from the Canadian market citing the regulatory environment.

Binance, the world’s largest crypto exchange by trading volume, pegged its departure on “new guidance related to stablecoins and investor limits”. Per the exchange, the requirements had made the Canadian market “no longer tenable” for business.

The post Canadian regulator clarifies guidelines for stablecoins trading appeared first on CoinJournal.

Harambe Token’s Revolutionary AI Hedge Fund Meme Token Unlock’s Unprecedented Investment Opportunities

The 2023 bull market peaked in an overwhelming meme coin frenzy during early May, with newcomers like Pepe (PEPE) soaring to new heights. Current appetite for meme coins appears insatiable, with traders keenly scouting for assets promising short-term gains that also hold promise for a sustained rise in the broader cryptocurrency domain.

Such meteoric ascents are becoming synonymous with meme coins. Case in point, 2021 witnessed the unexpected surge of Shiba Inu (SHIB), which catapulted from an inconspicuous $0 market cap to a staggering $40 billion, catching the market off-guard.

The crypto community’s appetite seems as voracious as a wolf on the prowl for high-potential meme coins. A meme coin backed with real product and utility is exactly what the world is looking for.

Artificial intelligence meets Memes.

Today, the cryptocurrency universe finds itself abuzz with whispers and roars about an unparalleled innovation in the space. It’s not just another cryptocurrency; it’s a promise, a potential disruptor that could redefine the essence of crypto trading.

Enter Harambe Token ($HARAMBEAI), a trailblazing artificial intelligence Meme Token. As it unfurls its wings with its presale launch, crypto enthusiasts from all over the globe are converging to get a slice of this pie.

As we find ourselves amidst a transformative era in the world of cryptocurrency, it’s clear that the future belongs to those tokens and technologies that bring something fresh to the table. Investors, both novices and experts, are constantly on the lookout for opportunities that combine novelty with potential profitability.

The Harambe Token not only stands as a testament to such innovation but also heralds a future where returns are no longer a privilege but a widespread possibility.

An Insightful Dive into the Harambe Token Universe

To truly understand the ripples that Harambe Token is set to create, it’s crucial to appreciate its foundational ethos. At its heart, this isn’t a mere meme token riding the waves of popularity. Instead, it’s an embodiment of cutting-edge technology and visionary foresight.

Hedge funds, with their promise of high returns, have traditionally been the playground for the elite, often out of reach for the average investor. Harambe Token breaks down these walls, ushering in an era where the magic of hedge funds and the genius of artificial intelligence are accessible to all. The decentralization dream of the crypto world finds a new champion in Harambe Token.

A token purchase is not just a transaction; it’s an entry ticket into a revolutionary investment arena. By owning these tokens, you are holding an asset backed by an A.I. based auto trading bot.

Beyond its playful exterior lies a beast of an A.I. neural network auto-trading bot. Built upon years of historical trades, elite hedge fund strategies, and the wisdom of seasoned traders, Harambe Token ensures round-the-clock successful trades, overshadowing its peers.

With a built-in redistribution mechanism, profits from Harambe A.I. are redirected to repurchase itself. Simply hold the Harambe Token and gain direct exposure to the proprietary A.I. trading engine’s prowess.

The Promise of Trustworthiness in an Uncharted Terrain

In the vast, often wild, world of cryptocurrency, the real challenge lies in distinguishing the genuine from the mirage. It’s a realm where every new token is met with skepticism, given the myriad of scams that have previously plagued the industry. However, Harambe Token shines as a beacon of trust.

The team behind Harambe Token is committed to more than just profits. They are driven by the goal of creating a transparent, dependable platform. Their buyback and burn mechanism is a testament to this commitment. By actively reducing the token supply, they ensure an organic appreciation of its value, enriching the community of holders.

Harambe Token Presale: Catch the Rocket Before It Soars!

Harambe Token‘s presale isn’t just making waves; it’s creating a tidal wave in the crypto ocean. Every passing day sees the price of this sizzling meme investment surge. It’s like witnessing a rocket launch from the front row!

But here’s the twist: with every tick of the clock, the entry ticket becomes pricier. Is the FOMO starting to creep in?

This means that those who arrive late to the party will have to pay more per token.

As the presale unfolds, this is a call to potential crypto enthusiasts. Here lies an opportunity, not just to diversify an investment portfolio, but to be part of a movement. A movement that strives to democratize financial returns, to break barriers, and to chart a new course in the crypto realm.

 

This is an externally provided sponsored article. Sponsored articles like this one may contain promotional content and links. The content does not constitute financial advice and is for informational purposes only.

The post Harambe Token’s Revolutionary AI Hedge Fund Meme Token Unlock’s Unprecedented Investment Opportunities appeared first on CoinJournal.

Thorchain’s THORSwap DEX now in maintenance mode amid illicit activity

Key takeaways

THORChain-based decentralised exchange THORSwap is currently in maintenance mode.

The DEX seeks to curb a rise in potentially illicit funds moving through the platform.

THORSwap DEX is now in maintenance mode

THORChain-based decentralised exchange THORSwap announced via X (formerly Twitter) that it is temporarily transitioning” into maintenance mode as it seeks to curb the surge in potentially illicit funds moving through the platform.

Fellow THORChads,

A pressing and persistent concern has recently come to light: the potential movement of illicit funds through THORChain and, specifically, THORSwap. Such activities have no place on the THORSwap platform, and THORSwap stands firmly against any and all criminal…

— THORSwap ⚡ #BetterThanCEX (@THORSwap) October 6, 2023

The team pointed out that the movement of illicit funds through its platform is a pressing and persistent concern and needs to be addressed as soon as possible. THOSwap wrote that,

“A pressing and persistent concern has recently come to light: the potential movement of illicit funds through THORChain and, specifically, THORSwap,” THORSwap posted on X (formerly Twitter). “Such activities have no place on the THORSwap platform, and THORSwap stands firmly against any and all criminal actions.”

The decentralised exchange decided to put the platform in a maintenance mode following consultation with legal experts, advisors and law enforcement agencies. THORSwap will remain in maintenance mode until the team comes up with a more permanent and robust solution that can be implemented to ensure the platform’s continued security and integrity.

FTX hacker move funds via THORSwap

THORSwap’s primary concern was the fact that the individual or entity behind suspicious withdrawals from the collapsed crypto exchange FTX (commonly called the “FTX hacker) moved funds through its platform.

On-chain analyst Lookonchain revealed that the hacker has so far transferred 22,500 ETH ($38 million) this week. The hacker moved the funds by wapping ether for bitcoin through THORChain and Railgun. At the moment, the FTX hacker has over 163,000 ETH ($275 million) across several wallets.

This latest development comes a few days after Taylor Monahan, a product manager a Consensys, claimed that Russian and North Korean hackers and money launders use THORChain for their operations. The manager added that in the last four months, over 50% of the ether to THORSwap router to bitcoin transactions have been stolen funds.

The THORSwap team assured its community that they were doing everything possible to tackle the situation and resume operations swiftly. 

RUNE, the native coin of the Thorchain network, has been underperforming over the past few hours. At press time, the price of Thorchain (RUNE) stands at $1.94, down by 4% in the last 24 hours. 

The post Thorchain’s THORSwap DEX now in maintenance mode amid illicit activity appeared first on CoinJournal.

VEXT Is Now Available On Gate.io

London, United Kingdom, October 6th, 2023, Chainwire

 

VEXT is now available (10:00AM UTC) on Gate.io, another renowned global centralized exchange.

Users can head over to Gate.io now by CLICKING HERE so they don’t miss out on the exclusive rewards and bonuses up for grabs!

This is a defining moment where users have the opportunity to be part of shaping the VEXT future.

Users can make sure they get access, by clicking this link and heading to the Gate.io website.

Veloce Media Group, powered by VEXT is perfectly positioned to drive Web3 adoption. To date, VMG has attracted over 35 million subscribers and nearly one billion monthly views with a focus on gaming, purpose-driven motorsport, and now Web3.

Veloce’s token, VEXT, empowers holders to become part of the Veloce ecosystem who will have further influence, integration and rewards over decentralized assets within the Veloce Media Group – encompassing its well-established multiple gaming and real-world teams, creators, leagues, games, stores and content channels.

Make sure to follow VEXT across socials below and join us as we shape the VEXT future!

Users can stay tuned for some exciting updates by visiting Veloce’s:

Website | Telegram Group | Telegram Channel | Twitter | Discord | Instagram | YouTube | CoinMarketCap | CoinGecko | ByBit | MEXC | Toobit | Poloniex | DigiFinex | WhiteBIT | Gate.io

About Veloce Media Group:

Founded in 2018, Veloce is a multi-pillared gaming and sports media group operating across some of the most innovative, fast-growing, and future-focused sectors in the UK.

Headquartered in London, the Veloce brand comprises the industry-leading gaming and racing platform, Veloce Esports, and race-winning outfit, Veloce Racing, currently competing in the renowned Extreme E championship.

As the world’s largest digital racing media network, Veloce has so far attracted over 35 million subscribers and nearly one billion monthly views with a focus on esports, gaming, purpose-driven motorsport, and Web3.

Veloce is partnered with a number of high-profile teams from across the globe, running multiple gaming and esports team operations, including Mercedes AMG, Ferrari, McLaren, and Yas Heat. Well-established JV sub-brands, including Lando Norris’ gaming and lifestyle brand Quadrant, make up another key aspect of Veloce’s vast global network.

To learn more, please visit: https://www.velocemediagroup.com/

 

Contact

Head Of Digital Marketing
Louis Broomfield
Veloce Media Group
hi@velocemediagroup.com

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