Stock tokens, typically held by Binance, are digital assets that closely track the price action of traditional financial securities, like stocks of publicly traded companies. These tokens are delta-one products backed by physical shares, which means that price movements in the underlying assets are replicated to the tee by the derivative. Unlike traditional stocks, interested […]
The cryptocurrency and blockchain industry continues to evolve as new crypto-based entrants, including utility tokens, security tokens, and privacy tokens, move the industry to higher levels of engagement and adoption. That said, Non-Fungible Tokens (NFTs) have gained massive attention over the recent months. In this short guide, we will look at what NFTs are and […]
Some weeks ago, Binance released its commission-free tradable stock tokens to help link the cryptocurrency industry and Wall Street. However, a top German financial regulator, BaFin, has warned that Binance could face heavy fines and scrutiny for offering security tokens without publishing the investor prospectus. Upon launch, the behemoth exchange announced that it would allow […]
As the government of South Korea continues to hold an unfriendly stance towards cryptocurrency, domestic traders have erupted in anger over the recent statements from the Chairman of the Financial Services Commission (FSC), Eun Sung-soo, and are calling for his resignation. The Korean presidential website has gotten flooded with thousands of petitions from irate, mainly […]
According to a report by the Korea Times, the Chairman of South Korea’s Financial Services Commission (FSC), Eun Sung-soo, has warned that all 200 cryptocurrency exchanges in the country could get shut down in September once a specific financial law gets implemented. He noted that cryptocurrency exchanges need to register with the Financial Services Commission […]
According to a report by Yonhap last week, the Seoul metropolitan government has confiscated crypto assets from hundreds of tax-defaulting cryptocurrency investors in South Korea. Based on the report, the government’s tax collection department has identified cryptocurrencies on three cryptocurrency exchanges belonging to 1,566 individuals, including company heads. So far, coins belonging to about 676 […]
WeWork has joined the growing list of large companies to begin accepting cryptocurrency payments. The global office-space provider announced that it partnered with Bitpay and Coinbase for “inbound and outbound” transactions. WeWork is a leading provider of workspace and environments for individuals and businesses, from freelancers to Fortune 500 companies. With more than 800 workspaces […]
TIME Magazine has followed through on its decision to venture into the Bitcoin and cryptocurrency market, as the company now accepts crypto payments for its digital subscription. The announcement comes a few weeks after the giant magazine manufacturer collaborated with Grayscale to produce educational cryptocurrency materials. With its first issue dating as far back as […]
According to a publication in the official newspaper of the government, the Turkish central bank (CBRT or TCMB) has announced that it will be issuing strict regulations on the disuse of cryptocurrency payments in the country. The country’s apex bank noted that “studies on the regulation regarding the disuse of crypto assets in payments have […]
