This Report will provide you with some important and quick news of cryptocurrencies that happened around the world.
1. BitZ Announces Closure As The Crackdown Continues
In the midst of yet another big crypto crackdown in China, Bitz, a four-year-old Chinese exchange, has ceased operations. Bitz, a cryptocurrency exchange that operated for four years and was one of the most popular online exchanges, has announced its closure. It cited “policy and regulatory obligations” as justification for its newest move…[continue reading]
2. Google And Bakkt Partner To Bring Google Pay To Cryptocurrency Users
According to a BusinessWire news release, customers will soon be able to spend Bakkt Card crypto money directly through Google Pay. Following the launch of Bakkt’s Visa Debit Card earlier this year, consumers will now be able to conduct transactions using digital assets everywhere Google Pay is accepted…[continue reading]
3. 20 Plus Crypto-Related Businesses Withdraw From China Due To China’s Crypto Ban
According to prominent news site China Securities Journal, the new China crypto prohibition has pushed more than 20 firms involved in cryptocurrency-related activities (trading, mining) to relocate to Hong Kong. Among them is Huobi, the region’s major exchange. Additionally, China’s autonomous province of Inner Mongolia has shut down 45 cryptocurrency mining operations…[continue reading]
4. Binance Suspends Offerings Of Crypto Derivatives In South Africa
The world’s largest cryptocurrency exchange stated that some goods and services would be discontinued in the region to comply with local rules. Futures, Options, Margin trading, and leveraged tokens are among the crypto derivatives services that have been suspended with immediate effect…[conntinue reading]
5. Security Flaw In The Ethereum Staking Pool Has Been Patched
A security flaw affecting funds in ETH 2.0 staking pools has been patched. The bug was discovered by Dmitri Tsumak, founder of StakeWise, who collaborated with rival staking protocols to safeguard users’ funds…[continue reading]
6. The Department Of Justice To Announces A Crypto-Focused ‘Enforcement Team’
The United States Deputy Attorney General Lisa Monaco announced two new Justice Department enforcement operations on Wednesday aimed at cryptocurrency and federal contractors that fail to report cyber intrusions…[continue reading]
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