Cryptocurrency

Canadian Authorities Crack Down on Unregistered Crypto Exchanges

Monday. July 8 at 7:30 PM

1 min. read

A British Columbia Securities Commission (BCSC) panel has determined that LiquiTrade operated an illegal exchange in Canada. LiquiTrade's Latoken crypto exchange was accused of breaching Canada's Securities Act in November 2022 by processing $300 million in daily transactions for 1.5 million users. After a two-year investigation, the BCSC panel found LiquiTrade in violation of Canadian securities laws for enabling users to trade derivative investments without proper registration. Canada has already banned four crypto exchanges, while 15 authorized platforms, such as Bitbuy and Coinbase, continue to operate. LiquiTrade faces potential sanctions ranging from fines to service bans, with a final decision expected by August 14. Despite regulatory crackdowns, licensed platforms like WonderFi are seeing increased retail interest in crypto, with new user signups surging alongside Bitcoin's record price highs.

More news 🗞️

New Editor in Chief at CryptoSlate Driving Innovation in Crypto Journalism

Wednesday. October 30 at 6:30 PM

Nate Whitehill, CEO and co-founder of CryptoSlate, announced Liam Wright as the new Editor in Chief. Wright's appointment signifies a shift towards delivering impactful news at the intersection of crypto, finance, and technology. His investigative reporting has set new standards, covering significant events like the Luna collapse and the Bitcoin ETF launch. Under his leadership, CryptoSlate aims to provide advanced analytics and visual storytelling, bridging traditional finance with the crypto world. The platform will expand its content to include macroeconomic trends and educational resources to enhance financial literacy. Wright's vision emphasizes transparency and inclusivity, aiming to level the financial playing field. With a focus on empowering users and staying ahead of technological advancements, CryptoSlate is poised to become a leading resource in the finance and tech media landscape.

Cryptocurrency

Cryptocurrency Industry Endorsements in the 2024 US Presidential Election

Wednesday. October 30 at 5:30 PM

The 2024 US presidential election has seen endorsements from the cryptocurrency sector for both candidates. While Donald Trump has garnered significant support from the crypto community, Kamala Harris has also received notable endorsements. Trump, known for his changing stance on Bitcoin, has more crypto-related endorsements than Harris, possibly due to her late entry into the race. Key figures like Elon Musk, Cathie Wood, and prominent crypto executives have endorsed Trump. On the other hand, Harris has support from industry leaders like Chris Larsen and Mark Cuban. Some executives from VC firms have backed Harris, while others remain neutral. The industry believes that crypto's growth is inevitable regardless of the election outcome. The community is divided on which candidate is better for Bitcoin, with varying opinions on the impact of regulation. Overall, the crypto industry plays a significant role in the political landscape of the upcoming election.

Cryptocurrency

Bitcoin-Denominated Life Insurance: A New Frontier in the Industry

Wednesday. October 30 at 5:00 PM

The rise in cryptocurrency interest has led to various innovative applications. Bitcoin, the original cryptocurrency, has seen a surge in interest in exchange-traded funds, decentralized finance, and life insurance. Meanwhile, a pioneer in Bitcoin-denominated life insurance, offers policies entirely in Bitcoin. Customers can pay premiums, grow their policies, borrow against them, and receive payouts in Bitcoin. This unique approach provides tax advantages for long-term holders, such as tax-free policy loans. As Bitcoin's value increases, policyholders have more funds to borrow against, with everything denominated in Bitcoin. To learn more about Meanwhile's Bitcoin-denominated life insurance, listen to The Agenda podcast. This new frontier in the industry offers a fresh perspective on combining cryptocurrency and traditional insurance practices.

Cryptocurrency

OKX Partners with Standard Chartered for Crypto Custody Services

Wednesday. October 30 at 3:00 AM

OKX has teamed up with Standard Chartered to have the banking giant serve as the official third-party crypto custodian for the crypto exchange's institutional clients. This collaboration aims to challenge the norm and pave the way for future developments. By partnering with @StanChart, OKX enhances its services for institutional clients, focusing on security and innovation in the crypto sphere. OKX's chief commercial officer, Lennix Lai, views this partnership as a strategic move towards solidifying the exchange's position among the top global crypto companies. Standard Chartered's involvement will provide a secure platform for institutional customers to venture into the digital assets market. The collaboration enables clients to separate trading from custody, offering a seamless integration of digital assets into the traditional financial system. Standard Chartered's expansion in the crypto space includes a digital asset custody solution in the UAE, catering to institutional clients for Bitcoin and Ethereum custody, with plans for more assets in the future.

Cryptocurrency