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Ethereum developers have recently introduced the Ethereum R1 Layer 2 solution. This L2 solution aims to address the scalability issues faced by the Ethereum network, providing a more efficient and cost-effective alternative for users. The Ethereum R1 Layer 2 solution is designed to enhance the network’s performance by offloading transactions to a secondary layer. This [...]
Velora, a cryptocurrency exchange, has rebranded and is now known as ParaSwap. The platform recently introduced new features and improvements to enhance the overall user experience. ParaSwap aims to provide a seamless and efficient way for users to swap different cryptocurrencies at the best possible rates. The platform aggregates liquidity from various decentralized exchanges to [...]
The post Introducing Velora: ParaSwap’s Exciting Rebrand with New Intent-Based DEX Trading Feature appeared first on Crypto Breaking News.
The Securities and Exchange Commission (SEC) in Thailand has warned digital asset exchanges that their advertisements and the organisation of introducing broker agent (IBA) events might violate local regulations, Bangkok Post reported today (Monday). The regulator clarified that IBAs can only promote digital token services to avoid speculation on cryptocurrencies, which are categorised as high-risk assets.
Clarifying Rules for Investors Benefits
IBAs are local companies or agents that onboard clients in a local market for their partner digital asset exchanges for commission. These practices are standard for exchanges or brokers that do not operate directly in some markets.
The warning came as the Thai regulator is reiterating the operations of digital asset exchanges in the country to ensure their compliance with local business standards and to focus on benefiting investors and protecting their interests.
Cryptocurrency exchanges are legal in Thailand, but they must obtain local approval. Last month, the country even allowed asset management firms to launch private funds to offer bitcoin exchange-traded funds (ETFs), but only to institutional and ultra-high-net-worth investors.
However, the country banned the sale of cryptocurrency lending products and also mandated that exchanges display a risk warning message.
Companies Must Be Honest
The recent cautionary order confirms the Thai regulators priority to ensure the advertisements and sales promotions of the crypto exchanges comply with specified criteria and also eliminate false, exaggerated, distorted, concealing, or misleading information. It further highlighted the mandatory warnings about investment risks for investors in all advertisements and promotions.
When operators organise sales promotions by offering rewards to entice people to use the service, this could encourage use of the service without considering the investment risks. This is especially the case for cryptocurrencies, Anek Yooyuen, Deputy Secretary-General of the Thai SEC said in a statement.
The SEC is asking business operators to strictly comply with the rules and be careful when organising IBAs, advertising and sales promotions, following the relevant rules and guidelines. If there is any violation, there will be punishment according to the law.
This article was written by Arnab Shome at www.financemagnates.com.
Pump Fun Introduces DeFi Lender Finance Memecoin Acquisition Pump Fun, a renowned decentralized finance (DeFi) platform, has recently announced the launch of a new and exciting memecoin called DeFi Lender Finance. This innovative token aims to revolutionize the DeFi space by offering unique utility and benefits to its holders. With the rise of memecoins in [...]
The post Introducing Pump.fun’s New Lending Platform for Financing Memecoin Purchases appeared first on Crypto Breaking News.
Pump.fun Ventures into DeFi with New DEX Raydium Integration Pump.fun, a prominent player in the cryptocurrency landscape, recently launched its very own decentralized exchange (DEX) with the integration of Raydium. This move signals Pump.fun’s foray into the decentralized finance sector, showcasing their commitment to providing innovative solutions for users. The decision to integrate Raydium into [...]
The post Introducing Pump.fun’s New DEX Launch: Say Goodbye to Raydium appeared first on Crypto Breaking News.
Securitize Partners with Redstone for DeFi Oracle Price Feeds Securitize, a leading platform for security token issuance and compliance, has announced a strategic partnership with Redstone, a prominent decentralized finance (DeFi) project, to integrate secure oracle price feeds. Through this collaboration, Securitize aims to enhance the reliability and accuracy of price information used in various [...]
The post Introducing BUIDL Tokenized Fund to DeFi: Securitize Partners with RedStone for Reliable Price Feeds appeared first on Crypto Breaking News.
CoinTelegraph has recently unveiled GamingNews, a new and innovative approach to gaming journalism. This platform aims to provide readers with a unique perspective on the gaming industry, offering in-depth analysis, reviews, and news updates from the world of gaming. GamingNews seeks to differentiate itself from traditional gaming media by focusing on insightful commentary and engaging [...]
The post Introducing Gaming.News by Cointelegraph: Revolutionizing Gaming Media with a Fresh Perspective appeared first on Crypto Breaking News.
The Index Coop is excited to announce the launch of two new Polygon-native Flexible Leverage Indices (FLI) — MATIC2x-FLI-P and iMATIC-FLI-P! Just like the other FLI tokens, MATIC2x and Inverse MATIC are structured products in ERC-20 format that enable traders to automate leveraged exposure in a completely decentralized manner. MATIC2x targets a long 2x… Source […]
There will be a snapshot taken during the last week of December for holders and stakers of $ICX. These holders will be able to claim an airdrop of $ICY equivalent to their $ICX holdings at a later date. $ICX held on exchanges doesn’t guarantee your participation, and it is best to self custody your $ICX […]
Senator Dick Durbin recently introduced legislation aimed at combatting fraud involving cryptocurrency ATMs. The bill is designed to prevent criminals from using these machines to facilitate illegal activities such as money laundering, terrorism financing, and other forms of financial crime. Durbin emphasized the need for stronger regulation in the cryptocurrency space to protect consumers and [...]
The post Introducing a New Bill by US Senator to Combat Cryptocurrency ATM Fraud appeared first on Crypto Breaking News.
Microsoft revealed their plans to create a new chip that will enhance the security of Bitcoin transactions. This initiative aims to combat potential threats posed by quantum computing, ensuring the resilience of the cryptocurrency against emerging technologies. The tech giant announced a timeline for the development of the chip, indicating their commitment to addressing security [...]
The post Introducing Latest Microsoft Chip Accelerating Bitcoin’s Quantum-Resistance Timeline: River appeared first on Crypto Breaking News.
Grayscale Introduces Pyth Investment Fund Grayscale, a prominent digital currency asset manager, has recently announced the launch of its latest investment product known as the Pyth Investment Fund. This fund is designed to provide investors with exposure to the rapidly growing decentralized finance (DeFi) sector of the cryptocurrency market. Through the Pyth Investment Fund, investors [...]
The post Introducing Pyth Investment Fund by Grayscale: A New Opportunity for Investors appeared first on Crypto Breaking News.
Grayscale Ventures into Dogecoin with New Investment Fund Grayscale, a prominent cryptocurrency management firm, has introduced a new investment fund dedicated to Dogecoin, a meme-inspired digital currency that has gained significant popularity in recent years. This move marks a significant step for Grayscale as they expand their portfolio to include this unique cryptocurrency. The launch [...]
The post Introducing Grayscale’s New Dogecoin Investment Fund: Invest Today! appeared first on Crypto Breaking News.
The price of IOTX, the native token on the IoTeX network, has been on a bullish trend since mid-March. The token took a hit in February 2023 and its price dropped to about $0.22 by the start of March. It then embarked on a bullish trajectory which seems to have gained momentum in the last …
<p>The post IoTeX (IOTX) on a strong bull trend since introducing SBTs rewards first appeared on CCNC | Cryptocurrency Newscast.</p>
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