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BIZpaye (CRYPTO) News

Switzerland crypto

Switzerland’s Fin. Regulator Approves the First Crypto Fund


On Sept. 29, Switzerland's regulatory Financial Market Supervisory Authority allowed the first Swiss crypto fund, investing essentially in digital assets. The issuer of the product named Crypto Market Index Fund is Crypto Finance, a Zurich-based firm providing crypto services such as asset managing...

Huobi FTX crypto

Huobi Stops to Serve Chinese Users


Following China’s announcement to adopt stricter measures against the crypto industry, several crypto exchanges started to make changes in their services. Huobi Global, the biggest crypto trading platform in China, disclosed ceasing services for local users. The exchange has disabled new...

China crypto crackdown

China Adopts Unprecedented Strict Measures Against Crypto


The government of China is taking stricter steps against the crypto sector. Authorities teamed up to ban crypto activities. On September 24, China's central bank said all crypto-related transactions are considered illegal. Foreign exchanges can't deliver services to people from China. The Central...

UAE crypto Dubai free zone

UAE Supports Crypto Activities in Dubai Free Zone


Regulatory bodies of the United Arab Emirates say yes to crypto uses like offering, listing,selling, and buying in the Dubai free zone. These areas, also called free trade zones, are economic areas that allow trading goods and services generally at tax-free and custom rates. Dubai World Trade...

Twitter tips crypto

Twitter Presents Crypto Tipping Feature


Social networking service Twitter announced adding an in-app tipping feature on iOS, saying the Android version will come soon. In a blog post published on September 23, the Twitter staff product manager Esther Crawford said that the tips are available for everyone, enabling more payment options....

Dogecoin Elon Musk

Elon Musk Says Dogecoin Fees Need to Reduce to Widen Its Use


Tesla CEO Elon Musk finds if there is a decrease in Dogecoin's fees, the coin's use case in retail purchases will grow. Musk expressed his opinion, commenting on the tweet of Dogecoin's co-creator Shibetoshi Nakamoto (Billy Markus). Markus wrote about trading platform Robinhood's adding crypto...

Avalanche AVAX new high

Avalanche’s Native Coin AVAX Reached a Record High


AVAX, the native coin of the open, smart contracts network for building dapps, Avalanche, reached a new all-time high of $68.84 on On September 16, the company revealed completing a $230 M fundraising via a token sale. The investment was headed by Polychain and Three Arrows...

Africa crypto adoption

Africa’s Crypto Adoption Grew by Over 1200% In a Year


Data from Chanalysis show that the crypto industry of Africa is making progress at a fast pace. In the previous year, received crypto has gone up by more than 1200%. From July 2020 to June 2021, African countries got about $105.6 B worth of crypto in total. The surge is notable, especially...

Scaramucci SkyBridge Capital

Scaramucci's SkyBridge Capital Now Holds $700 M in Crypto


The founder and managing partner of major investment firm SkyBridge Capital, Anthony Scaramucci announced during a recent interview that the company presently owns $700 M worth of cryptocurrencies and aims to present more crypto products. On September 13, SkyBridge Capital announced a...

Gary Gensler testimony on crypto

SEC Chair Gary Gensler States His Opinion About Crypto


On September 14, the chairman of the US Securities and Exchange Commission, Gary Gensler stated his opinion related to the crypto sphere before a Senate committee. According to him, major crypto exchanges should register as securities exchanges. The Senate Banking Committee issued Gensler's...

Brevan Howard crypto

Brevan Howard Opens a Crypto-Related Division


European hedge fund manager Brevan Howard hired CMT Digital CEO Colleen Sullivan to manage private and venture investments in cryptocurrencies. In 2017, she co-founded Chicago-based CMT Digital, a division of investment manager firm CMT Group. The parent company, founded in 1997, started activities...

MasterCard Acquires CipherTrace

MasterCard Purchased Crypto Intelligence Firm CipherTrace


Major financial services provider MasterCard acquired crypto risk intelligence firm CipherTrace. The startup creates tools via which companies and government officials can find out illegal crypto transactions. The amount for the purchase hasn’t been unveiled. New on the Blog! "Mastercard...

Ukraine makes crypto legal and regulated

Ukrainian Parliament Voted in Favor of Crypto Legalization


Ukraine became the latest country to legalize and regulate cryptocurrencies by providing official clarity of the industry. 276 lawmakers voted in favor of the bill and 6 against it. The bill was presented in 2020. After getting the approval of the parliament, it needs to be signed by President...

Near protocol Solana

SOL and NEAR Reached New Highs While the BTC Price Fell


Native coins of Solana blockchain and NEAR Protocol reached new all-time highs today. Increasing by around 29% in the last 24 hours, the price of SOL reached $214.96 on CoinMarketCap. The coin now ranks 6th with over $60.2 billion market cap. Solana is one of the fastest blockchain ecosystems...

Cardano Alonzo upgrade

Cardano Announced the Alonzo Upgrade Date


Tech company standing behind the development of Cardano blockchain, Input Output Hong Kong (IOHK) announced the date of the Hard Fork Combinator (HFC). The event is scheduled for Sunday, September 12 at 21:44 UTC. LAUNCH CONFIRMED: Today, around 17:26 UTC we successfully submitted an update...

Solana and FTX new highs

Solana (SOL) and FTX (FTT) Hit New All-Time Highs


Today, two altcoins, Solana blockchain's native token SOL and the crypto exchange FTX's FTT hit new highs, $194.82 and $83.41 respectively. On September 6, major crypto trading platform FTX revealed that it plans to release an NFT marketplace soon. First time the FTX CEO, Sam Bankman-Fried talked...

UK FCA crypto

UK's FCA Says Crypto Regulation Can Backfire


Today, September 9, UK's Financial Conduct Authority (FCA) published the speech of Charles Randell, Chair of the FCA and Payments Systems Regulator. The release titled "Risks of token regulation", discusses several issues that the regulatory finds are present in the crypto industry. The...

Solana $150

Another New High From Solana: The Coin Surpassed $150


Having increased by around 63% in a week, the price of Solana (SOL) reached a new all-time high of $150 on CoinMarketCap. A few days ago, SOL got ahead of Dogecoin in terms of market cap. Now it's the 7th largest cryptocurrency with over $42.3 billion total value of mined coins. Solana ecosystem...