Crypto News: Crypto Exchanges are being ousted in the UK by both authorities and certain groups. However, the Financial Conduct Authority (FCA) has recently issued a permit to Crypto.com, allowing it specific crypto asset activities in the nation.
- Crypto.com earns FCA approval to commence specific operations while gaining Money Laundering Regulation Status.
- Crypto.com would be allowed to offer crypto-fiat currency exchanges and crypto-to-crypto exchanges.
» Crypto.com Registered as FORIS DAX UK LIMITED under FCA UK!
Binance, the leading competitor of Crypto.com, earlier obtained a license to operate in France. However, Crypto.com succeeded in obtaining a license in Singapore, being among the 14 platforms receiving approval from the Monetary Authority of Singapore.
- Crypto.com will operate under the listed title of Foris Dax UK Limited in FCA registers.
- Additional announcements are awaited regarding the launch dates and listed top cryptos.
» More Crypto News Today!
→ US Federal Bank Issues Crypto Guidance for Banks!
The US Federal Bank cautions banks and crypto firms to first-hand hold systems in place that prevent asset volatility from threatening and harming consumer protection.
- The US Federal Reserve Bank acknowledges cryptocurrencies could present potential opportunities.
- The Fed statement adds that banks should first notify Feds before engaging in crypto initiatives and crypto-related activities. Ongoing procedures should also be made aware to the Feds, if not done already.
- State Member Banks must also alert and notify state regulators before participating in crypto-activities.
- Additionally, the banks must honor any existing and active crypto laws, including determining whether specific filings and crypto activities were legally permissible.
→ Solana & Jump Crypto Create New Validator Client to Circumvent Power Outages!
Solana blockchain has an infamous reputation for being known for its power outages and temporary shutdowns in varying frequencies. To tackle such issues, the blockchain team has partnered with Jump Crypto to develop an open source validator client.
- The functioning of the open source validator client should resultantly improve throughput and add reliability.
- A press release mentions Jump Crypto will utilize C++ programming language to develop the validator client.
- The Firedancer project aims to improve the transaction rate, efficiency, and the network’s resilience.
- Solana’s market capitalization has increased to $14.96 billion from $150 million in August 2020.
Also Read: Why is Web3 Inevitable in the 2020-30 Decade?
→ Giant Bitcoin Miners lose +$1 Billion in Crypto Crash!
Three of the largest US-publicly traded Bitcoin mining companies lost billions of dollars of value in Q2 among collapsing cryptos.
- The firms, namely Core Scientific Inc., Marathon Digital Holdings Inc., and Riot Blockchain Inc., have lost $862 million, $192 million, and $366 million, respectively, by 30th June 2022.
- Competitors and notable firms like Bitfarms Ltd. and Greenidge Generation Holdings Inc. were also made to write down the valuations of their holdings.
- July 2022 marks the highest BTC selling month in the year by public miners, amounting to 6200 BTC tokens.
- The top selling month for public miners was June 2022, wherein public miners sold 14,200 BTC in contrast to producing a mere 3,900 BTC.
→ Floki Inu Token Sale via ApeSwap SLM – Treasury Bills (NFTs)!
The Floki Inu token team took to Twitter to announce its partnership with ApeSwap. Reportedly the collaboration will allow users to acquire $FLOKI tokens at a discount with the purchase of Treasury Bills under SLM.
- The yield-bearing NFTs are known as Treasury Bills, with ApeSwap’s Sustainable Liquidity Mining (SLM) program.
- The collaboration helps Floki Inu to generate protocol-owned liquidity sustainably and effectively.
- In the previous week, ApeSwap partnered with Floki Inu to harness its FlokiFi locker protocol, a new protocol preventing hacks.
Crypto Sale Today – August 17th, 2022
The top cryptocurrency prices as per crypto news sources in the global crypto market appear to favor crypto today. The following figures reflect their individual positions:
- (BTC) Bitcoin
- Average Price: $24,360.17
- 24h: + 1.43% ↑
- (ETH) Ethereum
- Average Price: $1,944.70
- 24h: + 3.39% ↑
- (BNB) Binance Coin
- Average Price: $321.79
- 24h: + 1.47% ↑
- (XRP) Ripple
- Average Price: $0.3864
- 24h: + 4.01% ↑
- (ADA) Cardano
- Average Price: $0.5754
- 24h: + 3.93% ↑
- (SOL) Solana
- Average Price: $44.45
- 24h: + 2.94% ↑