The launch by the company, iFlytek, took place at a tech event in Hefei called “Spark Desk” and featured a full demonstration of the new system’s capabilities. Continue Reading on Coin Telegraph More
According to a May 8 report from The Korea Times, authorities with the Korea Financial Intelligence Unit are investigating Kim for trading roughly 6 billion won ($4.5 million) in crypto assets before South Korea introduced the Travel Rule in March 2022. The lawmaker reportedly said he did not cash out the assets but rather transferred them to another exchange, also claiming he was not required to report such activity.Continue Reading on Coin Telegraph More
It is not only cryptocurrencies; even the S&P 500 Index has been oscillating inside a range for the past few days. This indicates that markets are awaiting a trigger to start the next directional move.Continue Reading on Coin Telegraph More
In times like these, it is wise to drill deeper into the fundamentals that will shape future market movements. With an uncertain macro environment and a looming regulatory crackdown in the U.S., there are other notable developments that are easily drowned out by these dominant news items.Continue Reading on Coin Telegraph More
Downside volatility is greeting traders thanks to a full mempool, and explanations point the finger at multiple parties.Continue Reading on Coin Telegraph More
Cetus is a DEX and liquidity protocol built on Sui and Aptos. The IDO, which is scheduled to take place from May 8 to 10, is still ongoing despite the initial target being reached. During the IDO, 20 million Cetus tokens (CETUS) are up for grabs out of a total supply of 1 billion CETUS. Users can commit SUI in exchange for CETUS at an exchange rate of 1 SUI to 25 CETUS. The rules and token metrics of the public sale, along with the price of SUI, would place the Cetus DEX at an initial valuation of $45.8 million. Continue Reading on Coin Telegraph More
Leading Crypto Mining Platform KuCoin Pool has launched a new investment product: Mining Savings. It is a tailored fixed-income investment product catered for miners. Furthermore, KuCoin Pool offered two events in celebration of the Mining Savings launch. In detail, Mining Savings helps miners achieve steady asset growth. It will offer a maximum annual percentage of up to 3% with investment terms including 30, 60, 90, and 180 days to meet the diverse needs of users. The program is only available to users with a UID account’s BTC real-time hashrate of at least 10PH/s and a minimum investment amount of 5 BTC. KuCoin Pool has offered two events to celebrate the Mining Savings launch. These include limited-time interest-rate coupons and quiz activities. The first event is ‘Rate-Up Coupons Boost Earnings’ from May 8, 2023, to May 15, 2023 (UTC). Users can receive Kucoin Pool rate-up coupons when they successfully subscribe to Mining Savings products. These coupons can allow users to earn extra profits during the rate-up period and will be automatically activated with the products upon successful subscription by users. KuCoin Pool will provide users with different rate-up coupons based on the investment terms.Meanwhile, ‘Take The Mining Savings Quiz to Win a Share of $200’ is the second event from May 8 to May 14, 2023 (UTC). 20 users who complete the quiz will be randomly selected to win a share of $200. Users must join the official KuCoin Pool Telegram community to take the quiz. KuCoin Pool also announced that it was actively recruiting members to join its exclusive mining club. KuCoin Pool is searching for Bitcoin miners with a hashrate of over 200 PHs, a comprehensive mining farm monitoring system, and a professional O&M team. Recruited miners will gain access to KuCoin Pool’s cloud mining program and to KuCoin’s ecosystem services and VIP benefits. The post KuCoin Launches New Investment Product and Two Events in Commemoration appeared first on Coin Edition.See original on CoinEdition More
Coinbase CEO and co-founder, Brian Armstrong, and Nana Murugesan, the Coinbase VP of International & Business Development, are currently in the United Arab Emirates (U.A.E) to explore strategic opportunities in the region. This comes after the launch of Coinbase International Exchange for trading crypto derivatives.In his recent tweet on May 8, Armstrong expressed appreciation for the U.A.E’s progressive stance towards cryptocurrency. He acknowledged the country as the first to establish a specialized crypto regulator and publish a transparent rule book.Moreover, Armstrong noted the business-friendly environment and robust customer protections when it comes to the Middle East’s crypto ecosystem. He concluded that he is “really enjoying” his visit to the U.A.E so far.The crypto exchange CEO also mentioned that he had a meeting with authorities from both Abu Dhabi Global Market (ADGM) and Virtual Assets Regulatory Authority (VARA). ADGM is a regulatory authority in Abu Dhabi, while VARA regulates virtual assets in Dubai.Meanwhile, Murugesan disclosed via Twitter, that the executive team, including CEO Brian Armstrong, is currently in the U.A.E to pursue additional strategic opportunities in the region.Coinbase is collaborating with Abu Dhabi Global Market (ADGM) regulators to obtain licensing for Coinbase International Exchange, following its derivatives exchange launch in Bermuda. Additionally, Coinbase is pursuing partnerships and licenses as Dubai’s Virtual Assets Regulatory Authority (VARA) develops a retail framework for virtual assets.Furthermore, Coinbase plans to engage with policymakers, regulators, and clients to explore strategic opportunities in the U.A.E. The U.A.E is a key hub for crypto adoption in the Middle East, Africa, and India region with more than 11% of the population owning cryptocurrency.The post UAE Leads In Crypto Regulation: Acknowledges Coinbase CEO appeared first on Coin Edition.See original on CoinEdition More
