Author: Ranjan Yadav

Thinker. Reader. Learner. Writer. Informed. Rebel.

40 out of 60 S. Korean crypto exchanges might shutdown due to regulatory non-compliance The Financial Services Commission (FSC) of South Korea sees 40 out of 60 crypto exchanges closing down due to registration obligations’ violation, per FT. Local “Kimchi” coins stand to suffer as trading them won’t be possible on exchanges—possibly bringing losses of over $2.6 billion. Instances of a lack of compliance by various exchanges worries the FSC, even after an earlier warning issued by the Financial Intelligence Unit (FIU). September 24 (2021) is the deadline for foreign cryptocurrency exchanges to register with the AML (anti-money laundering) watchdog,…

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No tax payable by foreign investors on their Bitcoin capital gains in El Salvador El Salvador Bitcoin El Salvador literally translates to “The Saviour.” As for the cryptoverse, El Salvador rather resonates to being “the Crypto Saviour.” A recent law pertaining to making Bitcoin El Salvador’s “legal tender” gave a fitting answer to crypto sceptics globally. Javier Argueta’s (President’s legal adviser) announcement on tax-free Bitcoin profits for foreign investors in El Salvador is delighting bitcoiners. In a recent interview given to AFP, Argueta quotes the following: If a person has assets in bitcoin and makes high profits, there will be…

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OpenSea’s Product Head Nate Chastian’s NFT Insider Trading penalty is still unknown Acclaimed NFT marketplace OpenSea has shared details pertaining to ex-Product Head Nate Chastian’s insider trading act. Apparently, whistleblower @ZuwuTV (a Twitter user) went on to unearth Chastian’s illegal act. @ZuwuTV accused Chastian (via tweet tagging) of insider trading by selling trending NFTs guided by prior information. ZuwuTV cemented the foundation of his tweet allegations on Chastian via posting the latter’s secret wallets’ Etherscan transaction hash. In the said controversial transaction, Nate Chastian transferred 7.136963753726174 Ether from 0x7942f48651d8c4edb40be768fa89db9d4a8637b4 to 0xa3a4548b39da96eb065ff91811ca30da40431c0d wallet. Chastian’s quantum of penalty against the NFT insider…

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AIO DeFi Leonicorn x Ulti Arena in a three-fold partnership exploring mutual efficiencies The Nature of the Partnership Leonicorn Swap partners with Ulti Arena gaming platform as they explore avenues to benefit from mutual efficiencies. The AIO DeFi platform inked a partnership with a community-driven NFT (Non-Fungible Tokens) marketplace platform for game Artists, Developers, and Players. This development would facilitate Loenicorn Swap exploring the NFT world. Partnering on a three-fold basis, Leonicorn x Ulti Arena seek cross-community exposure to enhance respective utilities of their services. Their partnership entails Leonicorn Swap to extend to its community the trading and staking for…

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CipherTrace joins the Mastercard family! CipherTrace x Mastercard: Elevating Crypto Trust Mastercard Inc. is acquiring CipherTrace with the aim of enhancing security, transparency, and trust in digital assets. Mastercard is actively marching on its mission to considerably enhance its crypto and cybersecurity capabilities. After its earlier announcement aimed at making it “simpler for partners to convert cryptocurrency to traditional fiat currency.” Mastercard goes on to acquire the world’s first blockchain forensics firm—CipherTrace. Mastercard, the American multinational financial services corporation, has not yet disclosed the sum of the purchase deal. About CipherTrace CipherTrace offers “Bitcoin, eCrime, and payment expertise collaboration to…

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C.R.E.A.M. Finance announces NFT Metaverse tokens’ borrowing and lending details C.R.E.A.M. Finance: DeFi Bridge Strategy C.R.E.A.M. Finance is actively initiating its broader strategy of bridging DeFi, NFT, and Metaverse ecosystems. Acting on its commitment to offer novel tools to the holders of tokens, NFTs and Metaverse tokens. C.R.E.A.M. Finance’s earlier announcement was pertaining to introducing a protocol-to-protocol flash loans to DeFi product via its Iron Bank. The idea was to inject capital efficiency and elevate the scope of DeFi. C.R.E.A.M. Finance is now executing the 1st phase of its strategy meant to offer to holders an access to assets’ leveraging…

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Digital Media Forensic Analysis Pro is Binance’s New Audit Director Aron Akbiyikian is Binance’s newly recruited Sr. Director, Audit & Investigations (per a September 10 Binance press release). His past experience is quite interesting to learn about with some pretty tough instances. Aron Akbiyikian is a veteran digital media forensic analysis professional. He is entrusted to safeguard the interests of Binance users and the crypto industry. Prior to Binance, Aron Akbiyikian worked as Mariposa County (California) detective. He was investigating financial crimes, cybercrime, and digital forensics. Aron Akbiyikian has also worked at Chainalysis (a blockchain data platform) as an Investigations…

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Walmart Inc’s spokesperson clarified to Reuters that the professed press release ‘was not real.’ ‘Save Money. Live Better.’ That’s Walmart for you, ladies and gentlemen. ‘Every Day Low Prices’—goes the multinational retail giant’s success mantra. Well, the crypto market took it way too seriously. Litecoin (LTC) first went zip, zap, zoom +27.4%. LTC then fell 20% (face first down the price floor) after Walmart invalidated via an official announcement the acceptance of LTC. Walmart spokesperson Randy Hargrove clarified to Reuters (moneycontrol) that the press release in question ‘was not real.’ The untrue statement purportedly alleged that Walmart approved its customers…

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BabySwap Friends—1x Multiplier Farm & Trade; Discounted MEXC Listing Fee Soon Oh, what the Baby: BabySwap’s BABY soared 190% in the 3rd week of August!! Baby is the future! BabySwap.Finance, the finest AMM+NFT DEX for newborn projects on BSC, partners with a new friend—MEXC Global. The development would allow newborn BSC projects access elevated trading volume whilst also availing better market exposure. Essentially, the partnership will facilitate access to a CEX bridge thereby benefit from profit arbitrage. BabySwap offers a more friendly trading experience and enhanced project support. Partnering with MEXC Global would open an array of avenues for the…

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MEDABOTS’ MEDACOIN (a BSC token coming to BSCPad), lists on PCS Sept. 14 MEDABOTS: $MEDA’s DEBUT & IDO Binance Smart Chain’s (BSC) first decentralized IDO platform is set to empower $MEDA—the native currency of MEDABOTS’ NFT Marketplace. Get ready to “head-start managing your MEDABOT and in-game inventory with MEDACOIN.” Listing on PancakeSwap (PCS) September 14 (2021), $MEDA’s BSCPad IDO date is September 13 (2021). MEDABOTS & MEDACOIN MEDABOTS’ MEDACOIN ($MEDA) is a new BSC cryptocurrency token allowing video-game players to manage virtual in-game (digital) goods. But that’s not all, the $MEDA token will also act as the Medabots NFT Marketplace’s…

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