Crypto exchange Huobi can begin offering cryptocurrency exchange services in Australia after its registration as a digital currency exchange provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC) on Aug. 1. This means Huobi can now offer fiat to cryptocurrency trading services in the country. Cointelegraph has reached out to Huobi to ascertain whether
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Former chancellor Rishi Sunak on Monday rejected claims that he represented “stale economic orthodoxy” in the Tory leadership contest, claiming his rival Liz Truss was instead wedded to old-school thinking on business taxation. Truss, foreign secretary, has claimed that Sunak represents the continuity of failed policies and that his adherence to Treasury orthodoxy led him
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In a letter addressed to the CEOs of financial institutions, the Central Bank of Kenya (CBK) has said financial institutions operating in the country must cease and desist from dealing with two Nigerian fintechs, Flutterwave and Chipper Cash. The letter reiterates the CBK governor Patrick Njoroge and the Asset Recovery Agency (ARA)’s assertions that the
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With the ultimate goal to regain investor confidence amid a prolonged bear market, crypto derivatives exchange Bitget launched a $200 million fund to safeguard users’ assets. Bitget joins the growing list of crypto companies, such as Binance, that have taken an investor-centric approach to gain investors’ trust via protection funds. The Bitget Protection Fund comprises
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Binance CEO Changpeng ‘CZ’ Zhao has highlighted the shortcomings of segregated cryptocurrency markets after recent talks with governments from different countries. The global cryptocurrency exchange’s CEO has become increasingly involved in policy discussions with various governments as Binance continues its global expansion. Binance most recently obtained a license to operate in Spain, Italy and Dubai
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European shares and US stock futures kicked off the month on a lacklustre note, as disappointing Chinese factory data muddled the economic outlook. Following a rebound for beaten-down global equities in July, as markets responded to an economic slowdown by anticipating that high rates of inflation would ease, Europe’s regional Stoxx 600 share index edged
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Zoom into the “where we are” map on Automattic’s website, and you’ll search in vain for an “our headquarters” icon. The large but low-profile tech company behind WordPress and a host of other open source software has people working for it from Ghana to Greece, from San Diego to Seville. But its 2,031 staff, in
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Charles Schwab’s $655 billion asset management arm is launching its first crypto-related exchange-traded fund (ETF). The new fund is expected to start trading this week on the NYSE Arca exchange. Charles Schwab Launches Its First Crypto-Related ETF Schwab Asset Management, a subsidiary of The Charles Schwab Corp., announced last week the launch of the Schwab
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