Lulo Invest Newsletters August 04, 2023
Welcome to our 18th newsletter edition!
Binance did monthly transactions worth $90 billion in banned China market, Wall Street Journal reports
Binance users traded cryptocurrency-related assets worth $90 billion in a single month in China, where such trading has been illegal since 2021, the Wall Street Journal reported, citing internal figures, and current and former employees of the exchange.
www.reuters.com/technology/binance-did-monthly-transactions-worth-90-bln-banned-china-market-wsj-2023-08-02
Kenya halts Worldcoin amid clamour for free money - BBC News
The authorities say they have data privacy concerns over Sam Altman's new cryptocurrency project.
www.bbc.com/news/world-africa-66383325.amp
Coinbase revenue beat estimates, executives expect to win battle with SEC
Coinbase Global beat second-quarter revenue expectations on Thursday on higher interest income while its executives said the crypto exchange expects to win its legal battle with the U.S. securities regulator.
www.reuters.com/technology/crypto-exchange-coinbases-revenue-falls-trading-volumes-remain-muted-2023-08-03
G20 President India Publishes Its Input for Framing Global Crypto Rules
India's presidency note on crypto is an effort to have its suggestions included in the framing of global crypto rules.
www.coindesk.com/policy/2023/08/02/g20-president-india-publishes-its-input-for-framing-global-crypto-rules/?outputType=amp
In a First For Hong Kong, HashKey Exchange Awarded License to Serve Retail Customers
HashKey will now be able to offer cryptocurrency trading services for retail investors in Hong Kong.
cryptopotato.com/in-a-first-for-hong-kong-hashkey-exchange-awarded-license-to-serve-retail-customers/?amp
Nomura’s Crypto Arm Gains Operating License Approval in Dubai
Laser Digital will start its trading and asset management business in the coming months.
www.coindesk.com/business/2023/08/01/nomuras-crypto-arm-gains-operating-license-approval-in-dubai/?outputType=amp
Ukraine claims $81m tax gap from unregulated crypto exchanges
Ukrainian authorities allege crypto exchanges have evaded over $81 million in contributions to the national budget over the past ten years
crypto.news/ukraine-claims-81m-tax-gap-from-unregulated-crypto-exchanges
Tel Aviv Stock Exchange to offer crypto services via Fireblocks pact
Tel Aviv Stock Exchange has signed an agreement with the digital asset platform Fireblocks to jointly offer a range of new digital asset products and services.
cointelegraph.com/news/crypto-fireblocks-tel-aviv-stock-exchange-to-offer-crypto-services-via-fireblocks-pact
Nigerian SEC Calls Binance Operations Illegal in the Country
The Nigerian SEC has asked citizens not to engage with any crypto trading platform like Binance, not registered and regulated by them.
coingape.com/nigerian-sec-calls-binance-operations-illegal-in-the-country/amp
Cryptocurrency regulation comes into force in Brazil
Brazil established its central bank as the regulator of the cryptocurrency economy, potentially a first step toward broader regulation.
www.fintechnexus.com/cryptocurrency-regulation-comes-into-force-in-brazil
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