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Xiaomi shares notch new high after Hong Kong, China exchanges reach agreement

“The three stock exchanges have agreed to form a joint working group to develop programs and additional rules to facilitate the inclusion of WVR companies in stock connect trading “as soon as possible,” Hong Kong Exchanges said in a release” writes Cheang Ming for cnbc.com. The development on Wednesday comes days after Chinese stock exchanges said the stock connect scheme, which links mainland markets to those in Hong Kong, would not be extended to companies with weighted voting rights structures.That followed Hong Kong Exchanges and Clearing, which operates the Hong…

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SoPay Listing on Three Major Exchanges to Create Digital Assets “Alipay”

“Furthermore, users can exchange digital assets for goods and services available in traditional offline and online businesses” reports financemagnates.com. SoPay is alive to the consumption barrier of digital assets among the gaming companies.The platform supports transaction between numerous digital assets as well as cross-platform transactions. Source: financemagnates.com Share This:

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Crypto News 

Why Bitcoin investors are prime targets for scammers – and how to avoid becoming ‘crypto-bait’

“Cryptocurrency investors who have bought Bitcoin in recent months are prime targets for hackers, causing online exchanges to beef up security measures” writes Alistair Cox for telegraph.co.uk. The influx over the last year of “inexperienced” cryptocurrency users entering the space has meant an uptick in phishing scams, cyber security company Elliptic has said.One scam in particular used Google Ads to advertise well-known cryptocurrency exchanges, Elliptic’s Tom Robinson said. According to Risk IQ’s Fabial Libeau, both new and experienced crypto investors can be “duped” by phishing attacks. Source: telegraph.co.uk Share This:

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Crypto News 

You Can Now Trade Litecoin and Bitcoin Cash on Robinhood Crypto

“You can currently trade Bitcoin, Ethereum, Litecoin, and Bitcoin Cash” reports techcrunch.com. Users in selected states can now trade Litecoin and Bitcoin Cash from the app.Given the liquidity of cryptocurrency exchanges, there’s always some spread.Unfortunately, Robinhood doesn’t let you manage your wallet addresses.First, Robinhood is only available in the U.S. if you want to trade stocks, ETFs and options. Source: techcrunch.com Share This:

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Crypto News 

Indian Crypto Exchanges Find a Legal Loophole to Survive–For Now

“The trouble began in April, when the Reserve Bank of India (RBI) originally placed a ban on crypto trading that stopped banks from being able to provide services to cryptocurrency exchanges” reports financemagnates.com. Local cryptocurrency exchanges affected by regulations restricting fiat-to-crypto trading have found a way survive and even continue to be profitable, according to a Quartz report.Then, Quartz reported that the RBI refused to lift its ban and demanded that Indian lenders “terminate all banking relationships” with the exchanges by July 5th.Still, the exchanges aren’t completely ‘in the clear’–because…

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Crypto News 

Vitalik Buterin Thinks Centralized Exchanges Should…

“Buterin expressed his disgust at centralized exchanges like Coinbase charging listing fees in the millions of dollars for a particular token to be listed” writes Jeffrey Francis for livebitcoinnews.com. At a recent conference, he said that centralized exchanges should “go burn in hell as much as possible.” Ever since cryptocurrency first launched, there has been remarkable tension between centralization and decentralization.Not mincing words, Buterin said: A great deal of the discussion focused on centralization versus decentralization in the cryptocurrency ecosystem.One facet of the conversation that caused Buterin to offer some…

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Crypto News 

India’s Cryptocurrency ‘Ban’…

“What do you think about exchanges turning to crypto-only trading as well as rising P2P trading?” writes Jp Buntinx for livebitcoinnews.com. Back in April, the RBI made it clear they do not want banks to conduct any business with cryptocurrency firms.Crypto-only and P2P trading are two valid business models at this stage.Introducing escrow services will bring more legitimacy to P2P trading.Centralized cryptocurrency exchanges offer a high degree of convenience. Source: livebitcoinnews.com Share This:

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Vitalik Buterin Would Like Centralised Exchanges to “Burn in Hell”

“Ethereum founder Vitalik Buterin does not like centralised exchanges” reports financemagnates.com. Another negative of centralised exchanges is that they to some extent control the success of a given token.Similarly, cryptocurrency exchanges like Binance, Huoni and Coinbase offer a platform for people to trade cryptocurrencies amongst themselves.Buterin argued that centralised exchanges do have a place, despite their issues.Speaking to TechCrunch columnist Jon Evans at an event in Zug last week he said: “I definitely personally hope centralised exchanges burn in hell as much as possible.” An exchange is a central venue…

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Crypto News 

‘I definitely personally hope centralized exchanges burn in hell:’ Ethereum founder blasts the most powerful players in crypto

“I definitely personally hope centralized exchanges burn in hell as much as possible,” Buterin said speaking to TechCrunch” writes Frank Chaparro for businessinsider.com. Vitalik Buterin, the 24-year-old founder of the cryptocurrency Ethereum, had some choice words for centralized crypto exchanges.Notably, one-third of centralized crypto exchanges have been hacked, according to JPMorgan. And venture capital investors tell Business Insider decentralized exchanges have been a hot investment idea recently.Nearly 10 years later, the centralized exchanges — those folks sitting in the middle of buyers and sellers — are among the most powerful…

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Crypto News Stocks 

The Winklevoss twins have hired a top New York Stock Exchange exec to their crypto exchange

“An executive from the iconic New York Stock Exchange is joining the Winklevoss’ twins cryptocurrency exchange, the company announced Friday” writes Finanzen Net Gmbh for businessinsider.com. He will be charged with overseeing the exchange’s use of Smarts, the market surveillance technology it is using from exchange-operator Nasdaq. Both Gemini and Coinbase have been building out their exchange venues to look more like established stock trading venues.Previously Cornish worked at ISE Holdings, a securities exchange owned by Nasdaq, as CIO. News of Cornish’s hire comes soon after rival Coinbase hired Peter…

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