4C Newsflash of July 31

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Market Cap at 1:15 (UTC) – $271,997,439,922 billion 

Bitcoin dominance: 64.6% 

BTC $9842.56 (+2.89%

ETH $215.59 (+2.80%

XRP $0.321474 (+1.75%

South Korea tightening crypto regulation

According to Bchain, South Korea is imposing stricter regulation towards crypto exchanges. Per the article, South Korea will apply the new FATF guideline forcing crypto exchanges to disclose necessary data. Additionally, the four leading South Korea crypto exchanges: Bithumb, Upbit, Coinone and Korbit will have to renew their bank accounts to meet the requirements. Moreover, after the renewal, the banks that provide service to crypto exchanges will be holding legal liability in case of money laundering.

Kraken adds fiat funding and withdrawal

In the recent update, Kraken has added five different currencies for the users to deposit and withdrawal which are USD, EUR, CAD, GBP and JPY. To deposit into Kraken, the users will need to register with Etana Custody and link their bank account to the wallet. After finishing the process, users can wire their fund to Etana wallet then it will be quickly deposited to Kraken accounts.

Canaan Creative secretly fills for an IPO

Canaan Creative, one of the most largest Bitcoin miner manufacture is filling out an IPO in US, the news was first report by IFRAsia. Per the report, the company wants to raise $200 million through public listing after raising $1 billion in Hong Kong.

Samsung S10 adds Pundi X wallet

In the latest blog, Pundi X has announced the integration of Pundi X wallet into Samsung Blockchain Wallet. Samsung Galaxy S10 is now supporting XWallet and it allows users to make instant crypto transaction. Initially, the wallet supports the following coins: BTC, ETH, BNB, KCS NEM, KNC, QTUM and Pundi X native tokens.

Bahrain approves the first regulated crypto

Rain, a Bitmex-backed crypto exchange will be launched soon, according to their blog. The company has received the Crypto-Asset Module license from the Bahrain Central Bank right after closing their $2.5 million funding. Investors can now register their account on their website.

 


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