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Showing posts with the label stage

SEC chair hints at FTX comeback, while Memeinator presales enter stage 6

SEC has suggested FTX revival if it follows the rules. Memeinator has caught the attention of investors with its meme promise. Memeinator will deliver a 132% ROI in its presale . The controversial FTX exchange, which collapsed in late 2022, could be on its way to resurgence. SEC Chair Gary Gensler hinted at a possible reboot amid ongoing legal tussles. Of essence is the optimism the revival brings to a battered crypto sector. This allows quality projects like the upcoming meme project  Memeinator to thrive. But how does FTX’s  latest Cryptocurrency News impact the investment landscape? FTX reboot and what it means to the sector Gensler’s comments come when several investors declare interest in buying FTX. In an interview during the DC Fintech Week, Gensler responded in regard to FTX. “If Tom or anybody else wanted to be in this field, I would say, ‘Do it within the law.” The views of the SEC chair suggest a s...

OKX crypto exchange enters final stage of Hong Kong VASP license application

The Hong Kong regulators have only approved a handful of crypto exchanges to date that are permitted to offer crypto retail trading services. OKX crypto currency exchange has entered the final stage before acquiring a virtual asset service provider license (VASP) in Hong Kong. The crypto exchange expects the final approval for a VASP by March next year. Li Zhikai, the global chief commercial officer of OKX, in an interview, said that they are actively engaged in a dialogue with the banks and are currently waiting for the group to be issued a license and start a business. The crypto exchange has started the preparatory work such as technology docking. Hong Kong became a pro-crypto nation in 2023 and announced a licensing regime for crypto exchanges to offer their services to retail customers. While more than 80 crypto firms initially showed interest in opening an office in the country, only a couple of crypto platforms such as HashKey and OSL gained the necessary license to ...