Coin circle news focus:

  • Bitget Controversy! Floki Inu project parties accuse each other

  • Coinbase launches cryptocurrency futures trading! US regulatory approval

  • PayPal UK successfully registered with the UK FCA encryption service, but with strict restrictions!

The currency circle boss said this:

  • cryptohoem: "The mistakes I made in the bull market in the past!"

Critical hit chance this week:

  • 🚀《Investing in Blockchain from Scratch》|〈Binance〉x〈Chain Apprentice〉Collaboration Lecture

Prices of Bitcoin and other cryptocurrencies | CoinGecko Top 100 Cryptocurrencies (2023.11.01 AM 08:00 ~ 2023.11.02 AM 08:00

Coin News Focus

Bitget Controversy! Floki Inu project parties accuse each other

The well-known cryptocurrency exchange Bitget has recently been involved in a dispute with the developers of Floki Inu. The reason is that Bitget accused TOKEN of being involved in market manipulation and malicious control of the liquidity of decentralized exchanges (DEX). It stated that TOKEN The currency only has a liquidity depth of $2,000, and it announced its delisting on Tuesday.

The Floki Inu project party complained, claiming that Bitget broke the agreement between the two parties without authorization and listed a "counterfeit" of the token 12 minutes before the agreed time. Floki Inu alleges that Bitget facilitated tens of millions of dollars in trading volume despite not holding any of the token in its wallet at the time. As the price of TOKEN currency rose, Bitget suffered a loss of approximately US$10 million due to not holding the asset, warning users to withdraw the token as soon as possible.

There are still many doubts in the current statement between the two parties, and Lian Xisheng will follow up on the follow-up reports for you!

 

Coinbase launches cryptocurrency futures trading! US regulatory approval

Coinbase, the largest U.S. cryptocurrency exchange, has officially launched a crypto futures trading service that includes leverage for eligible U.S. retail traders. Currently these futures contracts (contracts with an expiration date) are designed for retail traders and are sized at 1/100 Bitcoin and 1/10 Ethereum respectively.

Coinbase emphasized that futures trading provides the flexibility to hedge risks, diversify investment portfolios, leverage transactions, and speculate on market trends. In August this year, it announced that it had obtained U.S. regulatory approval and became a qualified futures commission merchant. .

 

PayPal UK successfully registered with the UK FCA encryption service, but with strict restrictions!

PayPal UK is currently officially registered with the UK Financial Conduct Authority (FCA) to provide crypto-asset-related businesses in the country. However, according to the FCA statement, PayPal will not be able to expand new users before 2024, and existing users will not be able to purchase cryptocurrencies.

It is true that PayPal UK has successfully registered, but foreign media reported that before the FCA lifts the restrictions, the development of its cryptocurrency business may continue to be restricted, which is completely controlled by supervision in disguise.

 

Other currency news

  • The decentralized exchange Hashflow will provide token stakers with transaction fee profits, or may benefit currency prices.

Full version of Lian Xi’s birthday report

Watch the boss’s views and critical attack opportunities this week

Welcome to the "Chasing Current Affairs" section of "Chain Trainee" --> "Chasing Current Affairs"!