The Shanghai Stock Exchange (SSE) is the largest in mainland China. The market trades stocks, funds, bonds and derivatives from a large number of listed companies. This page will break down how the SSE works, along with its various indices, rules and requirements. It will also detail how you can start trading on the SSE, with tips to help you get going. A list of the top brokers for trading on the Shanghai Stock Exchange is provided below.To get more shanghai stock news, you can visit shine news official website.

What Is The Shanghai Stock Exchange?
The Shanghai Stock Exchange (SSE) is a stock exchange based in the city of Shanghai, China. It is the largest stock exchange in mainland China and the 4th largest in the world, with a market capitalisation of USD 6.98 trillion in 2020 and a daily trading volume of around USD 17.86 trillion. The SSE is a non-profit organisation that is managed and administered by the China Securities Regulatory Commission (CSRC).

The Shanghai Stock Exchange Composite (also known as the SSE Composite or Shanghai Composite) Index is the most common indicator used to reflect the performance of the SSE market. This is an index of all the stocks that are traded on the Shanghai Stock Exchange, of which there were over 1,800 in January 2021.
The market for shares and securities first appeared in Shanghai in June of 1866. At this point, Shanghai's International Settlement developed everything required for a thriving stock market: several banks, legal frameworks for joint-stock companies and interest in diversification.

The following years were rocky for the market, there were several crashes caused by credit and banking crises. In 1891, during a boom in mining shares, the "Shanghai Sharebrokers' Association" was founded by foreign businessmen, headquartered in Shanghai. In 1904, the association applied for the market to be renamed the Shanghai Stock Exchange.

1920 and 1921 saw the formation of the Shanghai Securities and Commodities Exchange and the Shanghai Chinese Merchant Exchange, both of which were merged into the Shanghai Stock Exchange in 1929.

The market closed on 5th December 1941 when Japanese forces occupied Shanghai. The exchange was briefly reopened in 1946, although it only remained this way for 3 years until the communist revolution in 1949 shut it down.

Recent History
The Shanghai Stock Exchange as we know it today was re-established on 26th November 1990 following years of cultural and economic revolution within the People's Republic of China. Trading operations began a few weeks after this, on 19th December.

In 1997, it was decided by the State Council of China that the Shanghai Stock Exchange would be managed directly by the China Securities Regulatory Commission (CSRC). A rough period from 2001-2005 saw the market's value halve, after peaking in 2001. This saw new rules put in place as well as a ban on new initial public offerings (IPOs). Full operation was resumed in 2006 after the ban was lifted.

2007 and 2008 saw a period of frenzy as China's stock exchange temporarily became the world's second-largest stock exchange. This culminated in the Shanghai Composite Index reaching an all-time high of 6,124.044 points on 16th October 2007. However, the annual report at the end of 2008 had the index down a massive 65%, largely because of the impact of the global economic crisis.

In 2019, the Shanghai Stock Exchange launched the STAR Market (officially the Shanghai Stock Exchange Science and Technology Innovation Board). The STAR market featured only technology-related companies and was touted as a direct rival to the US' NASDAQ market.

There are two main classes of stocks on the Shanghai Stock Exchange, A shares and B shares. These differ both in the currency they are quoted in and their accessibility for investment.

B-shares are quoted in US Dollars (USD) and are open to foreign investment. On the other hand, A-shares are quoted in the Chinese Yuan (CNY) and are only available to foreign investment through a qualified program known as QFII.

A QFII is a Qualified Foreign Institutional Investor. This is a program that allows international investors, with the correct license, to invest in major Chinese companies. Before the program was introduced in 2002, investors from other nations were not permitted to buy or sell stocks on any of the Chinese exchanges.

Much of the market cap of the Shanghai Stock Exchange is made up of former state-run companies like the major Chinese banks and insurance companies and you won't find popular foreign stocks like GameStop on there. In fact, many of the companies have only been trading on the SSE since 2001 following reforms to companies.

On April 28, as part of the spring meetings, International Finance Forum (IFF) joined hands with Central Asia Regional Economic Cooperation Institute (CAREC Institute) to host an event to celebrate the 30th anniversary of the establishment of diplomatic ties between China and five Central Asian countries.To get more finance news China, you can visit shine news official website.

With the theme of "New Global Landscape: Green Silk Road Cooperation in Central Asia," experts and leaders from the regions had a constructive discussion about climate change, energy transition and how countries could further work together to accelerate efforts on green innovation.

"This year marks the 30th anniversary of the establishment of diplomatic relations between China and Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Turkmenistan," Yu Hongjun, former Ambassador Extraordinary and Plenipotentiary of the PRC to the Republic of Uzbekistan, said in a keynote speech.

Yu added that China is expecting an even brighter growth outlook when it comes to the development of multi-national initiatives in the region.

Also at the event, Syed Shakeel Shah, Director of the CAREC Institute, said that China and the five Central Asian nations have laid a firm foundation for future bilateral cooperation, and that the CAREC Institute is making efforts to boost development and interconnectivity in the region.

Specifically, Syed Shakeel Shah pointed out that the Central Asian region is facing severe challenges brought by climate change and countries are in need of greater financial support through the development of green finance. To build a future with inclusive growth, governments and corporations must work together, he added.Meanwhile, Hu Xinglan, Principal Regional Cooperation Specialist of Central and West Asia Department of Asian Development Bank, shared the "CAREC 2030" strategy, a mission to create an open and inclusive regional cooperation platform. CAREC 2030 prioritizes five operational clusters from economic and financial stability to human development, encompassing both traditional and new areas of cooperation in the region.

Jointly formed by China and Central Asian nations, the CAREC Institute is an intergovernmental organization dedicated to promoting economic cooperation in Central Asia and along the Silk Road through knowledge generation and sharing. It now has 11 member countries, aiming to accelerate the economic management capacity of the countries and promote regional connectivity.

Recent tensions in China's real estate market have highlighted the risks inherent in the country's highly leveraged corporate sector. These risks have been building up for some time, as high investment rates have coincided with high levels of debt accumulation. Moreover, the source of debt has moved beyond the traditional banking sector, with non-bank financial institutions providing financing which is less stable and more susceptible to sudden changes in investor sentiment. In addition, tensions in large corporate sectors could be transmitted to the rest of the economy through a number of channels. These channels include households, which are themselves increasingly leveraged and whose wealth is significantly exposed to the real estate market. A wider Chinese growth slowdown could, in turn, have global repercussions, given the size of the Chinese economy, its important global trade linkages and the central role it plays in international commodity markets. Against this backdrop, this article will review the rise in financial risks in China's economy stemming from increasing private sector leverage, the interconnectedness between the financial and non-bank financial sectors, and households' rising debt exposures.To get more shanghai stock news, you can visit shine news official website.

Recent stress in the real estate sector has highlighted the tension in China's corporate sector between high rates of growth and high leverage. As the world's second largest economy, China has accounted for around one-third of global GDP growth over the last decade (Chart 1) while, at the same time, its share of global credit to the non-financial sector has increased from around 8% to 20%.
] To some extent, this reflects the contribution made by investment spending as one of the main drivers of growth. However, the recent turmoil in China's real estate sector and the payment difficulties experienced by several large Chinese property developers, such as Evergrande, illustrate the risks inherent in the high leverage, high growth and, ultimately, highly interconnected business model that is widespread among Chinese corporates, and real estate developers in particular.

At the same time, a significant proportion of debt financing originates outside the banking sector. China's debt-to-GDP ratio for the entire private sector now stands at over 250% (Chart 2). Given that the corporate component of this debt is the highest in the world, the banking regulations introduced by the Chinese authorities have increasingly placed limits on the provision of credit to highly leveraged corporates. While China's financial system remains largely bank based, a significant proportion of funding is supplied to the corporate sector by non-bank financial institutions. The so-called shadow banking sector facilitates corporate financing that can circumvent capital constraints and credit regulations. Moreover, investors commonly expect an implicit guarantee for returns on investment products issued by the shadow banking sector. Despite the fact that contracts clearly state that returns are not guaranteed, both individual and institutional investors assume that the issuing financial company and, in some cases, the local or central government, will make up any shortfall if the investments do not deliver the targeted returns.
] This leads to a significant underpricing of risks, which results in investor sentiment towards these products being subject to sudden change if a significant shortfall materialises. While the macroprudential regulations adopted by the authorities since 2015 have curbed the growth of shadow banking, its level of outstanding assets remains significant in size and continues to pose risks to the financial system. Moreover, large fintech companies are providing new sources of debt financing to the economy, thereby presenting new and additional challenges to the regulatory efforts made by the authorities to reduce leverage in the Chinese economy.

Finally, households could increasingly amplify the impact of corporate stress on the broader economy. For instance, household wealth is increasingly dependent on real estate market developments, and risks which materialise in the corporate sector could spill over to household wealth and, therefore, consumption. Similarly, wealth products provided by the shadow banking sector to households intertwine non-bank financial sector and household risks. As the level of household debt has been rising sharply in China, the interdependence of risk exposures in the private sector has given rise to systemic risks in China that could have adverse spillover effects, both domestically and internationally.
Considering China's global interconnectedness, developments in the country are important for the global economy. The stress in China's property sector has reverberated beyond its borders. Reports of Evergrande's liquidity distress intensified around mid-September (Chart 3, panel a), when the developer reportedly missed the payment deadline on a number of bonds, triggering risk-off sentiment in global financial markets. Global equities fell, temporarily, by around 2-3%, credit spreads widened, and indicators of investor uncertainty rose steadily against a backdrop of flight-to-safety considerations. In addition, metal and oil prices declined, highlighting potentially reduced demand for commodities resulting from a slowdown in real estate activity in China (Chart 3, panel b). While the global spillovers proved to be short lived, in part due to the belief that the Chinese government would take action to mitigate adverse spillovers within its own economy, real and financial shocks in the world's second largest economy have global repercussions. The ECB reported, in the May 2018 and May 2021 issues of its Financial Stability Review, that China's weight and systemic relevance in the global financial system is increasing - even if the country remains relatively isolated financially.[
] Against this backdrop, this article will review the rise in financial risks in China's economy deriving from increasing private sector leverage, the interconnectedness between the financial and non-bank financial sectors, and households' rising debt exposures.

A SoftBank-owned company is thriving by offering face-recognition technology fuelled by a blacklisted Chinese firm to the likes of Mastercard and Visa, an opportunity for the Japanese conglomerate, fraught with geopolitical and privacy risks.To get more finance news China, you can visit shine news official website.

Japan Computer Vision Corp (JCV), owned by SoftBank Group Corp's wireless unit, has struck deals on payments in recent months, a potential breakthrough for SoftBank founder Masayoshi Son's dream of driving new business through partnership between his tech investments.

If JCV sustains its expansion, it could become a standout example of SoftBank creating synergies with portfolio companies - a key part of Son's sales pitch to the tech industry.

But the surge faces risks as the facial-scanning system it offers to U.S. heavyweights Mastercard Inc and Visa Inc uses technology from SenseTime Group, a Chinese firm blacklisted by the United States over human rights concerns.

The JCV-SenseTime partnership highlights SoftBank's difficult balancing act as Son tries to position his conglomerate as a neutral player even while tensions mount between two key markets, the United States and China.

The billionaire said last month SoftBank is taking a cautious approach towards China due to a regulatory crackdown there that has roiled its portfolio.JCV said it keeps SenseTime and the credit card companies at arm's length - the Chinese firm is a technology partner with no access to Mastercard's and Visa's systems or data.

Mastercard said all of its biometric-checkout programme partners must adhere to European Union standards of data protection. Visa said it is working to define the use of biometrics in payments and believes such technology can help ensure a secure system.JCV's rapid expansion also faces privacy concerns from regulators and consumers as facial-recognition technology goes mainstream. SenseTime's shares plunged 50% last week with the end of a lock-up period after its initial public offering.

SenseTime told Reuters it aims to strengthen the partnership with JCV, which it believes will benefit businesses, and that the company has established an ethics council to ensure standards.

JCV said its technology is audited by a third party, Israeli cybersecurity startup CYE, to check for risk of data leakage and the company asks users to opt in to pay-by-face systems and allows them to opt back out.

"Offering the consumer those controls are really what's required to make this a very mainstream technology," said JCV CEO Andrew Schwabecher. SoftBank declined to comment.While there is no suggestion JCV is breaching any restrictions, the use of SenseTime technology reflects the limits of U.S. blacklisting in hobbling the expansion of Chinese technology.

JCV also sells body temperature scanners using the technology to retailers such as Fast Retailing Co's Uniqlo fashion chain and mall operator Aeon Co. It has shipped over 20,000 devices in Japan that scan more than a million faces daily.

"SenseTime's algorithm is absolutely the best, we've evaluated almost every one," JCV's Schwabecher told Reuters, citing its ability to identify customers even when the face is partially obscured by a mask or a hand.Fast Retailing said its temperature scanners do not store or transmit any of the information they capture. Aeon declined to comment.

JCV has built a software platform to run the SenseTime algorithm, which it says ranks highly in the U.S. government's own tests for its low error rate. JCV operates the system from Japan.SenseTime's algorithm analyses over 200 facial locations and the distance between them to create a digital key. JCV uploads the unique signature to the cloud, allowing users to authenticate payments using their face.Schwabecher said other companies will likely catch up with SenseTime, and JCV plans to offer alternatives on its platform in the future. "In two to three years, which vendor's algorithm you're using is probably not going to matter as much as it does today."

Uptake of facial scanning tech would allow greater personalisation of services, from targeted ads to offering customers their favourite burger at a food restaurant or suggesting a destination on getting in a taxi.

Kripto kini makin banyak diminati masyarakat di berbagai negara. Meski demikian, hingga kini tidak banyak situs di Internet yang member informasi lengkap tentang proyek kripto hingga data bursa.To get more news about WikiBit App, you can visit wikifx.com official website.

Saat ini, WikiBit jadi website kripto lengkap berskala global. Bahkan, WikiBit juga punya kantor perwakilan di Indonesia. Bagi anda yang ingin mencari informasi bursa kripto dalam dan luar negeri, WikiBit tepat untuk anda.

Di dalam WikiBit, ada informasi tentang Kriptoin dari 'shitpoin' hinggan informasi lengkap terkait regulasi, keamanan dan kredibilitas.

Bagaimana pula proyek blockchain yang tidak memiliki lisensi, ilegal di mata sejumlah negara bahwa sudah berhenti beroperasi? Semua itu bisa Anda temukan di WikiBit.Intinya, ensikolpedia pecinta kripto dan layak dijadikan panduan sebelum mengambil keputusan. Informasi di direktorinya juga terus diperbarui tiap dua pekan.

Wikibit mengklaim tak hanya mengumpulkan data dari beragam sumber secara manual. Wikibit juga memadukan dengan teknologi "sniffing" yang canggih agar data lebih akurat sebelum disajikan.Bermarkas di Hong Kong, Tiongkok, Wikibit juga berkantor cabang di Australia, Indonesia, Vietnam Thailand dan Siprus.

WikiBit mengklaim telah mengumpulkan ribuan data terkait kripto, termasuk 5.837 pengelola bursa kripto, data 8364 kripto (coin dan token) dan berjubel data dari 26 regulator lintas negara. Selain dalam format situs web, WikiBit juga bisa diakses di ponsel Anda.

People are genuinely interested digital assets, and how to buy cryptocurrencies, and cryptocurrency exchanges are no longer the showcase product that they once were. The cryptocurrency industry will seem very different tomorrow compared to how it does today. It progresses and improves itself each and every day, which provides Cryptopreneurs with the opportunity to educate themselves and improve their view on more topics, such as Liquidity.To get more news about crypto currency liquidity, you can visit wikifx.com official website.

In this article, Traders Union experts discuss the significance of liquidity in crypto exchanges. We have high hopes that once you have finished reading this post, you will check out the trading facilities and security aspects of cryptocurrency exchanges (recommended in the Traders Union article) in addition to looking into the liquidity of these markets.
Why is Liquidity Important in Cryptocurrency Exchange?
In the world of finance, liquidity is an absolutely necessary component, and there is no question that enough liquidity can naturally foster a sense of trust among market participants.

Stability
The presence of liquidity makes the market more stable and protects traders and cryptocurrency exchanges from the effects of price swings. There is no impact on the asset from the participation of significant market actors. For example, the purchase and sale of Bitcoin in large quantities may have a minimal effect on the price of Bitcoin; however, the purchase and sale of other altcoins in large quantities may have an effect on the price of the altcoin. The additional benefit that Stability offers is prediction. Traders have the ability to predict future prices in the market.
A fair and equitable pricing for all market participants is ensured by sufficient liquidity. A large number of buyers and sellers account for the reasonable pricing that has been established. An asset that has a high volume of trading activity allows sellers to sell it at a competitive price, and buyers tend to stick to it as a result. This results in the establishment of a stable equilibrium, which is an absolutely necessary condition for a successful market. Crypto exchanges, for example KuCoin (learn more in the KuCoin review) are able to offer some unique price points.

Swift Transactions
A high level of liquidity is also an indication that there are a greater number of traders, which means that both the purchase order and the sell order will be filled more quickly than in an environment with low levels of liquidity. The trading pace is definitely increased as a result, which contributes to an improved user experience. For instance, Binance offers great transaction speed to its users.
Accuracy for Technical Analysis
The quality of the data directly correlates to the reliability of the prediction. Therefore, Liquidity provides a substantial amount of data for accurate calculation.

How to Measure Liquidity?
When determining how to measure liquidity, there are a plethora of aspects that must be considered. Suppose you are interested in learning about the liquidity of a particular asset. Examining the 24-hour trading volume on websites like coinmarketcap is the most effective method that can be put into practice.

Finding liquidity in practical ways helps you identify when to trade and what to trade precisely, which in turn contributes to more effective trading. Not all assets have the same trading volume, so finding liquidity can be challenging. You may learn more about the liquidity of cryptocurrency exchanges by using the same 24-hour trading volume.

The first cryptocurrency continues to grow amid alarming news about the possible collapse of the U.S. banking system. How to secure your assets, what to expect from regulators in 2023, and when the crypto winter will end - you can discuss these and other industry-related topics at one of the events devoted to crypto, blockchain, and the Web 3.0 sphere. CoinsPaid Media has prepared a list of April's most interesting, significant, and large-scale cryptocurrency events.To get more news about crypto events, you can visit wikifx.com official website.
CODEstantine is the largest conference for experienced developers, held annually in the south of Serbia. Leading industry experts will share their experience and knowledge and talk about the latest technological trends. In particular, they'll discuss cybersecurity, programming languages, and other issues relevant to the blockchain industry.

This annual event brings the global NFT community together under one roof to exchange ideas and initiatives and discuss blockchain technologies that could change the world soon. Industry leaders, developers, gamers, investors, and collectors will participate in workshops and panel discussions and discover many unique NFT projects.

AIM Summit has been the leading alternative investment management summit since 2015. This AIM Summit features in-depth panel discussions, expert sessions, presentations, and informal chats about the opportunities and developments in the world of alternative investments, including private equity, venture capital, private debt, hedge funds, real estate, digital assets, FinTech, and blockchain.

At Web3 Con Canarias, entrepreneurs, investors, developers, and opinion leaders will discuss trends, technologies, and business models to support the growth of the Web 3.0 ecosystem. The event will include workshops and a pitch competition for Web3 startups and conclude with a large party.

IFGS 2023 will bring the entire FinTech community under one roof for a two-day discussion on the services and solutions that will ensure economic growth and sustainability for the global economy.

Since 2017, Instant Payments Summit has toured all over Europe, and it returns to Frankfurt this spring. More than 25 invited speakers will perform at the conference. They'll talk about the current state of the payments market in the Nordic countries and share news about the European Payments Initiative (EPI) and PAN European Payments.

Financial Wellness Pitch Day is an excellent opportunity for FinTech startups to express themselves, hear valuable advice from an expert jury, and discover new investment opportunities. The winner of the pitch day will receive a cash prize of $10,000 for further development of the projects.

The RSA Conference is a global conference and a provider of unique year-round cybersecurity content. The event will feature over 500 traditional and interactive sessions, practical trainings run by CSA, FAIR Institute, (ISC)2, and InfraGard National Members Alliance, and invited experts to share their expertise in cybersecurity.

Getting a token listed on the world's largest Centralized Exchange is a milestone achievement for any crypto project, and typically leads to a major boost in market capitalization. But what Binance gives, it can take away.To get more news about BINANCE, you can visit wikifx.com official website.

The recent announcement from Binance that it was delisting several tokens sparked outcries from the projects and responses from Binance CEO Changpeng Zhao (CZ) himself.The yield aggregator platform was once the largest on BNB Chain and at one point in April 2021 had a peak $2 billion in Total Value Locked, according to DefiLlama. Now its TVL is at $21 million across several chains.

The market cap of $AUTO once reached nearly $200 million in February 2021 but sat below $20 million for most of 2022 and after a sharp decline since the Binance announcement, now is at just above $10 million.

The other tokens losing their Binance listing are $QLC from Kepple (formerly QLC Chain) and $NEBL from Neblio.The Kepple team reacted to the announcement with dismay, saying they had been waiting on Binance's due diligence decision "for weeks" as Kepple is swapping the QLC token for KPL.

Kepple managed to bring its concerns to CZ's attention, exchanging replies on Twitter. CZ said Binance does not pre-notify projects that their tokens are being delisted, but makes the announcement at the same time to all users.CZ continued on to say that, in Kepple's case, he was told the project had stopped actively developing and was " recently "sold" to a different project, which currently do not meet our listing standards."

Binance positions itself as the world's leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.

Cryptocurrencies have quickly become a hot investment that is gaining mainstream adoption. Markets for digital currencies such as Bitcoin (BTC -0.1%) were virtually unheard of in 2012, but it has since grown into a massive industry.To get more news about best crypto exchange, you can visit wikifx.com official website.

The cryptocurrency sector reached a peak market value of $3 trillion in fall 2021. The sudden surge in value and rapid evolution created immense wealth for early crypto investors. As a result, there is huge interest in finding and investing in the next cryptocurrency unicorn.

With more than 20,000 different cryptocurrencies on the market -- and the world having been pushed further into the digital realm by the COVID-19 pandemic -- investing in technologies linking the digital blockchain space with society could be even more lucrative than guessing which token will become the next Bitcoin or Ethereum (ETH -0.09%). And there is no shortage of innovative companies trying to bridge the gap between the two.
The original idea behind blockchain technology -- a digital ledger that automatically tracks transactions between parties and confirms ownership of a crypto asset -- was to create a borderless, peer-to-peer electronic cash payment system that's efficient and secure.

Investors can certainly purchase cryptos themselves, perhaps by buying small amounts of several different cryptocurrencies. But a better way to gain exposure to the sector is to invest in bigger and more established companies that benefit from the increased popularity of blockchain and crypto assets. The revenue that crypto service providers are deriving from blockchain tech has explosively grown over the past few years.

Companies that adopt blockchain technology, especially in finance, may gain a considerable edge over traditional competitors in processing payments. And brokers offering digital assets may attract more customers than exchanges offering traditional assets such as stocks and bonds.

However, the sector is subject to sharp market swings. Its peak value of $3 trillion slipped to less than $1 trillion in June 2022 as rising inflation drove many investors away from high-risk investments. This was not the crypto market's first gigantic plunge, and it probably won't be the last. Every investment is subject to risks, and you should only invest money you don't need in the short term. That guidance is even more important in the highly volatile crypto sector.
The Coinbase platform's success has been contingent on the increase in crypto prices, which in turn has led to millions of new users creating accounts. Coinbase earns a small transaction fee whenever someone buys or sells a cryptocurrency. But the company aspires to be more than just a place to trade. It also sponsors a debit card that allows consumers to spend from the balance in their digital wallet, and it's launched a cloud platform for companies using and storing digital currencies.

Coinbase offers two game-changing innovations. The first is bringing the practice of asset loans -- which were previously only available to affluent investors -- to the masses. Users can pledge their Bitcoin or other cryptocurrencies as collateral and receive a low-interest loan to cover expenses. Using crypto as collateral means investors don't have to sell their assets when emergencies arise, allowing their principal to continue compounding while they deal with matters at hand.

The second innovation is the rising adoption of Coinbase's blockchain analytics by governments and financial institutions. Because most blockchains operate on a public ledger, the company can harness and monitor the data for illicit transactions and wallet addresses.

Suppose hackers managed to break through an individual's computer and demand ransom in the form of Bitcoin to unlock the machine. In that case, Coinbase could then match the hacker's wallet address with millions of know-your-customer (KYC) data points stored on its platform. This could help law enforcement track down the flow of funds and apprehend the cybercriminals -- building greater trust in the crypto space.

When Brian Armstrong and Fred Ehrsam launched Coinbase more than a decade ago, they made an unconventional choice for a startup in the libertarian-leaning cryptocurrency market: They would embrace, not reject, regulation.To get more news about Crypto currency market, you can visit wikifx.com official website.

In the five weeks since the Gary Gensler-led Securities and Exchange Commission warned that it was poised to bring charges against the company, Coinbase - the largest U.S. crypto exchange - has gone on the offensive.
Armstrong, the chief executive, has threatened to move Coinbase out of the U.S. The company brought aboard corporate America's go-to SEC challenger, former Labor Secretary Eugene Scalia, to lead a lawsuit against the agency filed on April 24. And, just days later, Coinbase took the rare step of publicly releasing its official rebuttal to the SEC, in which the company called itself "a well-resourced adversary."

"The reality is that the law today does not apply to vast swaths of the digital asset market," Coinbase Chief Legal Officer Paul Grewal said Thursday in an interview. "We don't relish the opportunity to be in court with an important regulator, the SEC. But we will stand up for the rule of law as it currently exists, not just for Coinbase but the entire industry."

Coinbase's blitz against the SEC offers a prelude to what could be the crypto market's biggest showdown yet. Over the last two years, the two have been locking horns over the exchange's operations and crypto regulation more broadly. Yet if the SEC brings charges as expected, the case would represent the biggest test to date of Gensler's tough stance toward the $1 trillion crypto market as well as a potential threat to Coinbase's business - and the crypto market's future in the U.S.Under Gensler, who was sworn in as chair just days after Coinbase went public two years ago, the SEC has been aggressively cracking down on the crypto market's gatekeepers. But the enforcement campaign took on new speed after Sam Bankman-Fried's FTX, the once-lionized crypto exchange, collapsed late last year.

Since then, the SEC has brought a range of crypto-related cases against everyone from celebrities like Lindsay Lohan to digital asset giants such as Gemini and Kraken. Its campaign has been part of a broader and relatively new skepticism toward crypto in Washington. Lawmakers have hit pause on some crypto legislative efforts, bank regulators have ratcheted up their warnings about the market and the Commodity Futures Trading Commission even recently went after Binance, the world's largest crypto exchange.

Coinbase has long been seen in crypto circles as a leader in regulatory compliance after acquiring an array of state and federal licenses in its early days. But the SEC's expected charges against the company signal that few are immune from Gensler's crackdown.

In the agency's so-called Wells notice to the company, the SEC indicated that it was preparing a "kitchen sink" of charges against Coinbase's businesses, said J.W. Verret, a law professor at George Mason University. That includes its staking service, wallet product and the exchange itself, which represents a pillar of Coinbase's business that generated about 74 percent of total revenue in 2022.

Gensler says much of the crypto market consists of tokens that are akin to stocks and bonds, so companies trading or listing them need to be registered with the agency - just as if they were the New York Stock Exchange or Charles Schwab.

"Crypto markets suffer from a lack of regulatory compliance," he said in a video posted online Thursday that did not mention Coinbase. "It's not a lack of regulatory clarity."

But Coinbase denies that it deals in securities. In its official response to the Wells notice, the company pointed to its "robust listing process" that screens tokens and rejects about 90 percent of assets reviewed.

Coinbase went further to say that the SEC's looming charges would be an "abrupt about-face" from when the agency signed off on the company's paperwork to go public in April 2021. The approval, Coinbase argued, allowed investors to infer that the SEC took no issue with its core business. The response was written by Steven Peikin, an attorney at Sullivan & Cromwell representing Coinbase who previously served as the SEC's co-head of enforcement.

Vitalik Buterin, the co-founder of Ethereum, has suggested implementing zero-knowledge Ethereum Virtual Machines (zk-EVMs) on the Ethereum base layer to accelerate the verification process on the blockchain. Buterin's proposal seeks to solve "The Verge," a part of the Ethereum roadmap that aims to make verification at the base layer easier.To get more news about blockchain knowledge, you can visit wikifx.com official website.

In a post on March 31, Buterin explained that it is possible to integrate a zk-EVM on the base layer without compromising on decentralization and security. The technology enables Ethereum Virtual Machines to execute smart contracts on the blockchain with ZK proofs. Ethereum was developed with a "multi-client philosophy" to ensure decentralization at the protocol level. By integrating zk-EVMs at the Ethereum layer 1, it would be the third type of client, along with the consensus and execution clients.

Buterin considered the advantages and drawbacks of treating the layer 1 as a "clearinghouse" by pushing almost all activity to layer 2. He concluded that many layer 1-based apps would become "economically nonviable" and that small funds worth a few hundred dollars or less may get "stuck" in the event that gas fees grow too large.

Buterin prefers the zk-EVM approach because it wouldn't abandon the "multi-client" paradigm, and an open zk-EVM infrastructure would ensure that new clients could be developed, which would further decentralize Ethereum at the base layer. In his post, Buterin explained that zk-EVMs would need to be "open" in that different clients each have different zk-EVM implementations and each client waits for a proof that is compatible with its own implementation before accepting a block as valid.

The implementation of zk-EVMs at the Ethereum layer 1 could cause data inefficiency and latency issues, but Buterin believes these challenges would not be "too hard" to overcome.In conclusion, Buterin's proposal for zk-EVMs on the Ethereum base layer seeks to accelerate the verification process while maintaining decentralization and security. The integration of zk-EVMs at the Ethereum layer 1 would be the third type of client and ensure that new clients could be developed, further decentralizing Ethereum at the base layer. The proposal is not without its challenges, but Buterin believes that they can be overcome.

Today, we are happy to announce the update of our cryptocurrency exchange ranking for Q2 2022. Kaiko's Exchange Ranking is designed to provide a comprehensive framework for understanding the fragmented exchange landscape, by assessing six criteria:To get more news about WikiBit App, you can visit wikifx.com official website.

Governance, Business, Liquidity, Security, Technology, and Data Quality.

The new scores reflect the various evolution that took place in the exchanges covered by Kaiko. Subsequently, the Kaiko Exchange Score - a weighted average of each individual score, and in some cases the Kaiko Exchange Rating, has been updated.
Key takeaways from this update:
The top of our leadership is still held by Coinbase whose Kaiko Exchange Score increased by 2 points to reach 93, followed by Binance and Kraken, both at 86.
Boosted by their governance effort, FTX, Binance, and Huobi are the top 3 best performers jumping respectively 13, 11, and 8 ranks.
When ranked in descending order of their liquidity score, Coinbase, Binance, and KuCoin occupy the top of the leadership.
Exchanges losing ranks can be partly explained by an extension of the coverage, with the following twelve new joiners and their ranks: FTX US (4th), BitBank (11th), , Bitmex (22nd), Zaif (26th), BeQuant (30th), TheRockTrading (34th), Btcbox (36th), OKX (37th), Coinmate.io (38th), HitBTC (43rd) and Bibox (45th).
To add to that, Coinbase is still the sole exchange with a triple-A Kaiko Exchange Rating, rewarding exchanges with a high total score but also whose individual scores are all above-defined thresholds.
The AA-rated group, formerly composed of only Kraken, Gemini, and Bitstamp, welcomes five new members: Binance, FTX US, CEX.IO, FTX, and BitBank.
A Benchmark Ranking
Kaiko's Aggregated Quotes, our regulatory-compliant crypto asset quotes launched earlier this year for buy-side investors, will also be updated to reflect these updates.

The Exchange Scores will also be used to filter exchanges eligible to enter into the composition of the soon-to-be-launched suite of benchmark rates and indices.

Kaiko's exchange ranking is freely accessible on our website, along with a methodology guide detailing how both Kaiko Exchange Scores and Kaiko Exchange Rating are derived. The ranking can also be licensed for use within commercial products.

Cryptocurrency scams can take many forms. Similar to the money in your bank account, scammers want your crypto and will do anything they can to get it. To protect your crypto assets, it helps to know when and how you're being targeted and what you can do if you suspect that a cryptocurrency and communications related to it are a scam.To get more news about WikiBit App, you can visit wikifx.com official website.

Initiatives aiming to obtain access to a target's digital wallet or authentication credentials. This means scammers try to get information that gives them access to a digital wallet or other types of private information, such as security codes. In some cases, this even includes access to physical hardware.
Transferring cryptocurrency directly to a scammer due to impersonation, fraudulent investment or business opportunities, or other malicious means.
For social engineering scams, scammers use psychological manipulation and deceit to gain control of vital information relating to user accounts. These scams condition people to think they are dealing with a trusted entity such as a government agency, well-known business, tech support, community member, work colleague, or friend.

Scammers will often work from any angle or take as much time as they need to gain the trust of a potential victim so that they reveal keys or send money to the scammer's digital wallet. When one of these "trusted" entities demand cryptocurrency for any reason, it is a sign of a scam.
Romance Scams
Scammers often use dating websites to make unsuspecting targets believe they are in a real long-term relationship. When trust has been granted, conversations often turn to lucrative cryptocurrency opportunities and the eventual transfer of either coins or account authentication credentials. The Federal Trade Commission (FTC) found that approximately 20% of the money reported lost in romance scams was in cryptocurrency.

Imposter and Giveaway Scams
Moving down the sphere of influence, scammers also try to pose as celebrities, businesspeople, or cryptocurrency influencers. To capture the attention of potential targets, many scammers promise to match or multiply the cryptocurrency sent to them in what is known as a giveaway scam. Well-crafted messaging from what often looks like an existing social media account can often create a sense of validity and spark a sense of urgency. This mythical "once-in-a-lifetime" opportunity can lead people to transfer funds quickly in hopes of an instant return.
Within the context of the cryptocurrency industry, phishing scams target information pertaining to online wallets. Specifically, scammers are interested in crypto wallet private keys, which are the keys required to access cryptocurrency. Their method is like many standard scams-they send an email with links that lead holders to a specially created website and ask them to enter private keys. When the hackers have this information, they can steal the cryptocurrency.

Blackmail and Extortion Scams
Another popular social engineering method that scammers use is to send blackmail emails. In such emails, scam artists claim to have a record of adult websites or other illicit web pages visited by the user and threaten to expose them unless they share private keys or send cryptocurrency to the scammer. These cases represent a criminal extortion attempt and should be reported to an enforcement agency such as the FBI.

Investment or Business Opportunity Scams
The old adage "if something sounds too good to be true, then it probably is" still rings true, and it is one to keep in mind for anyone venturing into investing in general. It is especially true for cryptocurrencies. Countless profit-seeking speculators turn to misleading websites offering so-called guaranteed returns or other setups for which investors must invest large sums of money for even larger guaranteed returns.

Poor liquidity, a problem plaguing crypto markets since the collapse of the FTX exchange in November, could worsen, breeding price volatility as regulators go after dominant exchange Binance.To get more news about crypto currency liquidity, you can visit wikifx.com official website.

On Monday, the U.S. Commodity Futures Trading Commission (CFTC) sued Binance for running an alleged "illegal exchange" and a "sham" compliance program. The regulator, which is responsible for oversight of commodities and derivatives markets, including the derivatives tied to bitcoin (BTC), sued Binance CEO Changpeng Zhao and former top compliance executive Samuel Lim, alleging "willful evasion" of the U.S. law.

Binance has long been the leading digital assets exchange and accounted for a much bigger share of the global trading volumes than its former rival FTX. Per Morgan Stanley, the exchange accounted for 81% of the total BTC traded on centralized exchanges in February. According to the case document, a single trader from Chicago is responsible for 12% of the total trading volume on Binance.

Observers, therefore, are worried the lawsuit would bring a deeper decline in the market liquidity - a measure of how difficult or easy it is to trade large quantities at stable prices.

"The main worry is what this will do short-term to market liquidity. If market makers step back from trading on Binance now, and if Binance's U.S.-based trading desks have to stop operations, that will reduce liquidity in an already thin market," Noelle Acheson, the author of the Crypto is Macro Now newsletter, said.That will exacerbate volatility and could keep some large players on the sidelines for a while longer," Acheson added.

Liquidity is widely measured by a metric called the 2% market depth - a collection of the buy and sell orders within 2% of the mid-price or the average of the bid and the ask/offer prices.

The greater the market depth, the less likely that large buy/sell orders will cause significant deviations in the asset's market price. Market makers are entities that provide liquidity to a financial market by creating buy and sell orders that aren't executed immediately.Bitcoin's 2% market depth slipped to a 10-month low last week, extending the deterioration seen since FTX's sister firm Alameda Research, formerly one of the largest market makers, closed shop five months ago.

The situation will persist for a while, according to DRW-subsidiary Cumberland, one of the earliest and longest-standing crypto market makers.This lawsuit will certainly exacerbate tightness in the already-strained digital asset banking system, and as a knock-on effect, it will damage liquidity," Cumberland said in a tweet explaining the impact of the regulatory action on the market.

Pullback likely
Some observers expect bitcoin to revisit the former resistance-turned-support near $25,000 in the wake of the heightened regulatory uncertainty.

"It is clear that the CFTC wants oversight on all crypto exchanges. It's not something new, but the market is reacting prudently and we are still holding our breath for further negative news, which may push BTC down," Laurent Kssis, a crypto trading adviser at CEC Capital, told CoinDesk.

"Long rekts [liquidations], which increased [Monday], will inevitably push prices down, possibly below support near $25,000," Kssis added.

Bitcoin fell by over 3% on Monday, hitting lows near $26,500 in response to the CFTC's action against Binance. The cryptocurrency has since stabilized around $27,000, having put in a nine-month high of $28,889 on March 23, CoinDesk data shows.

In the midst of the extended crypto winter, crypto event organizers are reevaluating their strategies, toning down on the extravagant displays and entertainment. The bear market's impact has prompted a shift in focus, as conferences aim to provide attendees with a more substantive experience centered around important industry topics like regulation and taxation.To get more news about crypto events, you can visit wikifx.com official website.

Tiffany Fong, a popular crypto vlogger known for her insightful interviews, recently attended both Bitcoin Miami 2023 and NFT NYC 2023. As a first-time participant in crypto conferences, Fong shared her observations on the changing landscape. While she couldn't compare it to the bull market conferences of the past, she noticed a significant reduction in the emphasis on entertainment and more emphasis on substantive discussions.

The bear market's prolonged downturn has forced event organizers to reevaluate their priorities. Gone are the days of flashy displays and extravagant parties. Attendees are now encouraged to ask "intelligent questions" and engage in meaningful conversations about pressing topics affecting the crypto industry.

One of the key themes emerging from these revamped conferences is the increased focus on regulation and taxation. As the crypto industry faces growing scrutiny from regulatory bodies worldwide, attendees are seeking clarity and guidance. Panels and workshops led by industry experts are aimed at dissecting complex regulatory frameworks and providing insights into tax implications for crypto investors.

This shift in conference dynamics reflects the maturation of the crypto industry. With the hype and frenzy of the bull market subsiding, the emphasis is now on building a more sustainable and regulated ecosystem. Crypto events have become platforms for thought-provoking discussions, where attendees can learn from experts, network with peers, and gain a deeper understanding of the evolving landscape.

These transformed conferences have also provided a unique opportunity for collaboration and partnership within the industry. As attendees engage in discussions, they discover synergies and potential avenues for cooperation. Startups and established companies alike are exploring strategic alliances to tackle challenges collectively and drive innovation forward.

While the bear market has brought its share of challenges, it has also paved the way for a more introspective and substantive crypto event experience. As the industry continues to navigate regulatory hurdles and redefine its path, attendees can expect even more engaging and informative conferences in the future.

In conclusion, the bear market's grip on the crypto industry has forced event organizers to reevaluate their priorities and shift the focus of conferences. Substance now takes precedence over style, as attendees engage in meaningful discussions about regulation, taxation, and other pressing industry topics. This evolution signals the maturation of the crypto industry and paves the way for a more sustainable and regulated ecosystem. As the bear market persists, crypto conferences will continue to adapt and provide valuable insights, collaboration opportunities, and thought-provoking discussions for attendees.

Binance is rolling out a "self-service" platform aimed at connecting institutional capital with crypto funds.To get more news about BINANCE, you can visit wikifx.com official website.

Dubbed Capital Connect, the platform sets disclosure standards for market participants handling size, allowing investors to review detailed fund information before potentially opening lines of communication.

Data on assets under management, performance records and minimum investment amounts are expected to be shared, among other details.

Capital Connect is targeted at asset and fund managers, brokers, hedge funds, family offices and high net-worth individuals, liquidity providers and corporations.

Changing interest rates and macroeconomic conditions have increased institutional inquiries from investors with differing investment theses on digital assets, Catherine Chen, head of Binance VIP and Institutional said in a statement.

"Increased capital flow in crypto asset funds will have positive spillover effects and benefit the entire ecosystem," Chen said.The platform is open to Binance VIP-level users, a status that starts by holding the equivalent of 200,000 BUSD in user accounts. To participate, both investors and investment managers must complete Binance Institutional's know-your-customer verification.

A Binance spokesperson told Blockworks the platform defines "institutional investors" as entities that allocate funds on behalf of others: family offices, pension funds and the like, though specific definitions "vary from region to region."

"Crypto investment funds" are portfolios composed of digital assets maintained by investment managers for their clients, they said.Allocators across the US are set to be left out, however. Binance said Capital Connect will only be available in certain jurisdictions across Latin America and Asia Pacific, as well as Europe, Middle East, and Africa.

Binance declined to provide specific jurisdictions in which Capital Connect would be offered.‘Beware' Of Crypto Investing Or Risk Ending Up In Bankruptcy Court, SEC Chair Warns