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OKX To Open Office In Australia

29 Mar 2023

Cryptocurrency and technology proponents have recently been discussing a new bipartisan bill called the “Restricting the Emergence of Security Threats that Risk Information and Communications Technology (RESTRICT)” Act. In addition to targeting firms such as Kaspersky, Huawei, and Tiktok, opponents of the bill believe one of its provisions will punish ordinary Americans for leveraging a virtual private network (VPN). However, a spokesperson for Democratic senator Mark Warner insists the “legislation is aimed squarely at companies” and “not at individual users.”

Since the bill was introduced in March, the RESTRICT Act, sponsored by over a dozen bipartisan politicians and initiated by senator Mark Warner (D-VA), has been the center of controversy. A great deal of attention has been focused on the bill targeting Tiktok, and several reports say the legislation could be used to ban the app in the United States. The act would give the U.S. president and secretary of commerce the ability to regulate technologies that can be tied to nations such as Russia, China, Venezuela, North Korea, Cuba, and Iran. Tech advocates and cryptocurrency supporters are concerned about the bill and have been discussing its implications on forums and social media.

One particular provision in Warner’s RESTRICT Act has caused many people to believe that Americans could be jailed for using a virtual private network (VPN). The bill notes that there are strict penalties, including a 20-year sentence, for using “communications technology products and services” with applications or web portals associated with “foreign adversaries.” While some have said that the RESTRICT Act could ban Tiktok and target Americans for using a VPN with websites tied to foreign adversaries, others have gone as far as to say that the bill could be used to ban bitcoin. Venture capitalist and angel investor Balaji Srinivasan stated:

The RESTRICT Act is the American Great Firewall. Become China in the name of beating China.

Former politician and government critic Ron Paul said in a recent broadcast that the “RESTRICT Act is the Patriot Act on steroids.” Another former member of the U.S. Congress, Justin Amash, stressed on Twitter that the “RESTRICT Act isn’t about banning TikTok; it’s about controlling you. It gives broad powers to the executive branch, with few checks, and will be abused in every way you can imagine.” The nonprofit organization focused on the policy issues facing cryptocurrencies, Coin Center, also published a blog post on the subject and noted that it could be used against cryptocurrency users.

“The RESTRICT Act creates blanket authority, with few checks, to ban just about anything linked to a ‘foreign adversary,’” Coin Center explains in the editorial. “An overbroad attempt to ban crypto using these new powers would be open to a court challenge, but the law has worryingly narrow avenues for review.” Coin Center concludes that “while the primary purpose of the act is to address national security concerns, its potential implications for the cryptocurrency space cannot be ignored.”

Despite the complaints, a report published by Daily Dot claims “you will not be jailed for 20 years if you use TikTok after it’s banned — despite internet fear-mongering.” The author of the report, David Covucci, calls the warnings on social media and forums a “nonsensical rumor.” Covucci notes that the use of the term “virtual private network” or VPN is not mentioned in the bill, and the reporter also retrieved a statement from senator Warner’s office.

“Under the terms of the bill, someone must be engaged in ‘sabotage or subversion’ of American communications technology products and services, creating ‘catastrophic effects’ on U.S. critical infrastructure, or ‘interfering in, or altering the result’ of a federal election, in order to be eligible for any kind of criminal penalty,” a Warner spokesperson told Covucci. “To be extremely clear, this legislation is aimed squarely at companies like Kaspersky, Huawei, and Tiktok that create systemic risks to the United States’ national security—not at individual users,” the politician’s spokesperson concluded.

What do you think about the RESTRICT Act and its potential impact on technology, cryptocurrency, and individual freedoms? Share your thoughts in the comments below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework

Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.

Cryptocurrency and technology proponents have recently been discussing a new bipartisan bill called the “Restricting the Emergence of Security Threats that Risk Information and Communications Technology (RESTRICT)” Act. In addition to targeting firms such as Kaspersky, Huawei, and Tiktok, opponents of the bill believe one of its provisions will punish ordinary Americans for leveraging a virtual private network (VPN). However, a spokesperson for Democratic senator Mark Warner insists the “legislation is aimed squarely at companies” and “not at individual users.”

Since the bill was introduced in March, the RESTRICT Act, sponsored by over a dozen bipartisan politicians and initiated by senator Mark Warner (D-VA), has been the center of controversy. A great deal of attention has been focused on the bill targeting Tiktok, and several reports say the legislation could be used to ban the app in the United States. The act would give the U.S. president and secretary of commerce the ability to regulate technologies that can be tied to nations such as Russia, China, Venezuela, North Korea, Cuba, and Iran. Tech advocates and cryptocurrency supporters are concerned about the bill and have been discussing its implications on forums and social media.

One particular provision in Warner’s RESTRICT Act has caused many people to believe that Americans could be jailed for using a virtual private network (VPN). The bill notes that there are strict penalties, including a 20-year sentence, for using “communications technology products and services” with applications or web portals associated with “foreign adversaries.” While some have said that the RESTRICT Act could ban Tiktok and target Americans for using a VPN with websites tied to foreign adversaries, others have gone as far as to say that the bill could be used to ban bitcoin. Venture capitalist and angel investor Balaji Srinivasan stated:

The RESTRICT Act is the American Great Firewall. Become China in the name of beating China.

Former politician and government critic Ron Paul said in a recent broadcast that the “RESTRICT Act is the Patriot Act on steroids.” Another former member of the U.S. Congress, Justin Amash, stressed on Twitter that the “RESTRICT Act isn’t about banning TikTok; it’s about controlling you. It gives broad powers to the executive branch, with few checks, and will be abused in every way you can imagine.” The nonprofit organization focused on the policy issues facing cryptocurrencies, Coin Center, also published a blog post on the subject and noted that it could be used against cryptocurrency users.

“The RESTRICT Act creates blanket authority, with few checks, to ban just about anything linked to a ‘foreign adversary,’” Coin Center explains in the editorial. “An overbroad attempt to ban crypto using these new powers would be open to a court challenge, but the law has worryingly narrow avenues for review.” Coin Center concludes that “while the primary purpose of the act is to address national security concerns, its potential implications for the cryptocurrency space cannot be ignored.”

Despite the complaints, a report published by Daily Dot claims “you will not be jailed for 20 years if you use TikTok after it’s banned — despite internet fear-mongering.” The author of the report, David Covucci, calls the warnings on social media and forums a “nonsensical rumor.” Covucci notes that the use of the term “virtual private network” or VPN is not mentioned in the bill, and the reporter also retrieved a statement from senator Warner’s office.

“Under the terms of the bill, someone must be engaged in ‘sabotage or subversion’ of American communications technology products and services, creating ‘catastrophic effects’ on U.S. critical infrastructure, or ‘interfering in, or altering the result’ of a federal election, in order to be eligible for any kind of criminal penalty,” a Warner spokesperson told Covucci. “To be extremely clear, this legislation is aimed squarely at companies like Kaspersky, Huawei, and Tiktok that create systemic risks to the United States’ national security—not at individual users,” the politician’s spokesperson concluded.

What do you think about the RESTRICT Act and its potential impact on technology, cryptocurrency, and individual freedoms? Share your thoughts in the comments below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework

Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.

Xrp climbed to its highest level since last May, as bullish sentiment returned to cryptocurrency markets. The token rose by as much as 17% in Wednesday’s session, with the global market cap over 5% higher. Cardano also rallied, rising by over 11%.

XRP maintained its bull run on Wednesday, as prices rose by as much as 17% in today’s session.

Following a fall to a low of $0.4866 on Tuesday, XRP/USD raced to an intraday high of $0.5804 earlier in today’s session.

As a result of the move, XRP hit its strongest point since May 9, breaking out of a long-term ceiling at $0.5550 in the process.

The surge came as the 14-day relative strength index (RSI) also broke free of a recent ceiling at the 70.00 mark.

At the time of writing, the index is now tracking marginally below yet another point of resistance, this time at the 75.00 mark.

Overall, earlier gains have somewhat diminished, as bulls appear to have secured profits, near this current point of uncertainty.

In addition to XRP, Cardano (ADA) also rallied in today’s session, with the token climbing by nearly 11%.

ADA/USD moved to an intraday peak of $0.3894 earlier on Wednesday, following a low of $0.3511 the day prior.

This climb pushed cardano to its strongest point since February 23, when price hit a high of $0.3951.

Looking at the chart, today’s move appears to have come as the RSI broke out of a ceiling at the 58.00 mark.

As of writing, the index is tracking at 59.75, with the next visible point of resistance at 63.00

Should this target be hit, there is a strong chance that ADA will be trading above $0.4000.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
ada, Analysis, Cardano, Ripple, XRP

Do you expect cardano to move higher in upcoming days? Let us know your thoughts in the comments.

Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales

Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68% ... read more.

Xrp climbed to its highest level since last May, as bullish sentiment returned to cryptocurrency markets. The token rose by as much as 17% in Wednesday’s session, with the global market cap over 5% higher. Cardano also rallied, rising by over 11%.

XRP maintained its bull run on Wednesday, as prices rose by as much as 17% in today’s session.

Following a fall to a low of $0.4866 on Tuesday, XRP/USD raced to an intraday high of $0.5804 earlier in today’s session.

As a result of the move, XRP hit its strongest point since May 9, breaking out of a long-term ceiling at $0.5550 in the process.

The surge came as the 14-day relative strength index (RSI) also broke free of a recent ceiling at the 70.00 mark.

At the time of writing, the index is now tracking marginally below yet another point of resistance, this time at the 75.00 mark.

Overall, earlier gains have somewhat diminished, as bulls appear to have secured profits, near this current point of uncertainty.

In addition to XRP, Cardano (ADA) also rallied in today’s session, with the token climbing by nearly 11%.

ADA/USD moved to an intraday peak of $0.3894 earlier on Wednesday, following a low of $0.3511 the day prior.

This climb pushed cardano to its strongest point since February 23, when price hit a high of $0.3951.

Looking at the chart, today’s move appears to have come as the RSI broke out of a ceiling at the 58.00 mark.

As of writing, the index is tracking at 59.75, with the next visible point of resistance at 63.00

Should this target be hit, there is a strong chance that ADA will be trading above $0.4000.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
ada, Analysis, Cardano, Ripple, XRP

Do you expect cardano to move higher in upcoming days? Let us know your thoughts in the comments.

Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

PRESS RELEASE. TokenPocket has reached cooperation with bitcoin.com News, which is a top 3 world economic and crypto news organization with millions of active readers. We’ll collaborate to integrate resources, Verse will be listed on TokenPocket, to bring a richer decentralized experience to all the crypto users.

Why have we taken to TokenPocket?

A self-custodial wallet: is the world’s leading multi-chain self-custodial wallet, which supports mainstream public chains including BTC, ETH, BSC, TRON, Polygon, Solana, Aptos, Arbitrum, Optimism, etc. The Secret Recovery Phrase and Private Key are stored in the user’s own device and the user can fully control his own crypto assets. TokenPocket has provided reliable services for over 20 million users around the world. The number of monthly active users exceeds 3.5 million and the users are located in more than 200 countries around the world.

Designed for security: With TokenPocket, you can buy, store, send, and swap tokens as well as collect NFTs. TokenPocket also develops hardware wallet and MultiSig wallet feature to enhance the security as you need. Now, TokenPocket offers the MultiSig feature for the wallets on Ethereum, BNB Chain, Polygon, Arbitrum, Optimism, etc. Find out how you can create a multisig wallet here.

Easy access to DApps: TokenPocket has integrated a DApp Store, you can find your favorite decentralized applications, discover the latest and hottest ones and use them without leaving the wallet. Ant it is integrated with DApp Browsers, you can always access the DApps with your links. TokenPocket also natively integrated with Transit Finance, which includes Transit Swap (both aggregator and cross-chain swaps) and Transit Buy (crypto purchase or selling with your bank card), to provide a much easier and friendly exchange feature. And Transit Swap has integrated with Verse DEX as an additional liquidity source, to provide a better liquidity for users. Currently, with the support by Transit Buy, there is more than 20 countries and regions can buy/sell crypto with their bank card directly on TokenPocket “Buy” feature.

Collections for tokens and NFTs, TokenPocket supports more than 1000 blockchains and more than 10M tokens, all the users can store their assets on different blockchains in TokenPocket. TokenPocket has the “Markets” page, which shows the on-chain data-based candlestick charts so that users can catch up with the market directly in app. And TokenPocket also supports NFT collections, that means users can transfer and storevarious NFTs in TokenPocket, you can view the 24h price and volume in it!

Download TokenPocket: https://tokenpocket.pro/

Twitter: https://twitter.com/TokenPocket_TP

Telegram: https://t.me/tokenpocket_channel

YouTube: https://www.youtube.com/@TokenPocketTP

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework

Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.

PRESS RELEASE. TokenPocket has reached cooperation with bitcoin.com News, which is a top 3 world economic and crypto news organization with millions of active readers. We’ll collaborate to integrate resources, Verse will be listed on TokenPocket, to bring a richer decentralized experience to all the crypto users.

Why have we taken to TokenPocket?

A self-custodial wallet: is the world’s leading multi-chain self-custodial wallet, which supports mainstream public chains including BTC, ETH, BSC, TRON, Polygon, Solana, Aptos, Arbitrum, Optimism, etc. The Secret Recovery Phrase and Private Key are stored in the user’s own device and the user can fully control his own crypto assets. TokenPocket has provided reliable services for over 20 million users around the world. The number of monthly active users exceeds 3.5 million and the users are located in more than 200 countries around the world.

Designed for security: With TokenPocket, you can buy, store, send, and swap tokens as well as collect NFTs. TokenPocket also develops hardware wallet and MultiSig wallet feature to enhance the security as you need. Now, TokenPocket offers the MultiSig feature for the wallets on Ethereum, BNB Chain, Polygon, Arbitrum, Optimism, etc. Find out how you can create a multisig wallet here.

Easy access to DApps: TokenPocket has integrated a DApp Store, you can find your favorite decentralized applications, discover the latest and hottest ones and use them without leaving the wallet. Ant it is integrated with DApp Browsers, you can always access the DApps with your links. TokenPocket also natively integrated with Transit Finance, which includes Transit Swap (both aggregator and cross-chain swaps) and Transit Buy (crypto purchase or selling with your bank card), to provide a much easier and friendly exchange feature. And Transit Swap has integrated with Verse DEX as an additional liquidity source, to provide a better liquidity for users. Currently, with the support by Transit Buy, there is more than 20 countries and regions can buy/sell crypto with their bank card directly on TokenPocket “Buy” feature.

Collections for tokens and NFTs, TokenPocket supports more than 1000 blockchains and more than 10M tokens, all the users can store their assets on different blockchains in TokenPocket. TokenPocket has the “Markets” page, which shows the on-chain data-based candlestick charts so that users can catch up with the market directly in app. And TokenPocket also supports NFT collections, that means users can transfer and storevarious NFTs in TokenPocket, you can view the 24h price and volume in it!

Download TokenPocket: https://tokenpocket.pro/

Twitter: https://twitter.com/TokenPocket_TP

Telegram: https://t.me/tokenpocket_channel

YouTube: https://www.youtube.com/@TokenPocketTP

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework

Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.

PRESS RELEASE. MELBOURNE, AUSTRALIA, 29th March, 2023, Chainwire. OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today announced that it will open an office in Australia in the coming months.

The announcement was made at an exclusive event for Australia’s crypto community at the Melbourne Arts Centre, and was attended by OKX Ambassadors Scotty James and Daniel Ricciardo.

On 30 March, the Australian Grand Prix commences and will feature the OKX-sponsored McLaren F1 Team car driven by Australian Oscar Piastri and Lando Norris.

Haider Rafique, Chief Marketing Officer at OKX, said: “Our ambition is straightforward – to become the leading crypto platform in the world. We see Australia as an indispensable part of this strategy and a key growth market. With such a strong uptake of crypto in Australia already, we’re committed to the local market and aim to build a strong local office.”

Daniel Ricciardo, Australian F1 driver and OKX Ambassador, said: “I’m very excited to see OKX plan an office in my home country. I had a great time celebrating with the OKX team and the crypto community today. The future looks bright for OKX in Australia.”

Scotty James, Australian Olympic snowboarder and OKX Ambassador, said: “Crypto never sleeps, and OKX continues to build its community. Australia is a special place for crypto, and it is exciting to see OKX announce it will be opening an office in Australia.”

OKX’s commitment to trust and transparency is showcased by its publishing of Proof of Reserves (PoR) on a monthly basis. OKX holds the largest 100% clean reserves among major exchanges at USD$8.9 billion, according to third party data. Reserves and liabilities can be self-verified with trustless tools on the OKX website.

About OKX

OKX is a world-leading technology company building the future of Web3. Known as one of the fastest and most reliable crypto trading platforms for investors and professional traders everywhere, OKX’s crypto exchange is the second largest globally by trading volume and is trusted by more than 50 million users.

OKX’s leading self-custody solutions include the Web3-compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.

OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances.

Contact

OKX
media@okx.com

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits

As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.

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