Posted by Crypto News | Sep 21, 2021 | Binance, Binance Australia, Blockchain News, BTCBRL, BTCBUSD, BTCDAI, BTCEUR, BTCGBP, BTCJPY, BTCKRW, BTCMXN, BTCNGN, BTCPAX, BTCRUB, BTCTRY, BTCTUSD, btcusd, BTCUSDC, BTCUSDT, BTCXRP, BTCZAR, Crypto News, ETHAUD, ETHBKRW, ETHBRL, ETHBTC, ETHBUSD, ETHDAI, ETHEOSDT, ETHEUR, ETHGBP, ETHHUSD, ETHJPY, ETHKRW, ETHMXN, ETHPAX, ETHRUB, ETHTRX, ETHTRY, ETHUSD, ETHUSDC, ETHUSDT, ETHUST, ETHZAR, News, Regulation News | 0
As the crypto industry continues to dominate, financial regulators fear criminals will turn to the industry for their illicit activities. This year 2021, has been hot for the crypto industry in terms of regulation. Many financial watchdogs in the USA and other countries pushed harder to regulate the sector. Some top exchanges, including Binance, saw a lot of pressure from several bodies, especially on many of their products. The reason was that many of these exchanges could serve as a means of money laundering given the anonymity of the transactions. As a result, some countries keep limiting the operations of crypto exchanges in their markets. Related Reading | Bitcoin Holders Take Profits As Price Falls, Indicators Remain Bullish? Binance has seen a lot of pressure from regulators all over the world. Some countries and apex financial bodies such as the Dutch Central Bank have accused the exchange of non-compliance with financial laws against terrorism. Australia Bans Crypto Futures Trading Amid the pressure on the largest crypto exchange, the Australian government has banned them from offering their crypto futures and options in their market. So now, traders will no longer access such products from Binance. The government even warned all their citizens and residents who have invested in futures, options & leveraged tokens to close their position within 90 days. Binance announced this instruction on September 20, 2021. Based on the available information, all Australian users will not invest in these products starting from Friday, September 24. But they can increase their margin balances against liquidation & margin calls. But from December 24, 2021, all manners of transactions on derivatives will close down. Related Reading | Did Turkey’s President Say “We Are In A War Against Bitcoin”? An Investigation In response to this restriction, Binance’s representative stated that they aim to ensure compliance and acceptance for all their products. As such, they usually monitor the regulatory requirements of the localities wherein they operate. But with the recent development, the company will also try to protect the interests of the users. Restrictions On Binance Keep Growing Apart from the recent restrictions in Australia, other countries have been limiting the operations of Binance in their markets. In addition, many global regulators have also been issuing warnings to the exchange. For instance, last month, the exchange stopped offering its derivative trading services in Brazil. Before that, the Hong Kong government also suspended its operations. Binance also halted its crypto derivatives trading in many other countries, such as Netherlands, Germany, and Italy. According to the exchange, it has decided to stop those services in European countries. crypto market is recovering from an abrupt decline | Source: Crypto Total Market Cap on TradingView.com Featured Image From Binance, Chart From Tradingview.comRead More
The leading cryptocurrency exchange continues to take steps to be regulatory compliant after regulators from all over the world went after Binance for offering crypto products to their citizens not aligned with the regulations. On Tuesday, Binance said it would cease offering futures, options, and leveraged tokens to its existing Australian users before this month […]
The post Binance to Cease Offering Derivatives and Leverage to Australian Users first appeared on BitcoinExchangeGuide.
The Commodity Futures Trading Commission (CFTC) alleges that some of the staff at the…
The post Binance under investigation for market manipulation and insider trading appeared first on Coin Journal.
US officials are investigating Binance Holdings for possible insider trading and market manipulation, reported Bloomberg this week, citing people with knowledge of the matter. The leading cryptocurrency exchange, which has been facing increased regulatory scrutiny globally, is now being examined by Commodity Futures Trading Commission (CFTC) which has been reaching out to potential witnesses. According […]
Sep 18, 2021 | BCHABCBTC, BCHABCUSDC, BCHABCUSDT, BCHBNB, BCHBRL, BCHBTC, BCHBUSD, BCHDAI, BCHETH, BCHEUR, BCHEURS, BCHGBP, BCHKRW, BCHPAX, BCHTUSD, BCHUSD, BCHUSDC, BCHUSDT, BCHUSDTPERP, Binance, Binance Legal Trouble, Blockchain News, BTCBRL, BTCBUSD, BTCDAI, BTCEUR, BTCGBP, BTCJPY, BTCKRW, BTCMXN, BTCNGN, BTCPAX, BTCRUB, BTCTRY, BTCTUSD, btcusd, BTCUSDC, BTCUSDT, BTCXRP, BTCZAR, CFTC, Crypto News, News, Regulation News
Binance’s regulatory woes have now expanded to the US, in what could be its worst regulatory showdown until now. A recent report from Bloomberg highlighted that the US Commodity Futures Trading Commission (CFTC) is now looking into the crypto exchange on allegations of possible insider trading and market manipulation. U.S. authorities are examining possible insider
The post Breaking: Binance Reportedly Under CFTC Investigation For Insider Trading appeared first on Coingape.
In a recent interview, the Binance chief executive admitted that the best way forward…
The post Binance looking to adopt a centralised operating model appeared first on Coin Journal.
Sep 16, 2021 | Binance, Blockchain News, BTCBRL, BTCBUSD, BTCDAI, BTCEUR, BTCGBP, BTCJPY, BTCKRW, BTCMXN, BTCNGN, BTCPAX, BTCRUB, BTCTRY, BTCTUSD, btcusd, BTCUSDC, BTCUSDT, BTCXRP, BTCZAR, Crypto News, ETHAUD, ETHBKRW, ETHBRL, ETHBTC, ETHBUSD, ETHDAI, ETHEOSDT, ETHEUR, ETHGBP, ETHHUSD, ETHJPY, ETHKRW, ETHMXN, ETHPAX, ETHRUB, ETHTRX, ETHTRY, ETHUSD, ETHUSDC, ETHUSDT, ETHUST, ETHZAR, News, Regulation News
Amid a global crypto crackdown, World’s largest Exchange, Binance has finally given up fighting and is now approaching authorities to re-establish itself as a Centralized business. After suffering the regulators’ wrath from different corners of the world, the exchange is now in conversation with multiple regulators, in lieu of acquiring their approvals. Furthermore, Binance will
The post Binance Plans to Revamp Regulatory Relations With Centralized Headquarters appeared first on Coingape.
Binance.US Hires New President to Begin its “Journey Toward IPO,” VC Giant Onboards Former CFTC Top Official
Brian Shroder, who was previously an executive at Ant Group and Uber, believes it will be “an extremely successful IPO.” Meanwhile, Brian Quintenz, who left CFTC last month, will advise a16z on crypto policy issues.
Cardano has placed the launch of smart contracts capability on September 12th. This gives us only two days until the launch. Ahead of this, crypto exchange giant Binance has made moves to make sure that their platform is compatible with it. The announcement was posted by Binance on its official website. The network upgrade and hard fork have been scheduled to take place during epoch 290 or at approximately 12:44 UTC on September 12th, 2021. The announcement noted that the Cardano upgrade and hard fork will not result in the creation of new tokens, neither will it affect the trading of ADA tokens on the platform. Although deposits and withdrawals for ADA will be closed until the upgrade and hard fork have been confirmed to be working properly. Users holding ADA tokens on Binance are also advised to allow sufficient time for their deposits before the cut-off time. While the cryptocurrency exchange will take care of all of the technical requirements associated with the upgrade. Related Reading | Will The Cardano Smart Contracts Upgrade Trigger A “Sell The News” Event? Deposits and withdrawals of ADA tokens will be suspended on 21:14 UTC on September 12th, 30 minutes before the upgrade and hard fork are scheduled to occur. Deposits and withdrawals will remain unavailable for however long it takes the exchange to confirm that the upgrade is implemented properly and safe to carry out transactions on. How Cardano Upgrade Will Affect The Network There are a lot of good things to be said about smart contracts capability coming to the Cardano network. One of these is the ability for developers to build decentralized applications (DApps) on the network, thereby enabling things like decentralized finance (DeFi) protocols and decentralized exchanges. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course With the leading smart contracts platform, Ethereum, getting overwhelmed with usage, it is imperative for other competitors to step up to the plate. The Alonzo Purple upgrade and hark fork puts Cardano in a position to compete with Ethereum when it comes to DeFi services like lending, staking, and yield farming. Also the creation of tokens on the platform and the minting of NFTs. ADA Still Struggling ADA price is still in a downward trend after the crash that rocked the market on September 7th. The token has not seen much recovery in the past three days despite the long-awaited smart contracts upgrade coming up in two days. ADA price in the red | Source: ADAUSD on TradingView.com Currently, the price of ADA is trading in the $2.3 range, after spending the majority of yesterday trying to hold the $2.5 which it had balanced at after an upward correction from the crash. Featured image from Nairametrics, chart from TradingView.comRead More
Following the launching of an NTF marketplace by FTX crypto exchange, the price of FTT hit a new all-time high. FTT is the native token of the FTX crypto trading platform. As FTX crypto exchange launches its NFT marketplace for us residents, the native token FTT on Tuesday hits $83. This is a new all-time high for the utility token; FTT gives the holders unique advantages like reduced trading fees. It also allows them access to staking opportunities so they can earn percentage rewards. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course According to CoinGecko data, although the token by press time dropped to $75.12, it has gained 12.2% in the past day. FTT has also reached a high of 69% within the week. The FTX token is in bullish momentum and aims to recover previous losses | Source: BTCUSD on TradingView.com The high price made the token market cap increase to $8.44 billion, making FTT the 26th biggest digital asset. This development happened amidst the FXT launch of its marketplace for NFTs (non-fungible tokens). NFTs are crypto assets you can attach to internet files to prove ownership for artworks, music, concert tickets, and videos. FTX Launches NFT Platform in the United States Yesterday, the NFT marketplace of FXT kick-started operation with a wave movement. To correct this, FTX US has raised the minting fee of the new NFT to $500 briefly, then to $10. Sam Bankman-Fried, before the incident introduced his Test NFT, it was sold initially for $10 on the FTX US. Sam is the CEO and founder of the company, and his Test NFT sold for barely $270,000. The CEO had expected the NFT marketplace on FXT.com to be ready for launching in a few weeks. However, the NFT marketplace on the website FXT.com is the main platform of the exchange. The NFT marketplace on FXT.com is similar to the marketplace on FXT.US will be cross-chained natively. In addition, it will support both Solana and Ethereum blockchains. According to records, FTX is just among the crypto exchanges that explore the non-fungible tokens this year. In June, the popular crypto exchange Binance had launched an NFT marketplace with a project known as “100 Creators”. Binance NFT platform features exclusive NFTs designed by global leading artists, events, and buy premium. Related Reading | Panama To Recognize Bitcoin As Payment Alternative, Issues New Regulations Earlier this month, another renowned exchange OKEx also trailed the path of introducing its version of the NFT platform. The platform will be for buying, selling, and even minting NFT across the exchange ecosystem. OKEx is the world’s second-biggest crypto exchange in terms of volume, and each of its NTF is unique and unchangeable. Featured image from Pixabay, chart from TradingView.comRead More
Today’s Ethereum price chart may suggest the formation of a bearish pattern called the “double top”. 100k ETH also flowed into Binance. Ethereum Price Chart Shows Famous “Double Top” Bearish Formation As explained by a CryptoQuant post, the cryptocurrency formed a bearish pattern on the price chart earlier today, and at about the same time, Binance also noticed a netflow of around 100k ETH. Here is a Ethereum chart that clearly shows the bearish pattern: ETH’s price chart showed a bearish formation earlier today | Source: CryptoQuant As the above chart shows, Ethereum seems to have formed what’s popularly known as the “double top” pattern. Historically, formation of such peaks has been a bearish signal. However, a double top can’t be confirmed until the price drops below the support level marked by the dip between the two peaks. Related Reading | Flash Crash, Ethereum Tests Support With 17% Drop And Risks Further Losses The above chart was actually posted by the analyst a few hours ago. A more recent version of the chart looks something like this: ETH’s price continues to show volatility | Source: ETHUSD on TradingView It looks like right after forming the two peaks, the price seems to have crashed down to $3.2k, which is below the 3.3k support level. In most cases, such a dip confirms that the formation is a bearish double top. However, here the price seems to already be moving back up the support level. Related Reading | Twitter To Allow Users Receive Bitcoin And Ethereum Via Its Tip Jar Feature Following a double top event, the support level becomes resistance so that the price stays below it for a while. It’s possible it could just be a shoulder formation, and that the bearish trend might still be active. Though the opposite could also be true; the price might keep going back up instead. However, another bearish signal also went off… About 100k ETH Flows Into Binance Around the same time that the two peaks formed, the netflow indicator for Ethereum showed that about 100k ETH flowed into the crypto exchange Binance. The “netflow” is a metric that shows the net amount of coins moving into or out of exchanges. It’s calculated by simply taking the difference between the inflows and the outflows. When the indicator takes a negative value, it means more ETH is moving out than in, while a positive value implies the reverse. Here is a chart that shows the Ethereum netflow for all exchanges: The ETH netflow spikes up | Source: CryptoQuant The spike on the chart shows that about 100k ETH flowed into exchanges, and chain data confirms it was into the crypto exchange Binance. Such a positive spike generally implies investors are facing heavy selling pressure, and thus they are sending their coins to exchanges for dumping them.Read More
Singapore Monetary Authority has placed the Binance exchange on its alert list of investors on Wednesday. This is due to some concerns about the possibility that the crypto exchange might have violated the local payments laws. On Sunday, the global crypto exchange has announced its intention to cancel its product offering in the country. This is amidst regulatory warnings from Singaporean Financial Regulators that Binance seems to have violated local payment regulations. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course Binance is a cryptocurrency exchange currently the largest exchange globally in terms of the daily trading volume. It was founded in 2017 and is registered in the Cayman Islands. Binance Limits Product Offerings In Singapore From Thursday, the residents of Singapore will cease to trade cryptos or receive payments in SGD-Singapore dollars. In addition, a blog Sunday post stated that the crypto exchange’s mobile application would be deleted from Singapore’s Google or Apple play stores. The exchange stated that they would remove all SGD trading pairs on Thursday at 04:00 UTC. They advised users to ensure that they completed all peer-to-peer trades 24 hours before the scheduled deadline. The Binance’s decision to halt some product offerings was a few days after receiving a warning from the Monetary Authority of Singapore. MAS gave a warning that Binance may be bridging the Payment Service Act of the Country. As a result, they added the crypto exchange to the investor’s alert list of the regulator on Wednesday. In the list were unregulated individuals who may have given people the wrong perception of being regulated or licensed by MAS. Binance faces upheaval from various financial authorities globally for proposedly not complying with the local regulations. These include the provision of crypto exchange services without obtaining appropriate licenses. Germany, Japan, the Canadian province of Ontario, and the United Kingdom all went down on the exchange offerings this summer. The most recent one is the South African regulator’s warning to its residents on crypto exchange unauthorized operation within the country. Regulatory Issues And Binance U.S. The regulatory issues seem to attract negative attention to the popular crypto exchange that operates as an independent legal entity. As a result, investors following the latest development have backed out of a funding round worth $100 million for US exchange. At the time of writing, BNB trades sideways | Source: BNBUSD on TradingView.com This made the funding round fail; it may have led to the reason why Brian Brooks resigned as the CEO of Binance us after only three months of leadership. Related Reading | Singapore Central Bank Selects 15 Firms For Retailing CBDC However, Binance global exchange handles more trades compared to other platforms despite the regulatory upheaval. The trade volume of Binance, according to the coin market cap on Sunday, was over $24 billion. Featured image from Pixabay, chart from TradingView.comRead More
Binance Removes SGD Trading Pairs and Payment Options for Singapore Users to Be Compliant with Local Regulations
Leading cryptocurrency exchange Binance is reviewing the products and services it offers in Singapore in order to remain compliant with local regulations. On the weekend, Binance announced that starting on Sept. 10, the exchange will no longer offer SGD trading pairs and SGD payment options to the users of Singapore. Also, it is removing the […]
The embattled crypto platform announced it would cease trading in Singapore dollars as it…
The post Binance suspends a bunch of its offerings in Singapore appeared first on Coin Journal.
Sep 6, 2021 | Binance, Blockchain News, BNBBKRW, BNBBTC, BNBBUSD, BNBETH, BNBEUR, BNBIDRT, BNBNGN, BNBPAX, BNBRUB, BNBTRX, BNBTRY, BNBTUSD, BNBUSD, BNBUSDC, BNBUSDT, BNBUSDTPERP, BNBZAR, BTCBRL, BTCBUSD, BTCDAI, BTCEUR, BTCGBP, BTCJPY, BTCKRW, BTCMXN, BTCNGN, BTCPAX, BTCRUB, BTCTRY, BTCTUSD, btcusd, BTCUSDC, BTCUSDT, BTCXRP, BTCZAR, Crypto News, Fixed Investment Feature, News
Binance announced the launch of its new feature of a fixed investment function. This investment program facilitates a systematic crypto investment service for retail traders, by allowing the purchase of a fixed amount of cryptocurrency within a set time interval. Binance users can pre-order cryptocurrency purchases through their respective VISA and MasterCard. However, the fixed
The post Binance Announces Fixed Crypto Investment Program With Visa & Mastercard appeared first on Coingape.
Binance cryptocurrency exchange, the biggest trading platform in the world, has announced it will cease all of its trading activities involving the Singapore Dollar, in compliance with local regulations. Beginning on Friday, the 10th of September, the trading platform will stop Singaporeans from transacting via the SGD payment option. Additionally, the exchange will affect the
The post Binance Restricts its Product Offering in Singapore in Response to Regulatory Clampdown appeared first on Coingape.
Binance, the world’s largest cryptocurrency exchange by trading volume, has responded to the warning issued by the South African Financial Sector Conduct Authority (FSCA) to the general public regarding its legal status in the country. As highlighted in a previous report by Coingape, the FSCA joined the long list of regulators to issue a warning
The post Binance Responds to the South African FSCA, Refutes the Regulator’s Claims appeared first on Coingape.
The Financial Sector Conduct Authority (FSCA) of South Africa warned the public against the Binance Group on Friday. In the press release, the regulator issued a warning where it asked the public to be cautious and vigilant when dealing with the company as it is “not authorized” to give any financial services, advice, or business […]
The post South Africa’s Financial Regulator Issues A Warning Against “Unauthorised Entity” Binance first appeared on BitcoinExchangeGuide.
Sep 3, 2021 | Binance, Binance Regulations, Binance Regulatory trouble, BNBBKRW, BNBBTC, BNBBUSD, BNBETH, BNBEUR, BNBIDRT, BNBNGN, BNBPAX, BNBRUB, BNBTRX, BNBTRY, BNBTUSD, BNBUSD, BNBUSDC, BNBUSDT, BNBUSDTPERP, BNBZAR, Crypto News, FSCA, News, Regulation News, XRPAUD, XRPBNB, XRPBRL, XRPBTC, XRPCAD, XRPETH, XRPEUR, XRPGBP, XRPKRW, XRPMXN, XRPNGN, XRPPAX, XRPRUB, XRPTRX, XRPTRY, XRPTUSD, xrpusd, XRPUSDC, XRPUSDT
The Financial Sector Conduct Authority (FSCA), the South African financial watchdog has joined the long list of regulators to issue a warning against the Binance crypto exchange. In a public notice dated September 3, the FSCA called for caution among traders when dealing with the crypto entity as it has not been authorized by them
The post Breaking: South African Financial Watchdog Issues Warning Against Binance Group appeared first on Coingape.
Binance Plans to Take its US Entity Public while Singapore Entity Lands on Regulator’s Investor Alert List
Leading cryptocurrency exchange Binance’s US-based entity could go public in the next three years, reported The Information. “Binance.US is just going to do what Coinbase did,” founder and chief executive officer Changpeng Zhao told the publication in a Zoom interview. According to the report, Zhao further said that Binance generated $800 million to $1 billion […]
Select a Sub Category
Made $234 profit with Free Signals from $50
This is the best useful app on my phone. Started trading with $50 and in 5 weeks I was up to $234 just with the free signals. I will recommend it to any new person that wants to try trading crypto. Link to Review
This app is one of the best for crypto currency trading signal for experts and beginal with free and premier with auto follow trading bot all the signal is excellent with accurate technical analysis and fundamental I really like the way they guide and support. Link to Review
User Friendly App
Signals are great. I love it. App also friendly to use… Nice job guys Link to Review