Top financial regulators in England and Japan have independently issued warnings on Binance for offering crypto exchange services to residents of the two countries without being registered with the regulators as required by law. Japanese Regulator’s Warning Japan’s top financial regulator, the Financial Services Agency (FSA), issued a warning notice to Binance Holdings Ltd. and …
Monthly archives: June 2021
Indian Banks Halting Services to Crypto Industry Post RBI Clarification
Several Indian banks have reportedly halted services to customers dealing in cryptocurrencies despite the central bank, the Reserve Bank of India (RBI), informing them that the banning circular is no longer valid. The latest bank to join the fray is IDFC First Bank. IDFC First Bank has become the latest bank to halt services to …
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Ontario Crackdown on Crypto Exchanges Continues With Binance Leaving the Province
Cryptocurrency exchange Binance will no longer provide services in the Canadian province of Ontario. The decision comes amid ongoing regulatory pressure on digital asset trading platforms that has already affected the operations of several exchanges. Crypto Exchange Binance Exits Canada’s Ontario Binance, which is one of the world’s leading cryptocurrency exchanges by daily volume, has …
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The Crypto Climate Accord Walks a Fine Line Between Self-Interest and the Greater Good
As the spotlight turns once again towards the environmental impact of blockchain technologies, support for the Crypto Climate Accord has come from curious corners of the industry, raising questions about its signatories’ motives. Authenticity of CCA’s Support Remains Debatable With concerns surrounding blockchain’s environmental impact garnering a lot of attention, the alarms have grown so …
JP Morgan: Bitcoin Bottom Not In, Turnaround Not Happening Until Price Hits This Level
Global investment bank JP Morgan is not optimistic about the price of Bitcoin heading into July as the threat of sell pressure looms on the horizon. Bloomberg reports that JP Morgan strategists are not lifting their bearish Bitcoin outlook, as a large Grayscale Bitcoin fund, GBTC, prepares to unlock more shares, giving BTC holders a …
‘Absolutely right’ to think of Bitcoin as the new gold — Mexico’s 3rd richest man
Bitcoin (BTC) is definitively the “new gold” for the third richest man in Mexico, Ricardo Salinas Pliego. In a tweet on June 27, Ricardo Salinas Pliego confirmed claims that he recommends Bitcoin as an investment rather than fiat currencies or gold. Pliego reiterates Bitcoin benefits Pliego, already well known as a Bitcoin proponent, has stuck by his …
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Hashing out a future: Is Bitcoin hash rate drop an opportunity in disguise?
China’s crackdown on Bitcoin (BTC) mining operations has led to a significant drop in the network’s hash rate, but industry participants believe it presents an incredible opportunity for the wider mining ecosystem. China has long been a major contributor to the Bitcoin mining space, at times accounting for more than 70% of the global hash …
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Bitcoin bounces off $30K amid ‘possibility’ of exit to mid-$40K range
Bitcoin (BTC) rose from a fresh $30,000 support challenge on June 27, continuing uncertain ranging which has worried traders. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin avoids sub-$30,000 “nuke” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting highs of $33,445 on Bitstamp Sunday. Saturday saw the pair drop back to $30,070, ultimately averting …
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Crypto needs a decentralized daily reference rate
“If you can’t measure it, you can’t manage it” is probably the most cited quote attributed to Peter Drucker, who is known as the father of management thinking. While the quote is apocryphal, nevertheless it gained its place in the pantheon of business books because it highlights the importance of reliable metrics in making sound …
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Africrypt Directors Deny Allegations They Fleeced Clients as Doubts Over Actual Value Missing Bitcoins Grows
According to new reports, Raees and Ameer Cajee, the two young directors of the recently collapsed crypto investment firm, Africrypt, have “categorically denied” allegations they fleeced clients. Instead, the brothers insist their company is the victim of a hack while also claiming that the media may be overestimating the value of the missing bitcoins. These …
French Court of Appeals Upholds Alexander Vinnik’s Sentence
A court of appeals in France has upheld the verdict in the case against BTC-e operator Alexander Vinnik. His lawyers vowed to continue the legal struggle against Vinnik’s return to Greece in order to avoid a likely extradition to the U.S. Court Confirms Vinnik’s 5-year Sentence for Money Laundering The Court of Appeals of Paris …
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Bitcoin’s Hashrate Recoups Some Loss, 2021’s Largest Mining Difficulty Drop Expected Next Week
On Saturday, Bitcoin’s SHA256 hashrate managed to climb back above the 100 exahash per second region after it slid to a low of 91 EH/s three days ago. Meanwhile, in five days the network’s mining difficulty change is approaching and it could see the difficulty drop over 20%. Bitcoin Hashrate Climbs Back Above 100 EH/s, …
Bitcoin’s Prevailing Sentiment Signaling Huge Breakout, According to Crypto Analyst Nicholas Merten
Popular crypto analyst Nicholas Merten has his eye on a key indicator that may be showing Bitcoin is hitting its bottom and preparing for a big breakout. In a new strategy session, Merten takes a look at the fear and greed index, which gauges the overall sentiment of crypto traders and investors by utilizing a …
Cardano, Ethereum and Two Altcoins To Catch Fire if They Can Hold These Price Levels: Michaël van de Poppe
Widely-followed crypto strategist Michaël van de Poppe says he’s keeping a close watch on the price action of Cardano, Ethereum and two low-cap altcoins as the digital asset market continues to show signs of weakness. In a new tweet, Van de Poppe tells his 346,800 followers that while Cardano has recovered a key level against …
Smart cities are the future, but they might threaten privacy
You might have heard the term “smart city” before — a futuristic, utopian idea that we might see implemented in the foreseeable future. Indeed, some metropolises — like Singapore, Seoul, Amsterdam, Oslo and Tokyo — are already on their way to becoming “smart.” So, what makes a city smart? That label is still quite abstract …
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