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“# Russia does ‘absolutely nothing’ to regulate crypto, RACIB head says ” Despite Russia adopting its first cryptocurrency law in January 2021, the country’s cryptocurrency market is still largely unregulated and is associated with a lot of uncertainty, according to a local industry advocate. Yury Pripachkin, head of the Russian Association of Cryptoeconomics, Artificial Intelligence…
“# Altcoin Roundup: Holding Bitcoin? Here’s how to put it to work in DeFi ” The long-awaited day finally came on Oct. 19 as the first Bitcoin (BTC) exchange-traded fund (ETF) went live on the New York Stock Exchange, thrusting the crypto asset into the limelight across mainstream news outlets and alternative media alike. Despite…
“# New proposal aims to raise Binance Coin value by burning BSC fees ” Amid the ongoing rally of Binance’s native token, Binance Coin (BNB), the developers of Binance Smart Chain (BSC) have proposed more measures to maintain the token’s deflationary model and improve its intrinsic value. According to a new Binance Evolution Protocol, BEP-95,…
“# Bitcoin price flash crashes by 87% to $8K on Binance.US ” Bitcoin (BTC) crashed to just $8,100 on Oct. 21 — but only if you were trading on Binance’s dedicated United States exchange, Binance.US. On Oct. 21, Binance.US suddenly printed a one-minute candle that took BTC/USD from $65,815 to $8,200 — a drop of…
“# Centric Swap leads ‘Uptober’ after a swift 1,000% gain. Here’s why it could go higher ” In the past few weeks, Centric Swap (CNS), a dual-token model that gives stakers a fixed hourly yield that “stabilizes over time as it self-regulates token supply to meet ongoing changes in demand,” has rallied more than 850%…
“# Binance continues push to become regulated crypto exchange with new hire ” Crypto exchange giant Binance has hired Mark McGinness, former head of international relations at the Dubai Financial Services Authority (DFSA), as its chief regulatory liaison officer. According to an announcement issued on Thursday, Binance stated that McGinness will contribute to the company’s…
“# Binance Coin eyes $560 next after BNB price ‘Cup and Handle’ breakout ” The ongoing price boom in the Binance Coin (BNB) market is painting a classic bullish chart pattern with an upside target of $560. Dubbed as Cup and Handle, the pattern appears when the price forms an advance that appears like a…
“# Binance to suspend Chinese yuan from P2P platform in December ” Binance crypto exchange officially announced on Wednesday that the company will delist the Chinese yuan (CNY) from its peer-to-peer trading platform on Dec. 31. Alongside terminating yuan trading pairs, Binance will continue further restricting access to its platform for users from mainland China,…
“# Binance to launch $1B fund to develop BSC ecosystem ” The Binance cryptocurrency exchange has announced a $1 billion accelerator fund to expand the capabilities of the Binance Smart Chain ecosystem and advance mainstream adoption across the financial technology sector. The exchange showcased the eight-figure fund in a tiered development model across four specialist…
“# Globetrotting Binance looks to Ireland for ‘centralized’ headquarters ” Under pressure from regulators around the world, major exchange Binance is looking to establish a headquarters in Ireland. Until now it has operated globally for years under what its chief executive, Changpeng Zhao (CZ) has described as a “decentralized” structure. An Oct. 6 report from…