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“# FTX wallet adds support for BUSD and BNB tokens on the Binance Smart Chain ” In what seems like an ongoing streak toward market penetration, prominent crypto exchange FTX has launched support for Binance Smart Chain BEP-20 tokens within its wallet services. While no official announcement was made, FTX CEO Sam Bankman-Fried confirmed the…
“# This key Bitcoin price indicator shows pro traders buying each dip ” Bitcoin (BTC) might have failed to sustain the $42,000 support, and for many, this is a slightly bearish sign. Interestingly, the downward move occurred shortly after Saudi Aramco, KSA’s largest oil exporter, denied claiming to start mining Bitcoin. Top traders at exchanges…
“# VGX, PERP and LUNA rally while Bitcoin price struggles to hold $38K ” Last week’s momentum in Bitcoin has all but faded as (BTC) price is once again below the $39,000 level with bears and bulls locked in a heated battle for market dominance. Data from Cointelegraph Markets Pro and TradingView shows that while Bitcoin price falters,…
“# HSBC UK reportedly cuts credit card payments to Binance ” Banks in the United Kingdom continue cracking down on Binance cryptocurrency exchange, with banking giant HSBC reportedly becoming the latest bank to cut payment channels to the platform. A series of alleged HSBC clients reported on Twitter this Monday that HSBC UK had suspended…
“# Some US lawmakers want Bitcoin miners to be exempted from proposed crypto taxes ” Lawmakers in the United States have called for caution regarding implementing a proposed tax policy that could have significant implications for America’s crypto space. As previously reported by Cointelegraph, an expanded crypto taxation regime was a last-minute addition to the…
“# Regulatory clarity for crypto would take 3 to 5 years, FTX CEO says ” Running a successful crypto business requires close attention to the cloud of regulatory changes put forth by governments. Sam Bankman-Fried, the CEO of a prominent crypto exchange FTX featured in a CNBC interview to discuss his efforts on this front. …
“# Singapore grants first regulatory in-principle approval to crypto exchange ” Independent Reserve, an Australian crypto exchange founded in 2013, has become the first cryptocurrency exchange in Singapore to receive an “in-principle approval” to operate as a fully regulated virtual asset service provider (VASP). In a letter from the city-state’s de facto central bank, the…
“# SEC chair wants robust crypto regulatory regime for the US ” Gary Gensler, chairman of the United States Securities and Exchange Commission (SEC), is reportedly keen on bright-line regulations for the country’s crypto space. Gensler expressed the SEC’s desire to install safeguards for crypto investors in America in a Bloomberg interview, stating: “If somebody…
“# Crypto.com enables withdrawals of USDC for users worldwide ” The digital asset exchange platform Crypto.com has now enabled withdrawals of USD Coin (USDC), meaning that users can withdraw the stablecoin and receive U.S. dollars at a one-to-one ratio directly to their bank account. The announcement comes just over a month after the platform launched…
“# Bitcoin outflows from centralized exchanges surge to 100K BTC monthly ” Bitcoin (BTC) outflows from centralized exchanges have surged to their highest level year-to-date, with roughly 40,000 BTC being withdrawn over the past seven days. According to Glassnode’s Monday “The Week On-Chain” report, Bitcoin outflows have accelerated to a rate exceeding 100,000 BTC per…