Binance Faces Regulatory Issues in Lithuania for Offering Derivatives Services - cyptoranking.com

2024-05-09

Popular crypto exchanges(2023 Update) 2024-05-09
Image: cyptoranking.com

Source: amazing studio/AdobeChinese officials say uptake for the digital yuan is rising among overseas visitors – while more citizens are receiving their salaries in CBDC wallets.Per the Hangzhou Daily, state-run banks in the Hangzhou Asian Games Village “welcomed delegations [athletes and coaches]” from across Asia at special digital yuan “demonstration” booths.The overseas “delegations” were shown how to use the digital yuan to “make purchases” at various stores in and around the Asian Games Village.Athletes and others were able to “experience the safety and convenience” of the coin “first-hand” at the games, which concluded on October 8.The event was the first major international showcase for the coin.And China marked the event by releasing a slew of new CBDC features aimed at foreign visitors.These include an English-language version of the central bank’s digital yuan app and a link to Hong Kong’s FPS payment platform.An excerpt from the Chinese central bank’s CBDC usage guide for foreign travelers. (Source: PBoC/Yicai/Screenshot)State-run banks, meanwhile, have begun promoting the coin to international students at Chinese universities.Per Xinhua (via the China Economic Daily), visitors to China can now “register and open a digital yuan wallet with an overseas mobile phone number.”They can also top up their wallets with overseas Visa and MasterCard bank cards.And non-Chinese residents can also use QR codes from Alipay and UnionPay to make payments in Mainland China “through some overseas wallets.”An Industrial and Commercial Bank of China spokesperson said:“Previously, foreigners coming to China could only ‘pay-as-they-go’ when using digital yuan wallets. But new functions let them ‘top up first, and use later.’ This will make the payment process shorter and make for simpler and more friction-free transactions.”But it appears that the CBDC is not the only Chinese payment system to have benefited from the games.The same media outlet quoted Alipay data as showing that “since the start of the Asian Games, the average number of daily payments made by inbound tourists on Alipay increased by 69%.”Dong Ximiao, the Chief Researcher at the China Merchants Union, stated:“Convenient and novel forms of cross-border payment can optimize the payment experience for overseas tourists coming to China. This will further drive the Chinese retail market.”A Weibo user shares a promotional image explaining how JD.com users can receive CBDC-related discounts. (Source: (年少轻狂最情深661/Weibo)Overseas Visitors’ Digital Yuan ‘Uptake Rising’ – and More Chinese Now Paid in CBDCMeanwhile, more Chinese state-operated firms are now paying their staff in digital yuan tokens.Last month, the state-run bureau that runs financial operations at the Zhongkai High-tech Industrial Development Zone in Huizhou, Guangdong Province, said it would begin paying its staff using the CBDC.And the Huizhou Daily reported that the bureau has now successfully carried out its plan.The media outlet reported that the bureau “paid digital yuan wages to 1,211 [Community Party-appointed officials] and employees in 25 district-level agencies and public institutions.”The move marks the first time workers in the province have received the entirety of their salaries in CBDC tokens.City officials claimed that 649,000 personal digital yuan wallets have been opened in Huizhou thus far.Some 55,000 corporate wallets have also been opened in the city.Earlier this year, the city of Changshu, in Jiangsu Province, said that “all public officials and employees of state-owned enterprises” would be paid in digital yuan starting in May 2023.Biggest Crypto Gainers Today on DEXTools – VS, OPOE, QLINDO *This is not investment advice.ETH Drops To One-Month Low: What's Ahead For Ethereum? Binance Faces Regulatory Issues in Lithuania for Offering Derivatives ServicesBuilding on prior efforts since 2022, the Secretariat of Innovation and Digital Transformation in Buenos Aires has been working with Extrimian and other tech companies, including IOV Labs, OScity and Xcapit, as well as the local community. High Gas Fees Alert: Binance Wallet Records $840,000 in Abnormal Ethereum Charges

Exchange Rankings Crypto
Image: cyptoranking.com

Marathon Digital, a leading Bitcoin mining firm, reported a staggering 245% increase in Bitcoin production compared to September 2022. In September 2023, they mined a total of 1,242 BTC, marking a 16% increase from August. The fork will allow some holders to profit via arbitrage. The Nouns price floor fell to as low as 25 ETH in recent weeks, per NFT Price Floor, and the current Noun book value is around 27 ETH, or roughly $42,500, according to a Dune dashboard. A List of Cryptocurrency Exchanges For BeginnersShiba Inu (SHIB) Price Prediction | Global In/Out of the Money (GIOM) data | Source: IntoTheBlock Crypto Funding Woes Continue in Q3 2023

The Regulation Roadmap Love him or hate him, when Arthur Hayes speaks, people listen. Last week, as a guest on Impact Theory with Tom Bilyeu, Hayes made the case for why he believes Bitcoin (BTC) price will hit $750,000 to $1 million by 2026.Hayes said,“I absolutely agree that there is going to be a major financial crisis, probably as bad or worse than the great depression, sometime near the end of the decade, before we get there we’re gonna have, I think, the largest bull market in stocks, real estate, crypto, art, you name it, that we’ve ever seen since WW2.” Hayes cites the nearly-predictable response of the United States government rushing in to intervene in every economic crisis with a bail out as a key catalyst behind the structural problems in the US economy. He explained that this essentially creates an endless cycle of central bank printing, which leads to inflation and prevents the economy from going through natural market cycles of growth and correction. “We all have collectively agreed that the government is there essentially to attempt to remove the business cycle. Like, there should never be bad things that happen to the economy and if there are, we want the government to come in and destroy the free market. So every time we’ve had a financial crisis over the past 80 years. What happens? The government rushes in and they essentially destroy some part of the free market because they want to save the system.”Let’s take a quick look at a few of the catalysts that Hayes believes will back Bitcoin’s move into six-figure territory. Mounting debt and out of control inflation. According to Hayes, mounting government debt, a large amount that needs to be rolled over, and diminishing productivity can only be addressed with money printing. While monetary expansion does lead to bull markets, the consequence tends to be high inflation. “In the first instance it creates a massive bull market in stocks, crypto, real estate, things that have a fixed supply, maybe they’re productive and have some earnings. But after that, we’re going to find out that, actually, the government can save everything. It can’t just print as much money as they think to try to save themselves by fixing the yield and price of their bonds and we’re going to get a generational collapse.” Hayes expects a “massive top” at some point in 2026, followed by a great depression-like situation occurring by the end of the decade.The US Government bankrupted the banking systemWhen asked about future contributors to inflation, Hayes zoned in on the $7.75 trillion in US debt that must be rolled over by 2026 and the yield curve inversion in US bonds. Traditionally China, Japan and other nations were the main buyers of US debt but this is not the case anymore, a change which Hayes believes will exacerbate the situation in the states. Why do I love these markets right now when yields are screaming higher? Bank models have no concept of a bear steepener occurring. Take a look at the top right quadrant of historical interest rate regimes.It's basically empty. pic.twitter.com/P6MQnCU73N— Arthur Hayes (@CryptoHayes) October 4, 2023 Trust Wallet: Best Cryptocurrency Wallet|Ethereum Wallet ...In the fast-paced world of cryptocurrencies, the movements of big players, or ‘whales’, can often provide early warning signs of impending market shifts. To help citizens safeguard their investments and digital assets, the police have outlined five crucial precautions to take when engaging in virtual investment activities:

The fact that the Ethereum Foundation, a central entity in the Ethereum space, fell victim to such an attack raises eyebrows. It brings forth questions about the security measures in place and the vulnerabilities that exist even for seasoned players in the crypto arena. "The Court should reject Coinbase's attempt to narrow and misapply the established legal framework in order to avoid being subject to the same regulatory obligations as all other participants in the Nation’s securities markets. And the Court should decline to treat digital assets as somehow special," the association said. Buy and Sell Cryptocurrency with CADToken Burning Proposal: Just ahead of the AI unveiling, Baby DogeCoin proposed a major token burn. This proposal sought to burn over 5 quadrillion BABYDOGE tokens, which would reduce the circulating supply by nearly 50% at current levels. Transaction Fee By Chain, Ethereum, TRON, Other Blockchains. Source: Jamie Coutts

Have an opinion on this story? Share it!