Australian regulator cancels Binance's license at ... - cyptoranking.com

2024-04-26

Popular crypto exchanges(2023 Update) 2024-04-26
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If you are searching for a new job and are contemplating working in the metaverse, the odds are good that you are reading this piece because you are doing just that. In the year 2022, there has already been widespread acceptance of the metaverse, which is the next version of the internet and is expected to play a significant part in how people communicate with one another, work, and play online. Bitcoin cash (BCH) price has reversed 10% to hit $225 on October 9 after conspicuously failing to clear the $250 resistance last week. With Bitcoin miners and crypto whales taking opposing positions, here’s how BCH price could react in the weeks ahead. Australian regulator cancels Binance's license at ...A statement from Volcano Energy chief strategy officer Gerson Martinez highlighted ongoing efforts by El Salvador to secure first-mover advantage as a Bitcoin-adopting nationstate: The price of Ethereum’s native token, Ether (ETH), has gained around 35% in 2023 so far. But its attempts to break above $2,000, a psychological resistance level, have witnessed strong bearish rejections multiple times.ETH/USD daily price chart. Source: TradingViewCointelegraph takes a closer look at the three likely reasons why Ethereum price has failed to decisively retake $2,000 since May 2022.Ethereum price paints bear cycle fractalEthereum’s inability to cross above $2,000 in 2023 resembles the bearish rejection near $425 from 2018 to 2019.ETH/USD weekly price chart. Source: TradingViewIn both cases, Ether appears to be in a recovery phase while eying close above its 0.236 Fib line of the Fibonacci retracement graph.From 2018 to 2019, the 0.236 Fib line was near $425 and was instrumental in limiting Ether’s recovery attempts. In 2023, the same line is near $2,000, enforcing itself again as a selling area and, thus, pressuring ETH’s price lower.Stronger U.S. dollar, BitcoinA strengthening United States dollar has dampened demand for Ethereum in recent months, thus reducing its ability to close decisively above $2,000.The prevailing negative correlation between top cryptocurrencies and the dollar has been the main culprit. In 2023, in particular, the weekly correlation coefficient between Ether and the U.S. Dollar Index (DXY) has been consistently negative, as shown below.ETH/USD and DXY weekly correlation coefficient chart. Source: TradingViewMeanwhile, Ethereum has largely underperformed Bitcoin in 2023 due to the ongoing spot Bitcoin ETF hype. For instance, the widely-tracked ETH/BTC pair is down 20% year-to-date. ETH/BTC daily price chart. Source: TradingViewAdditionally, the net capital held by Ethereum-tied investment funds has dropped by $114 million so far in 2023, according to CoinShares’ weekly report. In comparison, Bitcoin-based funds have attracted $168 million in the same period.Related: Time to ‘pull the brakes’ on Ethereum and rotate back to Bitcoin: K33 reportEthereum network activity dipsThe total value locked (TVL) across the Ethereum ecosystem has dropped from 18.41 million ETH to 12.79 million ETH so far in 2023. That underscores a reduced availability of funds, resulting in lower yields for investors, as JP Morgan analysts also warned recently.Ethereum TVL since 2019. Source: Defi LlamaThe declining TVL has accompanied a drop in the Ethereum network’s gas fees, which reached a yearly low on Oct. 5. #Ethereum's network has been particularly cheap to use, and this week's average fee level of $1.13 is the lowest since November, 2022. Though not a perfect signal by any means, lower $ETH costs generally lead to a rise in utility and price rebound. https://t.co/ymXFwGJh49 pic.twitter.com/PEGpXMmZ3q— Santiment (@santimentfeed) October 4, 2023

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Crypto Custody Firm Komainu Receives Custodial Approval from UK's FCA Last week, real-world asset project Backed issued a tokenized security product on Base which tracks a short-term iShares U.S. treasury bond ETF.9 factors to consider when choosing a blockchain consensus mechanism WazirX Exchange Review-Forbes Advisor INDIABTC could become a deflationary coin if the demand for it remains the same post the last BTC coin being minted. ByBit, an unregistered business, recently said it would stop serving U.K. customers as of October 8 in preparation for the new regulations. Some U.K. customers of Luno, which is likewise not registered with the FCA, have had their ability to invest in cryptocurrencies restricted. The Digital Currency Group also owns CoinDesk and Luno.Bybit isn't the only crypto company pulling out of the UK because of the new regulations. Last month, the payment processing giant PayPal said it will temporarily suspend its cryptocurrency services in the nation until 2024. Digital Currency Group, which operates the cryptocurrency exchange Luno, also announced that it would restrict the trading activities of certain of its U.K. customers.

Source: TradingViewThe Cardano price has increased by 1% in the past 24 hours, reaching $0.260110 as the wider cryptocurrency market barely moves today.ADA's rise means that it has become the ninth-biggest coin in the market in terms of capitalization, with the altcoin also up by 6% in a week and by 1% in the last 30 days.The cryptocurrency has also risen by 5.5% since the beginning of the year, and with the market showing some signs of long-term recovery earlier this week, Cardano's fundamentals could help it see more gains in the near and more distant future.Cardano Price Prediction as ADA Becomes Top 10 Coin in the World – Can ADA Reach $100?ADA is showing encouraging signs of strength at the moment, with its indicators warming up but still have plenty of space left to rise before the coin becomes overbought.Source: TradingViewIts relative strength index (purple) is rising to 60 after struggling to hit 40 around a week ago, with the coin's growing momentum potentially on course to increase further in the coming days.At the same time, ADA's 30-day moving average (yellow) looks as though it's about to begin rising up toward its 200-day average (blue), after having spent months well below the longer-term indicator.In other words, ADA has been oversold for too long, so today's rise could be the beginning of a much-needed recovery rally.There's no particular fundamental reason or piece of news as to why ADA is rising today, yet it needs to be remembered that Cardano continues to grow and develop as a layer-one blockchain network, and that its development ultimately means that ADA should rise sooner or later.Indeed, Cardano's total value locked in has risen by 220% since the beginning of the year, and given that this percentage far exceeds ADA's gains over the same period, it has to be concluded that the rising TVL is due to rising usage.Other signs of rising usage come from the data, which shows that Cardano now has 144 projects up and running on its platform, as well as 1,287 projects currently under development.Yes, Cardano's growth has been slow and steady, but it's arguable that it's closing in on reaching a critical mass that should see its adoption and usage rates increase considerably.And in turn, ADA is likely to rise in value with it, with the altcoin potentially on track to reach $0.30 in the next couple of weeks and then $0.40 in the final month of the year.Other Fundamentally Strong AltcoinsWhile ADA is a fundamentally sound token, its progress continues to be gradual, so traders looking for faster, above-average gains may be advised to look elsewhere at the moment.Presale tokens have provided one promising source of high returns this year, with Wall Street Memes (WSM), for example, already racing to 260th in the overall cryptocurrency market after its successful sale.And one of the most interesting presales happening right now belongs to TG.Casino (TGC), a decentralized casino platform that will combine online gaming and gambling with social networking.TG.Casino has already raised more than $400,000, despite the fact that its sale began only a couple of weeks, meaning that investors are quickly jumping on the coin in the belief that it could do well.What makes TG.Casino different from many of its rivals is that it will have a strong presence on Telegram, harnessing the messaging app's pre-existing communities to provide itself with a large and growing userbase.This use of Telegram will give TG.Casino an edge over its competition, with its base of supporters likely to help boost its native token and recruit further users.On top of this, TG.Casino will feature a wide assortment of online games and gambling experiences, which will give users the chance to earn rewards in TGC.As the platform's native token, TGC will be open to staking and will have a hard cap of 100 million, with 40% set aside for its presale, 20% going to staking rewards and 10% to gaming rewards, all of which will incentivize strong engagement from its community.To join the presale, new investors need only go the official TG.Casino website, where 1 TGC will cost $0.125 for the duration.From there, the coin will then list on exchanges once the sale has closed, potentially becoming another 2023 success story.Visit TG.Casino NowDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.Solana Price Prediction as Accumulation Continues at $20 Level – Can SOL Reach $1,000 in the Next Bull Run? Read more: The institution’s crypto self-custody planning guide How to Buy and Trade Dogecoin (DOGE)|IG InternationalRDNT / Tether US 1D (Source: TradingView) Axie Infinity’s average monthly players.

Most crypto trading strategies involve HOLDing, which is the hoarding of select tokens for as long as it takes for their values to soar. Spot traders don’t use this strategy. Rather, they engage in short-term trades to earn quick and steady profits. Starting from 13-10-2023 07:00, users will not have the option to add liquidity to the pools mentioned above. Centralized Cryptocurrency Exchange Development#BNB is a fair launch token. Ie, no one got free BNB tokens from the initial supply. The "team tokens" was never moved or used, it was only burnt. Source: PixabayBinance has disclosed a collaboration between its Sanctions Investigation Team and Israel’s Ministry of Defense in a counterterrorism operation against Iranian and Hezbollah terrorist groups.A June 29 blog post revealed that this operation aims to track down terrorism financing operations linked to Islamic Revolutionary Guard Corp, Quds Force.This effort demonstrates Binance’s commitment to fostering security in the global crypto and blockchain ecosystem.Binance Sanctions Investigations Team Seize Millions of Dollars Linked to Iran’s Terrorist GroupAccording to the blog post, Binance collaborates with global law enforcement agencies and regulators to fight illicit cyber financial crime and repel bad actors. Through its collaboration with the Israeli defense ministry, Binance aided in seizeing millions of dollars in cryptocurrency stolen by Iran’s Quds Force for terrorism financing. The Binance Sanctions and Counter-Terrorist Financing Investigation team helped identify the terrorist and circumvent their operation.The crypto exchange noted that the team only targets sanctioned entities, not innocent cryptocurrency users. After the recent crackdown, Israel's National Bureau of Counter Terror Financing (NBCTF) and Israeli National Cybercrime Unit commended Binance’s team for contributing to the fight to preserve global security.Also, the Binance team said it is pleased with the successful crackdown against the Iranian Islamic Revolutionary Guard Corps-Quds Force funding. Fight Against Cybercrime and Crypto-related Terror Financing The current cryptocurrency landscape is particularly susceptible to bad actors who hijack innocent user funds for illicit activities.The crime could be partly due to the scanty regulations in the market. However, Binance noted that its team keenly monitors these illicit activities by identifying and flagging operations by sanctioned and suspicious accounts.Keeping the crypto market free from bad players is crucial to facilitating mainstream crypto adoption. According to Binance, “a critical element of keeping the crypto markets open across the globe is ensuring the markets remain clean and free of illicit actors.”This case wasn’t the Binance team's first time working with law enforcement agencies to fight financial crimes. The June 29 blog post revealed that the Binance Investigations team worked on over 47,000 cases with law enforcement agencies. The team disclosed that it has helped freeze and seize over $1 billion in illicit transactions and funds, with $900 million this year alone. To accelerate efforts in mitigating financial and cybercrimes, Binance created a coordinated training program dubbed Law Enforcement Training Program across the globe. The aim is to assist law enforcement agencies and prosecutors in detecting financial crimes and prosecuting bad actors.Cryptocurrency has become a preferred medium used by terrorist groups to launder illicit funds and finance their operations. This is mainly due to the anonymity offered by crypto transactions. A notable example is North Korea's Lazarus Group, a notorious cybercrime organization that steals user funds from crypto firms. So far, Lazarus Group has allegedly stolen billions of dollars in cryptocurrency from different protocols. Law enforcement in various jurisdictions, including the EU, are working to prevent terrorists and criminals from evading anti-money laundering laws using cryptocurrency.Andreessen Horowitz's Crypto Arm to Establish London Office – Next Crypto Hub?

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