Binance Singapore withdraws crypto license application
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Binance Singapore withdraws crypto license application

Crypto exchange Binance has withdrawn its license application for pursuing digital payment token (DPT) services in Singapore. Starting today, Binance.sg has stopped onboarding new users and will not allow Singaporeans to deposit cryptocurrencies or fiat on the exchange. By Feb 13, 2022, Binance plans to “wind down” all services that relate to dealing with cryptocurrency tokens. However, the exchange announced…

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Russia to Allow Foreign Residents to Own and Use Digital Ruble
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Russia to Allow Foreign Residents to Own and Use Digital Ruble – Finance Bitcoin News

The central bank of Russia intends to ensure that the digital ruble is convertible to foreign currencies and can be used by non-residents. In a document devoted to the digitalization of the Russian financial sector, the regulator reiterates its concerns over the risks associated with cryptocurrencies and insists that state-issued digital currencies are safer. Bank of Russia to Give Foreigners…

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Threat of Nested Exchanges and What Binance Is Doing to Combat Them – Sponsored Bitcoin News
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Threat of Nested Exchanges and What Binance Is Doing to Combat Them – Sponsored Bitcoin News

sponsored Nested exchanges are becoming a popular tool for money launderers. Learn all about nested exchanges/services and what we’re doing to combat them as well as how to avoid them and why accounts get blocked or frozen because of them. Main Takeaways: A nested exchange provides crypto trading services through an account or wallet on an existing host exchange. Nested…

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Korean Officials Quit Jobs to Join Crypto Industry, Lawmaker Reveals
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Korean Officials Quit Jobs to Join Crypto Industry, Lawmaker Reveals – Bitcoin News

Public officials in South Korea are increasingly choosing career opportunities in the cryptocurrency sector. Some of them come from financial authorities which raises ethical questions, according to the findings of a Korean lawmaker, quoted by local media. Former Financial Officials Hired by Major Korean Exchanges A growing number of officials in Seoul are vacating their government posts and moving to…

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90% Of All 21 Million Bitcoin Have Been Mined
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90% Of All 21 Million Bitcoin Have Been Mined

Over 90% of the total amount of bitcoin that will ever exist has already been mined, according to data from the Clark Moody Bitcoin Dashboard. As the monetary network advances in awareness and usage worldwide, fueling an increased demand for BTC, a sudden and robust supply shock might become inevitable. The Bitcoin network, the only form of digital cash that…

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Analyst Expects US to Embrace Crypto With Proper Regulation in 2022 – Sees 'Refreshed' Bitcoin Bull Market
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Analyst Expects US to Embrace Crypto With Proper Regulation in 2022 – Sees ‘Refreshed’ Bitcoin Bull Market – Markets and Prices Bitcoin News

Analyst Mike McGlone with Bloomberg Intelligence has shared his outlook for the cryptocurrency market going forward. “We expect the U.S. to embrace cryptocurrencies in 2022, with proper regulation and related bullish price implications,” he detailed. Noting that “Bitcoin appears to be on a trajectory for $100,000,” the analyst added that we are likely to see “A paused, corrected and refreshed…

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Fractional NFT Markets See Significant Growth in 2021 as Market Cap Surpasses $200 Million
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Fractional NFT Markets See Significant Growth in 2021 as Market Cap Surpasses $200 Million – Blockchain Bitcoin News

While the non-fungible token (NFT) economy has exploded in value, another sector of the NFT industry called fractionalization has seen immense growth. A bunch of projects today are dealing with fractional NFTs, which are basically NFT assets chopped into a number of pieces and shared among a community of holders. According to statistics on Sunday, fractional NFTs have an overall…

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ZK-rollups step into the limelight after the quest to scale Ethereum evolves
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ZK-rollups step into the limelight after the quest to scale Ethereum evolves

Scalability on the Ethereum (ETH) network has been a point of contention within the cryptocurrency ecosystem for years, primarily due to high fees and network congestion during periods of peak demand. The latest solution to emerge as the final fix to Ethereum’s scalability woes are Zero-knowledge rollups (ZK rollups), a form of scaling that runs computations off-chain and submits them…

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