The Autorité des Marchés Financiers (AMF), France’s authority responsible for regulating the financial market, has granted Binance’s registration to provide crypto-related services in the country. In a Wednesday update, the AMF included Binance France SAS in its list of registered digital asset service providers in France. The registration was a step toward allowing the crypto exchange to provide crypto-related services…
Argo Helios, a Texas-based subsidiary of London Bitcoin miner Argo Blockchain, has secured a $70.6 million loan from NYDIG to buy more mining rigs. The new loan follows the March announcement of a $26.6 million loan from NYDIG, which the company borrowed at an 8.25% interest rate, bringing the total amount borrowed from the New York-based investment manager to $97.2…
Gavin Newsom, Governor of California, signed an executive order today crafting a regulatory framework for companies operating in bitcoin and other cryptocurrencies. The EO combines a multitude of regulatory agencies set to define regulatory practices throughout a public process based on feedback from stakeholders. The order also initiates the creation of a workforce pathway and educational opportunities for those hoping…
The city of Shanghai has been in a month-long mandated quarantine, which confines its 25 million residents to their homes. Initially, the latest COVID-19 outbreak began in March of this year and developed into the worst infection zone since the beginning of the pandemic. As the virus infected hundreds of thousands of people, the extremely restrictive lockdown prevented residents from…
Interest rates are going up half a percentage point. But the cryptocurrency and stock markets are headed up by a lot more. The cryptocurrency market cap gained nearly 6% in 24 hours, with the top two coins—Bitcoin and Ethereum—both around that figure. The biggest gainer in the top 10 was Cardano‘s ADA, which tallied a 13% increase. BNB, XRP, Solana,…
The U.S. Federal Reserve (Fed) has raised interest rates by 50 basis points in its largest hike since 2000. Bitcoin briefly touched $40,000 after the Fed released its new monetary policy guidelines. Image source: TradingView. The central bank’s Federal Open Markets Committee (FOMC) said in a Wednesday statement that the decision was made to support its goals of achieving maximum…
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging…
Bitcoin (BTC) price has been stuck in a falling wedge pattern for the past two months and during this time it has tested the $37,600 support on multiple instances. Adding to this “bearish” price action, BTC is down 16% year-to-date, which is in line with the Russell 2000s performance. Bitcoin/USD 1-day chart at FTX. Source: TradingView The real driver of…
Coinbase and Brazilian company 2TM, the parent company of Mercado Bitcoin, have reportedly scrapped talks around the crypto exchange purchasing the firm. According to a Tuesday Bloomberg report, 2TM and Coinbase have ended discussions around the United States-based crypto exchange buying the Brazilian company, which was valued at more than $2 billion. It’s unclear what led to the purchase potentially…
Vive la Binance. France’s markets regulator, AMF (akin to the Securities and Exchange Commission in the U.S.), has registered Binance France as a “digital asset service provider” (DASP). French banking regulator ACPR approved the registration. The registration means France is the first major European country to explicitly allow Binance to operate within its jurisdiction. Moreover, Binance becomes the first major…
