In February, Binance Australia Derivatives abruptly closed certain derivatives positions and accounts, citing investor classification compliance. Source: https://cointelegraph.com/public/index.php/news/binance-australia-derivatives-license-canceled-by-securities-regulator
Community members responded to the new development, with some praising Reddit’s marketing efforts and changing the anti-NFT narrative within the platform. Source: https://cointelegraph.com/public/index.php/news/reddit-deploys-gen-3-nft-avatar-contracts-on-polygon
North Carolina’s Buncombe County is considering a 1-year moratorium on new and existing Bitcoin mining operations in the area. The pause would give the county’s Board of Commissioners time to “develop standards and mitigation methods for intensive land uses that may pose detrimental harm to the natural environment,” reads a county document first reported by local news outlet News 13…
The largest economy in Africa has a foreign investment problem despite the exponential growth in crypto adoption. The National Bureau of Statistics (NBS) reported on Tuesday that foreign direct investment (FDI) in Nigeria, the largest economy in Africa, dropped by 33% last year due to a severe shortage of dollars, which discouraged crypto companies from expanding into the country. In…
Bitcoin (BTC) saw another failure to exit a tight trading range into April 6 as $28,000 again hung in the balance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analysis sees traders “compressing” BTC price Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading below the the $28,000 mark at the time of writing. The pair had approached $29,000 the…
The most significant advantages of trading cryptocurrencies are quick profit generation, secure value storage, low fees and universal accessibility. Meanwhile, crypto assets’ inherent risk and volatility count as disadvantages. The main benefit of cryptocurrency trading is the potential to generate quick profits by taking advantage of short-term price movements and market trends. Some cryptocurrency traders also value assets such as…
Australia’s securities regulator announced today that it would be canceling the operating license for Binance’s derivatives business. The specific entity is Binance Australia Derivatives, and the license allowed it to offer over-the-counter (OTC) derivative products to Australian users. Importantly, the cancellation comes a day after the crypto exchange requested the move, reads the announcement from the Australian Securities & Investments…
The nonfungible token (NFT) avatars were first introduced in July 2022, with the goal of empowering artists to create and sell their work. In addition, whenever users purchase a collectible, it can also be set as an avatar on Reddit’s website. The avatars were made available in August and generated thousands of dollars in sales for the artists. On April…
One of China’s leading insurers has backed the establishment of two crypto investment funds in Hong Kong. The business move comes against the backdrop of the region’s ambitions to become a hub for digital assets, and despite the negative regulatory attitude towards the market in the mainland. Chinese Insurance Giant Enters Crypto Space Through Hong Kong Subsidiary A Hong Kong-based…
The Australian Securities and Investments Commission (ASIC) has canceled the license of Binance Australia Derivatives after a targeted review of Binance’s operations in the country. “ASIC has today canceled the Australian financial services license held by Oztures Trading Pty Ltd trading as Binance Australia Derivatives,” the securities regulator stated in the official announcement on April 6. Following the license cancellation,…
