Correlation does not imply causation, but these 3 indicators did signal prior to Bitcoin’s recent push to $49,000. In stock markets and the crypto sector, traders are always looking for a definite reason to explain an asset’s price action, which means it’s important to stress that correlation doesn’t imply causation. While it may be easy…
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According to the latest UN statistics, global money laundering transactions reach up to $2 trillion a year. A small fraction of that huge amount passes through the digital assets ecosystem, and responsible actors in it are working to bring that down even more. As the world’s leading cryptocurrency exchange, Binance has especially taken it upon…
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Major cryptocurrency exchanges are cutting ties with users in China following the latest crypto crackdown announcement by the Chinese government. Huobi has stopped letting new users in China sign up for its services while Binance has blocked account registrations using Chinese mobile phone numbers. Major Crypto Exchanges Stop Signing Up Chinese Users Following China’s latest…
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Binance is terminating some services in Singapore, including fiat deposit services and spot trading of cryptocurrencies, to comply with the country’s regulations. The exchange has already ceased trading in Singapore dollars. Binance Scaling Down Services in Singapore Cryptocurrency exchange Binance announced Monday some changes to its offerings in Singapore. The company wrote: With effect from…
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The crypto exchange giant has announced further restrictions to its operations in Singapore amid regulatory scrutiny. Binance has announced some changes to its crypto trading services for customers in Singapore. According to a statement on its website published on Monday, Singapore-based users will be geo-fenced from certain account functions on the Binance.com website. Binance users…
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Are stablecoins really stable? An in-depth case study based on the third-biggest stablecoin in the world answers the industry’s most pressing concerns. Stablecoins have emerged as significant players in the crypto market this year, driven by user demand for flexible liquidity in fiat currency times. These currencies are defined as a type of digital currency…
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Binance users in Australia have 90 days to close their positions for futures, options and leveraged tokens. Binance, the world’s largest cryptocurrency exchange by trading volume, continues limiting its services amid the ongoing global regulatory scrutiny, announcing new trading restrictions in Australia. Existing Binance users in Australia will have 90 days to reduce and close…
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Binance’s troubles with regulators grow as U.S. authorities are now reportedly investigating the exchange for possible insider trading and market manipulation. The investigation involves the Commodity Futures Trading Commission (CFTC). The Justice Department (DOJ) and the Internal Revenue Service (IRS) have also been investigating Binance on a separate issue. Binance Probed for Possible Insider Trading,…
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Binance, the leading cryptocurrency exchange, has announced it is preparing changes to be able to work with regulators more closely. Its CEO, Changpeng Zhao, stated the company is ready to apply the needed revisions to transform the exchange into a regulated financial institution in the future. This is Binance’s answer to a series of regulatory…
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The CryptoCompare report ranked the performance of several crypto exchanges across metrics such as security and asset diversity to conclude their findings. Recent data from market analyst firm CryptoCompare reveals that the leading six cryptocurrency exchanges, as per the company’s analytical model, were responsible for a three-year high in spot volume throughout the month of…
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