[ad_1] North Dakota’s financial market regulator has become the latest to revoke the money transmitter license of Binance.US, operated by BAM Trading Services. It has become the seventh US state to do so, as Alaska, Florida, Maine, North Carolina, and Oregon already took similar actions earlier.Binance.US Losing US State LicensesThe order issued on 4 June 2024 highlighted that Binance.US “has not continued to meet the qualifications or satisfy the requirements that apply to an applicant for a new money transmission license.”Justifying the move, the regulator noted that the license cancellation was “necessary and appropriate in the public interest for the…
Author: dfrancis36
[ad_1] The crypto industry received a significant jolt of clarity and optimism as the US Securities and Exchange Commission (SEC) concluded its investigation into Ethereum 2.0, announcing that it will not pursue any enforcement actions. This decision marks an important victory for Ethereum and could serve as a critical reference point for the treatment of digital assets under US securities law. Ethereum Is Not A Security In 2018, the SEC made a key distinction that Ether was not a security. However, by 2023, amidst evolving functionalities and the transition to Ethereum 2.0, the SEC revisited this stance, hinting at possible…
[ad_1] In the modern world, cryptocurrencies and blockchain technology are becoming increasingly popular, attracting the attention of investors and users from all over the world. One of the ways to make money with cryptocurrencies is staking, which offers the opportunity to earn passive income by participating in cryptocurrency networks. In this article, I will talk about my experience in the crypto market and my path into DeFi staking, the specifics of working on the Enthusiasts platform, and the opportunities to make money with crypto staking in 2020. We will explore the concept of crypto staking, with a special focus on…
[ad_1] Bitcoin (BTC), the largest cryptocurrency by market capitalization, experienced a significant decline on Tuesday, echoing the broader downtrend in the cryptocurrency market. Fueled by worries about the global economy and reduced summer liquidity, Bitcoin dropped below the $65,000 mark for the first time since May 16. Notably, Ethereum (ETH) also faced a 4% loss, trading at $3,400, while other cryptocurrencies, such as XRP, Solana (SOL), and dogecoin (DOGE), suffered even bigger declines. Market Uncertainty Persists Marko Jurina, CEO of Jumper.Exchange, a decentralized exchange (DEX), highlighted that during economic and market uncertainty, traders often sell at a discount to minimize…
[ad_1] Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Builders of new payment frameworks on the continent will share their insights on shaping “cowrie shell” systems for the digital age. MODERATOR: Hwalani Mabaso , Country Director | Women in Tech South Africa Provincial General Manager | Absa SPEAKERS: Nthabiseng Sibanda, Regional Head: Payments, Africa…
[ad_1] Market expert and Bitcoin advocate Timothy Peterson has highlighted the importance of Bitcoin’s growth rate in difficulty as a potential indicator for a surge in its price amid a sharp correction in recent days that led to a price drop below $65,000 for the largest cryptocurrency on the market. In a recent social media post, Peterson suggested that the network’s expanding difficulty, a key metric that measures the computational effort required to mine new blocks on the blockchain, could pave the way for Bitcoin to reach $100,000 by the end of the year. Bitcoin’s Difficulty-Price Relationship Peterson noted that…
[ad_1] The cryptocurrency market is synonymous with incredible gains and dramatic price fluctuations. What seems like a well-performing, perfectly balanced portfolio today can become lopsided tomorrow. This is where the concept of crypto rebalancing comes in.Let’s dive into what cryptocurrency rebalancing is and why rebalancing your crypto portfolio matters for your investment strategy and how to implement it effectively.What Is Crypto Rebalancing?Imagine you’ve meticulously crafted a crypto portfolio, allocating specific percentages to Bitcoin, Ethereum, Solana, Chainlink, and other promising projects.But as the market churns, one coin experiences a surge, throwing your initial allocation off balance. This is where rebalancing comes…
[ad_1] In a thread on X, Miles Deutscher, a renowned figure in the crypto analysis sector, has dissected what he views as a critical flaw in the current altcoin market. Addressing his extensive following, Deutscher elaborated on the impact of the rapid increase in the number of new crypto tokens, an issue he believes to be at the core of the altcoins’ underperformance in this cycle. The Proliferation Of Crypto Since April 2024, the crypto landscape has witnessed the introduction of over 1 million new crypto tokens, with a notable half of these being memecoins created primarily on the Solana…
[ad_1] The Securities and Exchange Commission (SEC) is closing its investigation into Ethereum, the second-largest cryptocurrency by market capitalisation, as a security, Consensys confirmed today (Wednesday).Ethereum Is Not a Security“The Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,” the tweet by the company stated, adding: “This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.”Consensys further confirmed that the decision came after the US-based blockchain firm sent a letter to the regulator on June 7 asking to “confirm that the May ETH ETF approvals,…
[ad_1] A man has been accused of breaking Taiwan’s President and Vice President Election Recall Act after using an online crypto-gambling site to wager on the presidential elections. Thirty people have been detained in Taiwan for betting on the country’s electoral results. Man Detained For $500 Crypto Betting On Monday, Taiwanese news outlet LTN revealed a man is facing charges for allegedly breaking the election recall act at the end of 2023. The Prosecutor’s office in the Shilin District accused a man with the last name “Chen” of using the crypto-betting site Polymarket to wager around $500 on the presidential…