Crypto Biz: The Year of Bitcoin

Faster Payments is no longer an option for Binance customers in Britain amid increasing regulatory pressure. Binance’s U.K. customers are currently unable t use the popular local payments provider, Faster Payments, to withdraw British pounds (GBP) from the exchange. On Monday, June 28, a notice on the Binance website declared that GBP withdrawals via Faster Payments…

Bitcoin price (BTC) traded broadly lower on Oct. 11 after sudden volatility broke a sideways trend in place since earlier in the week. Cryptocurrency market daily overview. Source: Coin360Bitcoin analyst prepares for range-bound tradingData from Coin360 showed BTC/USD circling $8,350 on Friday, having jumped to a local high of above $8,770 earlier. The enthusiasm was short-lived, with…

New research finds that regulated financial institutions can interface with decentralized finance via digital asset marketplaces. 1158 Total views 12 Total shares While public adoption of crypto assets is increasing, global regulations continue to progress and recognize decentralized technologies as a suitable infrastructure for the dematerialization of securities. In Luxembourg, the country that is second…

Binance recently added its own leveraged tokens, just weeks after removing similar FTX products from its exchange. Binance has launched new leveraged tokens, giving customers greater price swing accessibility. "Leverage Tokens are a tradable asset that gives users leveraged exposure to the underlying asset without the need of maintaining collaterals, margin maintenance and liquidation risk," Binance…

Japan’s self-regulation “experiment” for the crypto industry is reportedly not working as well as intended, according to local government and industry experts. Since 2018, the Japan Virtual Currency Exchange Association (JVCEA), a self-regulation entity, has been tasked with creating guidelines for the country’s crypto industry, with arguments at the time that the entity could be…

Japan`s financial services giant SBI Holdings is trialing a crypto token that can be used to make retail purchases with users’ smartphones. This was officially confirmed in a news release published September 25.The news release presents the trial as a key litmus test for blockchain’s possibilities and usefulness. SBI also alludes to the pseudonymous developer…

The non-custodial wallet will continue MoneyGram’s remittance focus allowing users to easily convert their digital assets to fiat. 109 Total views 3 Total shares Payment processing giant MoneyGram is all set to launch its own non-custodial crypto wallets, the company’s chief executive officer, Alex Holmes, announced during the Stellar Development Foundation annual Meridian conference.The non-custodial

The $900 million Bitcoin (BTC) weekly options expiry on May 12 might play a decisive role in determining whether the price will succumb below $27,000. Bitcoin price rejected again at $30,000BTC bears will try to take advantage of macroeconomic headwinds, Silk Road coins' FUD, and uncertainty caused by Bitcoin’s transaction fee spike to pull Bitcoin's price down in…

Randall Quarles, chair of the Financial Stability Board (FSB), has claimed that the potential scale of stablecoins such as Facebook’s Libra could present future “regulatory challenges.” Quarles voiced his opinion during a presentation at the European Banking Summit in Belgium on Oct. 3.FSB leads G20’s work on stablecoins going forwardQuarles specifically highlighted yet unreleased Libra stablecoin…