(Bloomberg) — Binance Holdings Ltd. must stop offering services regulated in Singapore after a potential breach of local payment rules, adding to a mounting list of jurisdictions scrutinizing the world’s largest cryptocurrency exchange.Binance may be in breach of the Payments Services Act for providing payment services to, and soliciting business from Singapore residents without an appropriate license, the Monetary Authority of Singapore said Thursday, in response to questions from Bloomberg.As
Crypto is making a steady recovery as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) have traded higher by more than 20% over the last month. The most interesting part of the recent crypto rally is that Bitcoin dominance has been steadily declining, Cumberland’s Chris Zuehlke said Thursday on CNBC’s “Squawk On The Street.” Bitcoin dominance is near an all-time low, Zuehlke said. Bitcoin dominance is the measure of Bitcoin’s market cap relative to the market cap of the rest of the crypto indust
Cryptocurrencies have seen massive adoption over the past year. Although cryptos are somewhat still the new kid in the financial block, they are far from delivering their promise as a revolutionary replacement to existing currencies.
Bitcoin (BTCUSD) rose above $50,000 Thursday for the first time since Aug. 23, ahead of the Sept. 7 deadline for the cryptocurrency to become El Salvador’s legal tender. At last check the cryptocurrency was trading at $49,970, up 5.2% during the past 24 hours, according to data provider Messari. The news came after ether (ETHUSD) the second largest cryptocurrency by market capitalization, rose above $3,800 on Wednesday for the first time since May, when its price reached an all-time high.
What Happened: Alexander Lukashenko, the president of Belarus, wants his government to get in on mining cryptocurrency. Russian publication RBC news reported that the president of the Eastern European country presented crypto mining as a lucrative opportunity in a recent public gathering. Lukashenko advocated for mining cryptocurrency on the home ground rather than seeking low-paying farming jobs overseas at the opening of the Petrikovsky mining and processing plant earlier this week. He urged e
The former President of the United States, Donald Trump, has branded cryptocurrencies a potential “disaster waiting to happen”. The ex leader also expressed his doubts and worries about digital money saying that it could “be fake”.
Binance founder Changpeng Zhao says its U.S. crypto exchange arm targets IPO in three years -The Information
Global cryptocurrency exchange Binance’s founder and chief executive officer Changpeng Zhao said that its U.S. arm could have an initial public offering in the next three years, The Information reported https://bit.ly/3jBIOAT on Wednesday. “Binance.US is just going to do what Coinbase did,” Zhao said, according to the report. Binance.US is also set to close on a large private fundraising round in the next two months that should reduce his control of the board, Zhao said in an Zoom interview with The Information.
Yahoo Finance Video
Anjalee Khemlani joins Myles Udland and Brian Sozzi to give an in-depth analysis into the latest news surrounding the COVID vaccine, which includes: The departure of two senior FDA vaccine leaders ahead of the agency’s decision on boosters, the Israeli Health Ministry publishing data that supports the claim of Pfizer boosters offering additional protection against COVID, and a new study showing Moderna’s vaccine produces double the number of antibodies of Pfizer’s shot.
Cryptocurrency has transformed the traditional investing landscape and provided an opportunity for some traders to be successful. It’s an exciting new financial frontier that has attracted millions of investors looking to trade cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). This means there is stiff competition in the market. How do you get an edge over the competition? TradeStation Crypto, Inc. aims to be the best one-stop-shop for crypto traders to gain a competitive advantage thro
The market’s legendary investors built their names, and their fortunes, on success, the paths they followed were as varied and interesting as in any human endeavor. And one of the best such stories for market success is that of Israel Englander. Englander is one of the true geniuses at work in the stock markets today. In 1988, with $35 million in seed money, Englander started Millennium Management. In the decades since, Englander had grown his firm into a $50 billion behemoth. In short, when Eng
(Bloomberg) — When Broadcom Inc. reported slower sales growth than some of its peers on Thursday, Chief Executive Officer Hock Tan gave a surprising reason: It was on purpose. Even with demand for its chips surging, the company is tightly controlling which orders it fills, he said on a conference call Thursday following Broadcom’s third-quarter report. The idea is to sacrifice some current sales to avoid creating a glut in the future. “We can show bigger numbers, but that means we will build in