Month: July 2022

Binance fined $3M over illegal operations in the Netherlands

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Major global cryptocurrency exchange Binance is facing a penalty in the Netherlands after failing to obtain regulatory approval to operate in the country. The central bank of the Netherlands (DNB) has fined Binance Holdings 3.3 million euros ($3.3 million) for offering local crypto services without registration with authority. The Dutch central bank officially announcedย Monday that the regulator imposed the administrative fine in April 2022. The DNB pointed out that any company offering crypto services in the Netherlands is obliged to register with the central bank in compliance with the Money…

India needs global collaboration to decide on crypto’s future, says finance minister

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Indian finance minister Nirmala Sitharaman has called for global collaboration on cryptocurrencies, assessing their pros and cons to form a common standard and taxonomy. Addressing a question on cryptocurrency in the Lok Sabha, the lower house of the Indian parliament, Sitharaman said that the Indian central bank had advised the government to prohibit the use of cryptocurrencies as it poses a risk to financial stability. However, the government is looking for a global approach. She said: “Any legislation for regulation or banning can be effective only after significant international collaboration…

Bitcoin per transaction cost goes down every four years, coincidence?

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Diving deep into the thirteen-year-old Bitcoin (BTC) ecosystem makes one come across interesting patterns powered organically by investor sentiment and market conditions. With BTCโ€™s per transaction cost coming down to $56.846 on July 14, the ecosystem unveiled a cycle wherein the per transaction costs invariably fall every four years. The cost per Bitcoin transaction is calculated by dividing miners’ revenue by the number of transactions, thus implying an unpredictive trend โ€” however, data from Blockchain.com reveals a pattern many would find satisfying. Bitcoin cost per transaction YTD. Source: blockchain.com The…

Blockchain can make social media interoperable, says

While the critics cast doubts on some of blockchainโ€™s use cases during the crypto winter, one of the most prominent community figures laid out some points that cement blockchainโ€™s position as a disruptive technology.ย  On Twitter, FTX crypto exchange CEO Sam Bankman-Fried highlighted use cases for blockchain and explained how some industries could benefit from integrating the tech. According to Bankman-Fried, blockchain technology can simplify payments, solve stock market flaws and revolutionize social media. Bankman-Fried said that there are many issues surrounding cross-border payments. The FTX CEO laid out several…

Cynthia Lummis Just SAVED Cryptocurrency in the USA (ACTUAL CHRISTMAS MIRACLE)

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Senator Cynthia Lummis to introduce 2022 crypto bill for USA! Let’s discuss the LATEST news for bitcoin, ethereum, metaverse altcoins, & MORE! SLAP THE LIKE BUTTON! ๐Ÿ‘‹ ๐Ÿ’ฐ Top Crypto Investing Strategy into 2022 | Anthony Pompliano Interview ๐ŸŽธ Gene Simmons REVEALS His 10x Cryptocurrency Portfolio for 2022 (Top 2022 Altcoins) ๐Ÿ“ˆ Raoul Pal Reveals His Top Altcoins to Watch RIGHT NOW Altcoin Daily, the best cryptocurrency news media online! Is ethereum a good investment 2022? What will ethereum be worth in…

Crypto Analyst Predicts Ethereum Challenger Solana Rips Hard, Says One Exchange Token Looks โ€˜Juicyโ€™

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A popular analyst says that Ethereum challenger Solana (SOL) appears primed to sustain its bullish ascent as one exchange token trades in an area that offers a favorable risk to reward ratio.ย  The pseudonymous trader known as Cantering Clark tells his 140,300 Twitter followers that the right market conditions could help Solana put together a sizable rally after SOL took out both its diagonal and horizontal resistances.ย  โ€œIf the market sustains this push by ETH, SOL rips much higher. Bunch of open interest and risk tagged on on the way…

Binance Fined Over $3.3M by Dutch Central Bank

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