Day: December 14, 2022

White House silent on whether it will return $5.2M in donations from SBF

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White House press secretary, Karine Jean-Pierre, declined to answer questions from a reporter on whether United States president Joe Biden will return the $5.2 million in campaign donations previously given by FTX founder Sam Bankman-Fried. “Will the president return that donation?” Associated Press reporter Zeke Miller asked in a Dec. 13 press briefing, “does he call on all politicians who got campaign donations that may have come from customer money to return those funds?” “I’m covered here by the Hatch Act,” Jean-Pierre responded, adding she was “limited on what I…

Binance US finally rolls out mobile payments service to US customers

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United States crypto exchange Binance US has finally rolled out its Binance Pay service — some 22 months after the feature was launched by the global exchange to its customers outside the U.S. in 2021. The service, which had a beta version rolled out globally in Feb. 2021 for peer-to-peer payments which was expanded to include merchant transactions on Mar. 12, allows mobile users of the Binance app to instantly transact nearly 150 supported cryptocurrencies without fees. A Dec.13 blog post from Binance US clarifies that Pay transactions will feature zero…

Australian ‘token mapping’ consultation paper to release in early 2023: Treasurer

Australian Treasurer Jim Chalmers has revealed that the government will release a consultation paper in early 2023 as part of its token mapping initiative. The crypto sector has received greater attention from Australian regulatory and enforcement agencies since the FTX implosion, with the government emphasizing the importance of providing greater consumer protection laws as soon as possible. In a Dec. 14 statement, Treasurer Chalmers noted that the Anthony Albanese-led government is “taking action to improve the regulation of crypto service providers and ensure additional safeguards for Australians.” As part of…

Mobile Payments Outpacing Debit Cards in Argentina According to Central Bank Reports – Fintech Bitcoin News

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Mobile payments are thriving in Argentina, leaving behind other traditional payment methods, including credit and debit cards. According to the central bank’s monthly report on retail payments, this kind of payment has thrived, representing 60% of the payments operations made, while plastic-based payment media has stagnated, registering a fall in use. Mobile Payments Keep Growing in Argentina Electronic contactless payments have been thriving in several countries of Latam, given the penetration of mobile cell phones in the area. The latest monthly report on retail payments issued by the Central Bank…

Breaking This Barrier Could Spark a Significant Surge

BNB price (Binance coin) found support near $255 against the US Dollar. BNB is rising and might gain pace if it clears the $285 resistance zone. Binance coin price started a recovery wave from the $255 support against the US Dollar. The price is now trading below $280 and the 100 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $285 on the 4-hours chart of the BNB/USD pair (data source from Binance). The pair could start a fresh rally if it clears the…

What Clicked for Snowfall Protocol (SNW) That Bitcoin Cash (BCH) and Litecoin (LTC) Missed?

Place/Date: – December 14th, 2022 at 5:27 am UTC · 3 min read Source: Snowfall Protocol Snowfall Protocol (SNW) has created a brand for itself in the short time of its existence. It has brought excitement to investors who like the utility it offers. On the other hand, established crypto like Bitcoin Cash (BCH) and Litecoin (LTC) offer a derivative cryptocurrency at best. They may have their advantages, but they are not enough to match the innovation of new cryptos like Snowfall Protocol (SNW). Snowfall Protocol (SNW) Snowfall Protocol (SNW)…

Ethereum Price Aim Big After Recent Breakout Above $1,300

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Ethereum gained pace for a move above the $1,300 resistance against the US Dollar. ETH is consolidating gains and might eye a fresh increase in the near term. Ethereum was able to clear the $1,280 and $1,300 resistance levels. The price is now trading above $1,280 and the 100 hourly simple moving average. There was a break above a key contracting triangle with resistance near $1,275 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct lower, but the bulls might be active near $1,280 and…

Tether to reduce secured loans to zero in 2023 amid battle against FUD

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The world’s largest stablecoin issuer, Tether, has pledged to eventually stop the practice of lending out funds from its reserves, saying it is “mission critical to restore faith” in the crypto market.  In a Dec. 13 post, the stablecoin issuer addressed recent mainstream media FUD (fear, uncertainty, and doubt) concerning its secured loans, among other FUD which have hit the “rumor mill.” Tether reiterated that its secured loans are over-collateralized and covered by “extremely liquid assets,” while also adding that the firm would be eliminating these loans throughout 2023, stating:…