Since Hamas stormed into Israel 10 days ago, triggering a war and a siege of the Palestinian enclave of Gaza, Israeli law enforcement has been working with the public and crypto firms to block fund flows to the group, classified as a terrorist organization by the U.S., U.K. and many other jurisdictions worldwide. Source
The 0.1% ask depth on Binance, a measure of buy-side liquidity, crashed to just 1.2 BTC ($30,000) from 100 BTC as volatility exploded after a false report of BlackRock’s (BLK) spot exchange-traded fund (ETF) approval circulated on social media. The leading cryptocurrency popped 7.5% to $30,000 in a knee-jerk reaction to the rumor, only to give up gains after BlackRock denied the report. Original
Binance suspends new UK user registrations in response to recent changes in the country’s crypto marketing regulations set by the Financial Conduct Authority. Binance, one of the world’s leading crypto exchanges, has announced that it will stop the registration of new United Kingdom-based users starting on Oct. 16. This decision comes in a bid to abide by the latest directives set out by the UK’s Financial Conduct Authority (FCA). The regulatory shift, which was instituted on Oct. 8, has given firms registered with the FCA the latitude to either self-approve…
Crypto exchange Binance will stop accepting users in the United Kingdom as of 5 p.m. local time on Oct. 16. According to Binance’s announcement, the move came after the country’s Financial Conduct Authority (FCA) imposed legally binding requirements on its partner Rebuildingsociety.com Ltd (REBS) on Oct. 10. Among other items, the ruling prohibited REBS from ad promotions soliciting Binance goods and services. The exchange wrote: “Binance is currently looking for a new FCA authorised approver. However, there will be some temporary restrictions coming into effect on our Platform (i.e. www.binance.com/en-GB and…
The firm will stop accepting new users starting Monday after U.K. regulator FCA last week restricted Binance’s local partner from approving crypto ads. Source
Binance burned about 2.13 million BNB coins during the last three months thus bringing the total coins removed from circulation to about 50.2 million units. Binance, a leading blockchain ecosystem with the largest centralized cryptocurrency exchange by Bitcoin’s daily traded volume and globally registered users, has announced the completion of the 25th quarterly auto-burn of its native coin BNB. According to the announcement, about 2,139,182 BNB, worth over $453 million, has been removed from the circulating supply for life. In addition to about 314 BNB coins burned through the pioneer…
The burn mechanism is based on BNB’s price and the number of blocks generated on the BNB Smart Chain (BSC) during the quarter. Source
Binance Futures, a prominent player in the cryptocurrency sector, is poised to enhance its offerings with the introduction of a new product. As of Oct. 15, Binance Futures has enabled crypto traders to tap into a new financial instrument, which allows for trading leverage up to a reported 50 times. According to Binance, the BOND/USDT Perpetual Contract, backed by the BarnBridge (BOND) token as its underlying asset and having Tether (USDT) as its settlement asset, presents a new opportunity for crypto enthusiasts. It operates 24/7, ensuring continuous trading availability for…
A brand-new gaming altcoin has ripped by more than 267% this week after listings on multiple top crypto exchanges. Big Time (BIGTIME) is a free-to-play multiplayer action RPG game that launched its preseason on Tuesday after years of development. The BIGTIME token, which powers Big Time’s economy, also debuted this week, soaring from around $0.0709 on Tuesday to around $0.26 at time of writing. The asset also briefly reached a high of more than $0.333 at one point on Thursday morning. The token’s astronomical gains materialized after a slew of…
Binance today announced the launch of U-based BIGTIME perpetual contracts. At the same time, the exchange avoided launching spot trading of BIGTIME, in an action similar to how they treated the Blur Token, the native governance token of Blur. Available to the public According to CoinMarketCap, Big Time is a multiplayer action RPG that combines combat with an open gaming economy that simultaneously leverages very visible Web3 elements. As part of the announcement to launch a perpetual contract with up to 20x leverage, Binance states that depending on market risk factors, it will…