Users of the platform will be able to use MakerDAO’s stablecoin, DAI, as collateral and withdraw up to one million nuARS, a stablecoin tied to the Argentine peso, the company said in a statement. At the current exchange rate, the maximum amount is equivalent to $3,333. Source
The world’s largest crypto exchange by trading volume is receiving a registration fine from De Nederlandsche Bank (DNB), the Dutch central bank. According to an announcement, the fine will be punishable by the third category – the DNB’s strictest enforcement level. “The violations committed by Binance are punishable with a fine from the third category. This means that the administrative fine has a basic amount of EUR 2,000,000, a minimum amount of EUR 0 and a maximum amount of EUR 4,000,000.” The Dutch central bank is fining Binance 3.3 million…
The logo of cryptocurrency exchange Binance displayed on a smartphone with stock market percentages in the background. Omar Marques | SOPA Images | LightRocket via Getty Images Binance, the world’s largest cryptocurrency exchange, on Monday was slapped with a 3.3 million euro ($3.4 million) fine from the Dutch central bank for operating in the Netherlands without registration. The penalty came after an August 2021 warning from De Nederlandsche Bank (DNB) last year that Binance had offered crypto services in the country without authorization. The company was dealt a category 3…
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. 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. “If the market sustains this push by ETH, SOL rips much higher. Bunch of open interest and risk tagged on on the way…
Top US-based crypto exchange platform Coinbase is adding three altcoin projects to its listing roadmap. Coinbase’s listing roadmap is a set of crypto projects that are on the path of possibly joining the exchange’s roster of supported assets. In a new announcement, Coinbase says it has updated its roadmap with the addition of Gnosis (GNO), a protocol designed as a decentralized prediction market built on the Ethereum (ETH) blockchain. GNO is used for transferring value and validating transactions on the network GNO reacted to the Coinbase news by rallying over…
India’s finance minister has called on the G20 countries to bring crypto within the “Automatic Exchange of Information” framework. More than 100 countries have adopted the Common Reporting Standard under the framework. G20 Urged to Bring Crypto Under Automatic Exchange of Information India’s finance minister, Nirmala Sitharaman, talked about cryptocurrency Friday during the G20 Ministerial Symposium on Tax and Development in Bali, Indonesia. Noting that “tax transparency” is an area where “considerable progress has been made with the Automatic Exchange of Information in respect of financial accounts,” she described: “Our…
Robinhood is expanding its crypto offerings by adding support for the native asset of decentralized crypto exchange Uniswap (UNI). This week, the trading giant added support for Uniswap, which is valued at $6.79 at time of writing, up nearly 13% in the past seven days, outpacing a stagnant crypto market. Robinhood crypto also offers services for Bitcoin (BTC), Chainlink (LINK), Dogecoin (DOGE), Ethereum (ETH), Polygon (MATIC), Shiba Inu (SHIB), Solana (SOL) and other major crypto projects. In May, the trading company announced it was launching a new non-custodial crypto and…
On-chain data shows the Bitcoin exchange netflow has observed a sharp positive spike recently, a sign that could be bearish for the crypto’s price. Bitcoin All Exchanges Netflow Spikes Up Following 9% Inflation Report As pointed out by an analyst in a CryptoQuant post, exchanges have recently seen a large amount of BTC deposits. The “all exchanges netflow” is an indicator that measures the net amount of Bitcoin entering or exiting wallets of all centralized exchanges as a whole. The metric’s value is calculated by simply taking the difference between…
Following a recent agreement between the two crypto exchanges, Bit2Me announced plans to onboard 2gether’s 100,000 crypto investors, who were recently blocked from trading due to the exchange’s inability to operate amid unfavorable market conditions. On July 10, Spanish cryptocurrency trading platform 2gether shut down its free trading services, citing its inability to justify its related operational costs due to crypto winter. Instead, the users were being charged 20 euros as maintenance fees. Providing relief to the recently displaced crypto investors, Bit2Me reached an agreement with 2gether to onboard its…
Bit2me, a Spanish cryptocurrency exchange, is looking to absorb customers of 2gether, another Spanish exchange, after the company blocked access to its trading platform. Bit2me will pay the €20 fee that 2gether imposed on its customers to continue trading on its platform. The customers will be able to keep trading on Bit2me’s platform, having their assets transferred there. Bit2me to Absorb 2gether Customers Bit2me, a Spanish cryptocurrency exchange, announced its intention of absorbing customers whose accounts were blocked by 2gether, another Spanish cryptocurrency exchange, last week. The company…