Tags : Woes

Regulation

Binance woes continue as UK watchdog warns of failure to

U.K monetary watchdog, the Financial Conduct Authority (FCA), said Binance “is not capable of being effectively supervised.” Adding that, within the context of offering complex and high-risk financial products, this poses a significant risk to consumers. The watchdog published the comments in a “Supervisory Notice” dated June 25, 2021. They later updated this document on […]Read More

Regulation

Binance limits daily withdrawals to $2,000 for basic accounts amid

Major cryptocurrency exchange Binance today announced that users who passed only “Basic” verification soon won’t be able to withdraw more than 0.06 Bitcoin (roughly $2,000) worth of funds per day—down from the previous limit of 2 BTC (around $80,000 currently). “Daily withdrawal limits will be adjusted to 0.06 BTC for accounts which have completed only […]Read More

Bitcoin

Call for A $46,000 Bitcoin Emerge on Double Top Breakdown

Bitcoin bulls should prepare for a shock as a confluence of technical indicators readies to send the cryptocurrency price to $46,000. According to independent market analyst Jonny Moe, the BTC/USD exchange rate risks declining to the said level as it declines below the price floors of two classic technical patterns: Double Top and Descending Triangle. […]Read More

Market

Stellar’s XLM Token Rallies to 2-Year High on XRP Woes,

Payments-focused Stellar blockchain’s native cryptocurrency XLM has surged to over two-year highs. One analyst says the rally is driven by rival cryptocurrency XRP’s misfortunes and the U.S. Office of the Comptroller of the Currency’s (OCC) recent guidance on stablecoins. XLM changed hands at $0.2990 at 11:00 UTC, the highest level since November 2018. The third-largest […]Read More