🕵️ Leading audit companies Deloitte, Ernst&Young, KPMG and PricewaterhouseCoopers refuse to audit Binance assets, despite a long history of cooperation with Coinbase exchange.
🙅♂️It is known that the "Big Four" is going to suspend the work on servicing cryptocompanies at all.
Website | Twitter | LinkedIn | Telegram
🙅♂️It is known that the "Big Four" is going to suspend the work on servicing cryptocompanies at all.
Website | Twitter | LinkedIn | Telegram
😵 Insurance companies around the world refuse to cover losses for companies associated with the bankrupt FTX. Coverages under D&O policies, which are used to pay legal fees, are not always paid in fraud cases.
🥁 And that's exactly the kind of charge Sam Bankman-Fried could face.
Website | Twitter | LinkedIn | Telegram
🥁 And that's exactly the kind of charge Sam Bankman-Fried could face.
Website | Twitter | LinkedIn | Telegram
Summary of the day: December 19
🇪🇺 Members of the European Parliament have signed an agreement setting priorities before the next European elections in 2024. In particular, the European Commission will develop regulations for the digital euro, the design of which should be completed in March 2023.
🕵️ OneCoin co-founder Carl Greenwood confessed to defrauding investors of $4 billion. He acted together with "cryptocurrency queen" Rouge Ignatovna, who is still on the federal wanted list. Greenwood was detained in Thailand and extradited to the United States.
⛓ The team behind TrueUSD (TUSD) announced the launch of TCNH, an offshore Chinese yuan-linked stаblecoin on the Tron blockchain. According to the press release, the stablecoin meets all legal and technical requirements and is being vetted by leading auditors.
🏟 According to a Huobi study, the number of cryptocurrency wallet users worldwide grew by 6.3% to 85 million in 2022. Wallets have become a must-have for new users and one of the most important infrastructures of the blockchain ecosystem.
🇳🇬 Nigeria is preparing to pass a bill introducing cryptocurrencies into the legal framework. In this case, the local regulator will be able to consider cryptocurrencies and other digital assets as capital for investment.
🏛 New York regulators have issued rules for banks to use cryptocurrency. The New York State Department of Financial Services (NYDFS) said banks in the state must submit a business plan to the agency at least 90 days before they engage in cryptocurrency.
👨💻 According to Solidus Labs, from January 1 to December 1, 2022, more than 117,629 scam tokens were created, which means 350 scam tokens are created every day. This is 41% higher than last year.
🕵️ Leading audit companies Deloitte, Ernst&Young, KPMG and PricewaterhouseCoopers refuse to audit Binance assets, despite a long history of cooperation with Coinbase exchange. It is known that the "Big Four" is going to suspend the work on servicing cryptocompanies at all.
😵 Insurance companies around the world refuse to cover losses for companies associated with the bankrupt FTX. Coverages under D&O policies, which are used to pay legal fees, are not always paid in fraud cases. And that's exactly the kind of charge Sam Bankman-Fried could face.
Website | Twitter | LinkedIn | Telegram
🇪🇺 Members of the European Parliament have signed an agreement setting priorities before the next European elections in 2024. In particular, the European Commission will develop regulations for the digital euro, the design of which should be completed in March 2023.
🕵️ OneCoin co-founder Carl Greenwood confessed to defrauding investors of $4 billion. He acted together with "cryptocurrency queen" Rouge Ignatovna, who is still on the federal wanted list. Greenwood was detained in Thailand and extradited to the United States.
⛓ The team behind TrueUSD (TUSD) announced the launch of TCNH, an offshore Chinese yuan-linked stаblecoin on the Tron blockchain. According to the press release, the stablecoin meets all legal and technical requirements and is being vetted by leading auditors.
🏟 According to a Huobi study, the number of cryptocurrency wallet users worldwide grew by 6.3% to 85 million in 2022. Wallets have become a must-have for new users and one of the most important infrastructures of the blockchain ecosystem.
🇳🇬 Nigeria is preparing to pass a bill introducing cryptocurrencies into the legal framework. In this case, the local regulator will be able to consider cryptocurrencies and other digital assets as capital for investment.
🏛 New York regulators have issued rules for banks to use cryptocurrency. The New York State Department of Financial Services (NYDFS) said banks in the state must submit a business plan to the agency at least 90 days before they engage in cryptocurrency.
👨💻 According to Solidus Labs, from January 1 to December 1, 2022, more than 117,629 scam tokens were created, which means 350 scam tokens are created every day. This is 41% higher than last year.
🕵️ Leading audit companies Deloitte, Ernst&Young, KPMG and PricewaterhouseCoopers refuse to audit Binance assets, despite a long history of cooperation with Coinbase exchange. It is known that the "Big Four" is going to suspend the work on servicing cryptocompanies at all.
😵 Insurance companies around the world refuse to cover losses for companies associated with the bankrupt FTX. Coverages under D&O policies, which are used to pay legal fees, are not always paid in fraud cases. And that's exactly the kind of charge Sam Bankman-Fried could face.
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $844 Billion, a 0.5% change in the last 24 hours
Bitcoin ~ $16,784.70 (0.4%)
Ethereum ~ $1,207.93 (2.3%)
Solana ~ $12.33 (0.6%)
Polkadot ~ $4.60 (-0.6%)
Flow ~ $0.768168 (1.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $844 Billion, a 0.5% change in the last 24 hours
Bitcoin ~ $16,784.70 (0.4%)
Ethereum ~ $1,207.93 (2.3%)
Solana ~ $12.33 (0.6%)
Polkadot ~ $4.60 (-0.6%)
Flow ~ $0.768168 (1.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Cryptocurrency "seeps" into government systems
In Argentina, a province, San Luis, passed a law allowing local authorities to create their own stablecoin pegged to the U.S. dollar. The new law gives the province the right to issue a stablecoin with a collateral of up to 2% of its annual budget. The crypto coin has already got its own name: "Activo Digital San Luis de Ahorro". It will be used by all provincial residents over the age of 18 and will be backed by 100% of the region's liquid financial assets. However, it is not yet known which blockchain will be used for the functioning of the coin.
"Activo Digital San Luis de Ahorro" will be a full-fledged means of settlement in the region. The law explicitly states that assets can be freely transferred between parties. The law also allows regional artists to issue non-transferable tokens (NFT) in addition to the stable coin. As the document says - "To promote financial and cultural inclusiveness."
Issuing a regional currency on a blockchain that would "moderately" compete with a nationwide currency is not a new idea. A great many similar initiatives emerged in 2017. Much earlier, though, the ideologist of local currencies was Robert Swans, who wrote the book "The Role of Local Currencies in Regional Economic Development" in 1984. Swans points out that, for example, in the U.S. until 1913, local banks with their gold reserves were independent of the Central Bank. And this was a very important factor in the rapid development of the United States in the nineteenth century.
Money has three functions: a means of exchange, a unit of account and a means of saving. At the same time the medium of exchange and the medium of saving are partly contradictory. Local currencies are much faster to turn around as a medium of exchange, because it makes no sense to make savings in them. This revitalizes economic activity in the region. Also, they are convenient to pay for various volunteer work for the benefit of the city or community.
Simply put, local currencies encourage money to be invested in the region's economy. The local patriotism factor is also worth considering. People who are interested in the prosperity of their home region will use local currencies to help their businesses. Also, the use of local currencies reduces the amount of transportation needed within the region, and thus has a beneficial effect on the environment.
Examples of local currencies are the Bristol Pound (Britain), and the associated payment system TXT2PAY, which allows you to pay in Bristol pounds via SMS, mobile app and even API for developers. There are similar currencies in Totnes, Lewes, Brixton, Exeter and Glasgow, Scotland. In Germany - Chiemgauer, the local currency of one of the provinces of Bavaria. In the U.S. - BerkShares, the local currency of Berkshire, Massachusetts.
There are also many local currencies in the Netherlands, such as Dam in Rotterdam, PeperMunt in Zwolle and Makkie in Amsterdam. The Bank of the Netherlands invites everyone to issue their own currencies as long as the design of the bills or coins does not resemble the design of euro bills or coins. Also, you can't issue your own electronic local currencies without the permission of the Dutch Central Bank. And these are just a few examples, and there are thousands of local currencies around the world.
Until recently, they looked more like regular fiat money. But now they are increasingly moving to blockchain, creating a new phenomenon: local money becoming international. Indeed, what prevents you and I from buying some Activo Digital San Luis de Ahorro coins online and paying with them? In fact, right now a "grassroots" market of local cryptocurrencies is beginning to form, but it is not yet visible. But this is the mass acceptance of crypto, about which there is so much talk.
Website | Twitter | LinkedIn | Telegram
In Argentina, a province, San Luis, passed a law allowing local authorities to create their own stablecoin pegged to the U.S. dollar. The new law gives the province the right to issue a stablecoin with a collateral of up to 2% of its annual budget. The crypto coin has already got its own name: "Activo Digital San Luis de Ahorro". It will be used by all provincial residents over the age of 18 and will be backed by 100% of the region's liquid financial assets. However, it is not yet known which blockchain will be used for the functioning of the coin.
"Activo Digital San Luis de Ahorro" will be a full-fledged means of settlement in the region. The law explicitly states that assets can be freely transferred between parties. The law also allows regional artists to issue non-transferable tokens (NFT) in addition to the stable coin. As the document says - "To promote financial and cultural inclusiveness."
Issuing a regional currency on a blockchain that would "moderately" compete with a nationwide currency is not a new idea. A great many similar initiatives emerged in 2017. Much earlier, though, the ideologist of local currencies was Robert Swans, who wrote the book "The Role of Local Currencies in Regional Economic Development" in 1984. Swans points out that, for example, in the U.S. until 1913, local banks with their gold reserves were independent of the Central Bank. And this was a very important factor in the rapid development of the United States in the nineteenth century.
Money has three functions: a means of exchange, a unit of account and a means of saving. At the same time the medium of exchange and the medium of saving are partly contradictory. Local currencies are much faster to turn around as a medium of exchange, because it makes no sense to make savings in them. This revitalizes economic activity in the region. Also, they are convenient to pay for various volunteer work for the benefit of the city or community.
Simply put, local currencies encourage money to be invested in the region's economy. The local patriotism factor is also worth considering. People who are interested in the prosperity of their home region will use local currencies to help their businesses. Also, the use of local currencies reduces the amount of transportation needed within the region, and thus has a beneficial effect on the environment.
Examples of local currencies are the Bristol Pound (Britain), and the associated payment system TXT2PAY, which allows you to pay in Bristol pounds via SMS, mobile app and even API for developers. There are similar currencies in Totnes, Lewes, Brixton, Exeter and Glasgow, Scotland. In Germany - Chiemgauer, the local currency of one of the provinces of Bavaria. In the U.S. - BerkShares, the local currency of Berkshire, Massachusetts.
There are also many local currencies in the Netherlands, such as Dam in Rotterdam, PeperMunt in Zwolle and Makkie in Amsterdam. The Bank of the Netherlands invites everyone to issue their own currencies as long as the design of the bills or coins does not resemble the design of euro bills or coins. Also, you can't issue your own electronic local currencies without the permission of the Dutch Central Bank. And these are just a few examples, and there are thousands of local currencies around the world.
Until recently, they looked more like regular fiat money. But now they are increasingly moving to blockchain, creating a new phenomenon: local money becoming international. Indeed, what prevents you and I from buying some Activo Digital San Luis de Ahorro coins online and paying with them? In fact, right now a "grassroots" market of local cryptocurrencies is beginning to form, but it is not yet visible. But this is the mass acceptance of crypto, about which there is so much talk.
Website | Twitter | LinkedIn | Telegram
Binance.US to acquire assets of bankrupt Voyager Digital
Binance.US has been selected by Voyager Digital as the “highest and best bid” for its assets as part of its Chapter 11 bankruptcy proceedings, the company said on Dec. 19. The deal is valued at $1.022 billion for Voyager’s existing portfolio and “incremental value.”
On Dec. 19, Binance.US announced in a blog post the agreement…
https://cryptoinsight.ae/binance-us-to-acquire-assets-of-bankrupt-voyager-digital/
Website | Twitter | LinkedIn | Telegram
Binance.US has been selected by Voyager Digital as the “highest and best bid” for its assets as part of its Chapter 11 bankruptcy proceedings, the company said on Dec. 19. The deal is valued at $1.022 billion for Voyager’s existing portfolio and “incremental value.”
On Dec. 19, Binance.US announced in a blog post the agreement…
https://cryptoinsight.ae/binance-us-to-acquire-assets-of-bankrupt-voyager-digital/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $844 Billion, a 0.0% change in the last 24 hours
Bitcoin ~ $16,838.01 (0.3%)
Ethereum ~ $1,212.00 (0.3%)
Solana ~ $12.08 (-2.0%)
Polkadot ~ $4.51 (-2.0%)
Flow ~ $0.766745 (0.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $844 Billion, a 0.0% change in the last 24 hours
Bitcoin ~ $16,838.01 (0.3%)
Ethereum ~ $1,212.00 (0.3%)
Solana ~ $12.08 (-2.0%)
Polkadot ~ $4.51 (-2.0%)
Flow ~ $0.766745 (0.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Fireblocks achieves the highest-level crypto security certification
Fireblocks, a crypto custody tech provider, has received the Cryptocurrency Security Standard (CCSS), a first-of-its-kind certification – a security standard for crypto wallets and custody. The CCSS was created in 2014, but no crypto company has met the necessary standards so far.
The CCSS certification was created in 2014 specifically for the crypto industry, focusing…
https://cryptoinsight.ae/fireblocks-achieves-the-highest-level-crypto-security-certification/
Website | Twitter | LinkedIn | Telegram
Fireblocks, a crypto custody tech provider, has received the Cryptocurrency Security Standard (CCSS), a first-of-its-kind certification – a security standard for crypto wallets and custody. The CCSS was created in 2014, but no crypto company has met the necessary standards so far.
The CCSS certification was created in 2014 specifically for the crypto industry, focusing…
https://cryptoinsight.ae/fireblocks-achieves-the-highest-level-crypto-security-certification/
Website | Twitter | LinkedIn | Telegram
CoinGecko delists over 3,300 cryptocurrencies listed in 2021
Jameson Lopp, the co-founder of Casa, shared CoinGecko’s report on the cryptocurrencies that collapsed after being listed on CoinGecko from 2014 to 2022. 3,322 coins introduced during the “meme season” of 2021 are now defunct.
According to the report from Julia Ng, CoinGecko’s head of growth, 3,322 cryptocurrencies listed on CoinGecko in 2021 have collapsed,…
https://cryptoinsight.ae/coingecko-delists-over-3300-cryptocurrencies-listed-in-2021/
Website | Twitter | LinkedIn | Telegram
Jameson Lopp, the co-founder of Casa, shared CoinGecko’s report on the cryptocurrencies that collapsed after being listed on CoinGecko from 2014 to 2022. 3,322 coins introduced during the “meme season” of 2021 are now defunct.
According to the report from Julia Ng, CoinGecko’s head of growth, 3,322 cryptocurrencies listed on CoinGecko in 2021 have collapsed,…
https://cryptoinsight.ae/coingecko-delists-over-3300-cryptocurrencies-listed-in-2021/
Website | Twitter | LinkedIn | Telegram
Binance loses in the information war
The world's largest cryptocurrency exchange Binance can not cope with the crisis of confidence in it. Reuters news agency dealt another heavy blow (not for the first time) to the leader of the cryptocurrency market. Its experts analyzed Binance's corporate documents and came to the conclusion that the work of the core business - the giant exchange Binance.com, which this year processed transactions worth more than $22 trillion - remains largely hidden from the public.
If you follow the letter of the law, Binance really doesn't have to publish detailed financial reports because it is not a public company (unlike its U.S. competitor Coinbase, which is listed on the NASDAQ). Binance has also not raised outside capital since 2018, which means it has not had to share financial information with outside investors since then.
However, amid a string of high-profile bankruptcies in 2022, from Terra to FTX, the cryptocurrency market leader, let's be honest, could do with being more open at all. If only to reassure the public and its own business partners.
Nevertheless, Reuters stated: Binance actively avoids any oversight of its activities. Changpen Zhao is using a strategy to "isolate" Binance's core business from oversight by U.S. regulators - by creating a new U.S. exchange.
Binance refuses to disclose where Binance.com is located. Management of the exchange does not disclose basic financial information: revenue, profits and cash reserves. The company has its own cryptocurrency, but does not disclose what role it plays in their balance sheet. The exchange lends customers money against their crypto assets and allows them to engage in margin trading with borrowed funds. But the documents don't specify how much of that business is involved. And also how much risk Binance is exposed to, and whether their reserves cover the full amount to fund withdrawals.
Trying to get a glimpse into Binance's books, Reuters analyzed documents from its various divisions in 14 jurisdictions. These are countries where the exchange says it has "regulatory licenses, registrations, permits and approvals" (including the European Union, Dubai and Canada). But as it turned out, these entities provided the authorities with scant information about Binance's business. For example, there was no data on the cash flow between the individual units and the main Binance.com exchange. A Reuters analysis also found that some units were suspiciously inactive.
Former regulators and former Binance executives say that local businesses serve as a front for the main unregulated exchange. They introduce companies with regulation to give the appearance of legitimacy, but experts believe that Binance's operations have been more opaque than FTX's.
Binance's huge role in the cryptocurrency market (it accounts for more than half of all trading volume) has made its operations of particular interest to U.S. regulators. The company is under investigation by the U.S. Department of Justice for possible money laundering and sanctions violations. And, as Reuters has written, some prosecutors believe they have gathered enough evidence to bring charges against Binance and its top executives.
But litigation with government agencies is a long and controversial affair. Just look at how long the SEC and Ripple have been arguing. But information strikes like those coming from Reuters now could destroy Binance's cryptocurrency empire much faster.
Website | Twitter | LinkedIn | Telegram
The world's largest cryptocurrency exchange Binance can not cope with the crisis of confidence in it. Reuters news agency dealt another heavy blow (not for the first time) to the leader of the cryptocurrency market. Its experts analyzed Binance's corporate documents and came to the conclusion that the work of the core business - the giant exchange Binance.com, which this year processed transactions worth more than $22 trillion - remains largely hidden from the public.
If you follow the letter of the law, Binance really doesn't have to publish detailed financial reports because it is not a public company (unlike its U.S. competitor Coinbase, which is listed on the NASDAQ). Binance has also not raised outside capital since 2018, which means it has not had to share financial information with outside investors since then.
However, amid a string of high-profile bankruptcies in 2022, from Terra to FTX, the cryptocurrency market leader, let's be honest, could do with being more open at all. If only to reassure the public and its own business partners.
Nevertheless, Reuters stated: Binance actively avoids any oversight of its activities. Changpen Zhao is using a strategy to "isolate" Binance's core business from oversight by U.S. regulators - by creating a new U.S. exchange.
Binance refuses to disclose where Binance.com is located. Management of the exchange does not disclose basic financial information: revenue, profits and cash reserves. The company has its own cryptocurrency, but does not disclose what role it plays in their balance sheet. The exchange lends customers money against their crypto assets and allows them to engage in margin trading with borrowed funds. But the documents don't specify how much of that business is involved. And also how much risk Binance is exposed to, and whether their reserves cover the full amount to fund withdrawals.
Trying to get a glimpse into Binance's books, Reuters analyzed documents from its various divisions in 14 jurisdictions. These are countries where the exchange says it has "regulatory licenses, registrations, permits and approvals" (including the European Union, Dubai and Canada). But as it turned out, these entities provided the authorities with scant information about Binance's business. For example, there was no data on the cash flow between the individual units and the main Binance.com exchange. A Reuters analysis also found that some units were suspiciously inactive.
Former regulators and former Binance executives say that local businesses serve as a front for the main unregulated exchange. They introduce companies with regulation to give the appearance of legitimacy, but experts believe that Binance's operations have been more opaque than FTX's.
Binance's huge role in the cryptocurrency market (it accounts for more than half of all trading volume) has made its operations of particular interest to U.S. regulators. The company is under investigation by the U.S. Department of Justice for possible money laundering and sanctions violations. And, as Reuters has written, some prosecutors believe they have gathered enough evidence to bring charges against Binance and its top executives.
But litigation with government agencies is a long and controversial affair. Just look at how long the SEC and Ripple have been arguing. But information strikes like those coming from Reuters now could destroy Binance's cryptocurrency empire much faster.
Website | Twitter | LinkedIn | Telegram
💱 Uniswap announced a partnership with crypto payment project MoonPay, to enable customers to buy cryptocurrency using debit, credit cards and bank transfers.
🗺 The feature is currently only available for most of Brazil, the U.S., the U.K. and all SEPA countries.
Website | Twitter | LinkedIn | Telegram
🗺 The feature is currently only available for most of Brazil, the U.S., the U.K. and all SEPA countries.
Website | Twitter | LinkedIn | Telegram
🇮🇳 Chairman of the Central Bank of India Shaktikanta Das said that the regulator will not "fight" against cryptocurrency, but its use in the country will be banned.
❌ In his opinion, cryptocurrency appeared because it is able to bypass and destroy the existing financial system.
Website | Twitter | LinkedIn | Telegram
❌ In his opinion, cryptocurrency appeared because it is able to bypass and destroy the existing financial system.
Website | Twitter | LinkedIn | Telegram
😎 A 2022 survey conducted by Accenture, a consulting company, showed that despite the "cryptocurrency winter," one in five people surveyed this year have invested in cryptocurrencies.
🔋 28% of those who own cryptocurrency say they consider it a long-term investment.
Website | Twitter | LinkedIn | Telegram
🔋 28% of those who own cryptocurrency say they consider it a long-term investment.
Website | Twitter | LinkedIn | Telegram
🏟 Binance will get rid of trading pairs with the token Tornado Cash. From December 27, users will not be able to trade TORN slots paired with BTC and USDT, as well as a number of other assets.
🧑🏼💻 Users were advised to update or cancel strategies to avoid possible financial losses.
Website | Twitter | LinkedIn | Telegram
🧑🏼💻 Users were advised to update or cancel strategies to avoid possible financial losses.
Website | Twitter | LinkedIn | Telegram
Summary of the day: December 21
👻 Ilon Musk has announced that he is stepping down as CEO of Twitter. This means that the many times promised introduction of cryptocurrencies for settlements between Twitter users is postponed again indefinitely.
👎 One of the largest BTC miners, Core Scientific, has failed financially and filed for bankruptcy. At the moment, the company still manages to generate a profit, but this revenue is not enough to pay off the debts to finance the miners it was leasing.
🏟 TON cryptocurrency, which is directly connected with the Telegram messenger, was listed on ByBit. The coin grew by 7% in a week and by 48% in a month. Its market capitalization is $3 billion.
💱 Uniswap announced a partnership with crypto payment project MoonPay, to enable customers to buy cryptocurrency using debit, credit cards and bank transfers. The feature is currently only available for most of Brazil, the U.S., the U.K. and all SEPA countries.
🇮🇳 Chairman of the Central Bank of India Shaktikanta Das said that the regulator will not "fight" against cryptocurrency, but its use in the country will be banned. In his opinion, cryptocurrency appeared because it is able to bypass and destroy the existing financial system.
😎 A 2022 survey conducted by Accenture, a consulting company, showed that despite the "cryptocurrency winter," one in five people surveyed this year have invested in cryptocurrencies. 28% of those who own cryptocurrency say they consider it a long-term investment.
🏟 Binance will get rid of trading pairs with the token Tornado Cash. From December 27, users will not be able to trade TORN slots paired with BTC and USDT, as well as a number of other assets. Users were advised to update or cancel strategies to avoid possible financial losses.
Website | Twitter | LinkedIn | Telegram
👻 Ilon Musk has announced that he is stepping down as CEO of Twitter. This means that the many times promised introduction of cryptocurrencies for settlements between Twitter users is postponed again indefinitely.
👎 One of the largest BTC miners, Core Scientific, has failed financially and filed for bankruptcy. At the moment, the company still manages to generate a profit, but this revenue is not enough to pay off the debts to finance the miners it was leasing.
🏟 TON cryptocurrency, which is directly connected with the Telegram messenger, was listed on ByBit. The coin grew by 7% in a week and by 48% in a month. Its market capitalization is $3 billion.
💱 Uniswap announced a partnership with crypto payment project MoonPay, to enable customers to buy cryptocurrency using debit, credit cards and bank transfers. The feature is currently only available for most of Brazil, the U.S., the U.K. and all SEPA countries.
🇮🇳 Chairman of the Central Bank of India Shaktikanta Das said that the regulator will not "fight" against cryptocurrency, but its use in the country will be banned. In his opinion, cryptocurrency appeared because it is able to bypass and destroy the existing financial system.
😎 A 2022 survey conducted by Accenture, a consulting company, showed that despite the "cryptocurrency winter," one in five people surveyed this year have invested in cryptocurrencies. 28% of those who own cryptocurrency say they consider it a long-term investment.
🏟 Binance will get rid of trading pairs with the token Tornado Cash. From December 27, users will not be able to trade TORN slots paired with BTC and USDT, as well as a number of other assets. Users were advised to update or cancel strategies to avoid possible financial losses.
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $843 Billion, a -0.0% change in the last 24 hours
Bitcoin ~ $16,827.15 (-0.2%)
Ethereum ~ $1,212.08 (-0.1%)
Solana ~ $12.09 (-0.0%)
Polkadot ~ $4.45 (-1.2%)
Flow ~ $0.765268 (-0.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $843 Billion, a -0.0% change in the last 24 hours
Bitcoin ~ $16,827.15 (-0.2%)
Ethereum ~ $1,212.08 (-0.1%)
Solana ~ $12.09 (-0.0%)
Polkadot ~ $4.45 (-1.2%)
Flow ~ $0.765268 (-0.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram