Binance Rejects Deposits for 10 Bridge Token Networks
The world’s largest cryptocurrency exchange, Binance, disclosed it will temporarily Suspends Deposits for ten bridge token networks. Binance took to Twitter on May 25 to notify its users of the temporary suspension of deposits for some bridge token networks. POLS-BSC, ACH-BSC, BIFI-FTM, SUPER-BSC, AVA-ETH, SPELL-AVAXC, ALPACA-FTM, FTM-ETH, FARM-BSC, and DEXE-BSC are among the affected networks. […]
Crypto Asset Classification: CFTC Chair vs. Former Commissioner
On crypto classification, ex-CFTC Commissioner Dan Berkowitz speaks on cryptocurrency community Asset Status. Gary Gensler, chairman of the Securities and Exchange Commission, believes all are securities with investment contracts. Using Ethereum as an example, he stated there is a “special case” where something can be both. “It can be a commodity under the CEA [Commodity […]
The Role Of Cryptocurrency In Developing Countries
Cryptocurrencies have the potential to spur sustainable development, empower individuals, and alter the socioeconomic climate in developing nations with careful design and implementation. What is a Cryptocurrency? Cryptocurrency is a digital or virtual currency that uses cryptography to protect transactions. Cryptocurrencies don’t have tangible counterparts like coins or banknotes because they only exist in digital […]
Prices Of Bitcoin, Ethereum Increase After US October Jobs Data
After the US unemployment rate increased to 3.7%, cryptocurrency prices, including Bitcoin (BTC) and Ethereum (ETH), started to rise again. When the U.S. Bureau of Labor Statistics released its non-farm payroll data for October, the price of bitcoin increased by more than 4%. In contrast to the forecasted 3.6% increase in unemployment in October, the […]
Swan Bitcoin Enters TradFi with Advisor Platform
The new product lets advisors manage clients’ bitcoin positions and access educational content Swan Bitcoin, a provider of Bitcoin financial services, has announced the launch of a new product aimed squarely at the TradFi market. On Wednesday, the company announced a new service called Swan Advisor Services, which allows financial advisers to facilitate the purchase […]