Conversely, the chart would suggest a correction sooner or later, with overbought conditions having dominated in recent weeks. Friday’s peak above ¥182 was the highest price for pound-yen in more than seven years, even before the Brexit referendum, and with all three saturation signals clearly visible it would traditionally be a big risk to buy…
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Binance recently withdrew its registration as a crypto service provider in Cyprus, saying it was focusing “on fewer regulated entities in the EU.” The exchange also announced exiting the Netherlands. Additionally, the company is facing legal trouble in the US with a lawsuit from the Securities and Exchange Commission for operation of an unregistered trading…
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Binance is already facing legal troubles with US Securities and Exchange Commission (SEC). Last week the regulator announced filling 13 charges against Binance and its founder Changpeng “CZ” Zhao with various securities law violations, among which operating without registration and offering unregistered securities. In February 2022, following an investigation conducted by the specialized interregional jurisdiction…
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Binance obtained its Crypto Asset Services Provider (CASP) license from CySEC in October last year, which allowed the exchange to offer crypto services such as pot, custodian, staking, and card services. The news comes a few days after the US Securities and Exchange Commission (SEC) announced filling 13 charges against Binance and its founder Changpeng…
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Tom Higgins went on to express his delight in the newly announced integration of Gold-i’s Crypto Switch with Hidden Road’s API. He highlighted Hidden Road’s offering which includes connectivity and a pool of OTC Market Makers, ensuring deep liquidity for institutional digital asset adoption, a trend that continues to grow. Michael Higgins, Global Head of…
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EURUSD Euro doesn’t have any significant driving narrative against the US dollar, that’s why it’s likely to observe a reversal after the interest rate publication. The overall dynamics of EURUSD remain to be “technical”, as there’s no clear fundamental narrative is detected. AUDUSD The Australian dollar gained significant momentum after RBA raised the interest rate…
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While the decision to end support for Cardano, Polygon, and Solana comes as part of the company's regular review, it also follows the three tokens being named as securities in the recent Securities and Exchange Commission (SEC) lawsuits against Binance and Coinbase. Currently, Robinhood offers users the ability to buy and sell 18 cryptocurrencies. However,…
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The SEC revealed Monday that it was charging Binance and said BNB and Binance USD are unregistered securities. In its documents, the SEC also listed ten other digital currencies as unregistered securities, including ADA, SOL, FIL, MATIC, ATOM, MANA, SAND, ALGO, AXS, and COTI. Furthermore, the SEC announced on Tuesday that it had charged cryptocurrency…
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AUDUSD The Australian dollar had performed an uptick following the unexpected rise of the interest rate from RBA. This reaction might be temporary, though now Aussie is of the few currencies, gaining higher yields in real-time. Considering the position of AUDUSD at the intermediate-term resistance area, it may pull back as shown on the chart,…
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The license also means the company can now offer digital banking services to its customers using held crypto assets. Moreover, there are also said to be plans for the exchange to establish a debit card with a crypto off-ramp offering. Mercado Bitcoin is a leading crypto exchange in the South American country, with more than…
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