#binance sg

[market-news-24]

The Australian Market Finance (AMF) has issued a warning about the potential risks associated with using cryptocurrency exchange platform BYBIT. The AMF cautions that investors should be aware of the volatility and lack of regulation in the cryptocurrency Market before participating in trading activities on BYBIT. Stay informed and make wise investment decisions to protect your financial assets. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to End of This Post const downloadBtn = document.getElementById('download-btn'); const timerBtn = document.getElementById('timer-btn'); const downloadLinkBtn = document.getElementById('download-link-btn'); downloadBtn.addEventListener('click', () => downloadBtn.style.display = 'none'; timerBtn.style.display = 'block'; let timeLeft = 15; const timerInterval = setInterval(() => if (timeLeft === 0) clearInterval(timerInterval); timerBtn.style.display = 'none'; downloadLinkBtn.style.display = 'inline-block'; // Add your download functionality here console.log('Download started!'); else timerBtn.textContent = `Claim in $timeLeft seconds`; timeLeft--; , 1000); ); Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] Protecting French consumers from the pitfalls of digital finance has become the favorite sport of the AMF. The Autorité des Marchés Financiers is multiplying warnings to safeguard savers from dubious platforms. The latest to come under the AMF’s radar? BYBIT, this crypto exchange, which, behind its enticing promises, hides illegal and risky practices. The Autorité des Marchés Financiers (AMF), which authorized the registration of crypto companies like Binance and SG-Forge, has struck again. This time, it’s BYBIT, a crypto exchange platform, that finds itself in the spotlight. In a striking statement, the AMF urges French investors to exercise extreme vigilance in the face of BYBIT’s lure, which attracts with its promises of rapid enrichment. But beware, behind this allurement lies a much less glamorous reality. Indeed, BYBIT does not have the proper paperwork. Not authorized to offer its services in France, the platform has been on the AMF’s blacklist since May 20, 2022. The reason? Non-compliance with French regulations. Yes, the monetary and financial code is clear: any platform offering digital asset services must register as a digital asset service provider (DASP). A legal detail that apparently hasn’t disturbed BYBIT, but which could be costly for its French users holding Ethereum and/or Bitcoin (BTC). The AMF does not mince words. It is even considering taking legal action to block the website. And it strongly advises investors to prepare for a sudden cessation of BYBIT’s services. « If you have assets on this platform, hurry to repatriate them or transfer them to a duly registered platform », warns the AMF. Sound advice, especially since the whitelist of registered DASPs is available on the AMF’s website. This call to order is part of a series of warnings from the AMF aimed at protecting savers from the dubious practices of non-compliant platforms. Much like what the SEC in the USA does. It seems that digital finance has become a minefield, where each click can lead to losing one’s savings. So, be cautious! Before diving into the crypto universe, it’s better to check that the platform you’re betting on is compliant. Otherwise, be prepared for a rude awakening! Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_2] 1. What is BYBIT? BYBIT is a cryptocurrency trading platform. 2. Why is AMF warning about the risks of BYBIT? AMF is warning about the risks of BYBIT because of potential dangers and scams in the cryptocurrency Market. 3. What are some risks associated with using BYBIT? Risks of using BYBIT include potential loss of funds, lack of regulation, and volatility in the cryptocurrency Market.

4. Should I still use BYBIT despite the warnings? It is important to be aware of the risks associated with BYBIT before using the platform. Consider consulting with a financial advisor before making any decisions. 5. How can I protect myself while trading on BYBIT? To protect yourself while trading on BYBIT, make sure to do thorough research, use strong security measures for your account, and be cautious of potential scams or fraudulent activities. Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators Claim Airdrop now Searching FREE Airdrops 20 seconds Sorry There is No FREE Airdrops Available now. Please visit Later function claimAirdrop() document.getElementById('claim-button').style.display = 'none'; document.getElementById('timer-container').style.display = 'block'; let countdownTimer = 20; const countdownInterval = setInterval(function() document.getElementById('countdown').textContent = countdownTimer; countdownTimer--; if (countdownTimer < 0) clearInterval(countdownInterval); document.getElementById('timer-container').style.display = 'none'; document.getElementById('sorry-button').style.display = 'block'; , 1000);

[ailtrahq]

LINK price has defied negative market sentiments linked to the transfer of millions of tokens. The token which powers one of crypto’s most sought-after oracle protocols, is trading at $6.7 amid 10% in 24-hour gains. This bullish outlook accompanied considerable price increases across the market, with Bitcoin soaring above $27,000 and Ethereum shooting beyond resistance at $1,650. A 1.7% spike in the overall market cap to $1.12 trillion suggests that the market outlook could stay bullish this week. LINK Price Rallies Defying Massive Token Transfers Over the last 24 to 48 hours, there have been notable transfers of LINK tokens from the protocol’s wallets to several platforms causing a mixture of reactions over its implications for the 20th largest digital assets. According to an earlier report, four Chainlink wallets moved 18.75 million LINK worth roughly $125 million to different platforms. Intriguingly, all the wallets, known for holding non-circulating LINK supply, transferred the 15.7 million of the tokens to Binance with 3.05 million going to a multi-sg wallet. Meanwhile, on-chain dada firm Lookonchain revealed that this was not the first time such a massive transfer of LINK tokens had occurred, noting that there was another $95 million worth of LINK transferred to Binance on March 4. Chainlink Noncirculating Supply wallet deposited 15.7M $LINK ($97.5M) into #Binance yesterday. Chainlink Noncirculating Supply wallet has been depositing $LINK to #Binance every three months since August 26, 2022, and has deposited a total of 71.8M $LINK ($446M). pic.twitter.com/Q31V0aEuvo — Lookonchain (@lookonchain) September 17, 2023 So far, transfers of non-circulating supply of Chainlink to other platforms have increased quarterly, summing up to $446 million. Although these transfers have been raising eyebrows, LINK price performed remarkably on Monday. If bulls manage to bring down resistance at $7, the path to $10 could clear up, giving investors a chance to smile despite the weak crypto market structure since June. LINK price must push for gains above the grey band as well as the upper resistance trendline to move away from the sellers’ influence. Key indicators like the Moving Average Convergence Divergence (MACD) and moving averages reveal that it is time for the bulls to shine. A buy signal confirmed with the blue MACD line lifting above the red signal line shows Chainlink’s live price is primed for a massive rally targeting $8 and $10. LINK/USD four-hour chart | Tradingview The 50-day Exponential Moving Average (EMA) (red) which has just crossed above the blue 100-day EMA reinforces the bullish grip on the price. Traders deliberating whether to join the uptrend may want to wait until LINK price pushes above the upper descending trendline resistance or starts the next recovery phase above $7. Due to the potential for profit-booking at $7, buying pressure must surpass the selling pressure to keep Chainlink’s uptrend intact. In the event LINK price is rejected and is unable to sustain movement above $7, it might be prudent to consider switching to short positions as losses may increase to $6.4 and $6.1, respectively. Source

[ladookhotnikov]

Crypto License for leading French bank

Societe Generale announced the acquisition of «Digital Asset Service Provider» license.

The French regulator has allowed the bank’s division to act as custodian, buy and sell cryptocurrencies.

The SG was the first crypto-company to obtain a DASP-level license.

The licensing of the SG was, perhaps, the first unambiguously positive news coming from government body, except for a half-hearted Ripple ruling by an American court. We’ve heard a lot of negative: the US SEC is suing cryptocurrencies, Germany refuses to license Binance, Kuwait generally prohibits everything related to cryptocurrency. And then we have the unexpected generosity of the French!

Lado Okhotnikov, Founder and CEO of Meta Force said he was encouraged by the decision of the French regulator.

«Finally, there is a positive news among the stream of negativity. Frankly, I thought that Societe Generale would get rejected like Binance in Germany. I believe this decision has been done due to the lobbying power of bankers. This is good news for the whole crypto-business, it set a precedent in one of the leading economies of the world. This unlikely influences on the market now, rather, it will allow serious institutional players to come to the Crypto...»

[vorobey-sergey]

‍⚡️Новости криптомира 📎Binance провела очередное квартальное сжигание BNB. Рыночная стоимость 2 млн уничтоженных токенов составляет $480 млн. Процедура прошла через программы Auto-Burn и Pioneer Burn. В следующий прием биржа собирается с��ечь порцию из более чем 2 млн токенов на $512 млн. 📎Polygon сформирует совет экосистемы с целью большей децентрализации контроля. Прерогативой совета станет обновление смарт-контрактов.Будет представлена панель мониторинга прозрачности для отслеживания сообществом транзакций по обновлению и их жизненного цикла. 📎Основатель проекта Tron Джастин Сан вновь столкнулся со слухами - согласно новой информации, он тайно приобретал стейблкоины TUSD. В иске утверждается, что Джастин Сан использовал ряд юридических и физических лиц, скрывая собственную роль в этих покупках. 📎Кандидат в президенты США от демократов Роберт Кеннеди-младший в ходе предвыборной кампании пообещал после победы частично поддерживать влияние доллара биткоином, чтобы восстановить и стабилизировать американскую экономику. 📎Криптоподразделение банка Societe Generale - SG Forge - получило от Комиссии по надзору за финансовым рынком Франции (AMF) лицензию на предоставление криптоуслуг в стране. С 18 июля SG Forge имеет право на покупку, продажу, хранение цифровых активов. #новости #биткоин #криптовалюта

[cryptoonus]

France May Rethink Crypto Regulations After FTX Failure

After recent market failures like the bankruptcy of FTX, France may reassess its lax licensing requirements for issuers of digital assets.  According to a recent Financial Times report, the development would cast doubt on France's efforts to present itself as one of Europe's most pro-crypto states. A proposal to eliminate a clause allowing crypto exchanges to function without a full license until 2026 was made by Hervé Maurey. a senator from the finance committee of the French Senate. Even after the Act (MiCA) enters into force in 2024, the current system maintains this possibility. With effect from October 2023, exchanges have to apply for licenses from the  (AMF), eliminating their ability to operate without being subject to strict regulations. At least 50 crypto businesses are registered in France and working without AMF authorization. On December 13, the French Senate approved the proposal, which will now be discussed in Parliament in January 2019. One of France's oldest banks, SG Forge, received approval from the country's financial watchdog to offer bitcoin services back in October. In March, France granted Binance's request for authorization to conduct business there. In Addition, the French MPs see the amendment as an indication of abandoning a future-looking industry. According to the country's group for the crypto industry, Developing the French Digital Asset Industry. The Emmanuel Macron administration, which recently began its second term as president, is known for its outspoken backing of the digital assets sector. Related Reading | U.S. House Committee Wants To Delay Crypto Tax Implementation Moreover, Macron declared his support for several industrial initiatives before April's second round of the presidential election. The development of an NFT policy, the expansion of the European metaverse, and the growth of the nation's tech unicorns are a few of these. He did, however, express his doubts about the banking industry's self-regulation. Read the full article

[egnaroo]

As the Binance-FTX deal fails, the price of bitcoin drops below $16,000.

As the Binance-FTX deal fails, the price of bitcoin drops below $16,000.

On Thursday, the cryptocurrency market as a whole collapsed when big exchange Binance withdrew a bailout offer for struggling rival FTX, casting uncertainty on the survival of the latter and deflating mood, sending Bitcoin to a fresh two-year low. The biggest cryptocurrency in the world lost over 10% of its value, reaching a low of $15,603.3, its lowest point since mid-2020. By 21:52 ET (02:52…

[thecryptoreport]

Binance Blockade of Wasabi Wallet Could Point to a Crypto Crack-Up

Binance Blockade of Wasabi Wallet Could Point to a Crypto Crack-Up

2020 may see crypto’s most consequential fork yet: A split between regulated exchanges and privacy-focused users.

Late last week, Binance’s Singapore arm threw crypto Twitter into a frenzy with reports that it had allegedly suspended one user’s account. The problem? That user, @bittlecat, had tried sending their bitcoin to the hash-scrambling Wasabi wallet in an apparent violation of Binance…

[cryptopolitan]

Binance collaborates with Vertex to launch exchange platform in Singapore

Binance collaborates with Vertex to launch exchange platform in Singapore

Binance, the cryptocurrency exchange giant, continues to hit new milestones with every news announcement. The latest is that the exchange platform is now partnering with Vertex, the venture capital firm, to introduce a fiat to cryptocurrency exchange platform in Singapore. 

At this stage, the exchange platform will support buying and selling of Bitcoins, Ethereum and Binance coins in exchange for…

[gunthyofficial]

Gunbot V23 Released New StepGrid Strategy

The Latest Gunbot V23 is Ready for You to Download

Brand New StepGrid Strategy. Want to Know the Way I Run it? Discover How to Profit with the Gunbot Stable Release and the StepGrid Strategy by Taking Advantage of Gunthar's article below... This post was originally released first on the Gunbot Forum Another stable release is out at GitHub: Gunbot V23. Download Gunbot Latest Stable Release A lot of things happened during over 5 years of Gunbot development and over time I like to share with you how I personally use Gunbot for my own entertainment because when other developers and I code Gunbot we have one single target in our minds: make it profitable for our own trading!!! This is getting better as much as we proceed with daily development, thanks to the continuous feedback we receive from you and thanks also to a big man that decided to stand on my side for some years and is actively contributing with Gunbot core development: @boekenbox better known as Pim. Together we tuned a special strategy we would like you to try with Gunbot v23: stepGrid The initial idea came to my mind when I observed Pim's spotGrid family. Somehow I noticed markets are predictable enough within some range in price without any other indicator. Pure price action but with a reproducible logic: buy whenever the price goes down by "x" value (expressed in price units, for example, 500 dollars) and sell whenever the price goes up by the same "x" value. The result of the initial tests was impressive, here is an example of a stepGrid action with the "STEP" (the x value expressed in dollars) set to 500:

Basically, the bot was buying 250 dollars worth of bitcoin every time the price dropped by 500 dollars and selling 250 dollars worth of bitcoin every time the price raised by 500 dollars. Some basic maths: - 250 dollars worth of bitcoin at a price of 34k is equal to 0.00735394BTC - 0.00735394BTC sold at 34.5k is equal to 253.67 dollars - Net profit 1.46% This for each trade you see in the above chart ;D We got excited and started to do some basic tuning: we didn't want to run out of money so we had to calculate our TRADING_LIMIT based on our wallet balance and taking into consideration the case bitcoin price would have dumped a lot. Easy peasy, calculate your TRADING_LIMIT based on this formula: wallet/balance/(price/step) For example: with a wallet balance of 10k USD and a bitcoin price at 35k, a "STEP" of 500 dollars would give you 142 dollars max of TRADING_LIMIT It means doesn't matter how much the bitcoin price will go down, it could go even to zero, you will keep running your bot without running out of money ever: it means continuous trading taking advantage of perpetual swinging of USDT/BTC pair. My suggestions: - Never run out of money or you go back to old times where your bot is stuck and you got useless bags - Run this strategy only on coins you consider spendable "money" (for example you can fill up your Binance card with a lot of cryptocurrencies, for sure not with DOGE....) - If you run out of money because you didn't calculate your TRADING_LIMIT with the above formula, do not fill up your bot while you are in a position: it will start selling at a loss because this strategy doesn't take into consideration BREAK EVEN unless the price is above your BREAK EVEN Keep reading this post, there are more exciting things coming... I mentioned Big Pim early, well let's celebrate his contribution to Gunbot with some more "facts": - He is the one that writes our wiki - He is the one that coded AutoConfig for u - He is the one that helped me coding the actual GUI and is actually refactoring/fine-tuning it completely based on your feedbacks - He is the one that coded customStrategy for us - He is the one that coded spotGrid and futuresGrid strategies families Do you think he did stay calm and quiet when we started to code this stepGrid thing? ;D Wrong assumption: he ported to stepGrid the automatic trailing from SG family on both buy and sell orders and also he developed a system that would adjust your STEP automatically as the pair swinging range would tight or wide ;D ;D ;D ;D YES! The STEP value is calculated automatically, no need for any special settings. It watches continuously that specific pair volatility and adjusts the STEP internally to always stay glued to the price action and trade!!!! In case you want to run manual steps, set AUTO_STEP_SIZE: false and enter a STEP_SIZE that represents a price. With ENFORCE_STEP, instead, you can make it respect steps when trailing (personally Pim prefers not to). It also supports Keep_Quote. The complete wiki for this strategy is available at the Gunbot Wiki Results are amazing and Pim tested it on a bunch of shitcoins as well, here are some of his impressive charts:

Alright, time to go back to coding: I want to dedicate this summer to complete and release bitRage but, given the excellent results Gunbot achieves, I've decided to start to make my life dream come true. I've started a bunch of Gunbot in a bunch of exchanges and I've bought a little fish boat, someone already calling it Gunboat ;D I want to code listening to seagulls and sea waves... Happy Summer 2021! ~Gun  

Read the full article

[culttoday]

4 Ways to Build a Bitcoin Investment—Without Spending Big

With costs going up, not every person can bear the cost of Bitcoin (BTC) nowadays, but rather that doesn't mean you need to pass up a great opportunity totally.

There are a lot of ways you can in any case partake in the environment and gather Satoshis (SATS) to assemble a Bitcoin venture.

Run a masternode of StakeCube and offer awards to gather more SATS

Running a masternode is a decent method to get easy revenue as you get rewards. Running a masternode isn't confounded any longer. You needn't bother with any unpredictable abilities. You should simply secure 1000 StakeCube coins (SCC) on the Flits versatile application or the StakeCube stage, and pay a minor charge to run it. In the event that you like to plunge into a touch more specialized stuff, you can rent worker space and set up your own hub. When you run hubs, you are compensated with their local coins consistently. One SCC coin is worth around 1 USD and you can get up to $7 per week in the present market esteem. So on the off chance that you have a couple of those running, it's automated revenue that can be changed over to BTC or you can intensify your awards to acquire more returns and aggregate those SATS sometime later.

On the off chance that you can't stand to purchase each of the 1000 SCC to run a hub (worth around $1,000 in the present worth) you can essentially store the coins you have into the StakeCube stage and procure interest. You can procure automated revenue with a small part of the stake needed to run a masternode.

For more data, go to https://stakecube.net/

Flutters hubs

Flutters is a versatile application that allows you to consolidate wallets, masternodes and marking in one spot. With Flits you can purchase laborers and add to Bitcoin mining just as run your own hubs. To begin your own masternode on Flits you just need 1000 FLS. Dances hubs have a generally exceptional yield on venture, so this is an incredible method to make an automated revenue stream. You can likewise take an interest in a common hub with a lower starting cost.

Download the Flits App from the App store or Google Play

Get BTCST and stake the tokens

Bitcoin Standard Hashrate Token (BTCST) is a cloud mining stage that is sent on the Binance Smart Chain. BTCST can be removed and marked to procure rewards. Simply know that BTCSTs should be consistently bolted from 8.00pm SG time on the very beginning to a similar time the next day.

Money back cards

There are credit and charge cards that give you digital currency compensations in the spot of focuses or different impetuses. They work likewise to other money back cards. You procure awards on buys and these prizes are naturally changed over to BTC and put into a Bitcoin wallet. You can utilize your prizes like some other Bitcoin subsidizing.

Acquiring SATS doesn't really need a colossal venture and over the long haul a modest number can accumulate into a generous easy revenue stream. Why not check one of these ideas out and discover for yourself?

[guardiannews24]

What Is The Difference Between Binance And Binance Singapore?

What Is The Difference Between Binance And Binance Singapore?

If you’ve ever wondered what the difference is between Binance and Binance SG, believe me, you’re not alone! In today’s post I will write about the differences between the two platforms in terms of functions, and how you can be using them both. Why are there two Binances? I’m not completely sure on this one. My guess is that because Binance operates globally, it can at times be tricky as each…

[egnaroo]

Binance got hacked and stolen for $570 million, crypto hacks are looming what investors can hope for

Binance got hacked and stolen for $570 million, crypto hacks are looming what investors can hope for

Blockchain is linked to Binance one of the world’s largest crypto exchanges that have been targeted and hit by a $570 million hack Reuters reports.  The CEO of the crypto trading platform said on Twitter that tokens were stolen from a Blockchain “bridge” used in the BNB chain, known until February as the Binance Smart chain. The crypto markets have been constrained recently as a result of…

[blockpaths]

🚀 TRILLION Dollar Bitcoin Market Cap! Zilliqa, Digibyte, Chiliz and Altcoin Buzz Expanding!

Join Altcoin Buzz | Bitcoin Trillion Dollar Market Cap | Defi Still strong | Zilliqa Launches ZilSwap | Introducing XSGD — the Singapore Dollar-backed and Travel Rule compliant stablecoin | Digibyte DGB Making Things Better For Everyone in the Long Run in the Blockchain Space | Chiliz CHZ launches Socios and CHZ staking #Digibyte, #Zilliqa, #Chiliz

Cryptocurrency And Bitcoin Visa Card – GET $50 FREE ON ► CRYPTO.COM https://platinum.crypto.com/r/ab *Code is AB

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TOP CRYPTO NEWS – https://www.altcoinbuzz.io

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TIMESTAMPS 0:00 Intro 1:15 Market Update (+1.6%) 1:45 Join the Altcoin Buzz Team! 2:45 Bitcoin (BTC) Trillion Dollar Market Cap 6:14 Zilliqa (ZIL) Launches ZilSwap and XSGD News 7:55 Digibyte DGB Making Things Better For Everyone in the Long Run in the Blockchain Space 9:59 Chiliz launches Socios and CHZ staking

References:

We are hiring researchers, technical analysts and more!

DM us if you are interested in joining Altcoin Buzz!

— Altcoin Buzz (@Altcoinbuzzio) October 5, 2020

Conservative. I'd say #bitcoin likely sees $1trillion market cap within 2years, probably sooner. $1trillion is about BTC $50k. https://t.co/LJeq53DXgM

— Adam Back (@adam3us) October 5, 2020

https://cointelegraph.com/news/defi-craze-propels-uniswap-monthly-volume-to-153b-surpassing-coinbase

#Zilswap just came to town, courtesy @SwitcheoNetwork!

Calling token holders & arbitrageurs to:

Provide liquidity for the pair & earn transaction fees

Sign up to maintain ZIL/SGD peg on the ZIL/XSGD pair

Watch this space for demo videos to be shared today! -AN https://t.co/jMCwZAN1Zz pic.twitter.com/Szxba9YhO5

— Zilliqa (@zilliqa) October 5, 2020

Become a liquidity provider on #ZilSwap & get rewarded in fees!

Here's a short guide on how to add & remove liquidity from the pool at anytime

Prior to becoming an LP, you should clearly understand impermanent loss, read about it here: https://t.co/FdvMbcgh1O

– AW https://t.co/YRu8i62SI1 pic.twitter.com/G8vuquQeG7

— Zilliqa (@zilliqa) October 5, 2020

Zilliqa-powered #XSGD’s public listing signals a MAJOR STEP FORWARD in making a regulated and travel-rule compliant digital asset more accessible to all. @xfers Kudos!

Proud & excited that the 1st stablecoin pair ZIL/XSGD will be listed on @SwitcheoNetwork's #ZilSwap -AN

https://t.co/VVbKA3BQgG

— Zilliqa (@zilliqa) October 5, 2020

https://medium.com/xfers-sg/introducing-xsgd-the-singapore-dollar-backed-and-travel-rule%C2%B9-compliant-stablecoin-753ea48c7b8e https://thecurrencyanalytics.com/19751/digibyte-dgb-making-things-better-for-everyone-in-the-long-run-in-the-blockchain-space/

.@Chiliz launched $CHZ staking with a 10% bonus!

Read more about the Socios Locker Room here

https://t.co/t8j8puWQOn

— Trust – Crypto Wallet (@TrustWalletApp) October 5, 2020

.@socios Locker Rooms now live!

Stake $CHZ for a chance to earn at 10% bonus aswell as new Fan Tokens$CHZ pic.twitter.com/RIOH0Mznrh

— Chiliz ($CHZ) (@Chiliz) October 5, 2020

Disclaimer: The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Please do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

The post 🚀 TRILLION Dollar Bitcoin Market Cap! Zilliqa, Digibyte, Chiliz and Altcoin Buzz Expanding! appeared first on BLOCKPATHS.

source https://blockpaths.com/commentaries/%f0%9f%9a%80-trillion-dollar-bitcoin-market-cap-zilliqa-digibyte-chiliz-and-altcoin-buzz-expanding/

[preciousmetals0]

Binance Returns Frozen BTC After User ‘Promises’ Not to Use CoinJoin

Binance Returns Frozen BTC After User ‘Promises’ Not to Use CoinJoin:

Bitcoin (BTC) users who employ privacy tool CoinJoin to add anonymity to their transactions face a major wake-up call after exchange Binance froze a withdrawal.

In an ongoing Twitter debate which began Dec. 19, a user by the name of Catxolotl uploaded what appeared to be correspondence from Binance Singapore staff stating they had launched an “investigation” into a withdrawal of an unknown amount of BTC.

Binance: we “do not tolerate” CoinJoin

The reason, they said, was Catxolotl was using CoinJoin via wallet provider Wasabi. A Binance representative confirmed the problem in private comments, explaining:

“Binance SG operates under the requirements as set forth by MAS and our MAS regulated partner, Xfers. Hence there are AML CFT controls set in place for the Binance SG. Unfortunately, this user has triggered one of our risk control mechanisms and thus we are conducting a deeper investigation.”

CoinJoin refers to a method of grouping together Bitcoin transactions, “mixing” unspent transaction outputs (UTXOs) and hiding who sent what to which address in order to increase all users’ privacy. 

According to Binance, including CEO Changpeng Zhao (known as “CZ”), Singapore regulations meant CoinJoin transactions were no longer desirable. 

“However, at this juncture, Binance Singapore does not tolerate any transactions directly and indirectly associated with gambling, P2P, and especially darknet/mixer sites,” a subsequent email allegedly reads.

Catxolotl confirmed he had received possession of the funds following the debacle:

“Update: I got my sats back, but not without promising Big Brother I wouldn’t mix those utxos. Hope everyone got something out of this.”

Beyond anyone’s control?

As neither Binance nor CZ prepared to apologize for what they saw as abiding by local laws, a fierce debate erupted on social media, with well-known Bitcoin figures clashing over the decision to root out transactions with enhanced privacy.

“Some advocate using CoinJoin as a ‘best practice’ but they do not necessarily inform you on the risks,” the @Bitcoin Twitter handle wrote, tagging self-confessed “Bitcoin maximalist” Giacomo Zucco.

The account continued:

“FYI, a risk of using CoinJoin is @chainalysis or others will increase your ‘risk score’. @binance & others use these vendors & share data.”

Zucco responded in kind, highlighting the industry’s mixed feelings on what remains a serious challenge as more consumers choose to engage with Bitcoin.

“Some advocate NOT using CoinJoin as a way to please bureaucrats & politicians, but they do not necessarily inform you on the risks,” he wrote. 

He concluded:

“FYI, a risk of NOT using CoinJoin is being spied on by everybody, including kidnappers, extortionists, stalkers, competitors & crazy ex-wives.”

The controversy extended to Wasabi and CoinJoin itself. Nicolas Dorier, the creator of open-source Bitcoin payment gateway BTCPay, hit back at suggestions Wasabi could control how its transactions were handled by exchanges.

“Any person saying that @wasabiwallet have any technical way to prevent their users to be harassed by binance is full of sh*t. No coinjoin scheme can prevent this at the moment,” he wrote.

CZ has meanwhile released a dedicated blog post about the nature of the regulations with which Binance is obliged to comply.

[goldira01]

Bitcoin (BTC) users who employ privacy tool CoinJoin to add anonymity to their transactions face a major wake-up call after exchange Binance froze a withdrawal.

In an ongoing Twitter debate which began Dec. 19, a user by the name of Catxolotl uploaded what appeared to be correspondence from Binance Singapore staff stating they had launched an “investigation” into a withdrawal of an unknown amount of BTC.

Binance: we “do not tolerate” CoinJoin

The reason, they said, was Catxolotl was using CoinJoin via wallet provider Wasabi. A Binance representative confirmed the problem in private comments, explaining:

“Binance SG operates under the requirements as set forth by MAS and our MAS regulated partner, Xfers. Hence there are AML CFT controls set in place for the Binance SG. Unfortunately, this user has triggered one of our risk control mechanisms and thus we are conducting a deeper investigation.”

CoinJoin refers to a method of grouping together Bitcoin transactions, “mixing” unspent transaction outputs (UTXOs) and hiding who sent what to which address in order to increase all users’ privacy. 

According to Binance, including CEO Changpeng Zhao (known as “CZ”), Singapore regulations meant CoinJoin transactions were no longer desirable. 

“However, at this juncture, Binance Singapore does not tolerate any transactions directly and indirectly associated with gambling, P2P, and especially darknet/mixer sites,” a subsequent email allegedly reads.

Catxolotl confirmed he had received possession of the funds following the debacle:

“Update: I got my sats back, but not without promising Big Brother I wouldn’t mix those utxos. Hope everyone got something out of this.”

Beyond anyone’s control?

As neither Binance nor CZ prepared to apologize for what they saw as abiding by local laws, a fierce debate erupted on social media, with well-known Bitcoin figures clashing over the decision to root out transactions with enhanced privacy.

“Some advocate using CoinJoin as a ‘best practice’ but they do not necessarily inform you on the risks,” the @Bitcoin Twitter handle wrote, tagging self-confessed “Bitcoin maximalist” Giacomo Zucco.

The account continued:

“FYI, a risk of using CoinJoin is @chainalysis or others will increase your ‘risk score’. @binance & others use these vendors & share data.”

Zucco responded in kind, highlighting the industry’s mixed feelings on what remains a serious challenge as more consumers choose to engage with Bitcoin.

“Some advocate NOT using CoinJoin as a way to please bureaucrats & politicians, but they do not necessarily inform you on the risks,” he wrote. 

He concluded:

“FYI, a risk of NOT using CoinJoin is being spied on by everybody, including kidnappers, extortionists, stalkers, competitors & crazy ex-wives.”

The controversy extended to Wasabi and CoinJoin itself. Nicolas Dorier, the creator of open-source Bitcoin payment gateway BTCPay, hit back at suggestions Wasabi could control how its transactions were handled by exchanges.

“Any person saying that @wasabiwallet have any technical way to prevent their users to be harassed by binance is full of sh*t. No coinjoin scheme can prevent this at the moment,” he wrote.

CZ has meanwhile released a dedicated blog post about the nature of the regulations with which Binance is obliged to comply.

[thecryptoreport]

Binance HTC Exodus 1 Phone On Sale Tomorrow, Exchange Rolls Out Cosmos Staking And Fiat Options

Binance HTC Exodus 1 Phone On Sale Tomorrow, Exchange Rolls Out Cosmos Staking And Fiat Options

HTC Exodus 1 smartphone costs US$599 or SG$889 that can also be paid in crypto

First 500 Binance customers making the purchase gets to earn $100 USD in BNB

After adding support for Tezos staking, Binance today announced support for Atom

EUR and GBP are also added to the platform

HTC Exodus is releasing a special Binance edition crypto-phone that will be available on December 5th on the official…