Binance may be the top choice for crypto traders across the world but it appears regulators are getting fed up. On June 27, 2021, the Financial Conduct Authority (the U.K.'s financial watchdog), banned Binance Markets Ltd., an affiliate of Binance, from operating in the United Kingdom. As countries around the world continue to take steps toward further regulating cryptocurrency, Binance may have to make some hard choices.
Brian Brooks, former Binance.US CEO and Comptroller of the Currency, has been appointed CEO of BitFury, a Bitcoin mining and crypto company.
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It seems all too fitting that Facebook’s plans to launch a digital coin were leaked in the second-to-last week of a year that saw the tech giant’s reputation pummeled and cryptocurrencies crash and burn. It’s like grilling a shit sandwich over a dumpster fire.
Exchanges bring their own steep learning curve as you’ll need to get to grips with the technology involved and learn how to make sense of the data. Many exchanges also have limits on how much you can deposit, while accounts can be very expensive to maintain.
It is also the case that not all of Binance services are available in every country. One such country, while perhaps surprising, is the U.K. As of mid-2021, as the FCA (Financial Conduct Authority) ruled that the company’s U.K. arm is unable to conduct regulated activity, it has had a knock-on effect for U.K. users.
It is the latest cryptocurrency to have seen a spike in interest since the turn of the year, following on from the success of Dogecoin, Bitcoin and Ripple XRP in recent weeks.
The bitrise token has been on a hot streak lately, increasing its value by over 3558 percent in just three months. Experts are calling it the next SafeMoon and Shiba Inu Coin.
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Before joining the OCC, Brooks worked as the chief legal officer for Coinbase, a major competitor to Binance.US.
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The law also states that tax contributions can be paid via Bitcoin and exchanges in the cryptocurrency will not be subject to capital gains tax.
SafeMoon’s upcoming upgrade, V2, is expected to enhance the token’s security, quality and accessibility. The SafeMoon community widely anticipates the launch of the V2 upgrade, and investors expect SafeMoon to recover from the recent drop in price.
You can think of the liquidity pool as a body of water that people are constantly taking from and adding to. If the pool is the size of a bucket, even a few cupfuls in or out affect how much water is left, and therefore how much you pay for it. If the pool is the size of a lake, even thousands of cupfuls in or out have no measurable effect on the water level in the lake.
Now that you're familiar with the basics of both Binance and Binance.US, let’s cover some specific topics that you’re interested in.
And new cryptocurrency applications take root with impressive frequency — Cryptomaniaks has a great look at the fast-growing world of cryptocurrency sports betting sites as just one example.
The phenomenon has occurred more frequently in recent days, with Bitstamp also seeing freak order-book events.