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Binance begins to restrict US users ahead of regulatory-compliant exchange launch

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Regulation in any financial arena can be a complex minefield, and cryptocurrency is no exception. Allow Coin Rivet to steer you through the murky waters of what it all means. It’s the role of the regulators to create the rules and guidelines – but it’s our job to make sense of it for you…
Plus, a short seller’s $1m ‘bounty’ on Tether, more outflows from unloved UK stocks and Tom Stoppard’s Leopoldstadt

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One finding based on the CivicScience study showed that around 11% said they or someone they know have resigned from their jobs due to crypto trading.
Lettau, M. and S. Ludvigson (2001), “Consumption, aggregate wealth, and expected stock returns”, The Journal of Finance 56 (3), 815–849.

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People considering investing in Bitcoin or shares and stocks have also been warned over "risky" tips being shared on TikTok.

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Consumers could easily assume the advertising of unregulated cryptos has cleared tough hurdles More Cryptocurrencies

  • Bitcoin Kurz Graf

    Unlike the money you save in a bank insured by the Federal Deposit Insurance Corporation (FDIC), “If a virtual currency company fails – and many have – the government will not cover the loss,” the Consumer Financial Protection Bureau warned in a 2014 notice about cryptocurrency (its most recent guidance).

    While this is a critical security feature that reduces theft and unauthorized use, it’s also draconian. Losing your private key is the digital asset equivalent of throwing a wad of cash into a trash incinerator.
    Since crypto is a relatively new industry compared with others, legal clarity does not yet exist in terms of requirements for all areas of the space. Part of such clarity includes asset classification. Bitcoin and Ether are viewed as commodities, although categorization for numerous other assets remains unclear.

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    Binance owns Binance.US’s name and intellectual property. However, Binance.US is managed independently. The main differences between the two relate to financial regulations in the United States. Binance.US cannot legally offer all the same crypto assets that the main Binance exchange can.

  • Bitcoin News South Africa

    The nation’s president Nayib Bukele passed a bill in June that stated that from September 7, Bitcoin can be used in any transaction and all businesses must accept the e-currency as payment.

    Take Bitcoin for example, if you want to get Bitcoin on Binance.US, here’s how you would do it to make sure you only pay that 0.1% fee, and not the 0.5% fee:
    Track Latest News Live on NDTV.com and get news updates from India and around the world.

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    Russia's Federal law agency grants powers to employees to access information from crypto organizations

    Artwork is being "tokenised" and sold online for millions - but will the bubble burst?
    Some of the features they refer to include a dual cryptocurrency distribution system that allows investors to claim BNB (Binance). You can claim BNB once you have used the unique referral code that you receive when opening a wallet. Once the person you referred uses the unique code, you receive 10% of their initial investment as BNB. Between this and their 3000 professional influencers, HUH Token could turn your $1000 investment into over one million.

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However, you’ll likely misplace your virtual wallet or lose your coins. There have also been thefts from the websites that exist to store cryptocurrency on the internet. Because the value of cryptocurrencies like Bitcoin can fluctuate dramatically, some people are hesitant to convert “real” money into Bitcoin.

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Bitcoin price has spent roughly two weeks consolidating around a psychological barrier and shows no affinity to move higher or lower. This indecision indicates reduced volatility and that an explosive move is on its way. Read full analysis Pulse Bomber Launched with a Low Market Cap and Big Future Potential Bybit - Could remittances be the next major use-case for cryptocurrencies?

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Some experts say this is high risk as SafeMoon’s success relies heavily on more and more people buying the currency to keep the price up.

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