Beijing's crackdown on cryptocurrency sends bitcoin entrepreneurs moving to the wild wild west.
The token is listed on over 12 crypto exchanges and posted a 3% drop in price over the past 24 hours.
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Immediately after the platform went live, Binance.US also launched its Referral Program with a range of rewards being available to the customers and their referees under certain requirements.
Over the last few weeks, rumors have been gaining traction on the internet that GameStop is partnering up with Loopring to launch an NFT marketplace.
Since Binance doesn't allow for US Dollar deposits and trading, most of the volume on the exchange occurs against stablecoin pairs such as BTC/USDT, BTC/USDC, and BTC/BUSD (BUSD is Binance's native stablecoin). One other factor to note is that although Binance does have more volume than any other exchange, that volume is spread across a much larger pool of cryptocurrencies than other exchanges such as Coinbase and Kraken. Therefore, it's always important to look at the specific asset you're interested in trading in order to determine how liquid (or illiquid) it is.
— Jen Daulby has joined the constituent service platform Indigov as chief of staff. She most recently was senior vice president of government affairs at the Consumer Brand Association and is a House Administration Committee, Rep. Rodney Davis (R-Ill.), Monsanto and Land O’Lakes alum.
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Dogecoin has added nearly 3 percent over the last day and is priced at $0.28. In the last week, it has climbed over 2 percent.
Corporation tax: Profits or losses on currency exchange movements including virtual currencies are taxable. The profits and losses of a company that engages in cryptocurrency transactions would be recognized in the books and taxable under standard corporation tax regulations.
Regarding regulatory attention, in late June, the UK’s regulator, the FCA, issued a statement that “Binance Markets Limited is not permitted to undertake any regulated activity in the UK.”
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.
But first, a word of warning: buying cryptocurrencies and decentralised finance tokens as well as stocks and shares is a risky business.
Binance uses a tiered fee structure, which clearly shows how much customers will pay in trading fees based upon their level.
Binance may not offer as many cryptocurrencies as decentralized exchanges such as Uniswap, but when it comes to centralized exchanges, Binance is the leader. With more than 500 cryptocurrencies and over 1,200 trading pairs available for its customers, crypto traders who prioritize having access to the most possible coins should strongly consider Binance.
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