Binance has denied recent reports that police raided its offices in Shanghai, stating that indeed, it has no offices in the city. Recent reports that Chinese authorities have raided the offices of leading cryptocurrency exchange Binance, are actually quite false. Speaking to Cointelegraph on Nov. 21, a Binance spokesperson refuted media reports that Chinese police […]
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Bitcoin plummeted several hundred dollars past its 0.786 Fibonacci level to $7,400 on false rumors of Chinese authorities raiding Binance’s Shanghai office. Bitcoin (BTC) finally dropped all the way down to the $7.4Ks in minutes as anticipated in our previous analysis if the key $7.8K level did not hold. Cryptocurrency market daily performance. Source: Coin360 […]
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Chinese police have reportedly shut down the Shanghai offices of leading cryptocurrency exchange Binance. Chinese authorities have reportedly raided and shut down the Shanghai offices of leading cryptocurrency exchange Binance. Citing unnamed local sources, The Block says that local police have shut down Binance’s offices after raiding the premises. Between 50–100 of the exchange’s employees […]
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A bipartisan team of senators introduced legislation that would regulate Facebook’s Libra stablecoin under securities law. American lawmakers have reportedly introduced a bill aiming to put Facebook’s Libra under the jurisdiction of the Securities and Exchange Commission (SEC). Two Texas representatives, Sylvia Garcia and Lance Gooden, have proposed legislation that would put even more regulatory […]
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Nicolas Maduro said that national oil inventories are ready for immediate commercialization to serve as backing for the Petro. Venezuela plans to back its national oil-pegged cryptocurrency, the Petro (PTR), with 30 million barrels of crude oil. Venezuelan President Nicolas Maduro announced that the oil inventories are sitting in the country’s storage tanks and are […]
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The Chinese technology capital of Shenzhen issued a warning against illegal activities concerning cryptocurrencies. The Chinese technology capital of Shenzhen issued a warning against illegal activities concerning cryptocurrencies. Local finance news outlet Eastmoney reported on Nov. 21 also that Shenzhen’s Leading Group for Remediation of Internet Finance Risks will investigate and collect evidence on illegal […]
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Binance’s crypto trading platform for United States-based users, Binance.US, has partnered with crypto brokerage firm Tagomi to provide institutional liquidity for its users. Binance’s cryptocurrency trading platform for United States-based users, Binance.US, has partnered with crypto brokerage firm Tagomi to provide institutional liquidity for its users. The partnership was announced in a Nov. 21 press […]
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Ubisoft, the game development giant behind videogame Assassin’s Creed, partnered with EOS-based game distribution platform Ultra. Ubisoft, the game development giant behind the videogame Assassin’s Creed, partnered with EOS-based game distribution platform Ultra. According to a press release shared with Cointelegraph on Nov. 21, Ubisoft will be a corporate block producer on the testnet version […]
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With Facebook and Google establishing themselves more firmly into the financial industry, what is the future like for crypto? A peculiar phenomenon is occurring within the economic sector. In fact, it’s been transpiring over the past few decades. After the rise of the internet and the development of effective communications, the financial industry underwent a […]
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The IT affiliate of South Korean technology behemoth LG and the blockchain subsidiary of Kakao have collaborated to bridge public and corporate blockchains. LG’s IT affiliate LG CNS and the blockchain subsidiary of Kakao, Ground X, are partnering to bridge public and corporate blockchains. The Korea Herald reported on Nov. 21 that the two companies […]
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