U.S. agencies work to handle crypto in sanctions evasion, but may ultimately just cut the country off from an evolving financial world. Running up against limited experience and resources for monitoring potentially illegal use of digital assets, United States authorities delegate sanctions monitoring to cryptocurrency exchanges and industry players. But do current practices do more […]
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Binance CEO announces launch of forthcoming fiat support for South Africa. Binance CEO Changpeng Zhao has announced that the company will launch a fiat gateway for South African users, allowing them to make Rand deposits. The announcement was made on day one of the Blockchain Africa conference being held in Johannesburg this week. CZ confirmed […]
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The decline in Bitcoin CME futures volume led some investors to speculate that institutional investors jumped ship, but what really happened? Over the past two years Bitcoin (BTC) futures trading on CME (Chicago Mercantile Exchange) has grown in importance for institutional investors. However, a popular misconception among traders is to attribute an unwarranted amount of […]
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U.S. firm Alternet Systems (ALYI) is preparing to launch a $100 million ICO intended to fund electrical vehicle production for the African market. Alternet Systems Inc (ALYI), an energy storage, military application, and electric motorcycle firm, has entered into a new partnership to launch a cryptocurrency dedicated to funding electric vehicle projects in Sub-Saharan Africa, […]
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BitMex appears to have emerged from the recent market meltdown stronger than ever, with the exchange’s insurance fund quickly jumping back into all-time highs. The March 13 crypto market meltdown ravaged cryptocurrency companies across the industry, sparking a MakerDAO debt crisis and causing millions to be deployed from the insurance funds of exchanges Binance and […]
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OKEx completed maintenance to find its trading volumes increased and the platform became the top Bitcoin futures exchange. OKEx completed a short maintenance yesterday at a time of great volatility in the cryptocurrency market. The exchange also just recently overtook competitor BitMEX and became the top Bitcoin futures trading platform. On Mar. 12, OKEx announced […]
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Bitcoin’s price had its worst drop in seven years, after $1 billion in longs were liquidated. Top traders discuss the causes. The Bitcoin (BTC) price dropped to $3,600 overnight, marking Bitcoin’s biggest daily drop in the last seven years. Over $1 billion worth of longs was liquidated on March 12, causing one of the most […]
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Industry experts tout blockchain as a development driver in Africa across a number of sectors at the Blockchain Africa conference. Impressive use-cases of blockchain technology have come to the fore after the conclusion of the 2020 Blockchain Africa Conference in South Africa. The event went ahead as planned in early March despite the global coronavirus […]
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Binance is doubling fees for ETH withdrawals due to high ETH network congestion. Fired-up Crypto traders call the decision robbery. Binance announced in a tweet on March 12 that it is doubling fees for ETH withdrawals. The company cited network congestion as the reason for the decision. The tweet specified: “To better facilitate ERC20 and […]
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The crypto markets are currently facing a strong wave of selling leading traders to focus on whether cryptocurrencies will form panic bottoms soon. Governments and citizens across the world are in a state of panic as cases of coronavirus continue to rise. This has rocked global equity markets for the past few days and volatility […]
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