Cryptocurrency exchange Binance plans to double its compliance team by year’s end and said it will “humbly welcome more capable talent” as it faces a blizzard of global regulatory probes.
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Ether investment products and funds posted record outflows in the last week of June, bearing the brunt of negative sentiment on cryptocurrencies.
A growing number of crypto asset firms are abandoning attempts to register with Britain’s financial regulator as global scrutiny of the rapidly-growing sector intensifies.
Bitcoin pushed higher Monday as proponents took encouragement at its failure to breach the closely watched $30 000 support level over the weekend.
Britain’s financial regulator has ordered Binance, one of the world’s largest cryptocurrency exchanges, to stop all regulated activity and issued a warning to consumers about the platform.
China’s crackdown on the cryptocurrency industry is expected to spur miners to uproot their operations and head abroad.
A patch of virtual land in the blockchain-based online world Decentraland sold for more than R13-million on Thursday, in a record purchase for the platform.
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Binance coin has strengthened its position as one of the world’s largest cryptocurrencies after a 53% rally in the past seven days to the third spot behind bitcoin and ether.
Promoted | Binance will be joined by The Bachelor’s Marc Buckner for a “My Crypto Life” webinar aimed at providing an introduction to cryptocurrencies. The event takes place on 17 February. Register here.