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Aurore Lalucq, a member of the European Parliament’s Committee on Economic and Monetary Affairs, asked the AMF regulator to justify its “incomprehensible” decision to register a Binance unit as a digital assets service provider in a letter dated June 13. Lalucq cited a statement from Britain’s financial regulator last year that said Binance was “not capable of being effectively supervised,” as well as a June Reuters report that found Binance served as a conduit for…

Faustin-Archange Touadera, the president of the Central African Republic, stated on Sunday that the expense of creating bank accounts is why cryptocurrency is the answer to addressing financial exclusion in the country. After becoming the first African nation to recognize bitcoin as legal tender in April, Touadera declared during a launch ceremony for the cryptocurrency effort Sango that “the cash alternative is cryptocurrency.” The formal economy is no longer a viable alternative for us. The…

According to the FSB, the recent instability in the cryptocurrency markets has brought to light their volatility, structural vulnerabilities, and growing connections to the more extensive financial system. The Financial Stability Board (FSB) , a body of regulators, treasury officials and central bankers from the Group of 20 economies (G20) . They want to create a community for central bankers around the world. It would be a place where these group of people can discuss…

The highly volatile cryptocurrency market was stoked by forecasts of aggressive interest rate increases from the US Federal Reserve, which led to a rise in bitcoin prices above $22,000 on Tuesday. The most widely used cryptocurrency increased by as much as 6.8% to reach a high of $22,954.36 per coin, which is its highest price since June 14, when lender Celsius Network suspended withdrawals amid a collapse in the value of digital assets. However, as…

As you are here to know about crypto staking, it’s obvious that you aren’t a beginner. You are someone who has already been investing in crypto and now wants to gain more knowledge about it. I guess with this little prediction, we have got your attention. Now let’s dig into the topic. To make this video completely informational for you, we will begin with the concept of crypto staking. Don’t skip any part of this…

PayPal, an American multinational financial technology company, said on Tuesday that it will now allow users to transfer cryptocurrencies to external wallets. The move is two years after the fintech giant opened up its platform to digital currencies such as bitcoin and dogecoin. Initially, this landmark feature will be available to select users across the US and will be rolled out to everyone in the coming months in stages. “This is really about access and…

Thanks to Putin’s war on Ukraine, the crypto market is crashing again today. The global market cap of cryptocurrencies has plunged to a new low and fallen below $1 trillion to $977 billion. That makes it 12% since yesterday. Major crypto stalwarts are pulling their money out of the market. Major cryptocurrencies like Bitcoin, Etherium, and Luna are in the fall. For the very first time, Bitcoin has fallen below $25000 since December 2020. Similarly,…

On Saturday, Bitcoin dropped below $19,000, extending a brutal slide in cryptocurrencies. The worth of bitcoin fell more than 9% in 24 hours to $18,642.22, as of about 2 p. The last time bitcoin traded around this level was December 2020. That has led to a retreat from risky assets of all stripes, including stocks and crypto. The crypto space remains reeling from the fallout of the $60 billion collapse of two major cryptocurrencies last…