TA: How Binance’s Regulatory Woes Have Plagued BNB’s Rise

Binance is the largest and most popular cryptocurrency exchange in the world. The platform remains a top option for anyone looking to get into the crypto space and make money. But, the past few months have been a bit of a challenge for Binance. The company has faced opposition from different governments. Now, all of these appear to be stifling the rise of its coin, BNB. It All Started So Well Binance launched BNB in 2019 as its exchange token.…

Imminent Funding Rounds for Two Large Crypto Exchanges

2021 has been a relatively good year for crypto. More people want to buy cryptocurrencies. Companies are also expanding quite well. Expansion tales are always good signs. They show that the market is growing and doing quite well. This week, two of the largest crypto exchanges are taking centre stage. Rumours have started to circulate that Binance US and the Gemini Exchange are raising funds. Both companies are reportedly finalizing their fundraising rounds, with both sure of securing the "unicorn" status.…

Binance Cuts Off Crypto Services in Singapore

Binance.com is working on cutting off some crypto-related services for Singapore citizens. It comes after the Singapore government put the exchange on an investor's alert list. In addition, the Monetary Authority of Singapore reported that Binance had breached local regulations. To that end, on Thursday, Singapore put the Binance global website on an alert list. The intent was to warn Singapore consumers that the exchange was not regulated or licensed to provide financial services. Binance Restrictions To adhere to the prescribed rules…

Binance Eyes A Clear Regulatory Path by Adopting Centralization 

Binance exchange CEO Changpeng Zhao admits to adopting a centralized platform. Working under a centralized crypto exchange paves the way to peaceful coexistence with the regulators. By Zhao's words, Binance needs a clear record of stakeholders, risk controls, and ownership. The news comes after continuous battles with financial regulators from different countries. The Previous Struggles Binance had several regulatory fights in the past. Essentially, concerns came from regulators based in Italy, Singapore, Holland, Japan, and many more. In June 2021, Japan issued…

Binance Exchange is in Turmoil after Payment Services Act Breach

Cryptocurrency exchange Binance is no longer operating in Singapore until further notice. Earlier on, the Monetary Authority of Singapore(MAS) placed the exchange on its investor alert list. This year, Singapore upped up implementation of the Financial Action Task Force’s standards. The well-known trading platform appeared among several exchanges in scrutiny. Binance Had No Trading License A MAS spokesperson stated that the central bank has gone through Binance.com’s operations in detail. Consequently, they established that the exchange might breach the Payment Services Act (PS Act). …

Why Do Exchanges Freeze User’s Crypto Funds?

cryPicture this: you've finally mustered the courage to take the plunge into crypto. Everything is going right for you. You're mastering the hacks to optimize your investment and are looking forward to a fulfilling experience within the space. Then it happens. You log in to your account and find that you can't access it anymore, let alone transact in it. In a panic, you try customer support to no avail. Next, you can't help asking how you got here. Is it…

Leveraged Trading on Binance Takes a Drastic Turn as Users Seek Compensation

Dissatisfied Binance traders continue to express their sentiments on the exchange's leveraged trading product. Currently, users are now looking forward to taking legal actions and utilizing social media platforms to rally up for compensation from the exchange platform. On top of that, regions such as Europe, Asia, and America are keen on investigating Binance following the growing complaints from users. Binance customers like Alex Holland narrate how he lost an investment sum of $10,000 between April and May 19, 2021,…

Registering and Connecting your Exchange APIs to the Shrimpy Application

Shrimpy is a trading bot that allows traders with any level of experience to gain an edge in their crypto trading strategies by automating all the tedious tasks associated with manual cryptocurrency investing. The platform offers portfolio management services and an API for seamlessly connecting to several exchanges in one platform. You will need to connect your exchange APIs to the Shrimpy application to begin trading on Shrimpy. Signing up with Shrimpy is quick and easy when you follow the…

Customer Support Review of Exchanges With the Highest Market Cap

Crypto exchange platforms are a significant player in the cryptocurrency trade process. The importance is well signified by the presence of around 504 crypto exchanges in operation globally. They play the key role of enabling the withdrawal, deposit, and exchange of cryptos. Among these huge numbers, there are those exchanges that stand out by having the highest market capitalization. They get the lion's share of customer traffic thanks to their popularity as well as high liquidity. This article will make…

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