In einem langen Blogbeitrag mit Vorschlägen zu Standards für die Branche hat Sam Bankman-Fried erklärt, die Börse FTX US werde keine Vermögenswerte notieren, die von ihren Anwählt Netzwerkpapiere eingestuft werden.
Binance receives a licence to operate a cryptocurrency exchange in Cyprus
Binance received licence to operate in Cyprus, a few weeks after it gained similar approvals in Kazakstan and New Zealand.
Binance, the world’s leading cryptocurrency, announced in a blog post on Thursday, that it has gained the necessary approval to operate in Cyprus.
The crypto exchange said it had been granted Class 3 registration as a Crypto Asset Services Provider (CASP) by Cyprus Securities and Exchange Commision (CySEC).
Thanks to this latest cryptocurrency news, Binance is now free to offer services, including spot, custodian, staking and card services in Cyprus.
However, Binance said it would offer these services in compliance with the requirements of the CySEC’s anti-money laundering and counter-terrorist financing (AML/CTF) rules.
The crypto exchange said its Binance Cyprus Limited was granted registration by CySEC on October 20, 2022.
Binance added that CySEC is also tasked with regulating anti-money laundering and counter-terrorist financing (AML/CFT) activities for cryptocurrency asset operations going on in the country.
While commenting on this latest development, Changpeng Zhao (CZ), founder and CEO of Binance, said;
“Binance has some of the most thorough AML and CTF compliance policies in the industry. Recognition of the efforts we have made to be on the leading edge of compliance that our registration in Cyprus represents is a testament to that. Effective regulation that protects users and stimulates innovation is essential to the continued growth of our industry.”
Martin Bruncko, Executive Vice President Europe of Binance, also stated that;
“Registration in Cyprus is an important step in our European growth and is another sign of our commitment to the region. We look forward to building out our local team in Cyprus and helping to develop the local crypto ecosystem.”
This latest development comes barely two weeks after Binance received its licence to operate in Kazakhstan.
Late last month, the cryptocurrency exchange also regulatory approval to enter the New Zealand market.
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OANDA launches new crypto trading service for US customers
- OANDA is offering the new crypto trading service via a partnership with Paxos Trust Company.
OANDA, one of the leading online broker platforms that provides multi-asset trading among other services, has expanded its services to the United States with a new crypto trading offering.
The company’s expansion into the US market is in partnership with regulated blockchain firm Paxos Trust Company, OANDA revealed in a press release on Thursday.
The two companies announced they were collaborating on a cryptocurrency trading ecosystem September.
OANDA eyes growing US market
By expanding to the US, OANDA hopes to tap into the growing crypto trading ecosystem by providing investors with a platform that gives customers seamless access to the crypto asset class alongside their forex portfolios.
“This launch signals the start of an exciting new phase of growth for OANDA, creating significant opportunity in the US market. As the number of Americans seeking exposure to cryptocurrencies grows, it’s becoming clear that digital assets should form part of a unified trading experience for active traders and sophisticated investors,” said Gavin Bambury, the Chief Executive Officer of OANDA.
US-based traders will access spot crypto trades via OANDA mobile app, with transactions powered by Paxos’s itBit exchange. Investors will manage all their activities via the app, including account registration, deposits and trading, the broker announced.
Customers will be able to trade bitcoin, ether and PAX Gold, with trading pairs against the US dollar.
Founded in 1996, OANDA debuted its FX trading platform in 2001 to pioneer web-based currency trading.
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Ethereum whales scooped 3.5 million ETH in 30 days: Santiment
Ethereum whales with 1 million or more of Ether in their wallets added 3.5 million tokens, or over $4.5 billion worth of ETH in 30 days.
Santiment, a market intelligence firm covering on-chain and social metrics for over 2,500 cryptocurrencies, says more whales have bought Ether, the native token on the Ethereum blockchain.
As CoinJournal recently highlighted, Ethereum is one of top 3 coins popular with whales, and indeed, large whales accumulating ETH has pushed the total holdings by such addresses to an all-time high above 28.5 million ETH.
Billionaire whales scoop $4.5 billion worth of ETH from weak hands
According to Santiment data, Ethereum billionaire addresses that hold at least 1 million ETH have continued to accumulate Ether despite the bear market.
In the 30 days since around 11 September this year, the number of whales with 1 million or more of Ether has grown to 132 addresses.
On-chain data shows the accumulation began just before the Ethereum merge, and has continued throughout September, and first half of October, with 14% more Ether added by these top holders to account for over $4.5 billion worth of ETH scooped from weak hands.
🐳 Since September 11th, #Ethereum billionaire whale addresses holding 1M or more $ETH have collectively added 3.5M more coins. This has increased their cumulative bags by +14%. There are currently 132 such addresses in existence. https://t.co/iek4uXbJjV pic.twitter.com/dlCdDkO0Bm
— Santiment (@santimentfeed) October 19, 2022
In its latest analytics outlook, the platform points out ETH held by billionaire addresses has reached an all-time high of 28.55 million ETH- well over $36 billion as per the latest Ethereum price of $1,287 per token.
Elsewhere on-chain data shows Ethereum’s active addresses count has hit its lowest level in 4 months. Santiment says the trend has held with post-merge price stagnation a factor.
😲 #Ethereum’s active addresses have sunk to 4-month lows with weak hands continuing to drop post-#merge, and disinterest at a high as prices have stagnated. Monday was the first day that there were less than 400k addresses on the network since June 26th. https://t.co/FKXHhg6Z5g pic.twitter.com/1Ekj3bpT0A
— Santiment (@santimentfeed) October 20, 2022
Ethereum has been bound below $1,400 since mid-September when it dropped from highs of $1,470.
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Binance BNB steady above $266 – A quick technical outlook
Binance (BNB/USD) buyers continue to defend $266. The level has become a crucial zone, as the cryptocurrency has formed multiple bottoms. That gives buyers a real chance to thwart bear interest and move the cryptocurrency higher.
The stability of BNB comes when crypto exchange-related tokens are going south. As of press time, the FTX token trades at merely $22, nearly the lowest price of $21 in the year. Similarly, the Cypto.com token is trading near its yearly lows. BNB trades at $272, up from its yearly lows of $184, cementing the status as a stable exchange-linked coin.
Of course, Binance ranks as the largest crypto exchange, and it is easy to see why. In September, the crypto exchange saw increased trading volumes despite cryptocurrency prices falling sharply. The rise in volumes followed the exchanges’ move to remove trading fees on popular crypto pairs.
With the stability of Binance, bulls have been relentless as the token hit $266. A technical outlook shows that $300 remains a realistic target if the bear market does not worsen further.
BNB holds $266 support intact amid a bear market
Source – TradingView
Technically, BNB remains stable at or slightly above $266 support. However, the RSI reading is below the midpoint suggesting that bears have the upper hand. Should sentiment remain, bulls could push the price back to the $300 resistance.
On the flip side, a further bear market could allow bears to push the price lower to $244.
Concluding thoughts
On a balance of probabilities, a bull case is stronger for BNB based on the stability of the price at support. Bears are also active, giving a potential consolidation scenario for BNB at or around $266. BNB buyers can take a chance at the current level but monitor price action and sentiment since a lower price is still possible.
Where to buy BNB
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