Der Krypto-Anwalt John Deaton erzählt, dass große Krypto-Akteure wie Coinbase die SEC noch vor der Notierung von XRP um regulatorische Klarheit gebeten hatten. Die Behörde beanstandete die Anträge jedoch nicht.
Deutschland will chinesische Investitionen in KI und ähnliche Sektoren strenger prüfen
Die deutsche Regierung schlägt strengere Exportkontrollen für Halbleiter und KI-Technologien nach China vor, ähnlich wie es auch die USA machen.
Binance US revives US dollar on-ramp after MoonPay partnership
- Binance.US lost its banking partners after the SEC filed a lawsuit against Binance and its affiliates.
- It had announced it was switching to a crypto-only exchange after failing to get a banking partner.
- The MoonPay partnership enables Binance US to resume USD deposits and withdrawals.
Binance.US has launched a new partnership with cryptocurrency payments company MoonPay to enable customers to purchase the US dollar-pegged stablecoin Tether (USDT). This comes two months after the crypto exchange switched to a cryptocurrency-only platform after failing to get any banking partner.
Binance.US experienced a breakdown with its banking partners, which resulted in the exchange’s fiat deposits being suspended as of June 9. The Securities and Exchange Commission, which had sued the exchange and its affiliates four days earlier, was blamed at the time for the disruption, using “aggressive and intimidating” tactics.
Customers can now use USD dollars on Binance US
The cryptocurrency exchange has announced that USDT would serve as the new “base asset” for all transactions, and its collaboration with MoonPay gives customers a way to transact in US dollars (USD).
Today, we’re excited to introduce a new $USD on-ramp!
✔️ Buy $USDT on https://t.co/AZwoBOgsqS through payment partners like @moonpay, which supports debit & credit card, Apple Pay, and Google Pay.
✔️ Sell USDT for USD to withdraw via bank transfer.
Learn more & get started ⤵️
— Binance.US 🇺🇸 (@BinanceUS) August 22, 2023
According to the exchange’s announcement, US clients wishing to fund their accounts can now convert US dollars for USDT, which can then be used to buy other cryptocurrencies on the site.
The agreement provides customers with an on-ramp that permits purchases by debit and credit cards as well as Apple and Google Pay in addition to direct bank deposits, which are still disabled on Binance.US.
The exchange had a number of problems with withdrawals in US dollars on June 23, but it was able to temporarily restore operation although it at the time forewarned that the service would soon be withdrawn.
Before the SEC filed a complaint against Binance.US and its affiliates, the exchange allowed its customers to buy and sell cryptocurrencies through direct USD deposits and withdrawals.
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Bitcoin is not headed for new lows: Scott Melker
- Wolf of All Street’s host Scott Melker is constructive on Bitcoin.
- He explained why in an interview with Yahoo Finance today.
- BTC has tumbled from $31,000 to $26,000 in about six weeks.
Bitcoin is still a bull market despite the sharp sell-off in recent weeks, says Scott Melker – Host of “The Wolf of All Streets” podcast.
Melker remains constructive on Bitcoin
The world’s largest cryptocurrency has retreated from over $31,000 to the sub $26,000 level in about six weeks – fragility that Melker attributes to a “long squeeze”.
But he remains confident that Bitcoin is not at all doomed to make a new low in the coming months. Defending his view on Yahoo Finance, the crypto trader and investor said:
I don’t think there’s reason to suspect we’ll go to new lows like we did after the FTC collapse unless we have some other massive black swan event. I don’t see that in cards.
Note that Jason Pizzino also recently said that BTC could soon be worth over $42,000.
Bitcoin has strong support at $25,000 level
Scott Melker announced $25,000 as a key level to watch in Bitcoin – as long it’s trading above that level, it’s still in a bull market, he added.
The crypto expert sticks the probability of a Spot Bitcoin ETF being approved by the Securities & Exchange Commission this year at 65%. He’s constructive on BTC also because the big players have been loading up on it for months.
If you look at the way Bitcoin has moved over the past four years, we’re in the midst of another four-year cycle in the exact same place that we were last time.
The total supply of Bitcoin is slated to halve in the second quarter of 2024 – an event that’s historically delivered a boost to its price.
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BNB price: headwinds mount, bulls could fall off cliff
- Binance Coin (BNB) price is traded to lows of $204 after breaking below $210 and $208.
- Declines for BNB come amid strong headwinds around Binance.
- BNB could drop to lows of $180 nad lower if bulls give up $200 zone.
BNB price has broken below a key level as regulatory headwinds and latest issues around payments partners add to the broader downside pressure around the native Binance coin.
According to data from CoinGecko, BNB traded to lows of $204 on Tuesday, with price down nearly 2% in the past 24 hours as of writing. Binance’s native coin has declined more than 14% in the past week. At current levels BNB is trading below a key technical support line and weakness could see bears push for the crucial $200 area.
The last time BNB decisively broke below the zone was in June 2022 after the Terra and Three Arrows Capital collapse. Prices wicked to lows of $183 then.
Why is BNB price down today?
Binance has faced multiple regulatory hurdles over the past several months. Among them is a lawsuit by the US Securities and Exchange Commission (SEC), which sued the crypto exchange in June. BNB price fell sharply at the time, dropping from highs of $306 to lows of $230.
The cryptocurrency has struggled since, with the latest developments likely to have contributed to the downward pressure being reports that the support for euro deposits and withdrawals had been halted.
Notably, Binances EUR payments partner Paysafe announced in June that it would be halting support for the company.
As reported here, Binance has also recently suffered a setback after digital payments platform Checkout.com ended its relationship with the crypto exchange.
Binance Coin price outlook
The confluence of Binance-related issues and the weakness across risk asset markets sees BNB price face potential dip to lowest level in more than a year. This scenario is strengthened by the technical outlook for BNB/USD as seen on the weekly chart.
BNB price on the weekly chart. Source: TradingViewOn the 4-hour chart below, the RSI and MACD indicators suggest bearish strength as is the exponential moving average and funding rate. Erroneous
BNB price on the 4-hour chart. Source: TradingView
In BNB’s case, the path of least resistance appears to be downward and key to this is the $200 level. Break this and bears could have easy targets towards the $180 area.
However, should price action push prices higher, reclaiming $210 will be critical to pulling bulls back to the $220-$250 region.
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