Autor Cointelegraph By Arijit Sarkar

Binance reportedly halts crypto derivatives service in Spain

Binance reportedly halts crypto derivatives service in Spain

Uverejnil používateľ | máj 7, 2022 |

Binance stands as one of the most persistent crypto exchanges when it comes to gaining regulatory approval and operational licenses from regulators across the world. In this effort to operate as a fully licensed financial institution, the exchange has stopped offering it’s crypto derivatives services in Spain as it reportedly awaits approval from the Spanish regulator, Comisión Nacional del Mercado de Valores (CNMV).As evidenced by Binance’s official Spanish website, the crypto exchange removed the derivatives drop-down menu, which is still available on the global version. According to local news publication La Información, the move to hide derivatives offering in Spain comes as a way to comply with the requirements set by CNMV, a.k.a. the National Securities Market Commission.Navigation menu on Binance Spanish (top) and global (bottom) versions. Source: BinanceThe screenshot above shows the missing ‘Derivatives’ option from the Spanish version, which is evidently available in the global version. While the screenshot confirms Binance’s intent to offer services only upon regulatory approval, further investigation from Cointelegraph confirmed that the URLs related to derivative offerings in Spain — including futures, battle and derivative portal — remain active.Active derivatives portal on Binance Spain version. Source: BinanceHowever, the local report suggested that Binance will reintroduce the derivatives option only after receiving the regulatory green light in the form of a guarantee certificate from the Bank of Spain (BdE). In June 2021, Binance CEO Changpeng Zhao revealed plans to expedite the crypto exchange’s growth by working with the regulators, stating:“We want to be licensed everywhere. From now on, we’re going to be a financial institution.”Binance, along with other crypto exchanges like Coinbase and Bit2Me, is listed in CNMV’s ‘gray list,’ which prohibits organizations from operating as fully licensed entities in the region.Related: France’s financial authority approves Binance’s registration as digital asset service providerDespite the minor setback faced due to regulatory delays in Spain, financial authority from the neighboring country of France — Autorité des marchés financiers (AMF) — approved Binance as a registered digital asset service provider..@Binance just got approved for the France VASP (Virtual Assets Service Provider) registration.https://t.co/DwqZrxq3bS pic.twitter.com/Eebkc7OhRV— CZ Binance (@cz_binance) May 4, 2022As Cointelegraph reported, the move into France signaled Binance’s latest expansion of its global operations, having obtained in-principle approval to operate in Abu Dhabi in April. Citing the regulatory approval in France, Binance shared plans to significantly scale its operations in the region while pursuing “further infrastructure development.”

Čítaj viac
NFT market well-positioned to grow 35% into a $13.6B industry by 2027

NFT market well-positioned to grow 35% into a $13.6B industry by 2027

Uverejnil používateľ | máj 7, 2022 |

Reflecting the growing interest in the non-fungible token (NFT) space among today’s investors, new research predicts that the existing $3 billion market size will reach $13.6 billion by the end of 2027.For the next five years, the key factors tied to the global NFT boom continue to factor in the growing involvement of mainstream influencers, gaming communities and the rising demand for digital artworks. Interestingly enough, research firm MarketsandMarkets envisions several other factors that will contribute to the explosive growth of the NFT market, including its increasing use cases in supply chain management, retail and fashion.Global NFT market trends. Source: MarketsandMarketsSome of the other catalysts well-positioned to further speed up the growth of the NFT market are metaverse initiatives by existing market leaders such as social media giant Meta and the personalization of NFTs.In November 2021, Cointelegraph reported on the rising interest from Asia-Pacific (APAC) investors as local NFT-related Google searches surged in the region. MarketsandMarkets, too, cited this trend:“APAC countries are emerging toward constant developments and marketplace launches in the given market to give creators and buyers equal opportunities in the ecosystem.”One of the key factors attributed to the rise in NFT searches in countries like Hong Kong, Singapore and China is the lack of regulatory acceptance for crypto trading or mining. NFT marketplaces — platforms that allow investors to purchase and sell NFTs — are currently expected to contribute the highest to the growth of the NFT ecosystem. While existing players like OpenSea now lead this space, crypto exchanges like Coinbase and Binance have started offering similar services for exchanging NFTs in the open market. Related: Elon Musk swaps Twitter avatar for a horde of Bored Apes, BAYC floor price surges 10 ETHTesla CEO Elon Musk, who has been an active Dogecoin (DOGE) supporter, recently changed his Twitter profile picture to a collage of multiple popular NFTs released by Bored Apes Yacht Club (BAYC).As Cointelegraph reported, the temporary change in Musk’s display picture resulted in BAYC’s floor price surging 10 Ether (ETH).@elonmusk as much I admire your work I’d like you to remove your pfp that I created for our Sotheby’s sale. Or you credit me . Happy to send you the original file minted with the buyer approval pic.twitter.com/e83ZyxWGH5— Michael Bouhanna (@michaelbouhanna) May 4, 2022However, as a part of the community assumed the move as Musk’s entry into the NFT space, the entrepreneur clarified his stance by tweeting:“I dunno … seems kinda fungible.”

Čítaj viac
Ape-themed airdrop phishing scams are on the rise, experts warn

Ape-themed airdrop phishing scams are on the rise, experts warn

Uverejnil používateľ | máj 4, 2022 |

Cybersecurity experts identified and disclosed the rising popularity of airdrop phishing among crypto and nonfungible token (NFT) scammers.Airdrops serve as an essential marketing tool for crypto projects, which involves sending free cryptocurrency tokens or NFTs to promote awareness among investors. However, a new report released by Malwarebytes Labs highlighted an alarming rise in airdrop phishing attempts as scammers try to cash in on the hype around Yuga Labs’ BAYC Ape-related NFT collection.Airdrop phishing: what is it, and how is my cryptocurrency at risk? https://t.co/kWG09l06fi— Malwarebytes (@Malwarebytes) May 3, 2022Malwarebytes recorded that the most common airdrop phishing tactics involve the use of fraudulent websites portraying as one of the legitimate platforms, adding that “Apes are, of course, the hottest draw in town where Airdrop phishing is concerned.”The report acknowledged the fraudsters’ rising interest in ape-themed phishing while citing the “variety of fake pages out there reflects this.”A fake website offering Bull & APE NFT as bait. Source: Malwarebytes LabsThe above screenshot shows a phishing attempt wherein scammers created a site asking visitors to claim up to 10 Bull & Ape NFTs. However, similar to any other phishing website, when a user tries to claim the seemingly lucrative offer, it prompts for a variety of password/recovery phrases:“Does this really sound like something you want to hand over your recovery phrase to?”In addition, Malwarebytes also warns about the rise in the “connect your wallet” airdrop phish wherein Twitter accounts with massive followers pose as popular projects such as Moonbirds project offering NFT airdrops.A scam account falsely portraying Moonbirds on Twitter. Source: TwitterAs the crypto community notices and calls out such scams, the fraudsters tend to turn off replies to their tweets to prevent being exposed. In this case, the official verified Moonbirds account warned about the imposters. BEWARE of scammers, we don’t Instagram, have a public discord, or have any other URL other than https://t.co/py5fF2nTlX — Moonbirds (, ) (@moonbirds) April 8, 2022

Malwarebytes’ advice resounds with the general security recommendations of not saying “yes” to everything a site asks for, concluding:“If you start granting permissions, or signing transactions, you may find your wallet draining of funds.”Related: ETH gas price surges as Yuga Labs cashes in $300M selling Otherside NFTsAs rightly pointed out in the Malwarebytes report, the hype around Yuga Labs’ NFTs is real. The latest launch of the Otherdeed NFTs, which saw each digital piece of land selling for 305 ApeCoin (APE), witnessed an instant sell-out.The Otherdeed NFT mint is sold out – we are awestruck at the demand shown tonight. Apes and Mutants, the opening of the 21-day claim period is being delayed until the price of gas drops to reasonable levels. We’ll tweet when the claim opens. https://t.co/iRz64lklbv— OthersideMeta (@OthersideMeta) May 1, 2022

As Cointelegraph reported, the sale resulted in an unprecedented but momentary spike in Ethereum (ETH) gas fees. Citing some of the issues related to using Ether during its NFT launch, Yuga Labs announced the need for ApeCoin to migrate to its own chain to scale properly.

Čítaj viac
Hawaii Senate committees favor task force to regulate crypto, blockchain

Hawaii Senate committees favor task force to regulate crypto, blockchain

Uverejnil používateľ | máj 3, 2022 |

Two committees of the Hawaii State Legislature — Commerce and Consumer Protection (CPN) and Ways and Means (WAM) — unanimously approved the launch of a specialized task force to explore the use and regulation of the crypto ecosystem.In a letter addressed to the President of the Hawaii Senate, Ron Kouchi, legislative members Donovan Dela Cruz and Roz Baker wrote in support of creating a “Blockchain and Cryptocurrency Task Force” that was first proposed in bill SB2695.SB2695, titled “A BILL FOR AN ACT RELATING TO CRYPTOCURRENCY,” sought to establish a task force within the Department of Budget and Finance to review and compile country-wide data on crypto and blockchain. The task force would submit findings and potential legislation back to the State Capitol — which involves providing a plan to expand blockchain adoption in both the private and public sectors.Record of votes from Committees on CPN and WAM. Source: Hawaii State LegislatureCiting the vast potential for both the use and regulation of blockchain technology and cryptocurrency, the letter read:“This measure establishes a task force to create a master plan to explore the use and regulation of blockchain and cryptocurrency.”Once signed into law, the blockchain and cryptocurrency task force will need to submit a report of its findings and recommendations at least twenty days before convening the regular session of 2023. The task force will consist of 11 members — including representatives of a blockchain payments solution company, a cryptocurrency exchange and a cryptocurrency association — who shall be appointed by the governor.Related: Brazil’s Senate approves ‘Bitcoin law’ to regulate cryptocurrenciesOn April 27, Brazil’s Senate passed its first crypto-related bill in a plenary session, calling for the creation of a regulatory framework. As Cointelegraph reported, the bill awaits approval by the Chamber of Deputies before it can be signed into law by President Jair Bolsonaro. Speaking on the development, Senate President Rodrigo Pacheco said:“I want to congratulate the rapporteur of the project, Senator Irajá, for the approval, here in the Plenary of the Senate, for this important bill.”The bill is expected to be passed into law by the end of 2022.

Čítaj viac
Bitcoin ATM installation slowdown continues for 4th month in 2022

Bitcoin ATM installation slowdown continues for 4th month in 2022

Uverejnil používateľ | máj 2, 2022 |

April 2022 marked the fourth consecutive month of a slowdown in the installation of Bitcoin (BTC) ATMs, ever since the slowdown began at the start of the year.BTC ATMs serve a crucial purpose for the Bitcoin economy, helping users physically retrieve or deposit BTC holdings against the corresponding cash reserves.Net change of cryptocurrency machines number installed and removed monthly. Source: Coin ATM RadarBased on the data provided by Coin ATM Radar, the year 2021 saw the highest global increase in the BTC ATM installations, with August witnessing its peak of 2,037 ATMs net change. Starting in January 2022, the crypto ATM net change fell down to 1,687 from December’s high of 1,969 ATMs.Ever since, the net change in crypto ATM has maintained a downward trajectory, recording three-digit changes across the following months in February (970), March (757) and April (739).Last year’s explosive growth in crypto ATMs was a direct result of jurisdictions like El Salvador embracing Bitcoin as legal tender, which currently hosts the third-largest network of BTC ATMs after the United States and Canada. To highlight the highly untapped market for crypto ATMs, El Salvador hosts 205 Chivo-branded ATM machine, which amounts to 70% of all crypto ATMs in South America.Number of bitcoin machines installed over time. Source: Coin ATM RadarHowever, as previously pointed out by Cointelegraph, the evident reduction in the installations of crypto ATMs could be a result of the slowdown in newer jurisdictions willing to accept and adopt the Bitcoin ecosystem.Number of cryptocurrency machines installed by manufacturer over time. Source: Coin ATM RadarGenesis Coin maintains its long-standing dominance in the crypto ATM market, representing a 41.5% market share. Other prominent crypto ATM manufacturers include General Bytes (21.6%), BitAccess (15.2%) and Coinsource (5.3%).Related: Bitcoin ATM installed in Mexico’s Senate BuildingOn April 26, Mexico’s Senate building installed its 14th BTC ATM, showcasing the country’s increasing interest in the crypto ecosystem. Por la libertad, inclusión y educación financiera en México.#ToTheMoon @senadomexicano pic.twitter.com/QytQn58A3i— Indira Kempis de I. (@IndiraKempis) April 26, 2022Mexican senator Indira Kempis, who has recently proposed the legalization of Bitcoin, announced the launch of the new BTC ATM in Senate building while stating: “For freedom, inclusion and financial education in Mexico.”

Čítaj viac

Získaj BONUS 8 € v Bitcoinoch

nakup bitcoin z karty

Registrácia Binance

Burza Binance

Aktuálne kurzy