One of the world’s leading cryptocurrency exchanges, Binance, has recently been dealing with a number of fluctuations in the market that have hurt many small-cap tokens. The platform’s help desk has started looking into the issue and has come back with some initial findings. The help desk report indicates that the price drops seem to have been caused by large-scale, fast trades that went through, ostensibly, a number of different accounts—both VIP and non-VIP. The report also noted that no individual account appears to have profited from these trades. Traders and market participants are worried about falling prices, especially about
The post Binance Investigates Market Decline Amid Sudden Token Sell-Offs appeared first on The Merkle News.
]]>Binance has officially entered the memecoin race on the Sui Network with the launch of $HIPPO, marking the 18th memecoin project on its platform. This is Binance’s first memecoin launch on the Sui blockchain in 2024, and it’s already creating major waves in the market. Following Binance’s introduction of futures trading for HIPPO, the token has surged by an impressive 144% in a short span, pushing its market cap to around $278 million. The bullish sentiment doesn’t stop with HIPPO; both $ACT and $Pnut—memecoins launched just two days ago—have also witnessed massive gains of over 1,000%, reflecting the growing enthusiasm
The post Binance Sparks Meme Frenzy With Launch Of $HIPPO On Sui Network appeared first on The Merkle News.
]]>Following its Binance listing, $ACT (AI Community Token) skyrocketed in value, achieving a 20x price increase and raising its market cap from $20 million to nearly $30 million in just a few hours. Launched on October 19, $ACT is an innovative platform enabling interaction between AI agents and humans, promoting seamless and collaborative communication. Co-founded by @amplifiedamp, $ACT allows multiple AI agents, such as GOAT, to engage in dynamic exchanges with humans—going beyond one-way conversations. Today, #Binance listed $ACT at a $20M market cap, causing the price of $ACT to surge 20x within hours! What is $ACT? 1/ Let’s learn
The post $ACT Surges 20x After Binance Listing; Community-Led AI Token Gains Momentum appeared first on The Merkle News.
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The majority of crypto companies attracted by the once favorable Estonian regulations have either abandoned or lost their licenses. According to the latest numbers released by the Baltic nation’s anti-money laundering bureau, only 100 businesses are currently authorized to provide digital-asset services. Most Estonian Licenses for Provision of Crypto-Related Services Expire A total of 389 […]
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New legislation tailored to regulate the crypto space in Hong Kong aims to implement a licensing regime for crypto service providers. The respective changes to the region’s anti-money laundering (AML) rules have been submitted to its legislature while a recently published report examines relevant threats. Hong Kong Lawmakers to Review Bill Aligning Crypto Sector With […]
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Estonia is preparing to enforce a set of new anti-money laundering rules that will stiffen requirements for crypto companies operating under Estonian license. The changes come amid concerns that Russia may use crypto to evade western sanctions and an ongoing audit of the Baltic nation’s AML policies. Government of Estonia Creates Stricter Regulatory Environment for […]
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Mining and trading of cryptocurrencies are illegal in Nepal, the country’s central bank has reminded citizens of the Himalayan nation. The regulator also warned that participating in such activities would entail penalties as per the current legislation. Despite its position, however, the Nepalese have continued to invest in bitcoin, media reports reveal. Engaging in Illegal […]
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A new bill obliging candidates running for election in Russia to declare their spending on digital assets has hit the floor of the State Duma. According to the draft, Russian politicians will be required to disclose details about every crypto purchase they and their families make, if the total exceeds a certain amount. Candidates to […]
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During the last few days, members of the U.S. Congress have been trying to pen a stimulus plan to help the American economy. Since then, a few bills have been submitted by representatives and two particular proposals House democrats have tabled talk about a “digital dollar” and “digital ledger entries.” Following the submission of the […]
The post Shelter-in-Place for Cash? 2 Bills Submitted by US Congress Mention ‘Digital Dollars’ appeared first on Bitcoin News.
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Governments around the world have been trying for some time to bypass encryption and backdoor messaging apps. End-to-end encryption was preventing authorities from stopping terrorist attacks, we were told, and personal privacy had to be sacrificed for the greater good. Now, as the coronavirus spreads through the world, the powers-that-be claim public health is being […]
The post Encryption Standards Threatened Under Pretext of Battling Coronavirus appeared first on Bitcoin News.
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