There have been previous reports that Binance.US keeps users’ USD in FDIC-insured accounts, but posts on the Binance.US site containing that information have since been deleted. While it doesn’t guarantee the same in case of a Binance.US hack, the international version of the exchange, Binance, covered all consumer losses after a $40 million hack in 2019.
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Margin is usually expressed as a percentage of the full position. A trade on bitcoin (BTC), for instance, might require 15% of the total value of the position to be paid for it to be opened. So instead of depositing $5000, you’d only need to deposit $750.
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Current global supply chain issues, which some experts believe may last until early 2023, continue to hammer various industry sectors. According to an Oxford Economics research briefing, overall U.S. supply chain pressures worsened during the month of October after having eased in September.
House passes $1.2 trillion bipartisan infrastructure bill, the largest transportation package in U.S. history
From a technical perspective, Bitcoin’s price action appears to be contained within an ascending parallel channel that developed since Oct. 4. Every time BTC has risen to this technical formation’s upper boundary since then, it has been rejected and retraced to the pattern’s lower edge. From this point, it tends to rebound, which is consistent with the characteristics of a parallel channel.
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The former head of the Office of the Comptroller of Currency (OCC), Brian Brooks, resigned as CEO of Binance.US last week, The Wall Street Journal reported Friday, citing a post from him on the social media platform Twitter. Brooks had only recently joined the company in the role on May 1.
The Bitcoin dip could be a sign of traders pulling back from new all-time highs for the cryptocurrency and hedging their bets as market analysts project that Bitcoin could reach a landmark $100,000 threshold in the near future.
Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline. Read the weekly forecast
"This morning a press release was fraudulently issued claiming to be The #Kroger Co. that falsely stated the organization will begin to accept Bitcoin Cash," the company tweeted. "This communication was fraudulent and is unfounded and should be disregarded."
As far as India is concerned, in 2018, the Reserve Bank of India (RBI) had banned banks and other financial institutions from facilitating cryptocurrency transactions. In 2020, the Supreme Court reversed the order. Since then, though trading is allowed on these virtual coins, they have not yet received the status of a legal tender. However, that doesn't spare anyone from paying tax on cryptocurrency trades.
As far as payment for assets goes, platforms offer crypto purchases via bank transfers, crypto transfers, or credit cards, depending on the platform. Buying crypto with cash in a person-to-person fashion is also possible. Availability for buying and selling crypto on any given platform, however, can vary from region to region.
One fairly widespread scamming technique is websites that appear to be a new cryptocurrency mining operation or investment opportunity.
Blockstream Partners With Financial Firm Macquarie to Develop Zero-Emission Bitcoin Mining Facilities Facebook Twitter LinkedIn Telegram Dimitar got interested in cryptocurrencies back in 2018 amid the prolonged bear market. His biggest passion in the field is Bitcoin and he was fascinated with its journey. With a flair for producing high-quality content, he started covering the cryptocurrency space in late 2018. His hobby is football. What is Floki Inu (FLOKI)? Everything You Need to Know About the Trending Memecoin Phemex Beginner’s Guide & Exchange Review (Updated 2021) This is How we Avoid Listing Scams on CoinGecko: Interview with Co-Founder Bobby Ong What is Play-to-Earn? These Are The Top Play-to-Earn Crypto Games Spot and Futures-Backed Bitcoin ETF: What’s the Difference?