Author: dfmines

Cryptocurrency News and Public Mining Pools

Binance Australia To Shut Down Crypto Futures Trading Amid Regulatory Concerns

As the crypto industry continues to dominate, financial regulators fear criminals will turn to the industry for their illicit activities. This year 2021, has been hot for the crypto industry in terms of regulation. Many financial watchdogs in the USA and other countries pushed harder to regulate the sector. Some top exchanges, including Binance, saw a lot of pressure from several bodies, especially on many of their products. The reason was that many of these exchanges could serve as a means of money laundering given the anonymity of the transactions. As a result, some countries keep limiting the operations of crypto exchanges in their markets. Related Reading | Bitcoin Holders Take Profits As Price Falls, Indicators Remain Bullish?  Binance has seen a lot of pressure from regulators all over the world. Some countries and apex financial bodies such as the Dutch Central Bank have accused the exchange of non-compliance with financial laws against terrorism. Australia Bans Crypto Futures Trading Amid the pressure on the largest crypto exchange, the Australian government has banned them from offering their crypto futures and options in their market. So now, traders will no longer access such products from Binance. The government even warned all their citizens and residents who have invested in futures, options & leveraged tokens to close their position within 90 days. Binance announced this instruction on September 20, 2021. Based on the available information, all Australian users will not invest in these products starting from Friday, September 24. But they can increase their margin balances against liquidation & margin calls. But from December 24, 2021, all manners of transactions on derivatives will close down. Related Reading | Did Turkey’s President Say “We Are In A War Against Bitcoin”? An Investigation In response to this restriction, Binance’s representative stated that they aim to ensure compliance and acceptance for all their products. As such, they usually monitor the regulatory requirements of the localities wherein they operate. But with the recent development, the company will also try to protect the interests of the users. Restrictions On Binance Keep Growing Apart from the recent restrictions in Australia, other countries have been limiting the operations of Binance in their markets. In addition, many global regulators have also been issuing warnings to the exchange. For instance, last month, the exchange stopped offering its derivative trading services in Brazil. Before that, the Hong Kong government also suspended its operations. Binance also halted its crypto derivatives trading in many other countries, such as Netherlands, Germany, and Italy. According to the exchange, it has decided to stop those services in European countries. crypto market is recovering from an abrupt decline | Source: Crypto Total Market Cap on TradingView.com Featured Image From Binance, Chart From Tradingview.com

Crypto markets soar after Fed commits to printing and Evergrande plans to pay its debt

The crypto market staged a roaring comeback after Evergrande makes a deal to pay its debts and the Fed signals a continuation of its current monetary policy.

Wallstreetbets Founder Jaime Rogozinski and Wsbdapp Project Launch 15,000 Generative NFTs

On September 22, the team behind the Wallstreetbets defi application called Wsbdapp announced the launch of a non-fungible token (NFT) collection featuring 15,000 generative NFTs. According to the team, the NFTs provide utility like VIP access to special metaverse events and yield farming boosts. Wsbdapp Project Launches NFT Collection During the first week of September, […]

How will ethereum acquire 51% consensus to move to proof of stake?

Please feel free to correct any misunderstandings I have In order to move from proof of work to proof of stake my understanding is there will need to be a 51% consensus among the network which is currently controlled by miners. My question would be why would miners agree to move ethereum away from proof…
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Are We Still Early to Crypto? A Data-Backed Analysis

TL;DR: Crypto is beginning to mature, but there are still many opportunities for wealth creation in high-potential altcoins, DeFi, Yield Farming, and other niches we haven’t even heard of yet. – Are we still early to crypto? ​Last week, I stumbled upon an old Medium post from venture capitalist Chris McCann. The Solana and FTX…
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Node infrastructure provider Blockdaemon raises $155M in Series B

Blockdaemon, the leading independent blockchain infrastructure platform, has announced that it has closed a Series B funding round of USD $155 million with a valuation of $1.255 billion, making it the world’s largest blockchain infrastructure company for node management and staking. This Series B was led by SoftBank Vision Fund 2, with participation from Matrix…
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BTC vs ETH Fees Research

submitted by /u/bdinu89 [link] [comments]

Did I fuck up?

When I was trying to withdraw my mining gains (around 35$) from ethermine to my Metamask, I chose L2 Polygon for lower fees. Then I initiated a transfer from Polygon to Mainnet using the Polygon website to have all my eth in the same place. Thing is I didnt see the fee needed for this…
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The moon is ready for SOVryn, the proejct that’s taking Bitcoin to the forefront of Defi

Bitcoin's fastest developing lending platform Sovryn has announced its second listing on Gateio, this following the listing on AscendEX just last week, a move that will assist with increasing adoption in the primary DeFi working framework intended for the world's driving cryptocurrency, Bitcoin. Sovryn (SOV) is a non-custodial and permissionless savvy contract based framework created…
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