End of an era? Binance’s CZ to possibly step down amidst regulatory tensionsThe global crypto market cap is $1.55 trillion with a 24-hour volume of $92.67 billion. The price of Bitcoin is $39,803.89 and the BTC dominance is at 48.3%.
by Ana Grabundzija As one of the top cryptocurrency exchanges continues adapting to the regulatory landscape by tailoring its services and enforcing tougher know-your-customer policies (KYC), Binance’s founder and CEO Changpeng Zhao told Reuters he is prepared to step down and pass control to a leader with a robust set of skills, better fitting the current climate. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. More news ⏬Tether (USDT) slams Bloomberg over criminal probe accusationsThe recent report about Tether (USDT) facing a criminal probe in the US, published by Bloomberg and covered by CryptoSlate, received a snappy response, in which the issuers of the largest stablecoin claimed the alleged accusations don’t constitute news but are published as clickbait. According to the report that cited three unnamed sources with direct […] Morningstar analyst pegs Cardano (ADA) as one of the “big three” cryptocurrenciesMorningstar Portfolio Manager Amy Arnott said Cardano, along with Bitcoin and Ethereum, has the potential to form the “big three” of mainstream cryptocurrencies. Binance limits daily withdrawals to $2,000 for basic accounts amid regulatory woesMajor cryptocurrency exchange Binance today announced that users who passed only “Basic” verification soon won’t be able to withdraw more than 0.06 Bitcoin (roughly $2,000) worth of funds per day—down from the previous limit of 2 BTC (around $80,000 currently). After El Salvador warning, IMF says accepting Bitcoin as national currency is “a step too far”The International Monetary Fund (IMF) published a warning that putting Bitcoin (BTC) or any other crypto on par with a national currency presents serious risks to macro-financial stability. Tesla reports Bitcoin-related ‘impairment’ of $23 million after BTC tumbled 40% in 2021Tesla, a major electric car manufacturer led by Elon Musk, has reported a record operating income of $1.3 billion in the second quarter of 2021—which was “partially offset” by a “Bitcoin-related impairment of $23M.” “Operating income increased [year-over-year] mainly due to volume growth and cost reduction. Theta’s Head of Strategy talks purpose-built blockchains, major partnerships and future roadmapCryptoSlate recently had the opportunity to chat with Theta’s Head of Strategy, Wes Levitt. Congressman Tom Emmer quashes talk that ‘Fed Coin’ would spy on citizensSpeaking to Forbes, Congressman Tom Emmer dismisses the notion of a Fed Coin showdown with cryptocurrency. Goldman Sachs just launched a ‘DeFi’ fund…with zero DeFi coinsExpect Goldman to say one thing and do the other. This key resistance level can hinder Bitcoin from reaching ATHsBitcoin finally broke above the $30,000-$34,000 range as it shot up by 15% on Monday. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🔥 Trending Sectors
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