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Binance’s Compliance With Local Regulations Questioned The investigation order, served on May 10, authorized an extensive inquiry into whether Binance violated Ontario securities law or engaged in conduct contrary to the public interest. Binance ’s legal representation, Borden Ladner Gervais LLP, stated in a filing that the order is broad and aims to investigate any potential circumvention of securities law and compliance controls by Binance .com. The impetus for the investigation order was reportedly the lawsuit filed by the US Commodity Futures Trading Commission (CFTC) against Binance and its CEO Changpeng Zhao (CZ). advertisement Read More:  Binance CEO “CZ” Discusses UAE Plans, Bitcoin Mining, Meme Coins In AMA Despite its global expansion efforts, including launching in markets such as the UAE and Thailand, Binance has encountered mounting challenges in regulatory and legal scrutiny across multiple jurisdictions in recent time...

Ripple ’s native token, XRP, is one of the few cryptos that did not claim a new all-time high when the market rallied in 2021. It did climb up on the charts but it wasn’t able to re-clinch its peak. XRP went on to attain its ATH in early 2018. At that time, the valuation of the asset climbed up to a level as high as $3.3. Source: CMC XRP has been rallying over the past few days. As analyzed in an article a day back, the asset is already up by 21% when compared to its recent low of $0.41. Market participants have remained positive. In fact, the recent streak of green candles on XRP’s daily chart is a testament to the optimistic sentiment. That being said, the latest uptick is merely a drop in the ocean. According to data from Messari, XRP is down by more than 84% from its $3.3 high. Source: Messari Also Read: Ripple Partner Ties Up With UAE’s Al Ansari: IPO Soon? Is Mega Pump in the Making for XRP? Chartist ‘JD’ recently took to Twitter to bring to light an interesti...

Also Read: Optimism Investor Whale Moves 2.65 Million OP Ahead Of Unlock; Dump Incoming? advertisement Bitcoin Price Up By 15% In Last 90 Days Bitcoin entered the year 2023 trading at an average price of $16,547. Countering the heavy selling pressure in the global financial markets, BTC went on to breach the $30k price level on April 15, 2023. The crucial $30k price level was last attained by Bitcoin on June 9, 2023. As per Glassnode Report, Crude Oil (WTI) price declined by 4% over the last 90 days. It is trading at an average price of $70.30, at the press time. However, precious metals Gold and Silver price recorded a surge of 7.5% and 12.7%, respectively. The world’s largest crypto, Bitcoin price surged by around 15% in the same period outperforming the other major commodities. Bitcoin is trading at an average price of $27,844, at the press time. Its 24 hour trading volume stands at around $13.61 billion. Read More Bitcoin News Hers...

Join Our Telegram channel to stay up to date on breaking news coverage The recently announced agreement on the US debt ceiling between President Joe Biden and House Speaker Kevin McCarthy has revealed that certain proposed taxes, including the Digital Asset Mining Energy (DAME) excise tax, have been blocked. The DAME tax would have imposed a 30% tax on cryptocurrency mining firms, with the aim of addressing the environmental and societal concerns associated with crypto mining operations. The tax would be put into effect the next year and phased in gradually over three years at a rate of 10% a year to achieve the desired 30% rate by the end of 2026. Pierre Rochard, VP of Research at Riot Platforms, raised questions about the fate of the DAME tax proposal, noting that Bitcoin mining was not mentioned in the bill known as the “Fiscal Responsibility 5 Act of 2023.” Congressman Warren Davidson (R-OH-08) responded via Twitter, confirming that blocking proposed taxes was i...

US Congressman Warren Davidson confirmed that they successfully blocked some proposed taxes by the Biden administration in the deal, including a 30% proposed tax on crypto miner’s electricity bills. advertisement Budget deal blocks Digital Asset Mining Energy excise tax Earlier this month, Biden proposed the Digital Asset Mining Energy (DAME) excise tax to address the economic and environmental costs of current practices for mining crypto assets.  As per the proposed tax bill, after a phase-in period, firms would face a tax equal to 30 percent of the cost of the electricity they use in cryptomining. However, the proposed tax will not be implemented if the current budget deal sails through as it is. The final vote on the Debt Ceiling deal will be held on Wednesday.  Republicans slam tentative debt ceiling deal Several congressional Republicans expressed dissatisfaction with the tentative Debt Ceiling deal House Speaker Kevin McCarthy ...

May 27, 2023 at 07:27 // Price Author Coin Idol Shiba Inu (SHIB) has experienced less selling pressure since May 8 when it hit a low of $0.00000835. Shiba Inu price long-term forecast: bearish Since May 8, the altcoin has stabilized above the $0.00000835 support but below the $0.00000900 resistance. On May 23, SHIB took an upward correction but was rejected at the 21-day line SMA. The altcoin recorded a sharp decline above the current support before it started to stabilize again. Below the moving average lines, the cryptocurrency is currently trading in a...