Cryptocurrencies latest news and history organized by date that contains 1000000+ news archives. Click here to read what world was saying about cryptocurrencies. Signing up on Binance only requires an email address, allowing you to create an account in minutes! In addition, the Binance cryptocurrency exchange does not require the identity verification step. Do you want to register on Binance to trade digital assets, such as Bitcoin or Ethereum? Welcome to this Binance tutorial which details the steps … Barry Silbert, the CEO of Digital Currency Group (the parent firm of Grayscale Investments) recently took to Twitter to announce a national campaign for Aug 11, 2020 (Baystreet.ca via COMTEX) —
In a breakthrough announcement in the cryptocurrency market, Vancouver based NetCents (CSE:NC) (FSE:26N) (OTCQB:… Nationally regulated banks want the OCC to clarify just how and when they can provide cryptocurrency services, hinting traditional financial institutions are paying close attention to the space.
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- Why is Bitcoin superior over other cryptocurrencies?
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- New Crypto Asset Skyrockets 1,880% on Launch Day – Here’s Why Traders Are Pouncing on Project Serum
- BSP cites many risks in crypto, says it doesn’t accept such transactions
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- DeFi Tokens Defying Market Dump on YAM Farming Frenzy
- US banks may not be ready for crypto custody just yet
- CoinMarketCap launches ‘Earn’ — a Coinbase-like education rewards program
- Russia proposes a national tool to track your Bitcoin
- Tron (TRX) Price Analysis: Trading Near Breakdown Zone In Uptrend
- Indian State of Telangana Is Interested in Using Blockchain for E-Voting
- Venezuela plans to include Petro as a means to collect payments of taxes and sanctions.
- Market Analysis Report (12 Aug 2020)
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- Unpacking the Avit, Avanti Bank’s New Digital Asset Being Built With Blockstream
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- Asset Manager NYDIG Raises $5M for Third Bitcoin Fund in 2020
- LocalCryptos Integrates Inbuilt Crypto-To-Crypto Exchanges, Powered by ChangeNOW
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- Appeals Court Backs Coinbase in Bitcoin Gold Fork ‘Breach of Contract’ Lawsuit
- U.S. Stock Market Risks ‘Weeks’ of Stagnation After Roaring Rally
- Grayscale Tells SEC Its Bitcoin Trust Rose $1.6B Over Six Months
- Blockchain Firm Says Banks Need DLT to Manage Identities Better
- CoinMarketCap is now paying you to learn about crypto
- UK Slips into Recession as Economic Output Collapses 20% in Second Quarter
- BNB Staking is Now Available on the Binance Chain Testnet
- Why XRP doesn’t have smart contracts – Ex Ripple CTO
- PumaPay Adds Crypto Buying Support on Its Mobile Wallet
- The Southern Indian state of Telangana may develop a blockchain e-voting platform.
- Coinbase Saved Its Clients 75% in Fees by Batching Bitcoin Transactions
- Crypto Porn Startup Says Its New Governance System Is Better than DAOs
- Venezeula Could Start Collecting Taxes And Sanctions in Cryptocurrencies
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- The Linux Foundation Wants Open-Source Tech to Address Future Pandemics
- Microsoft Secrecy Breaks for November 6 Xbox Series X Launch
- Lawyer to file a class-action lawsuit against social media giants that sought to kill crypto in 2018.
- Ethereum Gas Fees Touch 200 Gwei per Transaction as DeFiers Farm Yams
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- The Babylon Project: A Blockchain Focused Hackathon with a Commitment to Diversity & Inclusion
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- Five crypto mining operators caught stealing electricity supply in Malaysia.
- Revolut’s customers held more than $120 million worth of cryptocurrencies in 2019
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- Most Bitcoin Investors Believe BTC Will Hit $100,000 By December 2021, Twitter Poll Shows
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- Crypto-Friendly British App Revolut Reportedly Tripled Losses in 2019
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- Ethereum Registers Extreme Price Hikes
- What Today’s Robinhood Rally Has in Common With the Last Crypto Boom
- Tether Is An Accident Waiting To Happen, Says Veteran Trader Peter Brandt
- Bitcoin’s Recent Correction Turned Support into Resistance, Suggesting Further Losses
- Crypto Users Rally to Support Beirut Following Last Week’s Explosion
- Grayscale Bitcoin Trust Saw Surge in Investor Interest After March
- $400 Is Getting Away From Ethereum Following BTC’s Recent Decline (ETH Price Analysis)
- Germany Introduces Crypto e-Stocks Bill
- Ex-NYSE Broker Accused of Running $33M Crypto Scam Pleads Not Guilty
- Tired Of Being On The Sidelines, This Investor Will Be Swapping A “Good Percentage” Of XRP For LINK
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How to create a Binance account? – Cryptocurrencies
Signing up on Binance only requires an email address, allowing you to create an account in minutes! In addition, the Binance cryptocurrency exchange does not require the identity verification step. Do you want to register on Binance to trade digital assets, such as Bitcoin or Ethereum? Welcome to this Binance tutorial which details the steps to follow!
Since registration on Binance up to the validation of your personal account, we explain the procedures to follow. But first of all, if the site is displayed in English, simply go to the “English” tab, positioned at the top right of the screen, to change the language.
To register on the platform (or “exchange” in English), go to the following page of the official Binance website. You just have to fill in the following information:
- Your mail address ;
- A password consisting ofat least eight characters, including capital letters and numbers;
- the sponsorship ID, if applicable (optional).
Good to know : to obtain a random password, do not hesitate to use a password generator as password.xyz.
You will then need to check the box indicating:
- That you are over 18 (that you are of legal age);
The platform then checks that your registration is not generated automatically by a robot. Then complete a puzzle by moving the cursor to the right to place the piece in the right place (“Drag the left slider to verify”).
To complete this first step of registering on Binance, you just have to click on the button ” Create an account “.
Following this first step of creating your account, you must then consult the mailbox associated with the address indicated in the entry form. The platform has automatically sent you a confirmation email. It may take several minutes to receive the email.
You must then click on the link appearing in this email to validate your email and thus activate your personal account on the Binance exchange.
You must return to the home page of the cryptocurrency exchange. This time it’s not about creating a Binance account, it’s about you connect to your personal space. Then click on the button “Connection”, then enter your login details before clicking on ” to log in “. This will bring up a message. Don’t worry: this message is not a warning signal, but a recommendation issued by the platform.
What recommendation is this? For security reasons, the site recommends that you use the method two-step authentication. If you do not want to use this additional protection in relation to access to your account, you can continue your journey by clicking on the button ” Skip for now “.
However, it is strongly advised to take the time to apply this double security. Indeed, by holding real funds, cryptocurrency exchanges can be the target of many cyber attacks. You yourself can be a target through your mailbox or your computer. The risk is that you will have your Binance account credentials stolen, leaving the field open for malicious people to exploit your account as they see fit, while preventing you from accessing it.
The process to create a Binance account therefore includes an optional step, but highly recommended: two-step authentication. The purpose of the maneuver is to strengthen the security of the account. So how does this two-factor authentication work, expression translated from English “Two-Factor Authentication (2FA)” ?
The principle is simple: instead of having a layer of security for accessing your account (your only password), you will have a second (a verification code). Double authentication therefore includes a code that you usually receive by SMS on your mobile phone or through a mobile application.
The 2FA mechanism prevents any malicious person from logging into your Binance account by simply entering the password. This danger exists if a third party accesses your code by reading your emails or using your loaned computer, among other things. Same risk if a hacker manages to hack your computer to try to connect to your account.
For example, you can use the authentication application Google Authenticator. This solution is quite simply the most used on mobile for the management of secret codes.
Available on Android and iOS, Google Authenticator works identically on both platforms. You just have to make a quick little manipulation by installing it on your smartphone.
Then go to your Binance account to find this famous message recommending 2FA. If it does not appear, no problem: simply place your cursor on the little man icon, and of click on “Security”. You will be able to see everything related to the protection of your account, including 2FA. The platform offers you several choices:
- Security key ;
- Google authentication;
- SMS authentication;
- Verification by e-mail.
Each has its own particularity, but by choosing Google Authentication, it corresponds to the Google Authenticator application that we mentioned earlier. You just have to click on ” Market “ and associate it with your application.
On your screen, you will therefore get a page of four steps to activate Google Authenticator:
- Download and install Google Authenticator from the App Store or from Google Play;
- A QR-Code to scan;
- A backup key;
- Activation of the application.
Since you are now on the page ” Security “ Binance, why not take the opportunity to verify your identity using the sidebar “Identity verification” ?
How can this help you? Well, for two reasons.
The first is that as long as your identity is not verified on the platform, you have a withdrawal limit of “only” 2 BTC per day. This is certainly a large sum, but not if you plan to trade for the long term. By being verified, for increase this capacity to 100 BTC.
The second reason concerns purchases in Fiat coins. Although Binance is primarily an exchange, it has also, since 2019, offered to buy cryptocurrency with a Fiat money. But to access all the functions related to the latter, you will need a verified account.
How to proceed ? On the page ” Security “, click on “Check” beside “Identity verification”. You will then be taken to a page asking for two things: your personal details and address verification. Since address verification is simply your home address, personal details require more, including:
- Your country / region;
- Your first name ;
- Your name ;
- Your date of birth;
- Your home address.
Also, you will need to attach a ID photo and take a picture of you.
Once all this has been sent and verified by the site, you will then have access to all the site’s features.
You are now ready to participate in the digital stock market. In addition to being able to act without having to necessarily justify your identity (unless you trade a lot), Binance gives you access to an impressive list of crypto currencies (around 450) as well as remarkable financial tools. Since 2019, it has been possible to buy on Binance directly in euros, all at prices among the lowest on the market. To learn more about how the exchange works, do not hesitate to consult our complete guide to Binance. There you will find a wealth of information about the platform, what you can do there or the tools available to you. All you have to do is register by going to this page.
Grayscale to advertise cryptocurrencies through national ad campaigns
- Grayscale Investment plans to start a national TV ad campaign for cryptocurrencies.
- The ads will air on network giants such as CNBC, MSNBC, FOX and FOX Business.
- The networks have a total reach of over 6.5 billion people.
Barry Silbert, the CEO of Digital Currency Group (the parent firm of Grayscale Investments) recently took to Twitter to announce a national campaign for cryptocurrencies.
Are you ready? @Grayscale’s national ad campaign kicks off next week with a TV ad on CNBC, MSNBC, FOX, and FOX Business. We’re going to brrring crypto to the masses
Media: if you want a sneak peek, get in touch with @nitWitty
Are you ready? @Grayscale‘s national ad campaign kicks off next week with a TV ad on CNBC, MSNBC, FOX, and FOX Business. We’re going to brrring crypto to the masses
Media: if you want a sneak peek, get in touch with @nitWitty— Barry Silbert (@barrysilbert) August 7, 2020
Experts believe that this campaign will fuel the mainstream demand for digital assets. Network giants such as CNBC, MSNBC, FOX and FOX Business have a combined reach of over 6.5 million people. Grayscale is among the largest asset managers across the globe. Since 2018, it has also been the largest manager of digital assets in the world. The firm’s upcoming campaign is a step towards bringing the mainstream population a step closer to digital assets.
Author: Published 24 hours ago
NetCents-Visa Credit Card a Cryptocurrency Breakthrough Allowing Merchants Seamless Transactions Backed by a Financial Giant
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Following OCC Letter, Some US Banks Appear Open to Providing Crypto Services
Major U.S. banks might be willing to support cryptocurrency services – with just a bit of additional guidance from the Office of the Comptroller of the Currency (OCC), their federal regulator.
Multiple national banks responded to the OCC’s June “Advance Notice of Proposed Rulemaking” (ANPR), which asked the general public to weigh in before Aug. 3. on how cryptocurrencies and other fintech tools might be used in the financial sector. Notably, several banks, including U.S. Bank and PNC, indicated they might be interested in actually providing crypto custody and other services to customers.
The responses by just under a dozen banks, among a total of 89 submissions from think tanks, policy advocates, crypto startups and other entities, represent one of the strongest signs yet that traditional financial institutions view the still-nascent crypto space as a legitimate asset class.
Related: Digital Bank Revolut Adds Stellar to List of Supported Cryptocurrencies
The responses contrast sharply with an open letter sent to Acting Comptroller of the Currency Brian Brooks. The letter, which opposed a narrow payments charter for fintech companies, was signed by many of the same respondents and sent to the OCC on July 29.
Fresh guidance from the OCC may help provide the necessary legal comfort for banks to provide crypto-native analogs to traditional bank services, wrote Juan Saurez, Coinbase’s vice president and general counsel for enterprise.
“Although these services, such as borrowing, lending and remittances, are permissible activities for national banks, there remains some uncertainty as to whether the provision of these services using cryptocurrencies is authorized,” he said.
Related: Banks Won’t Rush to Hold Crypto – But OCC’s Regulatory Approval Makes It Harder to Ignore
Dominic Venturo, chief digital officer at U.S. Bank National Association, perhaps went the furthest in his response, writing that the OCC and other banking regulators should issue guidance around the cryptocurrency market as well as the “expectations for services conducted on distributed ledger technology.”
A lack of clear regulations might result in both banks and customers being unwilling to invest or use cryptocurrencies and similar digital assets, he wrote, with customers potentially being interested in investing in crypto, funding traditional financial products, using cryptos as payments, tokenizing physical assets.
“U.S. Bank does not have a position on the role that cryptocurrency should undertake in the financial services sector, but merely seeks additional regulatory clarity to service the cryptocurrency market as it is currently structured or may be structured in the future,” he wrote.
The OCC should work with the other federal regulators to clarify how cryptocurrencies and digital assets are treated, Venturo wrote.
Specifically, he suggested the OCC differentiate between utility tokens, stablecoins and exchange tokens; clarify the requirements for providing custody services; cross-border restrictions; and “the extent consensus rules must be a part of a transaction.”
PNC Bank’s head of technology and innovation, Steven Van Wyk, commented that the OCC should “continue to reinforce that national banks should take a risk-based approach” in reviewing new products, but should not have risk elimination as the ultimate goal.
“All banking activities (including deposit-taking and lending) involve risk, and the implementation of new technologies … necessarily will involve some degree of risk,” Van Wyk wrote. “A supervision framework that is focused only on preventing risk will, almost by necessity, prevent responsible innovation and the implementation of new technologies by national banks.”
Financial institutions – and OCC rulemaking – should have some focus on consumer protections, several of the responses indicated.
Banks might even need to be encouraged to use “privacy-enhancing cryptocurrency technologies,” wrote Peter Van Valkenburgh, Coin Center’s director of research.
He said banks are obligated to both protect their customers’ privacy as well as surveil and report activities that may break the law. In his view, they can do this effectively with privacy coins and other tools.
Banks can conduct know-your-customer checks and otherwise identify their users to comply with relevant laws before providing privacy services by using mixers or other tools to facilitate crypto transactions.
“They should perform heightened due diligence on any payments their customers initiate or receive if either the amounts involved are substantial or a suspicious pattern of behavior has emerged with respect to several smaller transactions,” Van Valkenburgh wrote.
Tina Woo, senior managing counsel for regulatory affairs at Mastercard, also suggested consumer protection rules by the OCC would be helpful, addressing both security and privacy concerns.
The OCC should develop criteria for which “types of cryptocurrencies in which banks may transact,” she wrote, which address “core network principles” including protecting consumers and preventing money laundering or terrorist financing.
“We believe cryptocurrencies and blockchain technology hold the potential to enhance operational resiliency, improve auditability, and enable new functionalities,” she wrote.
Not all submissions were positive: some expressed concern about relaxing regulations.
Cornell Law School Professor Dan Awrey, Wharton Financial Institutions Center Senior Fellow James McAndrews and Columbia Law School Academic Fellow and Lecturer Lev Menand wrote the OCC’s ANPR has two major flaws: “an excessive focus” on finding ways to relax existing rules and “its narrow focus” in updating the regulatory framework for national banks and savings associations.
Menand is an advocate for a digital dollar structure, and supported efforts to introduce a digital dollar in multiple congressional bills earlier this year.
“Money and payment systems are based on confidence,” the three wrote. “In the case of the national banking system, this confidence stems from highly sophisticated regulatory frameworks that govern national banks. These regulatory frameworks include federal deposit insurance, access to central bank liquidity support and a special resolution regime.”
In other words, individuals trust banks because of a strict regulatory regime that lets them deposit their funds secure in the knowledge their money is safeguarded.
The second flaw relates to the existing legal structure surrounding banks and savings associations, they wrote.
The ANPR notes that many new financial technologies exist because newly created institutions and platforms try to perform banking functions but aren’t regulated like traditional banks.
The OCC should consider whether it makes more sense to strengthen regulations around non-bank financial institutions, which the letter refers to as “shadow payment systems.”
New financial technology firms that sprung up in recent years, including stablecoin issuers and companies like PayPal, operate in a murky regulatory environment that requires far fewer protections than banks face.
To resolve these concerns, the three said Congress could pass new laws requiring these startups hold insured deposits and deposits at commercial banks. Stablecoin issuers could be required to maintain either the sum total of U.S. dollars or the U.S. dollar equivalent of issued tokens at a bank.
“The OCC should recommend that Congress enact new legislation to address the shortcomings in our existing regulatory framework. Such legislation can be quite simple,” they wrote.
Banks don’t necessarily have to provide crypto services directly. BitGo, which has offered custody services for over a year, believes that banks should be able to tap sub-custodians to provide these services, Najarian said.
This would relieve banks of the technological and resource burden that would come of having to directly build out their own services.
Visa Vice President for Global Regulatory Affairs Ky Tran-Trong wrote that the payment rail wants to be an intermediary for cryptocurrencies and its 61 million merchants.
“Our objective is to enable digital currency users to spend from their digital currency balance using a Visa debit or prepaid credential anywhere Visa is accepted,” Tran-Trong said in the letter.
R3, another third-party service provider, touted its integrations with SWIFT, Nasdaq and Deutsche Börse Group, noting these partnerships have allowed participants in financial transactions to monitor these transactions more efficiently than traditional tools provided for.
In particular Nasdaq has launched a platform tapping R3 to help manage issuance and other services, wrote Isabelle Corbett, R3’s global head of government relations.
“Once the broad policy has been etched, market participants and regulators will move to proposed rulemaking,” she said through a spokesperson. “At that stage, the ability to engage in dialogue about policy and the broad framework becomes more difficult. Thus, this is a critical time for market participants and regulators to jointly develop a framework in which all stakeholders are comfortable.”
A wide range of industry participants appear to agree: Novi (the rebranded Facebook subsidiary Calibra), ConsenSys, Celo, Axos Bank, the American Bankers Association, Figure Technologies, Chamber of Digital Commerce, Silvergate Bank, Ripple Labs and other respondents all supported the idea that banks and savings institutions can safely handle crypto-related services with the right amount of regulation.
Visa’s Tran-Trong summed up his hope for the OCC’s ultimate rulemaking process by calling for new regulation that still allows for innovation:
“We recognize that enterprise adoption of blockchain technology can improve several core functions in financial services by providing tamper evident and tamper resistant digital ledgers. However, absent further innovations, inherent challenges with respect to improving scalability, security and device usage, can limit consumer adoption and fail to meet regulatory standards,” he wrote.
- Following OCC Letter, Some US Banks Appear Open to Providing Crypto Services
- Following OCC Letter, Some US Banks Appear Open to Providing Crypto Services
Author: Nikhilesh De