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Swiss SEBA Bank Obtains In-Principle Approval to Offer Crypto Services in Hong Kong – Finance Bitcoin News

August 31, 2023

Switzerland-based crypto-friendly SEBA Bank announced it has received an approval-in-principle to operate in Hong Kong. The regulatory nod brings the Swiss bank’s local entity closer to becoming a licensed provider of various services for crypto assets in the Chinese region. SEBA Bank Takes a Step Towards Full Crypto License in Hong Kong SEBA Hong Kong, a subsidiary of the Zug-headquartered…

South African Crypto Premium Surge After Kraken Abruptly Starts Blocking Deposits by Local Residents – Africa Bitcoin News

August 31, 2023

The premium on crypto assets listed on South African exchanges briefly surged to 3.5% after Kraken’s abruptly started blocking deposits from users based in the African country. Some South African crypto experts have linked Kraken’s decision to the Financial Action Task…

Binance Finds Way to Serve Belgian Users After Cease Order – Exchanges Bitcoin News

August 31, 2023

Cryptocurrency exchange Binance said it continues to provide services to residents of Belgium through its Polish entity. The announcement comes two months after the crypto trading company was ordered by the Belgian financial regulator to cease all crypto services in the…

Report: Tether Pivots to Bahamas' Britannia Bank Amid US Banking Strains – Bitcoin News

August 31, 2023

In a recent report released on Tuesday, undisclosed sources detailed that the firm behind the top stablecoin in market cap, tether (USDT), is now banking with Britannia Bank & Trust. In the past month, tether’s supply has dipped by 1.3%, leaving 82.85 billion USDT in circulation. Undisclosed Sources Say Tether Is Working With a Privately Held Bahamas-Based Bank On August 29, Bloomberg…

Crypto Exchanges Bybit and Okx Drop Cards of Sanctioned Russian Banks – Exchanges Bitcoin News

August 31, 2023

Cryptocurrency exchanges Bybit and Okx have discontinued support for payment cards issued by sanctioned banks from Russia. The moves follow in the footsteps of Binance, the world’s largest exchange for digital assets, which recently removed such cards from its peer-to-peer…

Bitcoin, Ethereum Technical Analysis: BTC Jumps Above $28,000, as Markets Remain Buoyed by Grayscale Court Win – Market Updates Bitcoin News

August 31, 2023

Bitcoin climbed over the $28,000 level late on Tuesday, as markets reacted to the news that Grayscale had won its battle with the SEC. The ruling over the U.S. Securities and Exchanges Commission boosted crypto prices across the board, with bulls returning to action.

Shiba Inu's Shibarium Returns to Full Operation After Navigating Bridge Issues – Altcoins Bitcoin News

August 30, 2023

The Shiba Inu development team has announced that Shibarium is now fully functional after recent challenges where funds became inaccessible in the bridge. Shiba Inu’s Shytoshi Kusama thanked Sandeep Nailwal, the co-founder of Polygon Labs, who stepped in with crucial resources to address the issue. Shibarium Back Online After Resolving Bridge Glitch, Team Thanks Polygon Co-Founder Two weeks…

Binance Mulls Leaving Russia, Limits Options for Russian Users – Exchanges Bitcoin News

August 30, 2023

Crypto exchange Binance considers exiting Russia amid increased scrutiny over its services for users in the sanctioned nation. The news of the potential move comes after the exchange delisted several sanctioned Russian banks from its peer-to-peer (P2P) platform and…

Crypto Analyst Predicts Stablecoin Adoption Boom Even in Face of Hostile Regulation – Bitcoin News

August 30, 2023

Jamie Coutts, an analyst from Bloomberg Intelligence, has predicted that stablecoin adoption will grow significantly once the issue of hostile regulations in the U.S. is put aside, noting “adoption under the hood is exploding.” Coutts believes that stablecoin usage may…

US Congress Members Clash on the Potential Effect of Proposed Tax Rules on the Crypto Industry – Bitcoin News

August 30, 2023

Members of the U.S. Congress have expressed concerns about the possible problems that implementing the newly proposed crypto tax reporting requirements could create in the entire industry. Patrick McHenry, Cynthia Lummis, and others reacted differently to the potential effects of these proposals on decentralized finance platforms and stablecoins. U.S. Congress Members Concerned Over New Tax…