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Jimmy Carter has already lived longer after leaving office than any other president—more than 38 years. And on Friday, he’ll be 94 years and 172 days old, the Journal Constitution reports, passing the record set by George HW Bush as the oldest living former president. Carter has kept busy…
A former British Royal Marine who lost part of his right leg in a car accident five years ago completed the fastest-ever solo rowing trip across the Atlantic Ocean early Monday.
An awful milestone: In 2017, the US saw a record number of deaths from alcohol, drugs, and suicide. The national rate for such deaths hit an all-time high of 46.6 deaths per 100,000 people, a 6% increase over the year prior and the highest level since the Center…
In this edition of The Daily, Bitmex has updated its Terms of Service. The revised rules prohibit residents of certain countries, including the U.S., from trading digital assets on the platform. Also, the native token of the leading crypto exchange Binance, BNB, has hit a record price against BTC. And in Malta, companies from the crypto industry are facing limited access to banking services.
Bitmex Bans Traders From Multiple Jurisdictions
Digital asset exchange Bitmex has updated its Terms of Service this week introducing significant changes to the agreement. Users from a number of countries, including the United States, Cuba, Syria, North Korea, and Sudan won’t have access to its services in the future. The restrictions also apply to residents of the Canadian province of Quebec as well as traders from the Autonomous Republic of Crimea and the Federal City of Sevastopol in the Russian Federation.
The Seychelles-based operator of the platform, HDR Global Trading Limited, has informed all such residents that holding open positions and entering into new contracts on Bitmex from their respective jurisdictions is not allowed. The exchange also reserves the right to immediately close the accounts of such clients and liquidate any positions they may have opened.
The new agreement is noticeably longer than the old version, with added texts regarding the platform’s access conditions and the accuracy and availability of service, Cryptoglobe reported. Other new provisions concern trading fees as well as the protection of data and intellectual property. The upcoming ban for residents of the U.S. and Quebec was announced in January of this year. The updated terms of service will come into effect on March 6.
Binance Coin Hits Record High Against BTC
Binance coin (BNB), the native token of the largest crypto exchange by daily trading volume, has set a new record against bitcoin core (BTC). At approximately 17:55 UTC on Friday, March 1, its price reached 0.00299880 BTC and a high of $ 11.61 in fiat.
BNB’s market cap now stands at $ 1.58 billion. The previous record high for its price against BTC was registered on Feb. 11 this year. The crypto reached its all-time high against the U.S. dollar on Jan. 12, 2018 when it was trading for almost $ 25. The latest spike comes after the company announced a program for traders willing to test its new decentralized trading platform.
Crypto Companies Struggle to Open Bank Accounts in Malta
Malta’s crypto-friendly regulatory framework has attracted dozens of businesses from the crypto and blockchain industry to the island. However, according to a new report, many of these companies are experiencing difficulties when they try to open accounts with local banks.
Sources from service providers, legal firms and finance companies, quoted by the Times of Malta, claim that banks have been declining to work with these entities stating this business is outside their “risk appetite.”
The Parliamentary Secretary for Financial Services, Silvio Schembri, told the publication he is currently holding talks with different banks and other stakeholders in an effort to resolve the issue and improve the understanding of the industry. The official noted that banks are often waiting for crypto operators to obtain a license from the Malta Financial Services Authority (MFSA) before opening the doors for them.
No less than 28 applications for registration under Malta’s Virtual Financial Assets Act have been filed with the MFSA since the end of November. The regulator plans to issue its first licenses by the end of this quarter.
What are your thoughts on today’s news tidbits? Tell us in the comments section.
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The post In the Daily: New Terms From Bitmex, Binance Coin Record, Malta Bank Accounts appeared first on Bitcoin News.
Nevada gambling regulators fined casino mogul Steve Wynn’s former company a record $ 20 million Tuesday for failing to investigate claims of sexual misconduct made against him before he resigned a year ago.
The penalty against Wynn Resorts Ltd. ends an investigation that began after the Wall Street…
The price of a domestic airline ticket has hit a record low, but airlines are still collecting strong profits thanks to passenger fees and other charges.
In the July-through-September quarter of last year, the average domestic airfare was $ 343, according to data released Thursday. Adjusted for…
There were 1,020 hate groups operating in the US last year—a record high, and a 7% increase from 2017, according to the Southern Poverty Law Center’s annual report. The last time hate groups surged in the US was in response to the election of Barack Obama as the…
The European Union reported a record trade surplus with the U.S. last year, a development that could weigh on slow-moving U.S.-EU trade talks and comes as the Trump administration prepares to deliberate hefty tariffs on European car imports.
WSJ.com: What’s News Europe
A Utah mail carrier is retiring with a perfect record after an incredible 69 years on the job—and attributes his longevity to the fact that he actually enjoyed it, Fox News reports. “Nobody has ever accused me of being smart, and I didn’t know you had to quit when…
As Venezuela begins regulating cryptocurrency, BTC trading volumes in the country hit record highs on several exchanges. Amid fast-growing crypto adoption, peer-to-peer trading platforms such as Localbitcoins and Paxful have reported significant increases in the number of BTC traded in Venezuela.
Record BTC Trading Volumes
Peer-to-peer (P2P) markets that trade cryptocurrencies in Venezuela have recently been showing record volumes. On Localbitcoins, BTC to bolivar trading volume has been growing steadily, with 2,485 coins traded in the week ending Feb. 9, up from 2,004 coins the previous week.
Another P2P platform, Paxful, is reporting similar growth. The company told news.Bitcoin.com on Tuesday that BTC trading volume for Venezuela on its platform increased by 74.66 percent in 2018 compared to the previous year, taking into account only successful trades. In addition, the number of trades increased by 118 percent in the same time period, averaging 61,534 transactions monthly.
The platform has 40,309 users in Latin America, 8,817 of which are in Venezuela. There are currently 1,123 active users in the country, with most of them located in the capital city of Caracas, the company revealed. Additionally, Venezuela now accounts for more traffic to Paxful’s website than any other country, at 36.99 percent.
Crypto Adoption Accelerating
“Adoption is [growing] really fast” in Venezuela, Indian crypto exchange Instashift with a presence in Venezuela told news.Bitcoin.com on Tuesday. The exchange reported seeing strong demand for BTC in Venezuela earlier this year, ahead of the other 44 countries it also operates in. Marketing officer Jacob Mani elaborated that “People know about cryptocurrency and are very much aware about the developments in the crypto space. Moreover, Venezuelans are very courteous and welcoming about new ideas and possibilities that they have got.” He also noted that “Big stores like Traki are accepting bitcoin.”
Crypto Regulations Enter Into Force
The government of Nicolas Maduro recently began regulating the cryptocurrency industry. The decree enacting the country’s crypto regulations containing 63 articles was published in Official Gazette 41.575 at the end of January.
It establishes a comprehensive set of rules for all crypto-related activities in the country and installs the National Superintendency of Crypto Assets and Related Activities (Sunacrip) as the main regulator of the crypto space. The powers given to Sunacrip include the ability to audit all crypto businesses, to set the prices of cryptocurrencies in bolivars, and to legally confiscate mining equipment. In addition, the regulator is building a database of all crypto service providers in the country.
On Feb. 8, Sunacrip further announced that it is now regulating remittances made using cryptocurrencies. The regulator has set a monthly limit and will be collecting commissions of up to 15 percent of the transaction amount.
What do you think of BTC trading volumes hitting record highs in Venezuela? Let us know in the comments section below.
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The post Venezuela’s BTC Trading Volumes Hit Record Highs as Crypto Regulations Commence appeared first on Bitcoin News.