Connect with us

Binance

Binance to Enforce FATF Anti-Money Laundering Rules via Coinfirm Partnership

Published

on

Popular cryptocurrency exchange Binance has officially announced a partnership with international regulation technology company Coinfirm in an effort to deal with new guidelines pertaining to the Financial Action Task Force’s anti-money laundering (AML) rules.

The new partnership will see Binance make use of Coinfirm’s AML Platform — which is “blockchain-agnostic” — in its well-known cryptocurrency exchange services.

Binance currently operates its cryptocurrency exchange in 180 countries and regions around the world. The new partnership with Coinfirm’s compliance solution will ensure the FATF’s rules are followed in all of these regions by utilizing real-time risk score analysis, alerts, and investigations systems.

binance bitcoin

No Money Laundering on Binance

According to the official announcement, these solutions “will help Binance thwart money laundering attempts and allow the exchange to take quickly informed decisions on transactions to better protect the crypto economy as a whole.”

Coinfirm Co-Founder and CEO Pawel Koskowski stated in the announcement:

We’re excited to be working with an industry leader like Binance to boost its AML and risk analysis capabilities with our proprietary technology and widest blockchain coverage. Coinfirm and Binance have mutual values in ensuring trust and security for cryptocurrencies and we are confident in bringing that to the market together. With Binance’s focus on providing the best user experience while attaining the highest AML and security standards, this partnership marks another step forward in their leadership in the market.

binance US

The Days of No Regulation Are Well and Truly Over

While many cryptocurrency proponents will likely find this news unpleasant — as the space has a certain aversion to centralization and regulation — AML and risk-analysis solutions are often seen as vital aspects of ensuring mainstream adoption and integration into the global financial framework. Binance’s Chief Compliance Officer, Samuel Lim, explained:

With new and more expansive AML and regulatory standards being put in place across the globe and governmental bodies such as the FATF placing new rules on the market in order to ensure sustainable growth of the market, we are looking forward to our collaboration with Coinfirm. We trust that Coinfirm and its leading solutions will help us and the industry evolve in a fast-changing and developing market while allowing for comprehensive and institutional growth in a compliant and safe manner.

The partnership might not go over well with those who have used Binance in the past for its largely KYC-free low-level trading but will certainly protect the exchange from any regulatory misfires going forward.

News Source

Click to comment

Binance

Top 3 Kryptowährungen der Woche: ChainLink, Binance Coin und Ripple

Published

on

Es liegt eine insgesamt erfreuliche Woche hinter den Anlegern am Kryptomarkt. Viele der 20 wertvollsten Kryptowährungen der Welt notieren gegenüber der Vorwoche im Plus. Einen besonders starken Kursanstieg verzeichneten in dieser Woche die folgenden Altcoins:

Euphorie herrscht derzeit bei Anlegern von ChainLink. Der Altcoin hat eine fabelhafte Entwicklung genommen und kommt in der Sieben-Tage-Analyse auf einen Kursanstieg von rund 30 Prozent. Von 2,08 Dollar am vergangenen Sonntag ist der Kurs inzwischen auf 2,56 Dollar gestiegen. Allerdings ging es am zurückliegenden Handelstag wieder leicht abwärts. Das Tagesminus lag bei knapp vier Prozent. Gegenüber dem Wochenhöchststand von 2,92 Dollar am 9. Oktober ist der Altcoin-Kurs wieder um mehr als 12 Prozent abgesackt. Dennoch bleibt es eine überaus positive Woche für Anleger. Die Marktkapitalisierung ist auf rund 931 Millionen Dollar angestiegen. Im Krypto-Ranking belegt ChainLink nun Platz 14.

Platz 2: Binance Coin

Besonders starke Kurszuwächse verzeichnen in dieser Woche auch Anleger des Binance Coin. Derzeit notiert der BNB-Kurs bei 17,95 US-Dollar und erreicht damit zugleich den Bestwert der gesamten Woche. Gegenüber knapp 15 Dollar am vergangenen Sonntag ist der Kurs um mehr als 14 Prozent gestiegen. Auch das Momentum spricht für das Investment. Innerhalb der letzten 24 Stunden ging es um mehr als 5,5 Prozent nach oben. Mit einer Marktkapitalisierung von rund 2,79 Milliarden Dollar rangiert Binance Coin auf dem achten Platz. Die Kapitaldecke ist allein binnen des letzten Tages um rund 143 Millionen Dollar angewachsen.

Platz 3: Ripple

Auch Ripple-Anleger dürfen sich diese Woche entspannt zurücklehnen und ihre wachsende Rendite beobachten. Von gut 0,25 Dollar steigt der Kurs nun in Richtung 0,28 Dollar. Derzeit beträgt das Plus in der Sieben-Tage-Betrachtung 10 Prozent. Damit performt Ripple derzeit besser als die davor platzierten Kryptowährungen Bitcoin und Ethereum. Die Marktkapitalisierung ist auf mehr als 12 Milliarden Dollar angewachsen. 200 Millionen Dollar Kapital sind in den letzten 24 Stunden hinzugekommen.

Source kryptoszene.

Continue Reading

Binance

Binance Includes XRP and BUSD to Supported Interoperable Tokens List

Published

on

Binance, the leading global cryptocurrency exchange has announced the issuance of BEP2 versions of digital coins- XRP and BUSD on its highly reputed Binance Chain.

By lending support to XRP and BUSD through their addition in the list of supported interoperable tokens, the platform has now enabled users to enjoy deposits and withdrawals of interoperable tokens to their opted networks via the exchange’s web interface with utmost convenience.

About BEP2 XRP Token:

The XRP-BF2 will work as a pegged token which will help in tracking down the value of the native digital asset currency of the XRP ledger system. Having supported by XRP assets in the 1:1 ratio, XRP-BF2 token is launched on Binance Chain (BEP2) and will be tradeable on Binance DEX. XRP ledger’s native coin XRP and BEP2 XRP are synchronized and are bidirectionally convertible in nature.

About BEP BUSD:

The US-denominated stablecoin, BEP USD is issued in collaboration with Paxos Trust Company. The coin has received approval from the New York State Department of Financial Services (NYDFS). On the Binance Chain, BUSD is present for direct purchase as well as redemption at a price of 1 BUSD= 1 USD. It is now available as both an ERC-20 token as well as a BEP2 token.

Source.cryptonewsz.

Continue Reading

Binance

Binance Coin price takes a bullish run to $17.75

Published

on

Binance Coin price has had an increase of a little over three percent (3.09%) during the past day. The coin is currently trading at a little short of eighteen dollars ($17.75). It had an incline of over nine percent (9.7%) in the past week. Binance Coin (BNB) currently ranks in the eighth position in the list of the largest cryptocurrencies. It has a market capitalization of over two billion dollars ($2.66bil).

The cryptocurrency has to cover a long path towards the recovery of its previous standing in the market, as it had dropped by forty-three percent (43%) over the preceding three (3) months. Binance Coin price against the United States dollar (BNB/USD) The cryptocurrency had recently gone up to the eighteen dollars ($18) mark before it came down to over sixteen dollars ($16.68).

Both of BNB’s closest resistance levels are placed eighteen dollars ($18), a bit over eighteen dollars ($18.16), and short of nineteen dollars ($18.85), with a temporary Fibonacci Extension of over one (1.272). Greater resistance levels are observed at over nineteen dollars ($19.55) and a little short of twenty dollars ($19.93).

Over the twenty dollars ($20) mark, the resistance levels are expected at a little short of twenty-one dollars ($20.92), a little short of twenty-two dollars ($21.94), and twenty-two dollars ($22). Bitcoin price chart by Trading View The closest level of support is placed at over sixteen dollars ($16.11).

Below the sixteen dollars ($16) mark, the levels of support can be observed at over fifteen dollars ($15.54) with a Fibonacci Retracement of below one (0.786) and over fourteen dollars ($14.65). If the sellers decide to drag the cryptocurrency’s price below September’s low, the support levels will be seen at fourteen dollars ($14), thirteen dollars ($13), and over twelve dollars ($12.59). The current trading volume is expected to rise.

The Relative Strength Index (RSI) has come back to the fifty (50) level. This means that the bulls are striving to stay in control over the market’s momentum. Although the Stochastic Relative Strength Index (RSI) has developed a bearish crossover signal that depicts an upcoming retracement.

Binance Coin price against Bitcoin (BNB/BTC) BNB has rolled to find support at 0.0020 BTC, which is the current Binance Coin price at the time of writing. Binance Coin price chart by Trading View The closest level of resistance for the Binance Coin price lies at 0.0022 BTC. Over this, the resistance level is expected to be placed at the upper borderline of the falling wedge.

Over the wedge, the resistance levels are expected at: 0022 BTC 002657 BTC 0023557 BTC 0024 BTC with a hundred (100) days exponential moving average (EMA) The closest support is placed at 0.0019888 BTC; below this, the support levels lie at: 0019 BTC 001853 BTC 0018 BTC The current trading volume of the cryptocurrency is at a maintained and average level.

The Relative Strength Index (RSI) is quite over the fifty (50) level; this means that the bulls stay in control over the market’s momentum. Although, the Stochastic Relative Strength Index (RSI) has developed a bearish crossover signal, which shows that the cryptocurrency’s price may come back before it goes higher.

News Source

Continue Reading