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Mastercard Users Can Now Purchase Additional Coins on Binance, Including XRP and SHIB

The second-biggest payments network in the world, Mastercard, shut down the biggest cryptocurrency exchange in terms of trading volume last August. This was concurrent with Binance's growing legal issues. The U.S. Securities and Exchange Commission filed a lawsuit against Binance in June 2023, alleging that it was operating in the country as an unregistered trading platform and breaking securities laws.

When Binance was compelled to pay $4.3 billion to settle with the U.S. Department of Justice (DOJ) after admitting guilt to permitting widespread money laundering on the exchange, its legal problems reached a breaking point in late 2023. The exchange's veteran CEO, Changpeng Zhao, resigned and was eventually given a four-month prison sentence.

Richard Teng, the new CEO of Binance, has emphasized the significance of regulatory compliance on numerous occasions in an effort to repair the exchange's damaged reputation.

Mastercard made a U-turn after evaluating Binance's most recent attempts to put in place more stringent restrictions. But the capacity to make more purchases is dependent on the credit card giant's upcoming evaluations.

Mastercard has always been interested in cryptocurrencies, with a particular emphasis on the potential of blockchain technology to improve payments.

Alongside brands like IBM and Alibaba, it was named as one of the top firms by a number of blockchain-related patents in 2018. In collaboration with Circle, it began evaluating the feasibility of using stablecoins for payment processing in 2020. In order to enable its users to buy non-fungible tokens, it partnered with cryptocurrency payment service MoonPay in 2022.

#StartInvestingInCrypto #bitcoin #shiba⚡ #XRPGoal $BNB $BTC

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Crypto Mailing Vendors List Was Hacked; CEO of Tether Warns

[Due to a serious security breach, a prominent vendor that maintained email lists for cryptocurrency companies was hacked, which resulted in the dissemination of phony emails promising airdrops.]

It has been verified that a significant vendor in charge of email lists for different cryptocurrency organizations has been compromised, which is a worrying development for the bitcoin ecosystem. Sensitive information may have been compromised by this incident, which could have sparked a surge of phony emails offering cryptocurrency airdrops. Because unscrupulous actors may use the exposed data to trick consumers and spread frauds, the hack poses a serious danger to the security and confidence of the cryptocurrency sector.

[The CEO of Tether's Reaction and Suggestions]

The CEO of Tether, Paolo Ardoino, commented on the situation, stating that they have heard from two separate sources indicating that a well-known vendor that cryptocurrency companies employ to maintain their mailing lists may have been compromised. Ardoino warned the community to be very wary of such cryptocurrency scams, but he declined to name the vendor until the inquiry was over.

Ardoino said, "Please be cautious of any emails suggesting crypto-airdrops received since 24 hours ago." He stressed the significance of closely examining any unsolicited emails and cautioned against opening attachments or clicking on links from unidentified senders. The management of Tether is pushing for stricter security measures throughout the sector and is acting proactively to reduce the risks this incident poses.

[Greater Effect and Preventive Actions]

Bobby Ong, co-founder of CoinGecko, provided more information on the issue, confirming that an email newsletter provider is in fact the target of an ongoing supply chain email breach assault. These bogus email blasts touting fictitious token launches might have an impact on a number of cryptocurrency firms.
#Bitcoin❗ #HackerNews

Turkey plans to tax cryptocurrency earnings as part of a move to tighten economic policy.

[As part of attempts to assist disinflation, Mehmet Şimşek, Turkey's Treasury and Finance Minister, is allegedly mulling a new tax on earnings from investments in equities and cryptocurrency.]

Due to Turkey's extreme inflation, profits from stock and cryptocurrency trading may soon be subject to taxes. According to individuals who spoke with Bloomberg, the measure was considered at a recent ruling-party conference and aims to ensure adequate taxes of all financial revenue.
The plan's specifics are still up for debate, but new rules should be addressed after parliament reviews this week's crypto-related legislation.

Turkey has been thinking about regulating cryptocurrencies in order to get off the Financial Action Task Force's (FATF) "grey list." A minimum capital requirement of 100 million lira, or around $3 million, was proposed by President Recep Tayyip Erdogan's AK Party in mid-2022 for cryptocurrency enterprises. But no decision has been taken on the subject as of yet.

Şimşek said at the beginning of November 2023 that the nation will at last be enacting crypto laws. In an address to the country's planning and budget commission, he stated that the US was in the "final stage" of compliance, having satisfied 39 of the 40 FATF requirements.

Early in 2024, Şimşek underlined that the new rules are meant to safeguard ordinary investors by reducing the dangers connected to cryptocurrency trading. Legal definitions of key phrases connected to cryptocurrencies, such as "crypto assets," "crypto wallets," and "crypto asset service providers," are purportedly important components of these legislation.

Since 2021, Turkey has been included on the FATF's "grey list," a designation that has undermined trust in the country's already precarious economy. In Turkey, amid high rates of inflation, cryptocurrencies have become quite popular and are now considered by many as an alternative source of financial security.

#BTC #FATF #CryptoNewss #bitcoin☀️ #XRPGoal

The rise of cryptocurrencies, driven by bitcoin
Tuesday saw a rise in the majority of cryptocurrencies due to optimism about the state of the world economy and the likelihood of more regulatory permission for exchange funds soon.

Bitcoin

Ethereum

Ripple

✅Bitcoin:

On Coinmarketcap, the price of bitcoin increased 1.7% to $70.3 thousand at 21:03 GMT.

✅Ethereum: As of 21:03 GMT, Ethereum had increased by 0.7% to $3796.

✅Ripple: As of 21:03 GMT, Ripple increased 1.1% to $0.527 on the Coinmarketcap platform.
#bitcoin☀️ #Ripple💰 #ETH🔥🔥🔥🔥

As Bitcoin Stalls, BNB Breaks Through $700

According to CoinGecko data, the BNB coin hit a new all-time high of $710 earlier today.

With a 16% surge over the past week, the fourth-largest cryptocurrency is currently valued at $106 billion.
Notably, in the midst of the enormous price surge on Wednesday, open interest in BNB more than doubled. With more over $700 million in BNB futures open interest, Binance is the market leader.
According to CoinGlass statistics, short positions in Bitcoin worth more than $4.4 million have been liquidated in the last 24 hours.

Increased trade activity has also been observed in a number of BNB Chain projects. The largest meme token on BNB Chain, Floki Inu (FLOKI), has increased in value by 8% in the last day.