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🚨🚨 Binance Futures Set To Delist These Cryptos, What Next? Binance Futures announces delisting of STPTUSDT, SNTUSDT, MBLUSDT, RADUSDT, and CVXUSDT perpetual contracts, alongside leverage and margin tier adjustments.

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Binance Futures Set To Delist These Cryptos, What Next?

Binance Futures announces delisting of STPTUSDT, SNTUSDT, MBLUSDT, RADUSDT, and CVXUSDT perpetual contracts, alongside leverage and margin tier adjustments.

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🚨🚨🚨 BIG ALERT🚨🚨 Binance, KuCoin Win Registration From India Anti-Money Laundering Regulator as Crypto Credibility Improves KuCoin paid a fine of $41,000 and Binance's financial penalty is still to be determined after a hearing with the FIU. The two exchanges – among nine banned in December – have become the first offshore crypto related entities be registered. The registrations will add "little more credibility to the system," the regulator said. Binance, the world's largest cryptocurrency exchange, and rival KuCoin became the first offshore crypto-related entities be approved by India's anti-money laundering unit, months after being banned for "operating illegally." The two have been registered with the country's Financial Intelligence Unit (FIU-IND), the most senior official of the unit, which falls under the nation's Finance Ministry, told CoinDesk. They were among more than 9 offshore entities banned – others included Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex – at the end of last year. The approval marks a credibility shift for crypto in the nation, said Vivek Aggarwal, who heads FIU-IND, at a meeting with several financial journalists. The unit will set up a working group with the industry to review compliance guidelines on money laundering laws for virtual digital asset service providers, he said. “It is parliament and government as a whole,” that need to give legitimacy to the industry, he said. The registrations act to “safeguard the Indian economy. If any business is ring-fenced from being abused for financial crime then automatically it has, if not legitimacy, at least little more credibility to the system,” Aggarwal said. Nationally, India’s position on crypto has remained slightly ambiguous. India has kept a crypto bill in cold storage since 2021 and has indicated it will decide its position in the coming months. Previously, a senior lawmaker told CoinDesk that no bill is likely before mid-2025. $BTC $BNB $PEPE #ETHETFS #BlackRock #altcoins #buythedip
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#ETFvsBTC Bitcoin ETF vs Buying BTC Directly: What’s Better? A spot Bitcoin exchange-traded fund (ETF) has been one of the hottest topics over the past few years. Many investment companies, both traditional and crypto-oriented, have been filing multiple applications with the United States Securities and Exchange Commission over and over again. On January 10th, 2024, the SEC finally gave the go-ahead and greenlighted a total of 11 Bitcoin ETF applications. Because the ETF is a traditional investment product, it trades on regulated exchanges on Wall Street, such as the New York Stock Exchange. ETFs don’t trade on cryptocurrency exchanges like Binance. Investors don’t own the underlying BTC Owning an ETF doesn’t grant ownership to the underlying product. Think of it as a synthetic asset that’s built on top of BTC, and it tracks its price. Investors who buy the ETF don’t have to worry about storing and safekeeping BTC. There are acquisition fees depending on the ETF provider There are multiple Bitcoin ETFs, and each of them comes with different fees stipulated by the provider. In the case of BlackRock’s Bitcoin ETF (IBIT), there’s a sponsor fee of 0.25% (T&C apply). Pros and Cons of a Bitcoin ETF Pros: Regulated financial product It can be included in specialized portfolios like retirement or 401(k) Backed by regulated and reputable providers like BlackRock Cons: Investors do not own the underlying BTC There might be a premium on the ETF compared to the BTC NAV Limited trading hours and higher fees Buying BTC Directly As opposed to ETFs, buying Bitcoin directly provides you with ownership over the BTC, regardless of whether you buy it from an exchange or P2P. Of course, if you do buy it through an exchange such as Binance, you should consider self-custody. This means that you should take your BTC off the exchange and transfer it into a cold wallet such as Trezor or Ledger, where you control the private keys. $BTC $PEPE $ETH #ETFvsBTC #altcoins #BlackRock
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