•News reports said on Friday, citing informed officials, that South Korea's Financial Services Commission (FSC) said that approving the launch of cryptocurrency exchange-traded funds is impossible and that nothing will change in this context, despite the US Stock Exchange Commission's approval of... Launch of Bitcoin exchange-traded funds (ETFs). •Reports indicated that the Financial Services Commission prevents banks and financial institutions from purchasing and owning digital currencies due to its concerns regarding the illegal flow of local funds abroad due to credit card payments on foreign digital currency exchanges. •Reports continued that an official in the Financial Services Commission confirmed that the ban aims to stabilize financial markets, as the government has consistently maintained the principle of preventing financial institutions from investing in digital currencies and virtual assets with the aim of achieving stability in the financial market and protecting investors, adding that it is impossible from a legal standpoint. Approval to launch a virtual assets ETF in South Korea. •It is noteworthy that the United States Securities and Exchange Commission had agreed to list the equivalent of 11 Bitcoin spot trading funds on stock exchanges, after disagreements that lasted for many years with the digital currency industry. The approval came despite the regulatory body’s continuous warnings regarding the digital currency industry. The Stock Exchange Commission believes that this market involves strong risks, and requires traders to be cautious and aware of the repercussions of these risks. $BTC $ETH #continued To see more news and details ✅

•The latest quick additional comments on some S-1 filings by Bitcoin ETF issuers by the US Securities and Exchange Commission (SEC) are raising concerns in the cryptocurrency market. While people are still hoping for a Bitcoin ETF to be approved this week. The final deadline for the SEC to make a decision on the Ark 21Shares Spot Bitcoin ETF is January 10, which will provide clear indications to the market. •Concerns Rising Over Gary Gensler Blocking Bitcoin ETF Further adjustments to spot Bitcoin ETF applications are now expected as the US Securities and Exchange Commission has issued additional comments on the S-1 forms for pending spot Bitcoin ETF applicants. •Consider Berian Boring, president and founder of the Chamber of Digital Commerce. Being wrong in its explanation of the delay in approval of the Bitcoin exchange-traded fund. However, she is more concerned about the SEC chairman's reach. Gary Gensler, to another way to block approvals. “The SEC has more tools at its disposal to prevent spot bitcoin ETFs from hitting the market,” she claims. President Gensler doesn't want to go down without a fight. “I hope the launch will be successful this week.” •And earlier today. She pointed to recent SEC comments as a sign of delay from the agency. However, confirms James Seyphart, Bloomberg ETF analyst. Issuing additional comments is not necessarily a step to delay approval of the ETF. •Commenting on Berian Boring's latest post, James Seyphart said: "This is nightmare fuel and the possibility of exactly that happening keeps me up at night." Scary powers Interestingly, experts have shared a warning about how the 5-member SEC could delay approval of a Bitcoin exchange-traded fund. Every commissioner enjoys it, including Gary Gensler. Caroline Crenshaw, Hester Pierce, Jaime Lizarraga, and Mark Ueda, with the right under Title 17 of the Code of Federal Regulations. Section 201.431 to require full committee review and vote even if a matter was designated and approved by delegated authority. •John Deaton, an attorney for 75,000 holders of XRP, responded. On Gary Gensler's latest post about people investing in crypto assets. Deaton suggests the cryptocurrency community should judge when reading anything from a passing regulator like Gensler regarding its biased views on cryptocurrencies. •Gensler was again criticized for meeting with Sam Bankman-Fried but denied holding a private meeting with Coinbase (NASDAQ:COIN) CEO Brian Armstrong and CLO Paul Grewal. #continued To see more breaking news •

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•Binance Futures is scheduled to... It is Binance's derivatives trading platform. expands its offering by launching a perpetual DOGE contract with USDC margin on January 18, 2024. 10:00 AM UTC. This new trading option will provide users with the opportunity to execute Dogecoin (DOGE) trades with leverage of up to 75x. •About Binance Futures' DOGEUSDC Perpetual Contract The USD-M DOGE perpetual contract will be settled in USDC and has a tick size of 0.00001. While with a maximum financing limit of +0.3750%/-0.3750%. Finance charges will be settled every eight hours, according to the latest announcement. Trading on the DOGEUSDC perpetual contract will be available 24/7 to meet the global nature of the cryptocurrency market. •Furthermore, one of the notable features is the multi-asset mode. It will enable users to trade the DOGEUSDC perpetual contract across multiple margin assets. This feature allows traders to use different assets. Such as Bitcoin (BTC) as margin when participating in transactions, subject to applicable fees. •Furthermore, it should be noted that to stimulate adoption. Binance Futures is offering a 10% promotional discount on trading fees on all trades related to profit margin USDC futures. The discount will be available until April 3, 2024 at 12:30 AM UTC. •The move expands trading options on Binance Futures and makes the DOGEUSDC perpetual contract discount more attractive. While Dogecoin traders are eagerly anticipating the launch of the DOGE perpetual contract of interest to USDC to seize potential trading opportunities. •However, users should remain vigilant, as Binance reserves the right to modify contract specifications based on market risk conditions. This can affect various factors such as financing fees, tick size, maximum leverage, initial margin, and maintenance margin requirements. •Dogecoin price will drop below $0.080? Dogecoin, the most popular cryptocurrency, recorded significant declines this week. DOGE is currently trading near the $0.080 mark and the cryptocurrency price may fall below it. Taking into account the recent bearish shift. At press time, DOGE price was down 0.46% to $0.08058 on Wednesday, January 17. •The market value of the meme coin reached $11.49 billion, down 0.46%. And on the contrary. Trading volume increased by 19.86% to $324.95 million. Earlier, cryptocurrencies saw a surge last week after Elon Musk reaffirmed his support for DOGE by revealing that he still owns a significant stake in cryptocurrencies. $DOGE #continued More about crypto news.

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•The outlook for the price of Ripple (XRP) in the foreseeable future is still not promising after the launch of Bitcoin Spot ETFs in major US financial markets. •The last price reading for Ripple was approximately $0.60, and the price is fluctuating slightly near this level during the day, as the price action of the prominent altcoin earlier collided with strong resistance at the 21-day moving average indicator line (SMA-21). Its 50-day counterpart (SMA-50) is at $0.6060 and $0.6160, respectively. •Chart of the price of the XRP/USD pair - Source: TradingView website The failure of the price of the XRP currency to breach this upward resistance comes in conjunction with the rebound of the price of Bitcoin (Bitcoin-BTC) from its highest levels recorded in more than two years earlier today above the $49,000 level. •The last reading of the price of Bitcoin was approximately $46,000, and this decline was due to some investors selling their holdings to reap profits despite the huge trading volumes of ETFs for spot BTC trading during the first days of their launch. •The future of XRP, and will this currency have its own ETF? •XRP price movements are also met with strong resistance in the form of an extended downtrend line since last November. •XRP/USD price chart - Source: TradingView The retracement of price movements downward whenever it touches this downward trend line and the two moving average indicators on the 21- and 50-day time frame (SMA-21&50) indicates the confirmation of the downward trend that has been extending since the beginning of 2024 from a technical analysis perspective. ; This is after price movements breached the previously formed pennant technical pattern in a bearish direction. •XRP/USD price chart - Source: TradingView The XRP price chart analysis also indicates the possibility of retesting the January lows just above $0.50 in the coming weeks. •Naturally, the price expectations of the crypto markets as a whole in the medium term tend to be optimistic about achieving new gains during the year 2024, so it is likely that the positive atmosphere of the aforementioned funds will contribute - significantly - to increasing long-term purchasing pressures in the Bitcoin market during the current year, no. Especially with the approaching event of halving the rewards for issuing BTC transaction blocks, which will contribute to reducing selling pressure from Bitcoin miners. •Moreover, macroeconomic factors are likely to provide favorable conditions during 2024, although the timeline for the expected reduction of interest rates by the Federal Reserve remains ambiguous, in addition to that the recent US Consumer Price Index (CPI) data exceeded expectations. Slightly, which casts doubt on the possibility of achieving expectations indicating a reduction in interest rates starting next March. •It is noteworthy that the price of the Ethereum currency (Ethereum-ETH) continues to rise as a result of optimism regarding the possibility of approval to establish an exchange-traded fund for spot ETH trading (Ethereum Spot ETF) by next May. The impact of these positive conditions may extend to XRP, which may push its price higher. It may also benefit from its own favorable circumstances, most notably the possibility of Ripple Labs finally resolving its ongoing legal dispute with the Securities and Exchange Commission (SEC) in its favor. •Although XRP will not be the next digital currency to obtain its own ETF, a fund of this type may be launched soon, as analysts believe that the SEC’s approval to create exchange-traded funds for the BTC currency opens the door to creating ETFs specifically for trading in other digital currencies. •If Ripple emerges victorious from its legal dispute with the Commission, the uncertainty surrounding the possibility of XRP trades being considered unauthorized transactions in securities will dissipate, making it likely that the issuers of these funds will rush to submit applications to create ETFs linked to XRP. •Finally, there is a belief that the price of Bitcoin will rise more than twice its current price to reach the $100,000 barrier this year, which also makes it likely that the price of XRP will rise above the $1.0 level again. •The Bitcoin ETF project provides an interesting alternative currency. Ripple (XRP) and Bitcoin (BTC) have great growth potential - as we mentioned earlier - but the newly launched alternative currency BTCETF of the Bitcoin ETF project may outperform them in terms of performance during the year 2024. This alternative currency is designed to provide traders with the potential to earn high returns upon reaching several milestones related to the launch of spot Bitcoin ETFs through lower transaction fees and an innovative burning mechanism. •The next two main stages are for the value of financial assets managed through spot Bitcoin ETFs to cross the $1 billion mark and for the price of BTC to cross the $100,000 level and stabilize above. •Therefore, proponents of BTCETF see it as providing a double opportunity to earn returns, as they believe that the SEC’s approval of the funds will cause Bitcoin prices to double or triple during 2024. •Meanwhile, BTCETF's current market cap of $12.45 million is likely to multiply tenfold, according to crypto analyst ClayBro. For more information about the Bitcoin ETF project, visit the DEXTools website. $BTC $ETH $XRP #continued To see more news and details ✅💯🚀

•Spot BTC ETFs have made their US debut to a strong start, recording significant trading volumes in their opening week. James Seyphart, ETF strategist at Bloomberg, reported. Cumulative trading volumes for all spot Bitcoin ETFs exceeded $10 billion during the first three days of their launch. •Trade Bitcoin ETFs According to Insights from Bloomberg Analyst James Seyfart. The total trading volume of US Bitcoin ETFs over a three-day period reached nearly $10 billion. •It is worth noting that during this period. Grayscale's GBTC recorded a three-day trading volume of $5.174 billion. BlackRock's IBIT was $1.997 billion, and FBTC saw $1.479 billion in trading volume. The cumulative trading volume of the three Bitcoin spot ETFs is $9.771 billion. Which indicates significant investor activity in the cryptocurrency market. •By analyzing recent launches of ETFs. James Seyphart points out that, by most measures, these launches have proven to be very successful. It indicates a Wisdomtree exception. Whose assets currently stand at just $3.25 million. Seyfart confirms that this is only the third day since its launch. Stressing that the competition is a long-term journey that includes the potential for growth and development. •In another development, ProShares has taken an important step into the cryptocurrency investment landscape by filing with the US Securities and Exchange Commission (SEC) for five bitcoin ETFs. These ETFs will track . Ranging from -2x to +2x, daily performance of the Bloomberg Galaxy Bitcoin Index. •Specific indices and fees for leveraged ETFs have not yet been determined. However, these measures are tentatively scheduled to take effect on April 1. Subject to obtaining regulatory approval. ProShares aims to provide investors with diversified opportunities to engage with the Bitcoin spot market through a range of leverage options pending review and approval process by the SEC. $BTC $ETH #continued More crypto news 💯

•JPMorgan CEO Jamie Dimon made comments about investing in Bitcoin (Bitcoin-BTC) in his final media appearance this morning. •Dimon's opinion on Bitcoin (BTC) •On Wednesday, Damon spoke to the hosts of the “Squawk Box” program during the morning segment on the American channel CNBC about digital currencies and his “personal advice to the public not to get involved in them.” Damon stated that the “primary uses” of Bitcoin (in his view) are “facilitating fraud and money laundering practices.” Tax evasion and sex trafficking,” he continued, saying, “If the problem of misuse of currency is not resolved, the government may be forced to ban dealing in it completely.” However, Dimon stated that he would “defend” the public’s right to use it, as he added: “I do not want to dictate to anyone.” “What he should do...this country is free.” •JPMorgan's connection to Bitcoin (BTC) •When Squawk Box co-host Andrew Ross Sorkin tried to talk about major Wall Street firms rushing to launch Spot Bitcoin ETFs, Dimon wanted to end the conversation on that point, responding with: “First, I don’t care about this topic... Let’s stop talking about this nonsense, please.” •It is noteworthy that Dimon's comments came a week after the Securities and Exchange Commission (SEC) approved applications from applicants to create Bitcoin Spot ETFs, and JPMorgan is considered a licensed partner in BlackRock's Bitcoin exchange-traded fund (BlackRock), despite Dimon's personal opinion on Bitcoin. . •Similarly, JPMorgan has issued its own digital currency and called it JPM Coin. According to Takis Georgakopoulos, its global head of payments, JPM Coin is used to facilitate transfers worth more than $1 billion per day, and is expected to approach this number. From $10 billion in 2024. •Dimon vs. Senate Dimon's recent views on Bitcoin echo statements he made during a Senate hearing in December, in which he answered questions from Senator Elizabeth Warren, claiming that he has always been "more of a cryptocurrency scammer." Hostility,” and he concluded his answers by saying: “If I were in the government’s place, I would ban its use completely.” •As for Warren, she explicitly expressed her opposition to the digital currency sector, as she is working to pass two bills that would severely restrict digital currency technology. Warren stated in the same session the following: “I do not usually stand in solidarity with the CEO of a bank with a market value of billions of dollars when it comes to... Banking policies, but this is a matter of national security.” •Despite the above, the CEO of JPMorgan praised blockchain technology during his appearance yesterday morning on CNBC, describing it as “effective,” and added his opinion that “digital financial representation” may be valuable in the future thanks to “smart contract” mechanisms. On Wednesday, Damon claimed that this was the “last time” he participated in a controversy over the Bitcoin currency, indicating that we would see in the future the extent of the validity of his opinion given his controversial history regarding his statements about the crypto sector. $BTC #continued To see more crypto news ✅❌💵

•Dogecoin (DOGE) has gained additional exposure with its new listing on Flitpay, an Indian cryptocurrency trading platform. •Dogecoin is now available on Flitpay based on the new trading platform listing. DOGE is now available for deposits and withdrawals on Flitpay. The trading platform confirmed the listing news through a post on the X app. Clients who deposit now are eligible to receive a guaranteed 1% bonus on their funds. •In addition, Flitpay urged users to repost news about the listing of Dogecoin on its platform. Refer their friends and get the chance to receive up to 20 DOGE tokens as a reward. It is worth noting that this is just one of the many milestones that Dogecoin has achieved in the past few months. •Amid last month's festivities, leading cryptocurrency trading platform Binance announced new margin trading pairs for Dogecoin (DOGE) alongside Cardano (ADA). Avalanche (AVAX), and Polygon (MATIC). Complementing these moves in December, the price of memecoin jumped significantly. Recording the largest increase since the start of the third quarter increase in October. •Dogecoin (DOGE) Ecosystem Sees a Rise in Activity Likewise, the DOGE ecosystem has seen as many as five million addresses with balances and a massive increase in transactions. It is believed that this sudden increase in activity resulted in prices rising significantly. Recently, there has been a slight fluctuation in the price of the memcoin, which has led to a decline in the price. •However, experts believe that the price drop is an indication that a large percentage of Dogecoin holders are currently profitable. Notably, this situation has not occurred since the first week of November 2023. This new level may also indicate that Dogecoin use cases and adoption are gradually expanding. •DOGE's market cap now stands at over $11.41 billion dollar. Making it the tenth largest cryptocurrency. At the time of writing, the coin's market cap is $0.07818. After losing 2.38% of its value in the past 24 hours. This price triggers a reversal rally with 30% upside potential, according to the opinion of some market analysts. •There are many predictions that Dogecoin will see new levels but at the same time whales have kept themselves busy moving their huge holdings. Overall, the embrace of Flitpay represents one of the fundamentals driving optimism that bright upward trends may be underway for Dogecoin (DOGE). $BTC $ADA #continued To see more crypto news 💵✅

•Binance, the world's leading cryptocurrency trading platform, has deleted spot trading pairs related to Bitcoin (BTC). Ethereum (ETH/USD), and Binance Coin (Investing.com BNB Index). The trading platform regularly conducts comprehensive reviews of all spot trading pairs listed, which prompted the move. These reviews act as a mechanism to evaluate various factors. Including liquidity and trading volume, with the aim of maintaining a high-quality trading market. •Which Binance spot trading pairs have been deleted? The removal of the spot trading pairs in question will be effective as of 03:00 AM UTC on January 19. However, it should be noted that BTC, ETH and BNB do not act as the base currency but as the quote currency in these pairs. According to the latest announcement, affected spot trading pairs include: _DAR/BNB _DEXE/ETH_ID/BNB_POLS/BTC•The delisting process is driven by considerations such as poor liquidity. Furthermore, it is necessary to note that although the deletion process affects specific trading pairs. However, it does not affect the general availability of tokens on Binance Spot. Hence, users can continue to trade the underlying assets and delisted pairs on other available trading pairs. •However, Binance is also set to stop Spot Trading Bots services associated with the mentioned trading pairs at the same time. Users using these services are strongly encouraged to update or cancel their spot trading bots prior to termination to mitigate potential losses•Binance Futures is adding a perpetual contract in an effort to diversify trading options and elevate the user experience. Binance Futures is set to offer a perpetual USD-M WIF contract. The permanent contract will be available from January 18, 2024 at 02:15 PM. UTC, offering leverage of up to 50x. The contract is linked to Dogwifat (WIF) as the underlying asset, and is settled in USDT. •The perpetual contract size is 0.0001 and a maximum financing rate of +2.00%/-2.00%. While financing fees will be settled every four hours. Traders can participate in multi-asset placement. This enhances flexibility in trading across multiple margin assets. $BTC $ETH $BNB #continued To see more news about digital currencies ✅

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•As the deadline for the SEC's decision on Spot BTC ETFs approaches. predicts Reggie Brown, head of ETF trading at GTS. Potential premium of 8% for a spot Bitcoin ETF over Net Asset Value (NAV). At the same time, Brown emphasizes the complexity created by the inability of US brokers and traders to trade bitcoin directly, which could cause trading hurdles. •However, despite expectations that liquidity will maintain competitive spreads. Brown anticipates challenges in keeping ETF prices in line with underlying Bitcoin values. •Premiums on Spot Bitcoin ETFs as the SEC's deadline approaches to make critical decisions on Spot Bitcoin ETF applications. Presents industry expert Reggie Brown, Head of ETF Trading at GTS. An overview of the potential challenges investors may face. Brown expects that if approved. These ETFs can trade at a premium of 8% above net asset value (NAV). Driven by regulatory restrictions on spot Bitcoin trading for brokers and traders in the US, Bloomberg reported. •Meanwhile, one of the major hurdles is the SEC's reluctance to allow direct spot trading of Bitcoin by brokers and dealers. This forces them to rely on Bitcoin futures for hedging. This additional layer of complexity raises concerns about keeping ETF prices in line with underlying Bitcoin prices. Which may lead to a significant premium to the net asset value. •Additionally, Brown acknowledges the excitement of the industry but emphasizes the complexities involved. “While we will celebrate today, I think the next morning will bring all the details,” he said. Investors are expected to pour a whopping $2 billion into spot Bitcoin ETFs within the first 30 days of trading. With an expected total inflow of between $10 billion and $20 billion for this year. •What then? Despite potential bonus challenges. Brown asserts that there is sufficient liquidity in the market to keep spreads competitive and tight. In addition, the market making community is poised to provide significant liquidity. This alleviates concerns about the spread width. •Meanwhile, while the cryptocurrency community waits for the SEC's decision. The spotlight remains on industry giants such as Ark Invest, BlackRock, Fidelity, Grayscale, WisdomTree, Franklin Templeton, and Valkyrie. They are all vying for approval. It is worth noting that the huge market potential is underscored by Grayscale Investments' flagship GBTC fund. Nearly half a billion dollars were traded in one day. Which highlights the significant market impact that Spot Bitcoin ETFs can have. #continued More news ⬇️#salemhamidi

•Despite the constant attack on digital currencies, led by Bitcoin, Bitcoin has not stopped rising until now, and the acceptance of its traded funds by the SEC was considered a historic shift in the adoption and acceptance of digital currencies as a global financial asset. •Jamie Dimon speaks for the last time and one of the fiercest attackers of Bitcoin and digital currencies in the world of finance is the CEO of the American bank JP Morgan (NYSE: JPM), Jamie Dimon, who recently appeared with new statements on the economic channel CNBC, to say that his personal advice For everyone, it is important not to get involved or exposed to Bitcoin. •Jamie Dimon said it would be the last time he talked about Bitcoin. •The screen accompanying the speech of the head of the American investment bank, JP Morgan, compared the growth rate of Bitcoin compared to gold on an annual basis, and the data revealed a rise of more than 100% in Bitcoin prices, while gold rose by 6.31%. •This criticism comes one day after the International Monetary Fund issued a warning against considering Bitcoin a real competitor to the dollar. The global financial institution said that the dominance of the dollar would not be able to compete with Bitcoin and that the dollar currency’s current position is strong and is not affected by other assets, especially Bitcoin. •Bitcoin is currently trading at $42,644.5 per symbol, down by 1.03% in the last 24 hours. Bitcoin has been moving erratically since it fell from a peak of $49,000 to $41,000 in days after the Securities and Exchange Commission accepted the listing and trading of spot Bitcoin funds. •Bitcoin is exposed to selling pressure and the difficulty of creating an upward path as a result of the rise in purchasing fees due to the entry of new whales into the crypto market, namely asset managers. •Acceptance of Bitcoin Funds: Good News. for Altcoins On January 17, Andrew Kang, co-founder of crypto venture capital firm Mechanism Capital, said the launch of a Bitcoin exchange-traded fund is good for Bitcoin, “but it's actually much better for altcoins.” •Volatility in Bitcoin will now decline with institutions participating, and gains will be slow and steady, he said. •“The Goldilocks scenario for altcoins is when Bitcoin rises slowly over months and years,” he explained. •He said there would be few, if any, fluctuations during the day, before adding: "Most days will be up, but not much compared to the early glory days." •He continued: “BTC will offer very little volatility that will interest many traders, but the grind creates confidence in the upward trajectory of the cryptocurrency market.” •It is noteworthy in this context that Bitcoin dominance has decreased by 6% since the launch of ETFs last week. •According to TradingView, Bitcoin's market share currently stands at just under 51%. Since May 2017, when the first major wave of altcoins took over the cryptocurrency industry, Bitcoin's dominance has skewed sideways in a range between 40% and 70%. Kang expected Bitcoin's dominance to decline to 40% this year. •Total capitalization, including Bitcoin, currently stands at $1.78 trillion, after a 1.4% gain on the day. However, Bitcoin has barely moved, and altcoins are driving the momentum once again. •A look at strong altcoin movements in the same week that saw Bitcoin drop 5.3%. Ethereum managed to rise 7.23% and Solana rose 6.18% and is rising today by 4.3% to $101,606. Chainlink also rose by 12.65% in a week and is rising today by 4.10% to $15.9. $BTC #continued More news about digital currencies 💵✅💯

•Bitfinex successfully thwarted an attempt by an attacker to embezzle Ripple worth approximately $15 billion. Chief Technology Officer, Paolo Ardoino confirmed. The incident was described as a failed attempt to exploit the partial payments feature. •What happened with Bitfinex? In a recent incident, blockchain tracking account Whale Alert initially reported a large transfer of 25.6 billion Ripple, roughly half of the circulating supply. From unmarked wallet to Bitfinex. However, Whale Alert later retracted the post, citing issues with accurately reading the Ripple node's response. •Paolo Ardoino, CTO at Bitfinex, explained. On social media platform The attacker believes the trading platform has misconfigured its software to process partial payments, allowing for potential exploitation. •The strategy for exploiting partial payments is based on the assumption that the company’s system only reads the “amount” field of the Ripple transaction. Which is set to a high value. The attacker then sends a much smaller amount. Specified in another transaction field, with the aim of obtaining a credit from the company for the difference. •Arduino confirmed that the attack failed because “Bitfinex correctly handles the ‘delivered_amount’ data field.” In addition, blockchain data revealed that the attacker also attempted to launch a similar attack on Binance. Which involved transferring 58.9 billion Ripple, which also proved unsuccessful. •Navigating Regulatory Challenges Last week, Bitfinex UK implemented crucial changes to the platform that require its customers to adopt the changed rules. •In the latest announcement from the UK-based Bitfinex platform. The trading platform has implemented a major change affecting customers who registered their accounts on or after November 1, 2023. These users are no longer eligible to apply for individual account verification. With Bitfinex confirming that this policy is now permanent. •This shift is not limited to individual investors, as crypto-currency investors are also covered by the new measures. Bitfinex now restricts account verification to “high net worth” individuals. Which suggests that traders must meet specific financial criteria. The trading platform may request additional documentation to verify compliance with current UK laws defining high net worth status. •For existing customers, additional restrictions take effect from January 10. This group of investors is now unable to make new deposits. Or enter into new contracts, or increase existing margin positions on the trading platform. Despite these limitations. Existing Bitfinex UK customers retain the ability to reduce or close their positions and withdraw funds from the platform. Bitfinex has established a support line to assist users with inquiries and navigating through this service outage. $XRP #continued To see more news and details 💯🚀🔥

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