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$BTC formed an inside-day candlestick pattern on Nov. 14 and again on Nov. 15, indicating indecision between the bulls and the bears. The upsloping moving averages and the relative strength index (RSI) in the overbought territory signal advantage to buyers. A break and close above $93,265 could start the next leg of the uptrend to the crucial level of $100,000. The bears will try to halt the up move at $100,000, but the rally could extend to $113,331 if the bulls prevail. Contrarily, if the price turns down and breaks below $85,000, the BTC/USDT pair may witness sharp selling. That could sink the pair to the 20-day exponential moving average ($78,496). Source : Cointelegraph
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South Korea’s Financial Intelligence Unit (FIU) of the Financial Services Commission (FSC) has identified at least 500,000 to 600,000 potential KYC violations by the Upbit exchange, local news agency Maeil Business Newspaper (MK) reported on Nov. 14. The authority reportedly spotted alleged customer verification breaches while reviewing the renewal of Upbit’s business license, potentially affecting the exchange’s operations. n South Korea, cryptocurrency exchanges or virtual asset service providers (VASPs) are obligated to establish strict KYC procedures. In January 2018, the South Korean government sought to regulate crypto trading by allowing such trading only from real-name bank accounts. After beefing up the regulations, the FSC introduced a mandatory registration process for all crypto exchanges, ensuring they comply with KYC and Anti-Money Laundering (AML) protocols. According to the MK report, the FIU identified many cases where Upbit reportedly did not follow KYC procedures. Source: CoinTelegraph
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Hong Kong’s central bank said it may be illegal for unlicensed companies to represent themselves as banks in Hong Kong. The Hong Kong Monetary Authority (HKMA) warned its citizens that some overseas crypto companies are misusing the word “bank” to improve their trust quotient. On Nov. 15, Hong Kong’s central bank warned about crypto companies that are not licensed banks in Hong Kong making such misrepresentations. The HKMA said some crypto firms have represented themselves as banks or used the term to describe their services and products. The central bank said that these acts may be against the law. “Such acts may constitute a contravention of the Banking Ordinance,” the HKMA wrote. The central bank warned that one company made a representation that it was a bank, while the other described a product on its site as a “bank card.” Source; CoinTelegraph
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Few days ago, we posted this $0.00 cost Airdrop and we encouraged you to participate 🌟 Today, we have 169,305 PitchTalk points and we are ranked 9,704 out of 981,386 users, our target is to Be in the top 5,000 We don’t know how possible this is but, we will achieve this It is not too late to start, here is something Check the post attached below for the step by step guide on how to position for PitchTalk Airdrop Start the Airdrop Go to the tasks page and complete all the tasks If you can complete the last two, you will get 100,000 PitchTalk points What are you waiting for?
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