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EthereumClassic/Ethereum Trading forecasts and signals

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Binance has been hit by global regulators
Binance has been hit by global regulators The world's largest cryptocurrency exchange Binance has recently been attacked by regulators and banks.One of the largest financial conglomerates in the world, Barclays, on Monday banned its customers in the UK from sending funds to the Binance crypto exchange.The decision is aimed at "helping to keep your money safe", according to an SMS message sent to the bank's customers who transferred money to Binance this year.Santander Bank also announced that it will reconsider its attitude to payments sent to unregulated crypto exchanges. Lloyds noted that they do not allow credit card transactions related to cryptocurrencies and check such transactions for fraud.Last week, the Securities and Exchange Commission of Thailand opened a criminal case against Binance. The regulator found that Binance provided services through its website without a corresponding license. Earlier, Binance came under pressure from regulators in Singapore and the Cayman Islands.At the end of June, the British regulator FCA warned that Binance Markets is dangerous for consumers because it operates without a license. This warning also applies to the Binance Group.Earlier, the Financial Services Agency of Japan (FSA) issued another warning to Binance for working in the country without a license. The main purpose of the notification is to protect investors. More about Binance:Binance crypto exchange is under ...
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Ethereum Classic soared by 34% on the background of the upcoming hard fork
Ethereum Classic soared by 34% on the background of the upcoming hard fork The Ethereum Classic (ETC) cryptocurrency has risen in price by a third over the past day after the announcement of the upcoming hard fork.This allowed the asset to take the 16th place in the CoinGecko rating. ETC is trading above $60, but this is significantly lower than the May high, when the price exceeded $107.Ethereum Classic technology coordinator Stevan Lohya on Tuesday announced the upcoming hard fork for the implementation of the latest version of the project.The update, which the community called "Magneto", will include four suggestions for improving Ethereum or EIP, which appeared in the Ethereum Berlin update earlier this year.These offers are aimed at increasing the level of security and reducing commission costs by storing addresses and keys in one place.Beta testing of the Morder and Kotti test networks from ETC began on June 2 and 9. In the mainnet, the hard fork should be activated on July 21, 2021.Stevan Lohya recommended that users update the software of their nodes to a version compatible with Magneto.If users do not manage nodes or services, but use Ethereum Classic through third-party applications, they need to make sure that these applications support the Magneto update.Recall that at the end of last year, a group of ETC Labs developers began working on creating a "bridge" between the Ethereum Classic and Ethereum blockchains. It will allow swaps of the DAI stablecoin, which is used in many decentralized finance (DeFi) applications, to be carried out between these ...
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The US authorities will take control of all cryptocurrency transactions
The US authorities will take control of all cryptocurrency transactions The US Internal Revenue Service (IRS) has requested an increase in funding to strengthen oversight in the crypto sphere.According to the head of the IRS Rettig, the agency needs the authority to track all transfers in cryptocurrency in the amount of 10 thousand dollars.The Tax Service expects an increase in the budget for 2022 to expand the capabilities of tax administration in the field of cryptocurrencies and the fight against cybercrime.The capitalization of the crypto market has increased to $ 2 trillion, while the cryptocurrencies themselves are arranged in such a way as to remain out of sight, Rettig noted.The IRS plans to create a complete internal dashboard of cryptocurrency blockchains.In addition, it is proposed to impose obligations on crypto brokers and crypto exchanges to disclose information about their customers. In the tax form 1040, there will be items related to cryptocurrencies, which will simplify tax control in this area.Under Rettig, the IRS launched activities to collect information about users of crypto exchanges that can evade taxes. In April, it became known that the agency is looking for a company that would provide it with tools for hacking hardware crypto wallets.In an earlier green paper, the Biden administration made it clear that efforts to tax cryptocurrencies are aimed at narrowing the so-called tax gap.According to IRS estimates, the US government's shortfall in taxes could recently increase to $ 1 trillion a year due to the emergence of new sources of income, including cryptocurrencies.Meanwhile, the commissioner of the US Securities and Exchange Commission (SEC), Hester Pierce, in an interview with the Financial Times, said that too strict regulation of cryptocurrencies can harm financial ...
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Famous billionaire will invest in Bitcoin
Famous billionaire will invest in Bitcoin Billionaire Karl Aikan has announced his readiness to invest up to $1.5 billion in the cryptocurrency market.He especially likes Bitcoin and Ethereum.In the near future, billionaire investor Carl Icahn can enter the market "on a large scale", having invested more than $1 billion.In the past, the Bitcoin skeptic noted in an interview with Bloomberg that he looks at digital gold as a means of saving, and at Ethereum - including as a payment system.Aikan said that he has not yet bought cryptocurrencies, but is studying Bitcoin, Ethereum and the cryptocurrency sector in general in search of opportunities. Alternative currencies are gaining popularity as a natural consequence of inflation in the economy. The dollar, in his opinion, "is valued only because they can pay taxes."Most of the issued digital assets will eventually disappear, but in general" in one form or another "they will remain, the billionaire believes. In his opinion, the interest in cryptocurrencies is due, among other things, to inflated prices on the stock market.According to Forbes, the fortune of 85-year-old Aikan, who served as an adviser in the administration of Donald Trump, is $15.6 billion. In 2018, in a conversation with CNBC, he called cryptocurrencies "ridiculous" and admitted that he might be too old for them.Recently, the founder of Bridgewater Associates, Ray Dalio, said that he invested in Bitcoin. According to him, the reason for this decision was the depreciation of the US Dollar, which creates attractive conditions for investing in cryptocurrency.However, many major financiers are still extremely negative about bitcoin. For example, DoubleLine CEO Jeffrey Gundlach believes that BTC is a speculative tool. According to this billionaire, the cryptocurrency is an ordinary ...
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