Banking Disrupted for Binance Australia
• Binance Australia’s customers have been unable to deposit or withdraw money after a third-party service provider cut off its service
• UK lawmakers suggested that Bitcoin, ether, and other cryptocurrencies should be regulated as gambling due to their potential use by fraudsters and the risks they pose to consumers
• Coinbase expanded its zero-fee subscription service Coinbase One from just the U.S. to also include the U.K., Germany, and Ireland
Banking Disruption in Australia
The Australian arm of Binance, the world’s largest cryptocurrency exchange, has announced that some of their customers will be unable to deposit or withdraw money after a third-party service provider cut off its service. This disruption is impacting many individuals who rely on this source for their cryptocurrency trading activities.
Cryptocurrencies Should Be Regulated As Gambling
UK lawmakers recently stated in a report that Bitcoin, ether, and other cryptocurrencies should be regulated as gambling due to the potential risks they pose to consumers. They argued that these digital assets could potentially be used by fraudsters and therefore need to be closely monitored in order to protect users from any malicious activity involving them.
Coinbase Expands Subscription Service
Coinbase took its zero-fee subscription service Coinbase One out of beta testing and expanded it from just the U.S. to also include the U.K., Germany, and Ireland. For $29.99 per month, customers don’t pay trading fees and get higher staking rewards which makes it an attractive offer for those looking for an efficient way of trading cryptocurrencies with minimal cost involved.
BTC/USD Dropped 2.3%
The Bitcoin-Dollar pair dove 2.3% in the last session according to technical analysis which indicates it is currently oversold while support is at 26286333 and resistance is at 28080333 according to Stochastic indicator readings which suggest a positive signal currently being given off by this asset pair .