[ad_1] Binance has launched a new cryptocurrency exchange in Singapore after months of anticipation, TechCrunch reported on April 23, albeit with limited features. Users of the platform are only able to purchase bitcoin (BTC) using Singapore dollars (SGD,) meaning far fewer trading pairs are available for consumers compared with the company’s main exchange. Bitwise reported on April 29 that bitcoin spot volume nearly hit $5 billion, far above the normal. Binance, which is the top exchange on Bitwise’s volume dashboard, registered a new all-time high in trading activity on April 29. Much of this trading activity took place on Binance’s Bitcoin/USDT and Ethereum/USDT markets. Also read: Market Update: Global Economy Jolts Bitcoin, Overall Crypto Cap Loses $50B . Exchanges Struggle as Traders Get Busy. A panic-stricken sell-off of bitcoin and other risk-on digital assets has led to a number of crypto exchanges experiencing outages. On Thursday, March 12, Binance’s CZ noted that the platform’s load was 5x greater than all previous peaks. The exchange was handling ... Getty As COVID-19 continues to affect the USA, the federal authorities is taking motion to ease the burden on taxpayers. BUSD — Binance’s USD stablecoin is now the latest crypto payment option added to the BitTorrent and µTorrent platforms. The move now sees the popular peer-to-peer (P2P) file sharing service supporting six cryptocurrency tokens.. Tron CEO, Justin CEO, acquired BitTorrent back in June 2018 triggering the platform’s pivot towards the crypto and blockchain space. Bitcoin Price It’s a “Matter of Time” Before Bitcoin Hits $20,000: Analyst. Analysts think that Bitcoin may be primed to hit $20,000 after passing $14,000. Binance just released an overview on the current state of the crypto markets. The leading cryptocurrency exchange says the majority of Bitcoin investors are holding on tight in anticipation of a big move, but whether BTC will break out or break down remains an open question.. The narrow price range has also driven Bitcoins 30-day volatility down to its lowest level since October 2019 ... #bitcoin Paypal dabbling in Crypto could be the calatlyst that makes Bitcoin a mainstream payment option, Rich Dad Poor Dad author Robert Kyosaki is still promoting that people should be buying Bitcoin, The UK FCA says Bitcoin is dominating the Crypto space being THE brand people want, Bank of America could soon treat BTC transactions as cash ... The newly supported coins are Binance’s native token Binance Coin (BNB) and three stablecoins – Gemini dollar (GUSD), Tether (USDT) and Circle’s USD Coin (USDC) – Chainalysis said Wednesday. “As a New York trust company, we are required to monitor transactions onto and off of our platform,” said crypto exchange Gemini’s chief compliance officer, Michael Breu. “Automated ... Toronto-based investment manager 3iQ Corp. completed a $48 billion offering in its Bitcoin Fund traded on the Toronto Stock Exchange, but it isn’t registered to serve U.S. investors
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