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COIN on Base is “something we are looking into in the new year,” Pollack said, adding that eventually, “every asset in the world will be on Base.”
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In November 2023, Binance entered a $4.3 million settlement with the US government for sanctions violations, money laundering and operating as an unlicensed money transmitter.
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In October 2023, Binance.US updated its terms of service, stating that the exchange would no longer support USD. The exchange said it wanted to transform into a “crypto-only exchange” in June 2023.
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Binance.US suspended US dollar deposits after the lawsuit was filed but eventually found a temporary USD deposit solution.
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In June 2023, the US Securities and Exchange Commission sued Binance, accusing the firm of failing to register Binance.US as an exchange.
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Binance.US launched in 2019 to provide regulated crypto trading services to residents of the United States.
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“We continue to offer unbeatable features such as 0% fee Bitcoin trading on BTC/USDC,” he wrote, adding that the exchange supports trading 160 cryptocurrencies and staking for more than 20 crypto assets.
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Additionally, the interim CEO said that Binance.US is committed to cementing its reputation as the “best crypto platform for low fees and high rewards.”
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“We’re leveraging new and impactful partnerships to improve our exchange infrastructure with expanded custody offerings, new wallet solutions, and other benefits,” Reed noted, adding:
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In line with Reed’s positive perspective on the Binance.US journey, the company plans new releases in the coming months as it continues to expand its products.
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Reed’s remarks came days after Binance CEO Richard Teng said it was too early to discuss whether the exchange might re-establish itself in the US, during a Bloomberg TV interview on Dec. 9.
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Onchain Edge was referring to an investment technique called dollar-cost averaging (DCA) — the practice of buying BTC with a set amount of another asset, such as fiat currency, at regular intervals.
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“When the BTC supply loss % goes below 4% you should start dcaing aggressively out of BTC and wait for the next bear market lows,” according to accompanying commentary.
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Reviewing the last bull market, which reversed in late 2021, contributor Onchain Edge said that supply profitability signals were in place for many months.
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Bitcoin bull markets have a habit of ending when supply profitability crosses a certain threshold, CryptoQuant said.
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In the near short term, with the US Federal Reserve’s anticipated continued pivot toward rate cuts, Bitcoin could find itself in a favorable macro environment for risk assets.
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Hitting $100,000 is a symbolic achievement, but for many, it signals the beginning of Bitcoin’s larger story.
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“Who holds Bitcoin doesn’t really affect the network in any way,” Quary told Cointelegraph.
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Some view it as a move toward centralization, while others, like Bitcoin marketplace Magisat founder Quary, see it as neutral to Bitcoin’s decentralized ethos.
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Trump’s campaign also floated the idea of a strategic Bitcoin reserve, which has stirred mixed reactions.
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