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Coinbase announced ERC20 support

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  • Blog

Coinbase announced today it’s intention to add ERC20 support to several of its suite of products.

Historically, Coinbase announcements have caused huge retail influxes of retail investors, erratic price swings, and even allegations of market manipulation. That’s why it was a surprise today when Coinbase‘s latest announcement came not with a bang but a bearish whimper. Prices are down across the board today and there has been very little reaction to Coinbases momentous announcement. Whether or not the market chooses to react in the next 24 hours, one thing is for sure. Coinbase’s addition of ERC20 support will have wide-reaching effects around the cryptocurrency markets for years to come and cannot be overlooked.

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Binance moving to Malta

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  • Blog

Binance, the world’s largest cryptocurrency exchange by traded value, is seeking a fresh start in the Mediterranean.

The company, founded last year in Hong Kong, is planning to open an office in Malta, Chief Executive Officer Zhao Changpeng said in an interview. Binance will soon start a “fiat-to-crypto exchange” on the European island nation, and is close to securing a deal with local banks that can provide access to deposits and withdrawals, he said, without providing a timeframe.

“We are very confident we can announce a banking partnership there soon,” Zhao said. “Malta is very progressive when it comes to crypto and fintech.”

Regulators from China to the U.S. have been cracking down on cryptocurrency exchanges since last year, making it difficult for venues like Binance to find a permanent base. The company had an office in Japan and was trying to get a license to operate there, but decided to remove its staff to avoid a clash with local regulators, Zhao said. Japan’s Financial Services Agency issued a warning to the exchange on Friday for operating without approval.

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In the last couple of years, cryptocurrency has grabbed a spot in our news headlines as being the money of the future. As expected, significant financial institutions have begun incorporating this system into their daily activities, and iGamingAdvisors isn't an exception.

In the digital era, cryptocurrency has evolved to become the most secure way for communications, sharing of information and the perfect means of storing money online. Presently, the world has more than 1,000 available cryptocurrencies, but the most renowned is Bitcoin, created in 2009.

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