Binance Australia Banking Disrupted: Crypto Regulated As Gambling? Coinbase Subscription Service Launched

• Binance Australia announces banking disruption due to third-party provider cutting off service.
• UK panel of lawmakers suggests Bitcoin, Ether and other cryptos should be regulated as gambling.
• Coinbase launches subscription service Coinbase One and expands it to the U.S., U.K., Germany, and Ireland.

Banking Disruption

Binance Australia’s customers will be unable to deposit or withdraw money after a third-party service provider cut off its service.

Regulation of Cryptocurrencies

A panel of UK lawmakers suggested that Bitcoin, ether, and other cryptocurrencies should be regulated as gambling, given they are potentially used by fraudsters and pose significant risks to consumers.

Subscription Service

Coinbase launched 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 with no trading fees and higher staking rewards.

Bitcoin & Ethereum Price Movement

The Bitcoin-Dollar pair dropped 2.3% in the last session with support at 26286.3333 and resistance at 28080.3333 according to Stochastic indicator which is giving a positive signal currently in the positive zone . The Ethereum-Dollar pair dropped 1.3% in the last session with support at 17654433 and resistance at 18627433 according to Stochastic RSI which is pointing an oversold market . The Ripple Dollar pair exploded 2% in the last session with support at 04219and resistance at 04723 according to Stochastic RSI which is signaling an overbought market . The Litecoin dollar pair plummeted 3% in the last session with support 87111and resistance 98151 according to ROC which is giving negative signal currently in negative territory .

Daily Economic Calendar

US Baker Hughes US Oil Rig Count ,Germany’s Producer Price Index , Japan’s Tertiary Industry Index will be released on same day i:e 17:00 GMT ,06:00GMT ,04:30 GMT respectively .

Comments are disabled