UK Financial Authority Orders Binance To Halt Regulated Activities – June 28


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Current Bitcoin Price$34,808

Bitcoin price has made another upward move into the high $34,000s, as price appears to have found a new floor.

Top-20 altcoins are also in the green, as Ethereum gains 11%, XRP rises 5% and Internet Computer jumps 29% over the last 24 hours of trading.

Top Stories for June 28, 2021 🔥

👉 UK Financial Authority Orders Binance To Halt Regulated Activities

The UK’s Financial Conduct Authority (FCA) has ordered crypto exchange Binance to halt all of its regulated activities in the UK, following a review of its operations.

Although the FCA doesn’t regulate cryptocurrencies themselves, it does govern derivatives trading, which includes Binance’s popular futures trading feature.

Binance has Tweeted that the FCA’s notice only applies to part of its structure – Binance Markets Limited – and does not have a direct impact on services provided on Binance.com.

👉 Bitcoin Difficulty Estimated To Fall 21% In Next Adjustment

Multiple on-chain data websites have estimated that Bitcoin’s mining difficulty will fall by about 21% in its next adjustment – potentially the largest difficulty drop ever.

Mining difficulty determines how challenging it is for miners to solve the algorithm required to produce a new block. The next adjustment will occur in about four days.

👉 Rapper Jay-Z To Auction NFT Via Sotheby’s Auction House

Renowned rapper Jay-Z is auctioning a non-fungible token (NFT) based on his debut album via Sotheby’s, beginning today.

The announcement has come just a matter of days following Roc-A-Fella Records co-founder Damon Dash being sued for trying to sell the copyright of the same album as an NFT.

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