28.07.[News of the day] • This morning, anonymous whales and Coinbase transferred 93,058 BTC • and other articles

Welcome to today’s overview of crypto news:

MARKETS

The past 24 hours have been great for BTC, as its price has risen from about $ 37,600 to an intraday high of $ 40,393. In any case, the cryptocurrency has now dropped to about $ 39,500, and it is interesting to see if it can decisively overcome the important technical and psychological resistance of $ 40,000.

BTC’s dominance – an index that measures its share relative to the market share as a whole – has also risen by more than 0.5% over the past 24 hours, suggesting that altcoins have not been able to take advantage of this move better than BTC.

BTC is about 6% higher today, and that’s more compared to many altcoins. While the entire market is in the green, not everyone enjoys similar profits, with some exceptions, of course. ETH increased by 3.4%.

Technical analysis: BTC / USD

Cryptocurrencies

This morning, anonymous whales and Coinbase transferred 93,058 BTCs

A total of 93,058 BTCs transferred this morning by Coinbase and anonymous whales. Data shared by Whale Alert shows that an incredible 69,058 BTCs have been transferred. Hours before the move, Coinbase received 24,000 BTC from wallets, also known as anonymous.

The Whale Alert team has identified seven transactions, each carrying approximately 9,900 to 9,700 BTCs. That’s a total of 69,052 transactions and a staggering $ 2,745,014,065. Previously, the blockchain tracker recorded two consecutive transactions, each carrying 12,000 BTC. That represents $ 953,985,600. The total fiat value of the converted bitcoins is $ 3,698,999.66.

Cardano must break through the fundamental resistance and aim for 2 USD

Cardano has no strength to move forward after breaking free from the falling triangle on July 24. A resistance zone of $ 1.33 is preventing the ADA from reaching growth potential. Although the technical formation predicts growth of 54.55% towards USD 1.91, the volume of trades remains almost unchanged.

Amazon’s negative stance on the promotion of cryptocurrency payments may have contributed to the stagnation of the Cardana price. Now, the fifth largest cryptocurrency by market capitalization is shortening the time to take the final step. Purchase orders must increase at current levels for the ADA to reach higher highs and avoid sharp corrections.

Banks, crypto exchanges, companies

Large Indian banks acquire stakes in a blockchain business finance firm

The 15 largest Indian banks have invested in a fintech company that aims to use the blockchain to accelerate domestic letters of credit, the first case of domestic trade finance, according to regulatory documents filed with the Indian National Stock Exchange.

Indian Banks’ Blockchain Infrastructure Co. uses blockchain technology to validate data on goods and services tax invoices and electronic waybills, which, according to a report by The Economic Times, speeds up transactions and eliminates the risk of fraud, which are major concerns in India’s paper-dependent financial sector. It is said to be the first such company to finance domestic trade in India.

The move comes amid the ongoing Indian saga of cryptocurrency regulation. One week ago, one of the banks that signed up for the project, ICICI bank, warned its customers two weeks ago against using its international transfer services to transfer crypto or virtual currencies.

Binance lowers withdrawal limits and introduces a tax reporting tool

Binance, the world’s largest trade-based crypto exchange, continues its efforts to maintain dialogue with global regulators by introducing collection limits and a new tax reporting system.

On Tuesday, the company officially announced a major update to its Know Your Customer (KYC) policy, which significantly reduces the maximum withdrawal amounts for users who have not fully verified.

With immediate effect for new Binance accounts, users who have completed only basic account verification will not be able to withdraw more than 0.06 BTC per day, which is currently approximately $ 2,400. Previously, the maximum daily withdrawal amount was limited to 2 BTC, or about $ 80,000. Binance CEO Changpeng Zhao noted on Twitter.

CBDC, Regulation

The Central Bank of Thailand supports the blockchain in the new guidelines

Yesterday, the Central Bank of Thailand released guidelines for regulating and promoting the use of blockchain technology in the financial sector. The guidelines issued by Siritida Panomwon Na Ayudhya, Assistant Governor of the Payment Systems and Financial Technology Policy Group at the Bank of Thailand, set out the principles for the implementation of blockchain technology by financial service providers.

Referring to the “strong potential of blockchain in ensuring greater efficiency, transparency and interoperability across sectors”, the Bank of Thailand stated that its goal is to support financial innovation while strictly overseeing risks. Ultimately, he hopes that the regulatory framework can “increase people’s confidence” in the use of blockchain-based financial services.

South Korean regulator reveals hidden bank accounts of crypto exchanges

The South Korean Financial Services Commission announced today that it has uncovered 14 bank accounts used by virtual asset exchanges, which were registered in names that did not belong to the exchanges themselves.

It is not legal for crypto exchange bank accounts maintained under other names to receive customer funds on behalf of exchanges. Some accounts have been established in the name of an agent or an associate.

Virtual asset exchanges that have not obtained real-name account agreements with banks are prohibited from processing withdrawals and deposits of Korean won on their platforms. This has led some to set up separate corporate bank accounts where users deposit money in exchange for a crypto.