Last Updated : August 26, 2021 / 08:17 AM IST
Top cryptocurrency news on August 26: Major stories on Bitcoin, Binance NFTs
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day.
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Market Buzz
Bitcoin trading at $48,775
Cryptocurrency prices continue to be a mix of red and green on August26. The global cryptocurrency market cap is $2.09 trillion, a 1.09 percent decrease over the last day, while the total crypto market volume over the last 24 hours is $113.15 billion, which makes a 4.97 percent decrease. The volume of all stable coins is now $89.26 billion – 78.89 percent of the total crypto market 24-hour volume. Bitcoin's price is currently $48,775.31 and its dominance is currently 43.89 percent, an increase of 0.12 percent over the day. Read full here.
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Corporate Watch
Major crypto exchange Binance to step up anti-money laundering checks
Binance, the world's largest cryptocurrency exchange, said on Friday that it was bringing in stricter customer checks for anti-money laundering requirements with immediate effect. It has been under pressure in recent months from regulators across the world, concerned over the use of crypto to launder money and lax consumer protection. Binance said on its website that users would, with immediate effect, have to complete a verification process to access its products and services. Those who have not done so will only be able to withdraw funds, cancel orders and close positions. (Reuters)
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Big Story
Binance hires Greg Monahan as Global Money Laundering Reporting Officer
Binance, a blockchain ecosystem and cryptocurrency infrastructure provider said it has appointed Greg Monahan, former US Treasury Criminal Investigator, as Global Money Laundering Reporting Officer (GMLRO). Monahan has nearly 30 years of credited government service, a majority of which as a US Treasury Criminal Investigator, responsible for tax, money laundering and other related financial crime investigations. He has led complex international investigations that have resulted in the takedown of some of the most prolific cybercriminals, nation-state actors and terrorist organisations, a statement said. (PTI)
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Around the World
St Kitts and Nevis Cricket Team Partners with Sports Blockchain Platform
The St Kitts and Nevis Patriots, a cricket team in the Caribbean Premier League, has partnered with Ragefan for a multi-year strategic collaboration that will boost fan engagement by launching fan tokens that will offer supporters exclusive content, rewards and experiences. The tokens will be made available on Ragefan's "Fanpad" for holders of $Rage. It becomes the first team in the Caribbean Premier League to launch fan tokens along with non-fungible tokens. (PRNewswire/PTI)