Binance receives approval from Bahrain but is fined TRL 8 million from Turkey. This is just one of the major headlines in the crypto market news compiled over the past 24 hours.
Crypto Market Highlights: Stock Market News
Binance has received general approval from the Central Bank of Bahrain (CBB) to establish itself as a cryptocurrency service provider in the Kingdom of Bahrain. CBB’s fundamental approval still requires BNB to complete the full registration process, which is expected to be completed within the “timely” time.
Turkey’s Financial Crime Investigation Commission (MASAK) has fined BNB Turkey 8 million TRL (nearly $ 750,000) after the crypto exchange failed a financial regulator audit. This should make BNB the first crypto business to be fined by the Turkish government.
Crypto Market Highlights: Legal News
Indian Police Supreme Commissioner Shikha Goel warned Indian citizens of the rise in cybercrime during an event organized by Hyderabad Police, suggesting that cryptocurrencies should not be illegally transferred to personal wallets. After declaring the fraud, Goel also emphasized that 16 such cases have been recorded in relation to cryptocurrencies.
Crypto Market Highlights: Mining News
Bitcoin’s Mining Difficulty (BTC), or a measure of how hard it is to compete for mining rewards, has come pretty close to its all-time high of 25.05T recorded in mid-May, the previous 8.33% increase that two weeks earlier was recorded – and taken together the mining difficulty to 24.27 T. The hash rate or the computing power of the network has increased continuously as a good.
Crypto Market Highlights: News on New Products and Services
The polygon-based Decentraland (MATIC) and the Ethereum-based luxury marketplace (ETH) are planning to offer a super diverse fashion week that includes catwalk shows, pop-up stores and after-party parties, according to a tweet. The event will take place from March 24th to 27th and Decentraland invites designers, brands and fashionistas to showcase their virtual collections during Fashion Week.
The cryptocurrency wallet MetaMask has announced that they will be releasing an improved user interface that will allow users to view their portfolio and assets across all accounts with a more user-friendly experience. They did not mention a release date.
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