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- 03-10-2024
03-10-2024
Fernando Fierro
October 03, 2024
Howdy folks,
🎉🇦🇷 Binance has secured regulatory approval in Argentina, enhancing its presence in the burgeoning crypto market. The National Securities Commission added Binance to the Virtual Asset Service Providers Registry, allowing the exchange to offer its full suite of services to local users.
While Argentina is attracting major crypto players like Binance and Cardano, limited public understanding and infrastructure issues could hinder wider adoption.
In other news:
🔥📈 Mid-East tensions escalate as Iran strikes Israel, prompting investors to seek gold over Bitcoin, calling into question BTC's hedge credentials. Despite BTC defying a predicted September slump with an 8% gain, the geopolitical crisis led it to a two-week low while gold surged.
Analysts highlight Bitcoin's unreliability during geopolitical crises, but Bitcoin faithfuls emphasize its long-term hedge potential compared to gold.
🚨💻 North Korean IT workers have successfully infiltrated major crypto firms like Fantom, Injective, and Sushi, using fake IDs and references to secure positions. These workers not only pose significant security risks by potentially compromising companies but also funnel money back to the North Korean regime, believed to make up to $600M annually from such activities.
This alarming development underscores increasing security challenges in the crypto space, accentuated by a staggering $3B stolen in crypto cyberattacks by North Korean hackers between 2017-2023.
🚀🔍 The HBAR Foundation and Canary Capital have launched the first-ever HBAR trust, signaling major strides toward institutional adoption. This initiative could pave the way for an HBAR ETF, placing it in the spotlight alongside SOL and XRP.
Despite current market pressures, HBAR shows hidden bullish signs and increasing interest in derivatives markets, demonstrating promising investor sentiment.
DailyCoin Daily Meme
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