photo 5 Bitcoin slumps below $20,000 as Ethereum climbs 4%

Bitcoin slumps below $20,000 as Ethereum climbs 4%

-Binance is introducing “BUSD Auto-Conversion” to convert user balances and deposits of USD Coin (USDC), Pax Dollar (USDP), and True USD (TUSD) into its own stablecoin.
-The move is intended to enhance liquidity and capital efficiency for users.
-Binance will remove and cease any trading on spot pairs that include USDC, USDP, and TUSD; it will start the conversion on Sept. 29.
-Cryptocurrency critics will gather in London and online this week to get their message across to regulators about the booming but volatile sector.
-A number of governments have expressed concerns over cryptocurrencies.
-Crypto exchanges are now required to notify the UK authorities of any suspected sanctions violations under new regulations introduced in response to concerns that bitcoin and other crypto assets are being used to dodge restrictions imposed in reaction to Russia’s invasion of Ukraine.

photo 5 Bitcoin slumps below $20,000 as Ethereum climbs 4%

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