• Binance Australia reported disrupted banking services due to a payment provider cutting off its service.
• UK lawmakers suggested cryptocurrencies should be regulated as gambling, given the potential for fraud and consumer risk.
• Coinbase opened its zero-fee subscription service Coinbase One, which is now available in four countries.
Binance Australia Banking Disrupted
The Australian arm of Binance, one of the largest cryptocurrency exchanges in the world, has announced that some customers will be unable to deposit or withdraw money after a third-party service provider cut off its service.
Cryptocurrencies Should Be Regulated As Gambling
A panel of UK lawmakers have released a report suggesting that Bitcoin, ether, and other cryptocurrencies should be regulated as gambling due to their potential use by fraudsters and associated risks to consumers.
Coinbase Launches Subscription Service
Coinbase announced it has taken its zero-fee subscription service Coinbase One out of beta testing and expanded it from just the U.S. to also include the U.K., Germany, and Ireland. The monthly fee is $29.99 per month with no trading fees and higher staking rewards for customers using this service.
The Bitcoin-Dollar pair dove 2.3% in the last session according to Stochastic indicator which currently signalling a positive market sentiment with support at 26286.3333 and resistance at 28080.3333 .
Daily Economic Calendar
Today’s economic calendar includes US Baker Hughes US Oil Rig Count at 17:00 GMT, Germany’s Producer Price Index at 06:00 GMT, Japan’s Tertiary Industry Index at 04:30 GMT .