Binance announced that it has been approved by the Central Bank of Brazil to acquire local licensed broker Sim;paul, becoming the first crypto exchange to obtain a broker license in Brazil. This is Binance's 21st compliance license worldwide.
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Despite the decline in Bitcoin price, the average Short-Term Holder continues to hold an unrealized profit (paper gain) of +7.9%. Currently, their aggregate cost-basis resides at a value of $86.8k, marking this as a key region of interest for local price momentum.
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BULLISH FOR #ALTCOINS!š
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