Leading cryptocurrency exchange Binance has announced it’s introducing severe restrictions to its offering for users in Singapore. As of October 26, the exchange will drop fiat deposit and crypto spot trading services, as well as liquid swap channels that let users trade instantly and pool tokens to earn rewards.

China-based Ethereum mining pool SparkPool has announced it is discontinuing its domestic and international mining services. The firm, which launched in 2016, noted it’s shutting down in response to regulatory changes.

Nasdaq-listed cryptocurrency exchange Coinbase is set to start letting its U.S. users deposit percentages of their paychecks directly into the cryptocurrency exchange, in crypto or in fiat currency.

Sponsored: If you’re that esports lover that likes to battle online, there’s no better war ground than 1xBit. “The International: Battle for the Aegis” is a new 1xBit’s tournament to thrill all esports fans.

Top stories in the Crypto Roundup today:

• Binance Drops Fiat Deposit and Spot Crypto Trading Services for Users in Singapore
• Ethereum Mining Pool SparkPool Shuts Down
• Coinbase Starts Letting U.S. Users Deposit Their Paychecks in Crypto
• Uniswap Fees On The Decline
• Sponsored: Who will lift the Aegis of Champions on 1xBit?

Binance Drops Fiat Deposit and Spot Crypto Trading Services for Users in Singapore

Leading cryptocurrency exchange Binance has announced it’s introducing severe restrictions to its offering for users in Singapore. As of October 26, the exchange will drop fiat deposit and crypto spot trading services, as well as liquid swap channels that let users trade instantly and pool tokens to earn rewards.

According to the exchange’s announcement, it recommends affected users cease all related trades and withdraw their tokens by 04:00 UTC October 26. The move comes after Singapore’s central bank announced Binance may be in violation of the country’s Payment Services Act.

In response, Binance eliminated Singapore dollar trading pairs and payment options while attempting to proactively address the concerns of other regulators. Binance’s Singaporean affiliate is awaiting a review of its application to operate in the region.

Ethereum Mining Pool SparkPool Shuts Down

China-based Ethereum mining pool SparkPool has announced it is discontinuing its domestic and international mining services. The firm, which launched in 2016, noted it’s shutting down in response to regulatory changes.

SparkPool has already suspended its services for new mining customers based in China, and will suspend all existing customers by the end of this month. The Etheruem hashrate connected to SparkPool has already dropped, with the move being a result of China’s intensified crackdown on cryptocurrency mining and trading.

Last week the People’s Bank of China (PBoC), China’s central bank, said all cryptocurrency-related activities were illegal in the country.

Coinbase Starts Letting U.S. Users Deposit Their Paychecks in Crypto

Nasdaq-listed cryptocurrency exchange Coinbase is set to start letting its U.S. users deposit percentages of their paychecks directly into the cryptocurrency exchange, in crypto or in fiat currency.

According to a recent announcement, direct deposits address concerns that it is too time consuming to make frequent transfers or transactions and will allow users to invest in cryptocurrency with ease or earn interest on their digital assets. These digital assets can also be used to pay for goods and services with the company’s card, which is adding cryptocurrency cashback for payments in USD.

Coinbase’s new service will be launched in the “coming weeks,” along with improved web applications that will allow the firm’s users to research assets, conduct transactions with ease, and “engage with the broader cryptoeconomy.”

Uniswap Fees on the Decline

User @darksoulsfanlol sought to find out which Uniswap pool is generating the most fees. As we can see above, the .3% fee pools are collecting the most fees by far, particularly when compared to the .005% and the 1% tiers. The .005% tier fared the worst among the three, with just one pool among the all-time best fee-generators.  Overall, the fees Uniswap pools have been collecting appear to be declining.

Who will lift the Aegis of Champions on 1xBit?

If you’re that esports lover that likes to battle online, there’s no better war ground than 1xBit. “The International: Battle for the Aegis” is a new 1xBit’s tournament to thrill all esports fans. 

There’s a grand prize pool of up to 1 BTC, free bets, and bonus points at stake.

To participate in this mega tournament, users must bet on any live or line esports events with 1.5 odds or higher and collect the keys. The bigger your bet is, the more keys you collect.

There are thousands of keys available to claim, however, only 41 of the keys can open the grand treasury of 1 BTC, free bets and bonus points that can be spent in the Promo Code store. There will be 41 prizes for 41 lucky winners. Register, collect keys and be one of those who get:

• 1st place: 200 mBTC (1 winner)
• 2nd place: 100 mBTC (5 winners)
• 3rd place: 50 mBTC (5 winners)
• 4th place: 5 mBTC free bet (5 winners)
• 5th place: 1 mBTC free bet (10 winners)
• 6th place: 5000 bonus points (15 winners)

The International will take place from 17.09.2021 till 17.10.2021 on 1xBit. Hurry now, don’t miss your chance to find the key to your victory!

Here are other things you can also get at 1xBit:

• Large esports collection

Esports like CS:GO, Starcraft II, League of Legends, DOTA 2, and many others are available.

• Huge welcome bonus

Collect all 7 BTC as a Welcome Bonus, offering for 1-4th deposits. Don’t forget to claim a 125% 1st deposit bonus with a promo code COMP125. 

• Wide selection of cryptocurrencies

There are around 30 cryptocurrencies available on 1xBit. Additionally, a multi-currency option enables the use of several cryptocurrencies at the same time. 

• Best odds and live matches

Watch the live streams and support your favourites with the highest odds.

Come and battle for the Aegis on 1xBit.com!

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