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Bitpanda obtains a license in Germany

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Bitpanda has obtained a license to provide cryptocurrency services from German financial markets regulator BaFin. This regulatory approval comes amid increased scrutiny of cryptocurrency companies in the wake of the collapse of FTX, once one of the largest cryptocurrency exchanges by trading volume.

Bitpanda gets approval from BaFin

The German subsidiary of Bitpanda has received the regulatory green light to process crypto transactions for clients based in Germany under a private custody and trading license. The company will not be subject to any passport rules.

While Europe has been operating under a variety of licenses, the one granted by BaFin is quite unique. This license was only Granted Four companies BaFin agrees to provide cryptocurrency custody services.

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Another company that holds a similar license is Coinbase, which is a US-listed public exchange. According to BitPanda, it was the first retail exchange within Europe to obtain the license after fulfilling the requirements.

Besides the recently obtained license in Germany, Bitpanda also holds a license with regulators in Austria and France. Bitpanda plans to expand its white label business. These licenses will allow Bitpanda to expand its operations in Europe and help it secure partnership deals with financial technology companies in Europe.

Commenting on the recently secured license, Bitpanda co-founder and CEO Eric Demuth said that Bitpanda had set high standards and was committed to doing things the right way.

Demuth said,

This principle is embedded in our DNA as a fully regulated investment platform and, in my opinion, is critical to the long-term success of our industry. The security of our customers’ digital assets, as well as those of our white label partners, is our top priority.

Besides operating in Austria, France, and Germany, Bitpanda will also receive regulatory approval in the Czech Republic, Italy, Spain, Sweden, and the United Kingdom. The European Union is set to become a regulated center for cryptocurrencies under the Markets in Crypto Assets (MiCA) regulations. These regulations will help protect European clients who invest in crypto assets.

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The collapse of FTX has eroded confidence in crypto platforms

Despite Bitpanda receiving this approval, there has been scrutiny of how crypto companies operate after they filed for bankruptcy FTX exchange. This year, many crypto companies collapsed in the midst of the bear market, leaving customers counting losses because they could not take their money out of the platforms.

FTX was one of the companies that had a large presence in Europe. The exchange provided services to European Union countries using K-DNA Financial Services Ltd. The latter is an investment firm regulated by the Cyprus Securities and Exchange Commission. The license allowed the exchange to provide services in the wider European Economic Area.

The FTX bankruptcy case has already begun, and will help determine if the exchange has funds it can use to compensate users. The stock exchange has more than a million creditors.

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LUNC/USD achieved another higher price level

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Terra Classic price forecast for today, December 2: LUNC/USD reaches another higher price level

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Terra Classic price forecast for today, December 2: LUNC/USD reaches another higher price level

Terra Classic It is making an impressive upward movement in the market today. Before today, the market overview on the chart depicted a flat market. This flat market reflects a lack of interest among the trader and also indicates a high level of indecision in the market. LUNCUSD previously experienced a strong downward movement in early November, which was also followed by a strong upward movement. However, the bulls failed to hold the price.

Stats for Tera Classic market price:

  • LUNC/USD price now: $0.000183
  • LUNC/USD Market Cap: $1,085,709,379
  • Circulating supply LUNC/USD: 5,980.72 billion
  • Total money supply against USD/USD: 6,873,241,411,025
  • LUNC/USD currency market ranking: #39

key levels

  • Resistance: $0.00020, $0.00025, $0.00030
  • Support: $0.00015, $0.00014, $0.00013

Terra Classic Market Price Analysis: The Indicators View

In today’s trading session, the buyers are putting so much pressure on the market that the price is moving along the path of the November 10 resistance level, which is at $0.0002. This impressive upward move took the price above the 20-day moving average. Also, the general movement of the Bollinger Bands (which is a bearish movement) is changing. However, the concern is whether the bull market can sustain this trend and sustain the bullish price. This is because the trade volume is not that much when compared to the upward movement of the market today. Such moves usually lead to exhaustion on the part of the buyers. Finally, after exhaustion, a downward movement will follow.

Terra Classic price forecast for today, December 2: LUNC/USD reaches another higher price level

LUNC/USD 4-hour chart forecast

The market from the standpoint of the 4-hour chart is showing a lack of interest for traders as most of the candlestick patterns are 4-price dojis. The market also has low trading volume. With these challenges, it may be difficult for the bulls to maintain the trend.

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LUNCUSD market may not be able to sustain an upward trend with low trade volume. But this is not the case with Dash 2 Trading. This new project has been doing great since it was in pre-sale. D2T The pre-sale of the token is still available, and it brought in close to $8 million. Dash 2 Trading (D2Tis a unified analytics platform with market-beating intelligence and features to take your trading experience to the next level. Additional team members included, pre-sale dashboard beta launched.

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NFT Steez and Victor Solomon talk about building in Web3 and the Metaverse

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On December 2, NFT Steez hosts Alyssa Exposito and Ray Salmond Chatted With Victor Solomon to discuss his journey incorporating his real-world artwork into NFTs and how he is nurturing the community and culture surrounding them.

Solomon’s work centers around basketball, not just the thing, but the sport itself. For Solomon, the inspiration for his work comes from his early childhood when he wanted to play hockey, a sport he didn’t have access to, and his eventual discovery of basketball, which he found more suitable.

Suleiman said:

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“Basketball has been such an inspiring platform for me that there is no barrier to entry.”

Solomon says the open nature of basketball is “an incredible parallel to everything that’s going on in Web3” and throughout the episode he explains the symbiotic relationship he experienced building the VesselVerse, basketball in the Metaverse.

Bridging the gap between real life and digital spaces

When asked about the liberating elements of creating and iterating in Web3, Solomon drew attention to the “energizing” nature of the ability to create things that could not exist in real life, such as “a planet inside a hollow basketball,” but also the process of taking physical elements into digital designs and vehicles.

For Solomon, building a group and community to rally around was second nature. His extensive experience in the traditional art world has given him the same insight and structure on how to release digital collectibles.

Inspired by other NFT projects like Nouns, Solomon’s digital collection, VesselVerse works similarly to his real-life pieces, except for one “ship,” or basketball, that is auctioned off every hour.

Unlike physical installations or display pieces in an exhibition, Solomon noted that Creating Within Web3 provides contributors and collectors a broader, larger say in the direction of the work rather than a one-off experience.

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Related: A Comic-Con expert explains why storytelling is a key component of successful NFT projects

Opening horizons for cooperation within the community

When it comes to Web3 and the Metaverse, one of the key principles in a successful project or ecosystem is the community around it and building alongside it. Describing how “exciting it is to be able to work alongside a growing community,” Solomon allows diverse collectors “an open forum to visit, discuss, and continually study the direction of a project.”

Rather than shy away from considerations of openness to the community, Solomon embraces the decentralized aspects of building and opening up the community in Web3. Suleiman said:

“What attracts me as a founder is opening up this opportunity for everyone to have a voice.”

For Solomon, the juxtaposition of Web2 and Web3 has brought about what he considers a “huge opening”. As he describes, the collaborative nature and “community spirit” was not something he was able to experience and “animate” in his physical work.

Solomon’s biggest challenge currently is re-educating a part of the ecosystem that may have had bad experiences in the crypto and NFT market. However, Solomon suggests that the adversity is worth enduring because the promise of Web3 is so much greater than any given negative experience.

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To hear more of the conversation, tune in and Listen Tune in to the full episode of NFT Steez and be sure to mark your calendar for the next episode on December 16 at 12 PM ET.