Binance, Bitcoin & XRP – European Wrap 17 May

Binance’s Financial Crimes Compliance (FCC) department joined forces with Taiwan’s Ministry of Justice and helped resolve a case of money laundering worth NT$200 million, or $6.2 million. Binance, which has been accused in several jurisdictions of not providing enough oversight to fight money laundering, said it has previously worked with law enforcement agencies and aided criminal investigations. 

Bitcoin (BTC) price action in the past two days has confirmed the resumption of the bull run. However, BTC needs to clear a few key hurdles before investors can go all-in. 

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Ripple (XRP) hovers close to $0.51 on Friday, above the psychologically important $0.50 level, as traders await the court ruling of the lawsuit against the US Securities and Exchange Commission (SEC) and amid new commitments from the firm to expand its services in Africa. 

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