Crypto exchange Binance has replaced the names of cards issued by Russian banks with colors, Russian media revealed amid reports of a U.S. investigation into potential sanctions violations. The changes concern the ruble exchange feature on Binance’s peer-to-peer platform. Russian Traders on Binance Offered ‘Green’ and ‘Yellow’ Cards as Payment Options Binance, the world’s largest…
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Binance has ended its relationship with five Russian banks under sanctions on the exchange’s peer-to-peer service for ruble fund transfers. Binance received criticism from The Wall Street Journal (WSJ) on August 22 for offering sanctioned Russian banks like Tinkoff and Rosbank as transfer options. This raised concerns about potential sanctions violations, as Binance seemed to…
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This week’s Crypto Biz explores the latest on Binance’s global on-ramps and off-ramps, Coinbase-Circle re-alignment, Shopify’s take on USDC and China’s blockchain data exchange. Global regulatory landscapes are once again proving to be a turning point for crypto companies, demanding constant adaptation to navigate shallow regulatory waters across the world, particularly in the United States.…
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Mastercard and crypto exchange Binance are ending their partnership for crypto cards. According to the payment giant, the decision will affect all four of Mastercard’s co-branded crypto card programs with Binance in Argentina, Brazil, Colombia, and Bahrain. Partnership Between Mastercard and Binance Ending Mastercard and cryptocurrency exchange Binance are ending their partnership for crypto cards,…
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The crypto exchange removed its “yellow” and “green” codewords from its list of payment methods, which previously referred to sanctioned Russian banks. Crypto exchange Binance has removed “yellow” and “green” payment options from its peer-to-peer (P2P) service after being criticized for using these code words to represent sanctioned Russian banks, Cointelegraph confirmed on Aug. 25.…
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In the wake of the meme token’s meteoric ascent, pepe (PEPE) has plummeted by over 17% in the last 24 hours. Buzz on social media suggests a significant amount of funds held by the development team are being transferred to exchanges. Moreover, alterations have been made to the team’s multi-signature wallet. Meme Token PEPE Tumbles:…
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Visa also reportedly stopped issuing new co-branded cryptocurrency cards with Binance in Europe as of July. Global payment giant Mastercard is reportedly ending its cryptocurrency card partnership with Binance crypto exchange next month, according to a Bloomberg report. The report didn’t divulge the reason for the change, but implied it might be due to increased…
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Solana continued to trade higher during Tuesday’s session, following a recent breakout below a support point of $20.00. Momentum in the market has begun to gradually pick up in recent days, ahead of Friday’s Federal Reserve Jackson Hole annual meeting. BNB remained in the green. Solana (SOL) Solana was one of Thursday’s notable movers, as…
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The major crypto exchange Binance has launched its crypto payments processor Binance Pay in Brazil, aiming to streamline crypto payments for local merchants, an announcement from Binance said. Compared with traditional payments processors, Binance Pay offers faster transactions speeds and lower costs, as well as offering the ability to pay with over 70 cryptocurrencies…. Read…
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BNB was one of Wednesday’s biggest movers, as the token rebounded from a recent one-year low. The price decline came as crypto exchange Binance came under scrutiny for allegedly assisting sanctioned Russian clients in moving funds abroad. Shiba inu also rose, following recent losses. BNB BNB, the native token of cryptocurrency exchange Binance, rose by…
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