De Nederlandsche Bank cannot share details of Binance’s registration failings in the country due to the confidentiality requirements of its supervisory laws. The details behind Binance’s failed efforts to register for a virtual asset service provider (VASP) license in the Netherlands remain unclear due to the confidentiality requirements of the Dutch central bank’s supervisory laws.…
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Britain’s financial regulator has approved a request by Binance to cancel its regulatory permissions in the United Kingdom. The move comes as the world’s leading cryptocurrency exchange takes steps to focus on fewer European markets amid increased scrutiny from regulators and ahead of Europe’s new crypto rules. Binance No Longer Authorized to Provide Regulated Activities…
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Binance hopes to enable smooth BTC deposits and withdrawals while tackling network congestion issues. On June 20, cryptocurrency exchange Binance announced that it had commenced operating nodes on the Bitcoin Lightning Network as a crucial step toward integrating it for deposits and withdrawals. In a tweet, Binance acknowledged users who noticed their new Lightning nodes…
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A Reddit post shows “Binance Ltd” as well as some 2,400 other companies, use a small Suffolk Building as a registered office address in the UK. In a Monday post on the r/Buttcoin subreddit, user solanawhale shared the address of a so-called “utility closet” that a firm called Binance Ltd uses as a registered office address in…
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Crypto giant Binance has issued a cease and desist notice against Binance Nigeria Limited, a “scam entity.” purporting to be associated with Binance. On June 9, the Nigerian Securities and Exchange Commission (SEC) ordered Binance to halt its operations of the local entity in the African country. The SEC said in its circular that the…
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The Binance-founded blockchain has introduced a new layer-2 chain opBNB, though some suggest there are other ways to scale the network. Binance-founded layer-1 blockchain BNB Chain has introduced a new layer-2 chain that it hopes will address its “scalability challenge.” On June 19, BNB Chain unveiled opBNB, which has launched as a testnet. The new…
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Binance crypto exchange is working to enable the Bitcoin Lightning Network, designed to make Bitcoin (BTC) transactions faster and cheaper. “Binance is working to integrate the Bitcoin Lightning Network for deposits and withdrawals,” the world’s largest cryptocurrency exchange said in a Tuesday tweet. … Read More: Binance Working on Bitcoin Lightning Network Integration for Deposits and Withdrawals Read more »Sign…
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U.S. stock markets hit year-to-date highs, the Fed paused rate hikes, and Binance.US and the SEC reached an agreement, but data shows Bitcoin bulls remain somewhat skittish. After a momentary retest of the $25,000 support on June 15, Bitcoin gained 6.5% as bulls successfully defended the $26,300 level. Despite this, the general sentiment remains slightly bearish…
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Binance has denied claims it’s been using a small building shared with thousands of other companies as its registered office in the U.K. Disclaimer: This article has been updated following clarification from Binance that it was not affiliated with the firm. On June 19, a post on the r/buttcoin subreddit showed a so-called “utility closet”…
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Despite the decline in stablecoins due to substantial redemptions, particularly from projects like USDC, DAI, and BUSD, the project TUSD has experienced a notable surge in its supply. TUSD has added more than a billion dollars’ worth of tokens to its existing supply. As of the present moment, the market capitalization of TUSD stands at…
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