Tag: Binance

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Ripple CEO Brad Garlinghouse: SEC ‘Weaponized the Lack of Regulatory Clarity,’ Threw ‘an Entire Industry Into Chaos’

June 16, 2023

Ripple CEO Brad Garlinghouse has criticized the role that the U.S. Securities and Exchange Commission (SEC) decided to assume against the cryptocurrency industry. After the release of the Hinman docs, which explain the internal discussions of the institution before the now famous Hinman speech, Garlinghouse stated that the SEC “weaponized the lack of regulatory clarity,”…
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Binance Seeks to Deregister Cyprus Entity Amid Upcoming EU MiCA Rules

June 15, 2023

Binance, the world’s largest crypto exchange by trading volume, is seeking to delist itself from the register of authorized crypto asset service providers (CASPs) in Cyprus in order to focus its efforts on complying with the EU’s Markets in Crypto-Assets (MiCA) regulation…. Read More: Binance Seeks to Deregister Cyprus Entity Amid Upcoming EU MiCA Rules…
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SEC Crackdown on Crypto: Harsh Realization or Necessary Clarity?

June 15, 2023

The cryptocurrency industry has been under huge pressure since the price of Bitcoin plunged from its all-time high of $69,000 in late 2021.  A string of alleged frauds, financial contagions, and security breaches, along with the collapse of some high-profile trading and lending platforms, has led to the loss of around $2 trillion in value across the digital asset market….…
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Bitcoin-Based Strike Debuts Lightning Network Cross-Border Payments in Mexico – Crypto Adoption on the Rise

June 15, 2023

Bitcoin payments firm Strike has extended the reach of its cross-border payments service to Mexico, as the company aims to leverage the country’s expansive remittances market. As of June 14, 2023, the company has introduced its ‘Send Globally’ service to the third-largest country in Latin America. The service allows users to send funds internationally, providing…
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Binance launches Bitcoin mining cloud services amid SEC crackdown in the US

June 15, 2023

Crypto exchange Binance is currently selling 1 Terahash per second (Th/s) at $10.7280, which is split between the hashrate and electricity costs at $1.17 and $9.558 respectively. Crypto exchange Binance announced the launch of new subscription-based could mining products dedicated to Bitcoin (BTC) mining.  Starting June 15, users that are interested in Bitcoin mining but…
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Judge Postpones Asset Freeze as Binance US and SEC Agree to Work on Deal

June 15, 2023

A judge in Washington decided to give Binance US and the Securities and Exchange Commission (SEC) time to work out a deal to avoid the freezing of the exchange’s assets. The two sides are close to an agreement that will protect customer funds without paralyzing the crypto trading platform. Crypto Exchange Binance US and SEC…
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Why is the BNB price up today?

June 14, 2023

BNB’s price has rebounded more than 10% from its six-month low of $220 as short traders were squeezed alongside rising open interest. The price of BNB was up over 3% on June 14, in part due to bearish traders opening more BNB-tied contracts despite suffering losses via liquidations in the previous 24 hours. In addition,…
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Today in Crypto: Fed Keeps Rate Unchanged, Strike Goes to Mexico, Binance and SEC to Negotiate on Asset Freeze, Arbitrage Bot Profits $3 + More News

June 14, 2023

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Fed Keeps Rate Unchanged, Strike Goes to Mexico, Binance and SEC to Negotiate on Asset Freeze, Arbitrage Bot Profits $3 + More News  Read more »Sign up for…
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Here’s what happened in crypto today

June 14, 2023

Crypto prices have yet to react to the Fed decision to temporarily halt rate hikes, meanwhile, the S&P 500 steamrolled to a new 13-month high. The crypto market remains volatile after the June 14 Federal Open Market Committee (FOMC) announcement and presser with Fed Chairman Jerome Powell revealed that the central bank would pause rate…
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Binance.US and SEC Working on a Deal to Avoid Total Asset Freeze – Here’s What You Need to Know

June 14, 2023

Binance.US and the US Securities and Exchange Commission are trying to reach a solution in order to avoid a total asset freeze. According to a report from Bloomberg, US District Judge Amy Berman Jackson announced Tuesday that the two sides “aren’t that far apart” on ways to protect billions of dollars in customer funds without…
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