Australian dollar deposits and withdrawals have been impacted due to a decision made by its third-party provider, it said in an announcement. Cryptocurrency exchange Binance Australia has informed users it has suspended Australian dollar services as its local payment services provider has seemingly stopped support for the exchange. On May 18, Binance Australia tweeted that…
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The third try is a charm for the crypto brokerage, whose assets were almost bought by FTX and Binance.US. Now it’s just handing what it has over to its creditors. Crypto brokerage Voyager’s bankruptcy plan was approved by the United States Bankruptcy Court for the Southern District of New York on May 17, according to…
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Binance, the world’s largest cryptocurrency exchange by trading volume, announced on Friday that it is “proactively withdrawing from the Canadian market.” The company thanked the regulators who worked with them and said that the Canadian market was “small.” Binance Bows Out of Canada Due to Regulatory Guidance The cryptocurrency exchange Binance has decided to withdraw…
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Binance is the latest in a string of departures from CEO Changpeng Zhao’s home country; it promises to keep working with regulators. Binance will withdraw from the Canadian market, the cryptocurrency exchange announced on Twitter on May 12. It called its withdrawal “proactive” as new guidance issued by Canadian regulators continues to take a toll…
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Binance is pulling out of Canada. The world’s largest crypto exchange said on Twitter that it was withdrawing from the country due to new guidance about stablecoins and limits to investors. “We put off this decision as long as we could to explore other reasonable avenues to protect our Canadian users, but it has become…
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Changpeng Zhao is the crypto exchange’s founder, majority owner and chair. He is also the CEO and co-founder of the global crypto exchange, Binance. Crypto exchange Binance.US and its founder Changpeng Zhao (CZ) are reportedly looking for ways to reduce his stake in the firm amid harsh scrutiny from United States federal regulators over the…
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Major crypto exchange Binance has criticized crypto regulations in the US, calling on the country to follow in Europe’s footsteps and provide clearer rules. Speaking at the Financial Times’ Crypto and Digital Assets Summit in London on Wednesday this week, Binance’s Chief Strategy Officer Patrick Hillman took aim at US regulators, saying enforcement of crypto…
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Amid a spike in Bitcoin transaction costs, cryptocurrency exchanges are taking measures to serve their clients properly. Amid the ongoing spike in Bitcoin (BTC) transaction fees, some cryptocurrency exchanges have moved to adjust the cost of withdrawing BTC from their platforms. The United States-based exchange Kraken has increased Bitcoin withdrawal fees to match the current…
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The Terra Luna crash anniversary sparks reflections on the importance of liquidity, transparency and user protection in the crypto industry. On the anniversary of the Terra Luna (LUNA) crash, the cryptocurrency community reflected on the lessons learned from the event that wiped out $40 billion in value and caused Bitcoin to drop from $28,000 to…
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