Binance CEO previously said that crypto exchanges must comply with sanctions in a similar way to traditional financial institutions. Binance, the world’s largest cryptocurrency exchange by volume, is adopting major restrictions on users in Russia following the European Union’s fifth package of sanctions against Russia. Binance officially announced Thursday new limitations for Russian nationals or…
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Blizzard, a game studio and part of the Activision-Blizzard company, has started polling some gamers about the use of NFTs and cryptocurrency elements. The survey, which was only directed to some of its players, raised rumors about the possibility of the company introducing some of these elements into its games. However, Mike Ybarra, head of…
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The major crypto exchange Coinbase has teamed up with 0x Protocol (ZRX) to power its new social media-inspired non-fungible token (NFT) marketplace. The news triggered a massive jump in the price of 0x’s native token ZRX. As of Thursday at 09:45 UTC, ZRX, ranked 103rd by market capitalization on CoinGecko, was trading at USD…
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Storm clouds are slowly fading for Grayscale and its embattled Bitcoin institutional investment product, while frustration with U.S. regulators continues to mount. Things are looking up for the United States’ largest institutional Bitcoin (BTC) product by asset holdings. Data from on-chain monitoring resource Coinglass confirms that as of April 21, the Grayscale Bitcoin Trust (GBTC)…
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Cryptocurrencies have been proven to be a financial tool that can be used to store value or make payments by those excluded from the financial system. Yet, despite this being true in many jurisdictions, many of those that might benefit from cryptocurrencies are still not using them. Regulatory Uncertainty and Ignorance There may be several…
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On April 20, which also coincidentally marked the birthday of Adolf Hitler, Binance unveiled and shortly after took down its new Twitter emoji due to its resemblance to a swastika. In now-deleted tweets, both the official Twitter account of Binance and the account of the company’s CEO Changpeng Zhao (CZ) shared the new emoji…
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Binance made a public apology after releasing an emoji that looked like a swastika on Twitter. Binance, the world’s largest cryptocurrency exchange, released a new Binance Emoji on Twitter that users noticed bore a striking resemblance to a swastika. On Wednesday morning, Binance CEO, Changpeng Zhao (CZ) retweeted Binance’s original post, adding “#binance” to show…
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The Swiss firm will conduct all interactions with the Liquity smart contract on its clients’ behalf but only a select few with over $500,000 on the platform will have access to the product. Bitcoin Suisse has begun offering decentralized finance (DeFi) services to its clients with the addition of the Liquity protocol to its product…
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While the total value locked (TVL) in decentralized finance (defi) hovers just above the $214 billion mark, a defi protocol called Lido has been moving closer toward taking Curve’s top spot in terms of TVL in a defi protocol. Currently, the liquid staking solution Lido has $19.2 billion in staking assets derived from five different…
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AUSTRAC also urged financial institutions from debanking clients who may be engaged in suspicious account activity, as a mistake could be costly to “Australia’s economy.” Australian financial compliance enforcement agency AUSTRAC has released two new guides to help entities to spot when customers are using crypto for illicit means, or when they are being forced…
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