Binance is also preparing a BNB Chain layer-2 scaling solution to improve network transaction speeds and costs. Separately, the firm announced on June 15 that Binance Pool has launched a “Bitcoin Transaction Accelerator.” The new solution will allow users to confirm their transactions on the Bitcoin network quicker regardless of any potential network congestion issues,...Read More
The authorities of Montenegro reportedly consider extending Do Kwon’s custody in the country for another six months before taking an official decision on his possible extradition. The homeland of Terraform Labs’ co-founder – South Korea – and the world’s biggest economy – the United States of America – have both requested his deportation. The Montenegrin...Read More
In a letter to employees, Binance said it foresees protracted and expensive litigation with the US Securities and Exchange Commission (SEC) and asked Binance.US management to reduce the size of its workforce across the division. The job-cut decision is likely to affect about 50 employees. Job Cuts at Binance.US A Bloomberg report noted that a number...Read More
Amid intense volatility in the crypto market, Bitcoin has once again proven its resilience and adaptability. The leading cryptocurrency has broken above the $26,000 mark, entering what many analysts refer to as the ‘acceleration zone’. This surge in price comes amid a wave of bullish energy sparked by BlackRock’s plan to introduce a Bitcoin Exchange-Traded...Read More
DAI stablecoin, with a circulation of around $4.6 billion, has surpassed BUSD amidst mounting legal troubles for the world’s largest crypto exchange, Binance. The market capitalization of BUSD has declined to $4.3 billion following the regulatory drama that started earlier this year. According to data from CoinMarketcap, BUSD circulation is down over 70% since the...Read More
Changpeng Zhao, alongside another company spokesperson, refuted the recent reports from French media that Binance was under investigation in the country for alleged money laundering. The company’s CEO explained that such “surprise inspections” are the norm in the European country for both banks and now crypto businesses. According to the report from local media Le...Read More
Chancer has entered the fast-paced worlds of blockchain and online betting with an innovative new project that recently launched its presale. The uptake of tokens has been so fast among online betting fans and crypto investors that the first 24 hours of the CHANCER presale raised an impressive $214K. Hoping to raise $15 million during...Read More
The ongoing regulatory enforcement actions are threatening to drive US crypto businesses offshore. The implications of such a shift for the country’s economy are significant, something that has translated into declining crypto prices, making investors even more jittery. While the market’s concerns regarding the potential removal of the US retail investor from the crypto capital...Read More
[PRESS RELEASE – Singapore, Singapore, June 16th, 2023] WIN NFT HERO, a strategy game built on Tron, has been garnering a lot of attention. Following the official launch of the game’s v2.0 and the new HERO system in April 2023, WIN NFT HERO officially launched v2.1 with an open beta test on June 1. Along...Read More
Mounting regulatory scrutiny has crippled the US operations of Binance, elsewhere, the crypto giant is encountering problems in securing a license as well. In the major roadblock to its global expansion plans, Binance announced exiting the Netherlands after failing to secure a virtual asset service provider (VASP) license with the Dutch regulator. Announcing its departure...Read More
In an unexpected development, Binance, a global leader in cryptocurrency exchanges, has declared its departure from the Netherlands. This decision emerges during a challenging time for the company, as it grapples with a lawsuit from the U.S. Securities and Exchange Commission (SEC) and the unsuccessful attempt to obtain a Virtual Asset Service Provider (VASP) license...Read More
Based in California, the OKX-affiliated crypto exchange OKCoin USA Inc. has received a letter from the FDIC urging it to stop using the agency’s name to bolster its legitimacy or else. Potential FDIA Violation The letter, addressed to OKCoin CEO Hong Fang, warned the exchange that it is in potential violation of Section 18(a)(4) of...Read More
Billionaire tech investor Mark Cuban fought a lengthy Twitter debate with former Securities and Exchange Commission (SEC) official John Reed Stark – a crypto skeptic who believes the promise of blockchain has “long since faded.” While Cuban objected to his core arguments about the potential of the industry and the SEC’s role in it, he...Read More
The $10 trillion asset management giant BlackRock filed with the Securities and Exchange Commission (SEC) to launch a Bitcoin Spot ETF on Thursday – a product yet to see life within the United States. BlackRock plans to partner with Coinbase to provide custody for the Bitcoin backing the funds, as with its Bitcoin trading service...Read More
(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) Last week, I caught up with my favourite OG volatility fund manager named David Dredge and a few of...Read More
