Binance, one of the largest U.S. crypto exchanges, has been in the news a lot over the past week. The company has been facing intense scrutiny from regulators, and has had to make some changes to its business lines and regions. This week, Binance cut ties with five sanctioned Russian banks listed on its peer-to-peer […]
Binance, the world’s largest cryptocurrency exchange, has devised a strategy to retain its Belgian market following a suspension order by Belgium’s financial market regulator in June. The exchange has redirected all its Belgian users to its Polish branch, which is a registered virtual assets service provider (VASP) in the European Economic Area (EEA). Customers may […]
Binance, the world’s largest cryptocurrency exchange, held its first Community Meetup in Yerevan, Armenia. The event comes amid reports that the crypto giant is considering an exit from Russia due to regulatory pressures from the United States and Europe. Vladimir Smerkis, the General Manager and regional director of Binance in Russia and the CIS countries, […]
Backed, a Zurich-based company, has announced its integration of the BNB Smart Chain (BSC) into its token issuance framework. This framework enables the tokenization of off-chain assets such as treasury-based ETFs and stocks, and is compliant with Swiss blockchain regulations. The BNB Chain offers a large and active smart contract user base, reduced transaction fees, […]
The US and EU have imposed sanctions on Russia after it invaded Ukraine last year, banning the acquisition, import, or transfer of coal and other solid fossil fuels. Digital Currency Group (DCG) is now moving towards resolving the financial challenges of its crypto lending subsidiary, Genesis. An in-principle agreement has been reached which could lead […]
The European Union has recently seen the launch of the first-ever spot Bitcoin ETF, issued by London-based Jacobi Asset Management. This fund has been classified as an Article 8 fund, which are those that “promote environmental and/or social characteristics”. The ETF is called Jacobi FT Wilshire Bitcoin ETF and it was launched on the Euronext […]
Cryptocurrency exchange Binance may be considering withdrawing its services from Russia due to sanctions from countries including the United States. A Binance spokesperson said the exchange was considering all options, including a full exit. Binance has already removed certain sanctioned Russian financial institutions from available payment options on its P2P platform and added fiat currency […]
Supra, a leading blockchain organization providing oracle and VRF (Verifiable Random Function) services, has announced the creation of HyperNova – its new bridgeless technology that facilitates cross-chain communication directly via layer one consensus. This groundbreaking new methodology eliminates the need for a centralized bridge, making blockchain connections more secure, reliable and scalable.HyperNova works by using […]
Binance, the world’s largest cryptocurrency exchange, has announced that its users in Belgium will continue to access its services via Binance Poland, its Polish-regulated arm. To access services via Binance Poland, users in Belgium will have to accept the Polish platform’s Terms of Use for Belgian users and may also be asked to resubmit know-your-customer […]
Ceffu, an institutional crypto custodian and partner of Binance, the world’s largest cryptocurrency exchange by trading volume, announced the release of its newest off-exchange settlement solution, MirrorX. This custody solution provides institutional investors with instantaneous access to most of the products available in the Binance ecosystem, including spot, margin and futures trading, without needing to […]
