A story sharing exclusive info about Binance’s operations and its participation with authorities was published in the Wall Street Journal on Sunday, March 5, 2019. According to a report from WSJ, cryptocurrency exchange firm Binance expressed interest in employing Gary Gensler as a consultant several years before he was appointed chairman of the SEC in the … Read more
According to the trading company, the initiative, labeled as the next breakthrough in its effort to protect its consumers, will begin in Hong Kong, a well-known region for its openness to various crypto developments. In this release, Binance discusses how fraudulent cryptocurrency activities have progressed. The exchange claimed (1) that even though its systems are … Read more
In response to concerns raised by a bank that specializes in digital assets over the long-term viability of the Silvergate Exchange Network (SEN), Silvergate Capital has decided to shut down the Platform. One of the bank’s most popular services is SEN, a platform for making crypto payments. The program allowed investors and cryptocurrency exchanges to … Read more
Miners of cryptocurrencies are currently the focus of scrutiny from lawmakers in the United States. The efforts of U.S. Sen. Edward Markey and U.S. Rep. Jared Huffman have resulted in the reversal of a crypto mining bill that would have required greater disclosure of information regarding emissions of greenhouse gases. A session on the ecological … Read more
Xapo Bank recently announced that it has begun using the Lightning Network and has entered into a relationship with Lightspark. Because of this agreement, the organization will become the first private bank to be licensed to take Lightning payments. Users of Xapo Bank now have the ability, as stated (1) in a press release, to … Read more
It is anticipated that the ongoing legal conflict between the United States SEC and Ripple will ultimately come to a conclusion in the year 2023. The investigation into the case started in December 2020, and it concerned the payment procedure as well as two of its executives named, Christian Larsen and Bradley Garlinghouse. According to … Read more
Block Inc., the American global payments company, has recently announced (1) the foundation of a new subsidiary that will be known as C=. This move was made in an effort to drive the general usage of the Lightning Network. Despite the fact that it was not the original creator of the Lightning Network, Block has … Read more
Bitso, the leading cryptocurrency exchange in Latin America, has recently launched (1) a crypto debit card for consumers in Mexico in collaboration with Mastercard. ¡Llegó el día! ¡Anunciamos la llegada de la #BitsoCard a México! 🇲🇽🚀 💳 Bitso Card es una tarjeta con la que podrás utilizar los MXN de tu wallet para pagar el … Read more
HSBC and Nationwide are moving to ban the use of credit cards for purchases of cryptocurrencies, which comes amid growing regulatory scrutiny of cryptocurrencies in the UK. The newest banks to take action in response to recent warnings issued by the United Kingdom (UK) regarding the cryptocurrency business are Nationwide Building Society and HSBC Holdings. … Read more
The Moscow Credit Bank in Russia is responsible for the most recent noteworthy event: issuing a blockchain-based promissory note denominated in Chinese yuan. According to the current exchange rate, this service is the first of its kind to be offered anywhere in the country and comes with a bank guarantee of more than 100 million … Read more