Binance, one of the leading cryptocurrency exchanges in the world, has announced the completion of the integration of the Bitcoin Lightning Network onto its platform. This integration allows Binance users to utilize the layer-2 scaling solution for Bitcoin withdrawals and deposits, providing them with faster and cheaper transactions.
Binance Faces Executive Departures Amid Mounting Legal Pressure
Binance, one of the world’s largest cryptocurrency exchanges, is facing significant challenges as it grapples with legal pressure from regulators in various countries. The company recently announced the departure of several top executives, including Chief Strategy Officer Patrick Hillmann,
Binance Faces Regulatory Challenges: Quits Netherlands and Investigated in France Amidst Growing Global Scrutiny
Binance, the world’s largest cryptocurrency exchange, is facing multiple setbacks as it announces its exit from the Netherlands and comes under investigation by French prosecutors. These developments add to the mounting problems the company is already facing in the United States.
Binance’s US Arm Struggles to Find a Banking Partner
Binance, one of the world’s largest cryptocurrency exchanges, is facing yet another hurdle in the United States. The company’s US arm is reportedly struggling to find a bank that will handle its customers’ cash after the failure of two crypto-friendly banks.
Paxos to Halt Binance USD Minting at NYDFS’s Request Amid Regulatory Uncertainty
Paxos, a stablecoin issuer, has announced that it will stop producing new Binance USD (BUSD) tokens following the request of the New York Department of Financial Services (NYDFS).
An overview of the FTX crisis. The price of cryptocurrencies plummeted
FTX’s fall is causing a big shake in the crypto market pushing the price of BTC down to below $16k/BTC, a new 2-year low. The…
