In a recent revelation, Brian Armstrong, the CEO of Coinbase, the largest cryptocurrency exchange in America, disclosed that the company was asked by the Securities and Exchange Commission (SEC) to halt trading on all cryptocurrencies except for Bitcoin before facing a lawsuit in June. Armstrong claimed that complying with this request would have been catastrophic for the entire crypto industry in the United States.
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, 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.
In a turn of events for the crypto market, Bitcoin experienced a decline on Wednesday, marking its first down month of the year. The optimism that had fueled a rally surrounding the debt ceiling began to fizzle, causing the leading cryptocurrency to lose 2.77% and trade at $27,057.81, according to Coin Metrics. Ether, the second-largest cryptocurrency by market capitalization, also slipped 2.2% to $1,865.82.
Hotbit, a Shanghai-based cryptocurrency exchange, has recently made a surprising announcement that it will be ceasing all operations starting May 22. The decision comes as the platform believes that centralized exchanges are “becoming increasingly cumbersome” and are unlikely to meet long-term trends in the crypto industry.
The European Union (EU) Parliament has taken a significant step towards regulating cryptocurrencies by approving new crypto licensing and transfer of funds rules.
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.
Cryptocurrencies and blockchain technology have taken the world by storm in recent years. This innovative technology has brought with it a whole new language of technical terms that can be confusing to newcomers. In this article, we will explain the most popular technical terms in the world of crypto.
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).
Polygon has published a report summarizing its achievements in and presenting expectations as well as projections for 2023.