With its latest suit against Binance, the U.S. SEC has now labeled at least 61 cryptocurrencies as securities, affecting $100 billion worth of tokens on the market.
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With its latest suit against Binance, the U.S. SEC has now labeled at least 61 cryptocurrencies as securities, affecting $100 billion worth of tokens on the market.
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The world’s largest crypto exchange has been hit with an SEC suit that many saw coming, but the details will be studied closely.
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Binance betrayed our interests with its decision to delist privacy coins. In the long run, it may mean that users leave Binance in the dust.
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This week’s Crypto Biz also looks at the crypto industry after FTX collapse, Tether’s Bitcoin mining in Latin America, Tabi’s funding round and Nvidia’s artificial intelligence machines.
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A Binance spokesperson told Cointelegraph that the company forecasted the drop after its decision to end its zero-fee BTC trading but that it’s “not a concern.”
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Binance suspended fiat on- and off-ramps by bank transfers in Australia, as well as trading for Australian dollar (AUD) pairs.
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At a time when USDT is touching new market cap highs, the other stablecoins are struggling to keep their market dominance.
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Binance’s chief strategy officer Patrick Hillmann hinted on Twitter the resource reorganization is meant to address growing regulatory pressures targeting the crypto space.
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It has been reported that Swiss-based FlowBank and Liechtenstein-based Bank Frick have been mentioned as potential intermediaries for this service.
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One Bitcoin can be bought for the equivalent of $22,000 on Binance Australia if paying with Australian dollars. The problem is getting it there.
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