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“# Uncertainty prevails as December 2021 Bitcoin futures show an inverted pattern ” It’s not yet known whether Binance’s recent news of being temporarily suspended from the U.K.’s financial system is the main driver behind today’s Bitcoin (BTC) price drop. As Cointelegraph reported, the exchange sent emails to affected customers but has not given any details….
“# Binance reportedly halts pounds sterling withdrawal for UK customers again ” Binance customers in the United Kingdom are once again left without a fiat currency withdrawal option on Binance. According to Financial News on Tuesday, the crypto exchange giant sent emails to affected customers informing them of the problem. However, the exchange reportedly has…
“# Gemini plans to beat Binance through compliance, aims to become ‘fastest tortoise’ in race ” Gemini exchange co-founder, Cameron Winklevoss, has stated the company expects to overtake the current largest crypto exchange by volume, Binance, predicting its emphasis on compliance will win out as regulators increasingly crack down on unregulated exchanges. As reported by…
“# Binance woes continue as Clear Junction pulls out ” Binance has faced a number of regulatory issues in recent weeks. Payments player Clear Junction has suspended activity with Binance after similar moves from Barclays and Santander. “Clear Junction can confirm that it will no longer be facilitating payments related to Binance,” Clear Junction said in…
“# Immunefi partners with Binance Smart Chain on bug bounties to secure BSC projects ” Immunefi, a security service outfit that specialized in decentralized finance (DeFi) projects, has inked a collaboration with crypto exchange giant Binance. According to a release issued on Friday, Immunefi will work in collaboration with Binance to improve the security of…
“# Binance in the crosshairs: Are regulators paying attention to crypto? ” Is Binance crypto’s new whipping boy? Regulators in the United States, the United Kingdom, Canada, Japan, Thailand and the Cayman Islands have all recently issued warnings and even criminal complaints against the cryptocurrency exchange. Even Poland entered the fray as its financial regulator…
“# Santander’s UK arm follows Barclays in banning payments to Binance ” Spain-based bank Santander’s U.K. business will no longer be allowing its customers to send payments to Binance, citing warnings from the Financial Conduct Authority. Several replies from Santander’s U.K. Twitter help account today said the bank has “decided to prevent payments” to the…
“# Poland financial regulator issues public warning about Binance ” As Binance faces scrutiny from regulators around the globe, Poland’s finance watchdog has issued a consumer warning about the cryptocurrency exchange. On Wednesday, the Polish Financial Supervision Authority (PFSA) published a statement on Binance’s growing regulatory issues around the world, stressing that the company’s operations are not…
“# ‘Compliance is a journey,’ says Binance CEO amid regulatory scrutiny ” Amid intensifying concerns over Binance’s global regulatory issues, the company’s CEO and founder Changpeng Zhao has underscored the exchange’s commitment to cooperating with regulators. In an open letter on Tuesday, Zhao emphasized that the cryptocurrency industry has massively evolved over the past four…
“# BREAKING: Binance suspends euro bank transfers amid regulatory heat ” Regulatory constraints facing Binance have forced the popular cryptocurrency exchange to temporarily halt bank transfers denominated in euros, according to an email sent to its customers on Tuesday. Specifically, euro deposits via the Single Europe Payments Area, or SEPA, have been put on hold…