Binance Set to Begin Operations in Japan with Rebranded Sakura Exchange BitCoin
Binance is set to launch operations in Japan as Binance Japan, following its acquisition of Sakura Exchange BitCoin. Despite regulatory hurdles, the company's strategic expansion focuses on compliance, diversified offerings, education, and corporate social responsibility.
Coinbase Takes Bold Legal Action Against SEC: A Battle for Crypto Regulatory Clarity
Coinbase has filed a lawsuit against the US SEC over regulatory ambiguity in the crypto industry, following the SEC's July 2022 Petition. The legal action challenges the SEC's classification of digital assets as securities and its interpretation of the Howey Test. The outcome will significantly impact the future of digital assets, highlighting the need for clear regulations and cooperation between the crypto industry and the SEC.
The Grand Bazaar in Istanbul Now Allows Payments in Bitcoin
As the Turkish lira continues to depreciate, merchants in Istanbul's Grand Bazaar are now accepting Bitcoin (BTC) and Tether (USDT) as payment. Strict financial regulations and high premiums for acquiring US dollars have revived the bazaar as a hub for exchange, leading to a new parallel exchange rate for the lira. Demand for cryptocurrencies is growing in Turkey as a means of circumventing financial regulations and inflation.
Visa and Mastercard Delay Cryptocurrency Partnerships Amid Regulatory Uncertainty
American payment processing companies, Visa and Mastercard have delayed launching new partnerships with cryptocurrency firms due to the increased regulatory scrutiny in the industry, caused by a series of high-profile bankruptcies.
Binance And Houbi Freezed Crypto Worth $1.4 Million Linked To North Korea
According to blockchain analytics firm Elliptic, Binance, and Huobi, two prominent cryptocurrency exchanges, have frozen approximately $1.4 million worth of cryptocurrencies linked to North Korea.
Crypto’s Top 5 Wildest Moments of 2022
Several significant occurrences this year have prompted crypto markets to spin and investors to question the industry's trustworthiness.
Tether Purposes to Increase Transparency by Reducing Commercial Paper Holdings
Tether announced that it would reduce its commercial paper portfolio by $5 billion by the end of July as part of ongoing efforts to increase transparency.
Are Stablecoins Really Stable?
The report noted that the USDC has a significant advantage over the USDT regarding the free float supply on the Ethereum blockchain.
Terra Crashed Spectacularly. Here's How It Launched.
It took four years for Terraform labs to grow as big as it did, with key moments along the way.
Do you have the right to redeem your stablecoin?
Spoiler: No, stablecoin issuers do not guarantee the legal right for users to claim fiat currency back.
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