Binance Lifts Block on Bitcoin Withdrawals After Processing Fees Surge
Binance, the world's largest cryptocurrency exchange, halted Bitcoin withdrawals due to heavy volumes and a surge in processing fees. It raised fees to clear the backlog of transactions and denied large outflows from the platform. The incident highlights the volatility and unpredictability of the cryptocurrency market.
Ukraine and US Bring Cryptocurrency Exchanges to a Halt
Ukrainian law enforcement, with US support, shut down nine cryptocurrency exchanges accused of laundering criminal proceeds from ransomware attacks and fraud schemes. The operation highlights the need for international cooperation to combat cybercrime and money laundering in the growing crypto industry.
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.
Polygon partners with Google Cloud as Filecoin breaks into cloud market
Two blockchain initiatives have revealed their significant endeavors in cloud computing.
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 Basics of Bitcoins and Blockchains: A Comprehensive Guide for Beginners
Bitcoin is a decentralized digital currency created in 2008, and blockchain is the underlying technology that powers it. Bitcoin's limited supply, decentralized nature, and mining process are its key features. Blockchain is a distributed ledger technology that ensures secure, transparent, and tamper-proof transactions. Consensus mechanisms, smart contracts, and decentralized finance (DeFi) are also discussed. Bitcoin and blockchain technology have the potential to revolutionize various industries as they continue to evolve.
How WikiBit has Changed the Way Investors Approach the Crypto Market?
WikiBit is an innovative platform that provides investors with real-time data, analysis, and insights about the cryptocurrency market, making it easier for them to navigate the volatile market. With risk management tools, real-time market data, insightful market analysis, and a user-friendly interface, investors can make informed decisions about when to buy, sell or hold their digital assets.
Binance's CZ To Participate In The 2023 Hong Kong Web3 Carnival Online
Binance CEO Changpeng Zhao, also known as CZ, will speak at the 2023 Hong Kong Web3 Carnival, an event for discussing developments in blockchain technology. He will be the final speaker on the first day and talk about "CeFi From Now On." CZ founded Binance in 2017, growing it into a multibillion-dollar company with over 10 million clients worldwide. The event is an opportunity for information exchange and commercial cooperation in the blockchain industry.
Paxful, a Peer-to-Peer Bitcoin Marketplace, Ceases Operations
P2P bitcoin exchange Paxful is closing its marketplace, citing legal difficulties in the P2P market and in the US. The CEO also expressed concern about the security of client money due to a lawsuit brought by a co-founder. The Paxful Wallet will continue to function, but customers are urged to switch to self-custody or other service providers.
FTX EU LTD Begins Fund Return Process, Subject to Anti-Money Laundering Checks
The Cyprus Securities and Exchange Commission (CySEC) has approved FTX EU LTD's plan to return funds to its customers, following the failed cryptocurrency exchange FTX's bankruptcy. Customers can request their balances and initiate withdrawals, but will need to go through anti-money laundering checks.
Latest News
No data