Today, at Abu Dhabi Finance Week, Circle Internet Group Inc. and Binance announced a new partnership to boost the use of USDC, a popular digital dollar. This partnership aims to enhance the global digital assets and financial services ecosystem. Key Points: 1. Expanding USDC Usage: – Binance will make USDC more accessible across its…
Binance.US, the American arm of cryptocurrency exchange Binance, is set to face operational challenges as it announced that customers will no longer be able to utilize U.S. dollars to purchase cryptocurrencies on the platform starting from June 13. The decision comes after Binance’s payment and banking partners expressed their intention to pause USD fiat channels,…
Washington, D.C.: The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Coinbase, the largest cryptocurrency exchange in the United States, accusing the company of operating unlawfully by failing to register with the regulatory agency. This legal action marks the SEC’s second lawsuit in as many days targeting a major cryptocurrency exchange, following…
Binance, the world’s largest cryptocurrency exchange, has appointed Richard Teng as its head of global markets, excluding the United States. Teng will oversee the exchange’s operations and expansion in regions such as Asia, Europe and the Middle East. Teng, who announced his promotion on his LinkedIn profile, joined Binance as CEO of Singapore in August…
Binance, one of the world’s largest cryptocurrency exchanges, has announced the launch of a new platform for its Japanese users to comply with the local regulations. According to a press statement, Binance will discontinue its support for Japanese users on its global platform by Nov. 30, 2023. The exchange said it will gradually restrict the…
Binance, the world’s largest cryptocurrency exchange by trading volume, has suspended Bitcoin withdrawals for the second time in a day, citing a surge in the Bitcoin network gas fee. The exchange announced on Twitter that it has paused “large volumes of pending transactions” and that its team is working to resume Bitcoin withdrawals as soon…