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Binance.US says it is suspending taking U.S. dollar deposits and warning customers that they could halt USD withdrawals as early as June 13th. It comes after the SEC brought litigation against the crypto exchange. Yahoo Finance crypto reporter David Hollerith breaks down how the crypto industry is reacting.
In trading, timing is everything and it appears that some traders put in well-timed sell orders for BNB, ahead of the massive SEC crackdown against crypto exchange Binance on June 5.
The move is a “culmination of over two years of effort,” according to Strike CEO and cofounder Jack Mallers.
Ether.fan NFTs Accrue Rewards And Seed Solo Stakers
In his blog post, Buterin shares that the network needs to address these components simultaneously, otherwise the blockchain fails.
The U.S. Department of Justice charged Russian nationals Alexey Bilyuchenko and Aleksandr Verner with hacking Mt. Gox in 2011, at the time one of the biggest thefts in the crypto industry.
The Aussie dollar has had an extremely bullish week due to the surprising rate hike coming out of the RBA.
Consensus 2023 visitors discussed DeFi's growth, its need to comply with regulations, and the challenges of balancing crypto-native concepts with traditional finance requirements.
The Australian dollar has rallied during the trading session on Friday as we continue to see more of a “risk on” attitude around the world.
Bitcoin recovered above the US$26,000 psychological level after a brief dip, as investors seemingly shrugged at the SEC’s crackdown on Binance and Coinbase. The quick crypto recovery could be a sign of a maturing asset class, industry experts told Forkast.
The delays are impairing the miner's hashrate and bitcoin production.
Bitcoin rose and Ether fell, while most top 10 cryptos inched up following the U.S. SEC’s lawsuits against Binance and Coinbase.
The U.S. affiliate of [global crypto exchange Binance](https://www.wsj.com/articles/how-the-binance-ceo-operates-weigh-the-risk-calculate-the-reward-fa427f7f) said it was suspending deposits of U.S. dollars and encouraging users to withdraw their cash, after its banking partners signaled they would cut business as early as Tuesday.
Buterin said the new donation would work toward reducing the long-term impact of coronavirus.
The exchange says users should withdraw USD as soon as possible as the Securities and Exchange Commission engages in "extremely aggressive and intimidating tactics" against the company.
The U.S. dollar edged higher in early European trade Friday, rebounding after the previous session’s sharp losses as traders sought out a safe haven after weak Chinese inflation data. At 02:55 ET (06:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 103.358, having lost more than 0.7% in the previous session, its largest daily decline in weeks.
Bitcoin fails to break US$27,000 ceiling. Binance’s BNB gained 2%, even as latest SEC filing alleges customer funds were moved to private accounts, a charge Binance rejected.
Investing.com -- Most Asian currencies retreated on Friday as weak Chinese inflation data pushed up concerns over slowing growth in Asia’s largest economy, while the dollar steadied after steep overnight losses as a Federal Reserve meeting loomed.
Cryptocurrency custody firm BitGo is seeking to buy Prime Trust, another crypto custody specialist regulated in the state of Nevada, according to a person familiar with the matter.
Cryptocurrency exchange Kraken has officially launched its NFT marketplace out of beta testing, supporting over 250 NFTs across the Ethereum, Solana and Polygon blockchains.
O’Leary criticized Coinbase leadership for “butting heads” with the SEC — which on Tuesday sued the cryptocurrency exchange for acting as an exchange, a broker, and a clearing agency without registering.
Consensus 2023 guests highlighted their concerns over 'decentralization theater' in DeFi projects, emphasizing the importance of genuine decentralization in the development of the Web3 ecosystem
The Aussie dollar has rallied again during the trading session on Thursday as we continue to threaten the 0.67 level.
The partnership, scheduled to go live June 12, will offer greater DeFi and Web3 Access to builder and institutional investors.
The governance proposal for the crvUSD minting was passed early on Thursday.