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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.
Funding To Support Medical And Infrastructure Solutions To Combat Airborne Transmission
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.
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.
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.
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.
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 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.
Top blockchain and crypto news: Binance, Coinbase in SEC firing line. Solana NFTs slump as Bitcoin’s surge. New dawn in Hong Kong crypto regulations.
Bitcoin and Ether rose but most top 10 cryptos were unable to escape the gravity of the SEC’s lawsuits against Binance and Coinbase.
Fears Over Fiat Withdrawals Could Be Driving Users To On-chain Assets
The SEC lawsuits against Binance and Coinbase have sent alt coins tumbling. Binance’s BNB lost 15.7% over the past week.