Binance plans to swap 750 million of token pairs to ensure liquidity
Written by on July 24, 2023
LONDON, July 19 (Reuters) – French bank Societe Generale has become the first company in France to obtain a license for crypto services, as a growing number of mainstream financial companies embrace crypto globally this year.
Leading crypto asset bitcoin dipped 0.2% to $26,648 after crypto exchange Binance said it was suspending dollar deposits and would soon pause fiat currency withdrawal channels following a U.S.
Securities and Exchange Commission crackdown.
The bank said it would also from Thursday hold certain payments to crypto exchanges for 24 hours and soon introduce a monthly A$10,000 ($6,666) transfer limit to crypto exchanges.
The CBA spokesperson declined to say whether those measures would apply to all crypto exchanges or a select few.
July 5 (Reuters) – The market share of Binance, the world’s largest cryptocurrency exchange, and its U.S.
affiliate have shrank this year, as they battle an onslaught of regulatory crackdowns.
What does it mean for the crypto markets?
Alex Kuptsikevich, an analyst at broker FxPro told that people should be prepared for the Bitcoin price to fall another 15 percent.
Societe Generale’s crypto unit, Forge, is licensed as of Tuesday to offer services, including crypto custody, trading and sales, according to the website of France’s AMF market regulator.
The news was first reported by crypto outlet CoinDesk.
Regulators allege it’s been operating outside of the law through a ‘web of deception’
Regulators allege it’s been operating outside of the law through a ‘web of deception'” class=”blkBorder img-share” />
Binance is a crypto trading platform which allows users to buy and sell digital assets like Bitcoin. Regulators allege it’s been operating outside of the law through a ‘web of deception'” class=”blkBorder img-share” style=”max-width:100%” />
The SEC alleged in 13 charges on Monday that Binance artificially inflated its trading volumes, diverted customer funds, failed to restrict US customers from its platform and misled investors about its market surveillance controls.
LONDON, June 6 (Reuters) – Major more info stock markets were stuck in limbo on Tuesday as a surprise interest rate hike in Australia gave investors a reminder that the fight against high inflation rages on and global borrowing costs are yet to max out.
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The SEC complaint is the latest in a series of legal headaches for Binance.
The company was sued by the U.S. Commodity Futures Trading Commission (CFTC) in March for operating what it alleged were an “illegal” exchange and a “sham” compliance program.
As it announced its latest crackdown on what critics have branded a ‘Wild West’ industry, the Financial Conduct Authority (FCA) revealed 9pc of UK adults were invested in digital tokens such as bitcoin last year.
At Binance, the lay-offs as reported by the Wall Street Journal are occurring as a string of executives have recently departed the company, including Chief Strategy Officer Patrick Hillmann.
Hillmann confirmed on Twitter that he was leaving the exchange, citing personal reasons.
securities regulator asked a court to freeze its assets. June 8 (Reuters) – The U.S.
affiliate of Binance said it was halting dollar deposits and gave customers until Tuesday to withdraw their dollar funds, after the U.S.
A string of economic data along with last week’s dovish rhetoric from Fed officials has emboldened bets that the Fed will likely refrain from lifting rates at its June 13-14 meeting.
BAM Trading holds customer’s funds directly with California-based Axos Bank, according to a letter from lawyers for BAM Trading to the SEC dated May 26, which was made public by the SEC on Tuesday.
