Binance, the world's largest cryptocurrency exchange, caused confusion by mistakenly announcing on social media that euro transactions were no longer available, but it was clarified that euro transactions will continue until September 25th with Binance's banking partner in the region. However, the exchange is currently facing legal troubles and difficulties in various countries, making it challenging to find alternatives.
Binance US is reportedly reconsidering its decision to discontinue fiat on- and off-ramp services and is working on integrating new US dollar on-ramp solutions, potentially partnering with payment provider MoonPay to allow users to buy and sell cryptocurrencies in dollars.
Cryptocurrency exchange Binance plans to update its zero-fee Bitcoin trading program on September 7, potentially leading to a market downturn similar to what happened after the program was discontinued in March.
Cryptocurrency exchange Binance is discontinuing its crypto-backed debit card service in Latin America and the Middle East, affecting less than 1% of its users in those regions, without stating a reason for the decision.
Mastercard and Visa will end their partnerships with crypto exchange Binance, discontinuing their crypto card offerings in several countries by September 2022.
Summary: Coinbase and Circle have dissolved the Centre Consortium due to regulatory clarity issues surrounding stablecoins, with Coinbase taking an equity stake in Circle and Circle assuming enhanced responsibilities for the USD Coin (USDC) stablecoin; Binance.US partners with MoonPay to use Tether (USDT) as its new "base asset" for transactions, while Binance faces challenges with fiat withdrawals in Europe; Shopify now accepts USDC payments on its platform, and Solana Pay plans to add additional altcoins; China launches a blockchain-powered data exchange with over 300 participating enterprises.
Despite facing regulatory challenges and speculation about its future, the analysis of Binance's Bitcoin exchange reserves suggests that it is not experiencing a bank run like FTX did in 2021.
TrueUSD (TUSD) has surpassed Binance USD (BUSD) for the first time, reaching a market cap of $3.4 billion following Binance's decision to phase out its support for BUSD due to regulatory pressure.
Bitcoin (BTC) has remained stagnant below $26,000, with investors waiting for further developments in the cryptocurrency market and the wider economy, while Ether (ETH) is expected to outperform BTC in September and October due to the potential approval of the first ether ETF in mid-October. Additionally, SOMA Finance plans to sell tokens that represent a financial interest, addressing the criticism that crypto tokens lack equity or debt claims. Binance continues to dominate the crypto market as the leading exchange.
Binance, the world's biggest crypto exchange, announced that it will no longer support Polygon on its NFT marketplace as part of its efforts to streamline product offerings, stating that users should withdraw their NFTs by the end of the year.
Despite Visa's announcement and warnings from Binance's CEO, major cryptocurrencies such as Bitcoin and Ethereum are struggling in a bearish trend while a top Federal Reserve official expresses deep concern over the $120 billion stablecoin market.
Binance.US CEO departs and workforce is reduced as the crypto exchange faces pressure from regulatory actions, while BitMEX launches a prediction market and FTX amends its crypto asset sale proposal.
Cryptocurrency exchange Binance plans to delist stablecoins in the European market by June 2024 to comply with MiCA regulations, potentially impacting the market in Europe compared to the rest of the world.
