In light of mounting difficulties stemming from hurdles from financial authorities worldwide. The biggest cryptocurrency exchange in the world, Binance, has withdrawn its license registration in Austria. Binance Austria GmbH, a wholly owned subsidiary of Binance, is no longer seeking a license from the Austrian Financial Market Authority (FMA), according
According to data from research firm Kaiko, Binance’s market share has approached a one-year low due to increased regulatory scrutiny on the cryptocurrency industry. On June 5, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance and its founder, Changpeng “CZ” Zhao, impacting the largest cryptocurrency exchange.
DeFi investment opportunities are looking a little more palatable today with the news that Soil, creator of a real-world asset-backed loan marketplace, has achieved full compliance with local regulators in its home base of Estonia. Soil is the creator of a unique debt marketplace where traditional companies can seek funding
In recent years, Indian crypto exchanges increased in numbers while playing crucial roles in bolstering the adoption of cryptocurrencies. Significantly, India is one of the prominent countries for the crypto industry as it has vast users who emerged in the sector. Crypto adoption across the nation has been attributed to
In today’s crypto market, Defi tokens have showcased exceptional performance. It is currently outshining in the ever-evolving landscape. Over the past two weeks, the total market capitalization of DeFi has witnessed a remarkable 15% increase, soaring from $41.5 billion to $47.8 billion. Aave, Uniswap, Stacks, and Synthetix have been the
European Central Bank (ECB) executive board member Fabio Panetta has cast a gloomy future for crypto, linking it with gambling among traders. The official said that crypto assets should be regulated as a kind of gambling due to their “highly volatile” character. In prepared comments for a panel discussion at
ProShare’s Bitcoin Futures Exchange Traded Fund (ETF) $BITO has seen a huge surge in inflows, boosting its asset value to over $1 billion, a development that is very important for the cryptocurrency market. Speculation over the Securities and Exchange Commission’s (SEC) possible approval of a spot Bitcoin ETF has piqued
Binance and Coinbase, the leading cryptocurrency exchanges, are facing increased regulatory pressure as the US Securities and Exchange Commission (SEC) cracks down on them. Just recently, the SEC filed a lawsuit against these global cryptocurrency giants. SEC’s filings against Binance and Coinbase shake emerging ecosystem tokens SOL and MATIC. Market
Last week in the crypto market was a roller coaster ride. It began with Bitcoin surging over $30,000 and ended with anticipation for altseason. The intrevention of Bitcoin ETFs played a significant role in this surge, impacting the price of BTC and the overall market. Amidst fluctuations in various altcoins,
The top cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), have demonstrated significant strength, continuing their upward trajectory in the early hours of trading this week. BTC, the world’s largest cryptocurrency, has managed to maintain its position above the $30,200 range, while ETH has surged by 8.66% in a week to reach
