Cryptocurrency exchange Binance is restoring fiat services for customers using the common European currency, the euro (EUR). The coin trading giant announced that users are already migrating to the new platforms it partnered with in the wake of losing the services of Paysafe.
Crypto Exchange Binance Offers Users New EUR Options for Deposits and Withdrawals
Binance, the global leader in digital…
Ethereum Co-Founder, Consensys Sued By Early Employees Over Alleged Equity Promises – Legal Bitcoin News
October 21, 2023
More than two dozen early employees of the blockchain software company Consensys have filed a lawsuit against Ethereum co-founder Joseph Lubin, Consensys, and other parties. The plaintiffs allege Lubin broke contractual promises related to equity compensation made when the…
Binance to Sunset Visa Crypto Card as 2023 Sees Decline in Digital Debit Cards – Bitcoin News
October 21, 2023
Several reports have revealed that Binance, which is recognized as the leading crypto exchange by trading volume, intends to discontinue its Visa crypto card on December 20, 2023. The enterprise emphasized that only a “small number of Binance users” would be affected by…
Crypto’s Role in Terrorism Financing Overestimated, Chainalysis Shows – Bitcoin News
October 21, 2023
Inaccurate methodologies have resulted in overstated metrics about the use of cryptocurrency by terror groups fighting Israel, according to Chainalysis. The analytics company has tried to “correct the record” on crypto’s role in terrorism financing amid ongoing hostilities in the Middle East.
Terrorism Financing Is a Small Portion of Already Small Illicit Crypto Volume, Says…
Coinbase: 'Overwhelming Majority' of Terror-Related Funding Still Funneled via Traditional Financial Systems – Bitcoin News
October 21, 2023
According to Coinbase, an overwhelming majority of terror-related funding is still done via traditional financial systems. The crypto exchange suggested that terrorist organizations that do receive crypto funding normally use “offshore entities” when attempting liquidate…
Bitcoin, Ethereum Technical Analysis: BTC Above $30,000 as ETF Hopes Intensify – Market Updates Bitcoin News
October 21, 2023
Bitcoin rallied to a three-month high on Friday, as market optimism grew that the Securities and Exchange Commission (SEC) could soon approve several spot bitcoin ETFs. As reported yesterday, SEC Chair Gary Gensler stated that the regulator is currently reviewing up to ten…
FinCEN Targets Crypto Mixers Over Laundering and National Security Concerns – Regulation Bitcoin News
October 21, 2023
The U.S. Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, this week proposed regulations aimed at increasing transparency around crypto mixing services. These services, the agency says, are used by terrorist organizations and state actors to obscure financial transactions. FinCEN refers to these services as “Convertible Virtual Currency Mixing” or CVC mixing.
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Biggest Movers: XRP Surges as SEC Drops Lawsuit Against Ripple's Senior Management – Market Updates Bitcoin News
October 21, 2023
XRP was a big gainer on Friday, as markets reacted to the SEC’s decision to drop its lawsuit against Ripple’s management team. The commission previously alleged that CEO Brad Garlinghouse and chairman Chris Larsen had violated securities laws. Solana also surged, rising…
SEC Drops Lawsuit Against Ripple Executives, All Charges Dismissed — Ripple Calls It 'a Surrender by SEC' – Legal Bitcoin News
October 20, 2023
The U.S. Securities and Exchange Commission (SEC) has dropped all charges against Ripple’s executives, CEO Brad Garlinghouse and co-founder Chris Larsen. “The SEC made a serious mistake going after Brad & Chris personally — and now, they’ve capitulated…
Pennsylvania State House Committee Passes Bill on 'Reporting Requirements' for Crypto Miners – Regulation Bitcoin News
October 20, 2023
The Environmental Resources and Energy Committee of the Pennsylvania General Assembly recently passed a bill which proposes “reporting requirements for qualifying crypto-asset mining operations.” Sponsor of the draft legislation Greg Vitali said the bill “doesn’t prohibit any cryptocurrency operation from operating in any way.”
Reporting Requirements for Crypto Miners
The Pennsylvania…
