Binance Appoints New Head For International Market Expansion
Binance appoints Richard Teng to head international markets, excluding the US, driving global expansion and compliance in Global Markets. This promotion expands his prior responsibilities as the leader of Asia, Europe, the Middle East, and North Africa. Teng joined Binance in August 2021 as the Singapore Regional CEO and has since rapidly risen through the […]
Binance Rejects Deposits for 10 Bridge Token Networks
The world’s largest cryptocurrency exchange, Binance, disclosed it will temporarily Suspends Deposits for ten bridge token networks. Binance took to Twitter on May 25 to notify its users of the temporary suspension of deposits for some bridge token networks. POLS-BSC, ACH-BSC, BIFI-FTM, SUPER-BSC, AVA-ETH, SPELL-AVAXC, ALPACA-FTM, FTM-ETH, FARM-BSC, and DEXE-BSC are among the affected networks. […]
Crypto Asset Classification: CFTC Chair vs. Former Commissioner
On crypto classification, ex-CFTC Commissioner Dan Berkowitz speaks on cryptocurrency community Asset Status. Gary Gensler, chairman of the Securities and Exchange Commission, believes all are securities with investment contracts. Using Ethereum as an example, he stated there is a “special case” where something can be both. “It can be a commodity under the CEA [Commodity […]
Conflux (CFX) Surges 16%, Bitcoin (BTC) Regains $27K
KAVA and Render Token, along with Conflux, surged with impressive double-digit gains in the last 24 hours. Despite celebrating Bitcoin Pizza Day, the first real-world use of cryptocurrency, the market experienced a temporary setback as Bitcoin dropped to $26,600. However, it quickly reversed course and surged by approximately $1,000. In other news, ETH, MATIC, SHIB, […]