Binance Futures will limit existing users’ leverage to 20x
Existing customers with registered futures accounts that have been active for less than 30 days will be subject to new leverage limits on Binance Futures in the near future. Consumer protection is a priority for Binance, the world’s largest cryptocurrency exchange, which is implementing additional leverage trading limitations on its futures platform in an effort […]
Natwest Bank restricts payment to crypto exchange Binance
Natwest bank becomes the third bank and latest Financial giant in the UK to restrict the activities of cryptocurrency exchange Binance. The British banking firm Natwest has joined a growing list of financial institutions that have severed connections with Binance, the world’s largest cryptocurrency exchange. The banking behemoth cited regulatory uncertainties surrounding the cryptocurrency exchange […]
U.S. Treasury Secretary urges regulators to “act quickly” to deal with stablecoins
A meeting with the President’s Working Group on Financial Markets was held in which U.S. Treasury Secretary Janet Yellen discussed the use of stablecoins. The US Treasury Secretary met with members of the President’s Working Group on Financial Markets and representatives from numerous US financial institutions to address the risks posed by the expanding stablecoin […]
New Jersey securities regulators order BlockFi to cease onboarding activities
New Jersey securities regulators have accused BlockFi CEO Zack Prince of marketing unlicensed securities to the general public, Prince however denied the allegations. According to the New Jersey Bureau of Securities, BlockFi , a centralised crypto lending firm, has been issued a cease and desist order, which prevents the company from onboarding new interest account […]
Binance burns BNB tokens worth $390M
The burning of tokens in the crypto space is one thing that is said to help token price. Binance as usual has destroyed about $400 million worth of BNB in its 16th quarterly token burn event. Binance, the world’s largest cryptocurrency exchange , has completed its 16th quarterly Binance Coin (BNB) burn, burning nearly $390 […]