Category: Exchanges

Crypto Exchange Binance Lifts Restrictions on Russian Visa and Mastercard Users and Transactions: Report

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When Binance announced the 10,000-euro limit for users inside Russia, it stated “the EU’s fifth package of restrictive measures against Russia” required the limitations. While the sanctions are still in place, this restriction no longer exists on Binance, according to media reports, and neither does the Russian bank cards ban. Last month, however, Binance prohibited peer-to-peer (p2p) trades in dollars and euros for Russian citizens and residents, leaving only the Russian ruble option. The Binance spokesperson confirmed this restriction remains. Source

Gemini Expands Beyond US Borders Amid Regulatory Uncertainty With Upcoming Launch of New Crypto Exchange

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American crypto exchange Gemini is expanding its operations overseas as US federal regulators create uncertainty in the industry at home.  The exchange says it’s launching the Gemini Foundation, a non-US crypto derivatives platform that will initially offer customers with a perpetual Bitcoin (BTC) contract denominated in Gemini dollars (GUSD). Gemini says the platform will launch a GUSD-linked perpetual Ethereum (ETH) contract next amid plans to offer more derivatives products in the coming months. “Eligible customers will be able to trade both spot and derivatives products and execute all of their…

Republicans Seek to Repeal Biden’s Inflation Reduction Act in Exchange for Raising US Debt Limit – Economics Bitcoin News

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There has been a lot of commentary concerning the U.S. raising its debt limit, as Treasury secretary Janet Yellen said last month that a U.S. default would be “devastating,” and European Central Bank president Christine Lagarde warned it would be a “major disaster” if the U.S. defaulted on its obligations. It now appears that Republican politicians are willing to raise the country’s debt limit, but only if fellow lawmakers repeal the mandates on green energy and climate change in the Inflation Reduction Act. Debate Over Inflation Reduction Act Heats Up…

Texas House of Representatives Passes Bill Mandating Proof of Reserves for Crypto Exchanges

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The Texas House of Representatives has voted to pass a new bill that would require crypto exchange platforms operating in the state to prove they have reserves to back up their assets. According to a new press release by The Chamber of Digital Commerce, a blockchain advocacy group, the Texas House of Representatives passed HB1666 on April 20th with the aim of rebuilding trust in the industry. The bill, which was first filed by State Representative Giovanni Capriglione, applies to crypto exchanges that serve more than 500 customers in the…

Ripple Sees Growth Potential in Europe’s Progressive Cryptocurrency Regulation

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Ripple (XRP), a blockchain-based payments platform, has expressed excitement about its continued growth in the European Union (EU) due to the bloc’s progressive approach to cryptocurrency regulation. This contrasts with the United States, where the focus remains on enforcement instead of clarity. According to a Twitter post by Susan Friedman, who is a policymaker in the house of Ripple, the EU has taken a big leap forward in providing a sensible and progressive regulatory framework for the crypto industry, and Ripple intends to take advantage of this positive environment to…

Crypto exchange Roqqu receives South African approval to expand operations

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Nigerian crypto exchange Roqqu has been granted regulatory approval to operate in South Africa, allowing users to purchase cryptocurrencies and withdraw funds with the country’s fiat currency, the South African Rand, according to local media reports.   South Africa has been a top priority for Roqqu as the exchange seeks to expand its dominance in the African market. In a previous interview with Cointelegraph, the company ranked South Africa as a focal point for its growth plans, which includes reaching 5 million clients in 2023. Roqqu has its sights set on…

Crypto Exchange Coinbase Receives License To Operate in Bermuda

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As part of what the exchange calls its “8-week international expansion drive,” Coinbase in its blog post took note of, among other items, doubling down on its investments in the Canadian market. The company recently hired Lucas Matheson as country director and signed a Pre-Registration Undertaking (PRU), which is considered a stepping stone on the way to becoming a registered exchange in Canada. Source

Shiba Inu and Dogecoin Rival That’s Exploded Over 250% Year-to-Date Gets Listing on Top Crypto Exchange

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A major crypto exchange is listing a meme token rival of Shiba Inu (SHIB) and Dogecoin (DOGE) after exploding by more than 250% this year. According to a new announcement, KuCoin is listing Baby Doge Coin (BABYDOGE) on its trading platform Wednesday with withdrawals enabled the following day. “KuCoin is extremely proud to announce yet another great project coming to our trading platform. Baby Doge (BABYDOGE) will be available on KuCoin. The supported trading pair is BABYDOGE/USDT.” The lesser-known dog-themed meme coin closed 2022 at $0.000000000924 and is currently trading at…