Binance


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Bitcoin Breaks $30,000; Fed Chair Powell Says Central Bank Needs ‘Robust’ Role Overseeing Stablecoins

Jennifer Sanansie gives a news update on "CoinDesk Daily." Bitcoin has broken $30,000 for the first time in over a year amid bullish sentiment in the market following a number of traditional finance (TradFi) players pushing further into crypto. Plus, Federal Reserve Chairman Jerome Powell argues for strong central-bank oversight in stablecoin regulations, saying "the ultimate source of credibility in money is the central bank," in front of the House Financial Services Committee. Separately, crypto exchange Binance will expand its zero-fee trading promotion to all trueUSD (TUSD) trading pairs starting June 30. And, decentralized finance (DeFi) infrastructure provider, Maverick Protocol, has raised $9 million in funding.

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Stablecoins, DeFi Could be in SEC’s Crosshairs Next, Berenberg Predicts

Stablecoins and decentralized finance (DeFi) are likely to become the next targets in the U.S. Securities and Exchange Commission (SEC)'s crackdown on the crypto industry, Berenberg said in a research report. This comes after the SEC said earlier this month that it was suing crypto exchange Binance, its founder Changpeng “CZ” Zhao and the operating company for Binance.US on allegations of violating federal securities laws. A day later it sued rival exchange Coinbase (COIN) on similar charges. The Hash" panel weighs in on the agency's approach to crypto regulation.

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Markets

Binance Will Expand Zero-Fee Trading on TrueUSD after Minting $1B of TUSD

Binance crypto wallets hold some 90% of TUSD’s $3.1 billion market cap, according to blockchain data by Arkham Intelligence.

Changpeng Zhao ,CEO of Binance, at Consensus Singapore 2018 (CoinDesk)

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The SEC Needs to 'Wake Up': Sen. Tuberville

Sen. Tommy Tuberville (R-Ala.) shares his thoughts on the state of crypto regulation in the United States after the U.S. Securities and Exchange Commission (SEC) sues Coinbase and Binance. The lawmaker also explains why he is introducing a bill that aims to block Chinese ownership of American crypto companies.

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Binance Sets Up Bitcoin Lightning Nodes to Ease Deposits and Withdrawals

Crypto exchange Binance said it has set up Lightning nodes on the Bitcoin network to eventually offer Lightning-based bitcoin deposit and withdrawal services to users, according to a tweet on Tuesday. "The Hash" panel discusses what this means for users after Binance said it would integrate the Lightning network back in May.

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Policy

Australian Payment Provider Cuscal Imposes New Restrictions on Crypto; Industry Body Criticizes Move

"Australians ... expect to be able to spend their money and use their assets as they choose, without undue restrictions," a Blockchain Australia official said.

The Sydney Opera House in Australia (Stanbalik/Pixabay)

Finance

Binance Sets Up Bitcoin Lightning Nodes to Ease Deposits and Withdrawals

A host of crypto exchanges have set up their own Lightning nodes in recent months to offer faster bitcoin transactions to users.

Binance sets up lightning network nodes (Leon Contreras/Unsplash)

Policy

UK Financial Watchdog Cancels Binance Permissions on Firm's Request

U.K.'s Financial Conduct Authority said Binance's local unit is no longer authorized to provide any regulated services in the country.

Changpeng Zhao, commonly known as "CZ", founder and CEO of Binance, at Davos in 2023. (Casper Labs)

Policy

Judge Signs Off on Binance, SEC Deal to Move All U.S. Customer Funds, Wallet Keys Back Onshore in Lieu of Restraining Order

The proposed agreement addresses the SEC's motion for a temporary restraining order.

(Danny Nelson/CoinDesk)

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Binance Under Investigation in France for 'Aggravated' Money Laundering

Crypto exchange Binance's French unit is under investigation by local authorities for the "illegal" provision of digital asset services and "acts of aggravated money laundering," according to the Paris public prosecutor's office. Separately, Binance is leaving the Netherlands, after failing to persuade the Dutch regulator to issue a virtual asset service provider (VASP) license, which attests that it meets anti-money laundering (AML) guidelines. "The Hash" panel breaks down the latest developments.

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