Binance.US Axes FDIC Insurance and Dollar Withdrawals Following Regulatory Consultation
Market Analysis

Binance.US Ends USD Withdrawals and FDIC Insurance

October 18, 2023 0

Binance.US has rescinded its offering of Federal Deposit Insurance following a consultation with the Federal Deposit Insurance Corporation (FDIC). The exchange confirmed an update to the “deposit language insurance” in an email to clients. The […]

Ethereum L2 zkEVM Protocol Scroll Launches to Mainnet 
Market Analysis

Ethereum Layer-2 Platform Scroll Launches zkEVM Solution

October 18, 2023 0

After more than two years of building, the Ethereum layer-2 zkEVM protocol Scroll has launched to mainnet. The scaling solution enterers the layer-2 ecosystem with a zero-knowledge Ethereum Virtual Machine platform for the Ethereum network. […]

Why US Anti-Crypto Bill Could Be Approved Amid Israel-Hamas Conflict
Market Analysis

US Anti-Crypto Bill Could Be Approved Amid Israel-Hamas Conflict

October 18, 2023 0

The recent Israel-Palestine conflict has intensified the scrutiny of crypto transactions in the United States. This is predominantly due to reports suggesting militant groups, including Hamas, received financing via cryptocurrencies. The link between cryptocurrencies and […]

Is Ripple Considering an IPO? New Job Listing Sparks Speculation
Market Analysis

Is Ripple Planning an IPO?

October 18, 2023 0

Ripple has published an advertisement for a “Shareholders Communications Senior Manager” with an annual salary range of $143,792 – $179,740, leading to speculation the company is considering an Initial Public Offering (IPO). The community has […]

Binance US drops FDIC insurance amid regulatory pressure
Market Analysis

Binance US drops FDIC insurance amid regulatory pressure

October 18, 2023 0

Cryptocurrency exchange Binance US has withdrawn FDIC insurance for user funds. The exchange faces regulatory heat from the US Securities and Exchange Commission (SEC). The SEC lawsuit ramifications are spilling over. In a significant policy […]

US Announces Crackdown on Export of AI Chips to China
Market Analysis

New US Laws Tighten AI Chip Exports to China

October 18, 2023 0

The US Commerce Department has introduced new chip restrictions to limit Chinese access to American semiconductors. Chipmakers will require a license to ship advanced semiconductors to regions under US arms embargoes. The restrictions will not […]