Binance announces the delisting of twelve cryptocurrencies under French regulatory pressure. Monero is among them.
Institutional funds specializing in cryptocurrencies continue to face capital outflows for the fifth consecutive week, according to the latest report from CoinShares. With a withdrawal of $32 million last week, the total outflows now amount to $232 million. Despite a decrease compared to previous weeks, institutional investors remain cautious towards cryptos. Let's explore the reasons behind this trend.
Australian bank Westpac has banned its clients from depositing money into Binance. Another blow for CZ given the ongoing lawsuits by the CFTC in the United States.
Crypto exchange crashes like FTX have always been preceded by massive currency transfers. However, some observers claim that large volumes of Bitcoin have been leaving exchanges such as Binance recently. Is this the beginning of the end for this giant and its peers?
Ripple ensures a very specific mission: to enable secure, instant and free global financial transactions. Over the past few months, they've announced a number of improvements and new features within their network. Most notably, the adoption of Money Tap by three Japanese banks has been mentioned. And now Ripple is announcing a huge project. It plans a multi-partnership to help billions of people.
SHIB, the meme-inspired crypto has managed to seduce Binance. The Exchange, has decided to take it out of its Innovation Zone and place it in the category of projects with high growth and sustainability potential. This gesture of confidence could well further strengthen SHIB's position in the market and encourage investors to take a closer look at this crypto.
Bitget, the largest crypto copy trading platform, has announced a $30 million investment in the decentralized BitKeep multi-chain wallet, becoming its controlling stakeholder. The deal will allow the exchange to extend its range of services while also supporting BitKeep in enhancing the stability and security of its offerings. It’s also aimed at helping both companies to leverage their strengths and collaborate on linking DeFi and CeFi.
America's largest crypto exchange, Coinbase, refuses to take responsibility for a security breach that resulted in huge losses. At the same time, it categorically refuses to reimburse its customers for losses incurred as a result of a security breach.