Binance's Dubai-based subsidiary has been granted an operational MVP license by the Virtual Assets Regulatory Authority.
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A federal court has ordered troubled crypto custodian Prime Trust into receivership amid cash shortages and allegations of misappropriation of customer funds.
Crypto custody firm Prime Trust has suspended withdrawals and deposits after rival crypto custodian BitGo terminated a deal to acquire the firm.
Binance US' banking partners have expressed their intention to suspend fiat (USD) withdrawals as soon as June 13, 2023. The crypto exchange has decided to suspend USD deposits today.
SEC Chair Gary Gensler stated in a recent interview that the United States doesn't need more digital currency. Chair Gensler added that digital currency already existed, in the form of the U.S. dollar and other fiat currencies.
Summary: Binance suspended Australian Dollar deposits and withdrawals on June 1 after announcing the decision in May. Australian users can...
DeFi juggernaut Curve Finance released its crvUSD stablecoin on Ethereum's mainnet. Developers said a UI for the U.S. dollar-pegged stablecoin which employs a similar design to MakerDAO's DAI.
Binance CEO Changpeng Zhao believes that support from the tradition banking industry is important to increase the adoption of crypto.