Tuesday, November 5, 2024
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Binance Converts $1B Recovery Funds into Native Crypto as Banking Fears Heighten

Pressure continues to mount on stablecoins given the current situation that has seen three major crypto-backing banks collapse in the past few days. In the wake of the recent failure of at least, three notable US-based financial institutions, Binance has started converting the remainder of its $1 billion industry recovery funds

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US and UK Agree to ‘Heighten the Focus on Illicit Use of Cryptocurrency’ – Regulation Bitcoin News

The U.S. and U.K. governments have “committed and agreed to heighten the focus on illicit use of cryptocurrency and ransomware,” the U.S. Department of Justice announced. According to the FBI, high crypto prices have partially made ransomware “incredibly lucrative for the criminals.” Governments Collaborate to Focus on Illicit Use of Crypto The

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