Thursday, April 18, 2024
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Crypto Exchange Binance to Shut Down Payments Service Amid Refocus On Core Products

Binance Connect, which allowed merchants to accept payments in crypto, launched in March 2022 in an effort to help companies become “crypto-ready,” the exchange said back then. The service supported 50 cryptocurrencies and all major payment methods, including Visa and Mastercard. Source

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Australian financial regulator sues eToro over ‘volatile’ trading products

Australia’s financial regulator has sued trading platform eToro over one of the leveraged trading products it offered to retail investors, alleging inappropriate screening tests caused thousands of users to lose money.The Australian Securities and Investments Commission (ASIC) said on Aug. 3 it commenced Federal Court proceedings over eToro’s contract for

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XRP, Stellar’s XLM and Solana’s SOL-Based Products Have Attracted Institutional Capital This Year

However, in terms of product volumes, ProShares' Bitcoin Strategy ETF (BITO) dominated volumes with $179 million in average daily volumes, an increase of 2.96% from June. Grayscale’s bitcoin (BTC) and ether (ETH) trust products followed, with an average daily volume of $83.0 and $31.0 million a 29.7% and 60.4% increase,

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SEC has pushed investors into ‘toxic’ crypto products and FTX: Winklevoss

For the last decade, the United States securities regulator has forced investors into “toxic” and “unregulated” crypto products, says Gemini co-founder Cameron Winklevoss.On July 2, the Winklevoss twin slammed the U.S. Securities and Exchange Commission (SEC)'s constant refusal of spot Bitcoin exchange-traded funds, noting it's now been 10 years since

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Crypto investment products see largest weekly inflow since July 2022

A recent surge in activity surrounding exchange-traded funds has led to the largest weekly inflow for digital asset investment products since July 2022, according to a June 26 report via CoinShares.Totalling $199 million, inflows for the week of 19–23 June turned around a nine-week string of consecutive outflows, with Bitcoin

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