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UK Treasury plans to exclude derivatives and ‘unbacked’ tokens from regulatory sandbox

The Treasury Department of the United Kingdom has proposed excluding unbacked crypto assets and derivatives from its plans for a digital securities sandbox.In a consultation paper released on July 11, HM Treasury said the regulatory sandboxes that will be established under the country’s Financial Services and Markets Act will provide

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Binance ceases support for deposits and withdrawals of suspended Multichain-bridged tokens

Binance cryptocurrency exchange has announced it is ceasing its support of deposit and withdrawal services for a range of Multichain-bridged tokens, effective from July 7, 2023. Binance has officially stated in its blog that the tokens impacted by the decision are Polkastarter (POLS) via BNB Smart Chain, Alchemy Pay (ACH) via

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Binance conducts 11th LUNC burn, 2.65 billion tokens destroyed

Binance, the world's largest crypto exchange, has conducted its 11th batch of the Terra Classic (LUNC) burn mechanism, resulting in the burning of 2.65 billion LUNC tokens. The total LUNC tokens burned by Binance now exceed 35.5 billion, while the community's burn surpasses 68 billion. Traders have reacted positively to the

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