Bitcoin News and Finance: What You Need to Know

Licensed since last year, the world’s largest digital asset exchange, Binance, has now launched a trading platform in Kazakhstan. The move comes amid increased pressure from regulators in other jurisdictions, like the U.S., and after Binance’s decision to pull out of several European markets. Global Leader Binance Sets Up Licensed Exchange in Kazakhstan Amid Euro Exit, U.S. Crackdown The leading platform for coin trading in the world, Binance, announced the launch of a cryptocurrency exchange in Kazakhstan. The exchange will offer users in the Central Asian nation exchange and conversion services, deposits and withdrawals of fiat money, and custody of crypto assets, a press release detailed on Wednesday. Binance was licensed to operate in Kazakhstan in October, 2022. The authorization, granted by the Astana Financial Services Authority (AFSA), allows it run a digital asset platform and provide custodial services at the Astana International Financial Center ( AIFC ), the country’s ...

Caitlin Long, the founder of Custodia Bank, has railed against the favoritism that the Federal Reserve and the institutions of the U.S. financial system are supposedly showing to incumbents. According to Long, regulators have applied double standards when permitting established financial institutions to serve the crypto market and access instruments like Fed master accounts. Custodia CEO Caitlin Long Accuses U.S. Federal Reserve of ‘Incumbent Bias’ Caitlin Long, founder and CEO of Custodia Bank, has stated that the U.S. Federal Reserve and other regulators are favoring incumbents when it comes to allowing them to offer cryptocurrency-based instruments in the U.S. market. In a recent interview , Long, who was part of the Wyoming Blockchain Select Committee, declared there is a “coordinated crackdown” on cryptocurrency banking service providers, with the involvement of the White House in the process. She commented it was “interesting” that after regulatory action against established ...

Kyber Network, a pioneer in the decentralised finance (DeFI) space, is excited to announce the deployment of its flagship product, KyberSwap , on zkSync Era. The deployment of KyberSwap Aggregator and Classic Liquidity Protocols on zkSync marks the 14th chain integration for Kyber Network, providing users with enhanced liquidity, improved transaction speeds, and reduced fees. zkSync Era joins a notable list of networks, including Polygon, BNB , BitTorrent, Arbitrum, and Optimism, offering a diverse range of options for KyberSwap users. The integration of zkSync native DEXs, such as Mute.Switch, SyncSwap and Velocore, combined with KyberSwap’s capital efficient protocols, further strengthens KyberSwap’s liquidity offerings, ensuring users can enjoy a seamless, cost-effective, user-friendly trading and earning experience even on this new blockchain. “We are thrilled to deploy on zkSync, a groundbreaking milestone for our platform,” said Victor Tran, CEO and Co-founder of Kyber Netwo...

The market share of the U.S. subsidiary of Binance has declined amid an ongoing crackdown by America’s securities regulator. According to new data, leading U.S. crypto exchange Coinbase, also sued by the Securities and Exchange Commission (SEC), is taking a hit, too. Binance US Market Share Drops to 1.5%, According to Kaiko The litigation with the SEC is taking a toll on Binance US, the American unit of the world’s largest cryptocurrency exchange. The platform’s share is now only 1.5% of the weekly trading volume on exchanges in the United States, according to digital assets market data provider Kaiko. That’s down from 8.2% at the beginning of 2023, the research indicated. The significant decline comes in a difficult moment for Binance’s subsidiary in the U.S. which is dealing with customers withdrawing funds and payment partners cutting off support, Bloomberg noted in a report. The latest troubles began when the securities regulator sued the operators of the American exchange, ...