Bitcoin News and Finance: What You Need to Know

Crypto exchange Binance US has suspended withdrawals in U.S. dollars. Users who want to withdraw their USD funds must first convert them into stablecoins or other cryptocurrencies, which can then be withdrawn. Binance US Updates Dollar Withdrawal Policy Binance US, the U.S.-based cryptocurrency exchange affiliated with Binance, updated its terms of use on Tuesday. The Binance US trading platform is run by BAM Trading Services Inc., an affiliate of Binance. The U.S.-based crypto exchange explained that users can access their USD funds through BAM-issued stored value wallets denominated in U.S. dollars (BAM Fiat Wallets). Binance US emphasized: In the event you wish to withdraw U.S. dollar funds from your account, you may convert such U.S. dollar funds to stablecoin or other digital assets, which can subsequently be withdrawn. In early June, Binance US suspended U.S. dollar deposits following a court order initiated by the U.S. Securities and Exchange Commission (SEC) to freeze ...

The European Securities and Markets Authority (ESMA) is preparing to implement the Markets in Crypto-Assets Regulation (MiCA). The regulator has issued several crypto warnings that investors and users of crypto services providers should be aware of, particularly before MiCA is fully implemented. The regulator cautioned: “Even with the implementation of MiCA, retail investors must be aware that there will be no such thing as a ‘safe’ crypto-asset.” ESMA Issues Crypto Warnings as It Prepares to Implement MiCA The European Securities and Markets Authority (ESMA) published a statement on Tuesday clarifying the timeline for the implementation of the Markets in Crypto-Assets Regulation (MiCA). ESMA also highlighted several risks associated with crypto assets, noting that MiCA won’t be fully implemented until December 2024. “The entry into force of MiCA is a fundamental development for the establishment of a single rulebook for the regulation and supervision of crypto-asset issuance, trad...

The European Central Bank (ECB) has decided to move its digital euro project to the next phase after two years of investigation. The “preparation phase” of the digital euro will involve “finalizing the digital euro rulebook and selecting providers that could develop a digital euro platform and infrastructure.” Digital Euro Proceeds to ‘Preparation Phase’ The Governing Council of the European Central Bank (ECB) decided Wednesday “to move to the next phase of the digital euro project: the preparation phase,” the ECB announced. This decision followed the completion of the ECB’s central bank digital currency (CBDC) investigation phase which the Eurosystem launched in October 2021 “to explore possible design and distribution models for a digital euro,” the European Central Bank detailed. The ECB also published a report Wednesday detailing its findings from the investigation phase of the digital euro. The ECB detailed: The next phase of the digital euro project — the preparation phas...

Vitalik Buterin has dismissed reports that he recently sold his crypto holdings and claimed to have not “sold ether for personal gain since 2018.” Buterin suggested to his followers that the reports often mistake his transfer of digital assets to charitable organizations as sales of his digital assets. Transfers to Charitable Organizations Vitalik Buterin, the co-founder of the Ethereum blockchain, has dismissed suggestions that he recently liquidated part of his digital asset holdings. In a post on the decentralized social network Warpcast, Buterin told his followers to ignore reports which mistakenly conclude that his donations to charitable organizations are sales of crypto assets. The remarks by Buterin came just days after media reports claimed that Kanro, a charity affiliated with the Ethereum co-founder, had moved 15.43 million USDC coins to a multi-signature wallet. In fact, as indicated by data , Kanro made two transfers, one to Coinbase (500,000 USDC coins) and one to Ge...