In addition to that crypto exchange Binance is being rapped in more and more countries, we also saw some positive developments in the crypto world. In this article you can read a short overview with news of this week that you should not miss!
Bitcoin (BTC) exchange Binance stops completely with SEPA and stock tokens
Due to the mounting headwinds from regulators worldwide, Binance had to… Completely stop SEPA deposits. These types of deposits were a perfect way for Europeans to deposit and withdraw money as it was free. But due to the problems in the UK, this is no longer possible.
Tip: Still trading with altcoins on Binance? Via the Dutch exchange Bitvavo you can still buying crypto and send it to Binance. A handy detour!
Not only in the UK was it hit, Italy is now also knocking on Binance’s door. From National Commission for Companies and the Stock Exchange of CONSOB, says Binance, the largest cryptocurrency exchange in the world, is not authorized to offer investment services in Italy.
The mounting pressure has likely forced Binance to sell its stock tokens, i.e. tokenized traditional stocks. to get out of the sky. However, the business partner who arranged this for Binance soon informed that Binance was not forced and that it was my own decision.
Positive Bitcoin news
Now that we’ve had the negative news, let’s look at the positive news. Because despite the perhaps boring races, there is still good news about Bitcoin (BTC). For example, blockchain analytics company Glassnode published that every day since the end of June 2,000 BTC has been withdrawn from exchanges. This is generally a positive sign.
In addition, the Lightning Network (LN) grew like lightning. The Bitcoin scaling solution that enables lightning-fast and low-cost transactions with BTC has been growing faster recently. This may stem from the growing adoption of bitcoin as a means of payment. For example, you can pay with it in one of Las Vegas’ Biggest Strip Clubs!
Cardano (ADA) one step closer to smart contracts, Ripple (XRP) wins
Finally put Cardano (ADA) a big step this week. It has entered the next phase of its testnet for the Alonzo hard fork. Alonzo will bring smart contracts to Cardano. You can read more about this news in this article.
Ripple (XRP), embroiled in a complicated and major lawsuit with the Securities and Exchange Commission (SEC), recorded a minor victory this week. Ripple’s attorneys want William Hinman, the SEC’s former director of corporate finance, to make a statement in court. The judge has now rejected an SEC motion to prevent this!
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