Binance US market share fell to a two-year low
As of June 15, Binance US market share in the United States dropped to 2.7%. Transaction volume continues to fall for the fourth month in a row. The platform's share has fallen to December 2020 levels
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Singapore prepares a set of rules for banks on dealing with cryptocurrency customers
Authorities in Singapore have begun to develop uniform bank screening standards for cryptocurrency customers. This was reported by Bloomberg, citing insiders. The central bank and lawyers will help banks adjust their verification standards when opening accounts for crypto-service providers. They will apply to all types of digital assets - cryptocurrencies,
Binance employees help Chinese users bypass KYC - CNBC
CNBC journalists claim that Binance employees are helping Chinese users bypass a crypto-ban. There are also "volunteers" involved. They tell Chinese people how to register under another country. Tips to circumvent restrictions are given in local chat rooms and forums. CNBC journalists said they "infiltrated" two such groups, each with
Coinbase is in talks to create a new exchange
Coinbase is considering options to create a new exchange, which will be located outside the U.S. jurisdiction. The company has not yet decided where exactly the platform will be located, but it is already in talks with market makers about connecting to it.
Gate launched a new Visa cryptocurrency for the Eurozone
Gate Group, the parent company of Gate io, announced the launch of a new joint initiative with payment service provider Visa. The firm has launched a debit cryptocurrency card for its customers in the Eurozone. "We aim to become a kind of bridge between the entire cryptocurrency ecosystem and the
Qualcomm wants to launch satellite messaging
The maker of processors and networking chips for Android smartphones said it is working with Honor, Lenovo, Motorola and other brands to develop a satellite messaging capability. This is needed for people living far away from urban communication coverage areas. Mobile Internet in rural areas is very poor, and affordable
Spain opens rehabilitation centre for crypto-traders
Spanish rehabilitation centre The Balance has added a treatment programme to tackle crypto-trading. A week's stay at The Balance will cost between €25,000 and €75,000 depending on the programme. Experts believe that for a successful outcome, you need to give up trading for at least 4 weeks.
Indian multibillionaire Gautam Adani
Indian multibillionaire Gautam Adani, owner of the Adani Group corporate conglomerate and one of the richest men in the world, has found himself at the centre of a scandal. The Adani Group's capitalisation plummeted by more than $50 billion in just a few days, due to the report of a
OpenAI and Microsoft sign multi-year agreement.
OpenAI, the developer of ChatGPT service, announced the signing of a multi-year and "multi-billion dollar" investment partnership with Microsoft. The exact amount of the investment was not disclosed. It was previously reported that Microsoft plans to buy a 49 percent stake in ChatGPT for $10 billion.
CleanSpark to increase capacity of purchased mining centre by 50MW
Mining company CleanSpark has begun construction of the second phase of its data centre in Washington, D.C. (Georgia, USA). The capacity of the previously acquired facility will increase by 50 MW. In August 2022, CleanSpark bought an operating bitcoin mining facility from WAHA Technologies for $16.2 million. The