Binance users reportedly traded $90-billion of crypto in a single month in China, where such trading has been illegal since 2021.
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Bankrupt FTX is reportedly moving ahead with efforts to revive its flagship international cryptocurrency exchange.
Crypto exchange Binance and related entities shuttled some $70-billion through accounts at now-defunct Silvergate Bank and Signature Bank.
A bout of bitcoin turbulence may be a precursor to short-term gains in the token.
Investors are grappling with news that the US securities regulator has sued crypto exchange Binance.
The world’s largest crypto exchange temporarily paused withdrawals of bitcoin for the second time in less than 12 hours.
The software that underpins the second biggest crypto coin, ether, was upgraded successfully.
Investors withdrew US$1.6-billion of cryptocurrency from Binance since it was sued by the US Commodity Futures Trading Commission on Monday.
The US has sued Changpeng Zhao and his Binance cryptocurrency exchange for alleged violations of derivatives regulations.
Binance’s stablecoin, Binance USD, has seen around $6-billion of outflows following a US regulatory crackdown on the company that issues the token.