Monday, July 26

Binance

Binance, Changpeng Zhao, crypto, ftx, Markets, MI Exclusive, Sam Bankman-Fried

Sam Bankman-Fried and Binance’s Changpeng Zhao spoke out on dedicating their life’s work to crypto in an interview. Here are their best quotes.

Sam Bankman-Fried, founder and CEO of crypto exchange FTX. FTX Official/YouTube The CEOs of two of the world's top were both recently interviewed by the New York Times on everything from their personal histories to risk and regulation. FTX's Sam Bankman-Fried spoke on excessive leverage, his company moving out of Hong Kong, and why FTX has a US-only branch. Binance's Changpeng Zhao discussed overactive crypto markets, risk, and his "abundance mindset." Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Sam Bankman-Fried and Changpeng Zhao have had a whirlwind few years. The two crypto exchange founders-running FTX and Binance, respectively-have come up during a once-in-a-generation investment surge into crypto. And their exchanges have been right in the cen...
Binance, Bitcoin, Coinbase, crypto exchanges, crypto trading, Cryptocurrencies, digital assets, Ether, Ethereum, Kraken, Markets, MI Exclusive

The amount of bitcoin held on exchanges is at its lowest in 6 months, while ether reserves are at record lows, indicating any sell-offs could be a lot more modest

Ethereum, Bitcoin and Litecoin Yuriko Nakao The amount of bitcoin and ether traders hold in exchanges relative to total supply has dropped dramatically in the past few weeks, which analysts say cuts the chances of another big sell-off in the two cryptocurrencies.The ratio of bitcoin held on exchanges versus total number of coins in circulation has fallen to 13% in July, its the lowest level in 6 months, according to data from crypto analytics group Santiment on Tuesday.Similarly, the amount of ether held on exchanges as a percentage of total supply fell to just 18% in June, which is the lowest on record and the most recent figures from Santiment.Santiment tweet Santiment "The ratio of bitcoin's supply on exchanges has encouragingly slid down to its lowest since early January....
Barclays, Binance, Binance ban, crypto, Crypto assets, Cryptocurrencies, Finance, Markets, MI Exclusive

Barclays bans UK customers from making card payments to Binance, citing a notice from the national regulator

Oliver Morris/Getty Images Barclays, one of the top British banks by assets, suspended debit and credit card payments to crypto-trading platform Binance on Monday, citing a notice from the country's financial services regulator.Customers received a phone text message from the bank to notify them about the move."As you've made a payment to Binance this year, we wanted to let you know that we're stopping payments made by credit/debit card to them until further notice. This is to help keep your money safe," the message read .The UK's financial services regulator on June 26 ordered Binance to halt any regulated operations-effectively, a ban on Binance Markets, its only UK-regulated entity, from offering crypto derivatives. At the time, Binance said the Financial Conduct Authority's n...
Binance, Britain, crypto, crypto trading, Cryptocurrencies, Fraud, Markets, MI Exclusive, Scams, TSB

A major UK bank will ban its customers from trading on cryptocurrency platforms because of its concerns over fraud

Scam on keyboard. Peter Dazeley British lender TSB is going to ban its customers from buying cryptocurrencies from accounts that it believes are vulnerable to fraud. "We take our obligation to protect customers extremely seriously and continually review merchants and websites with excessively high fraud rates," a TSB spokesperson said in an email to Insider on Monday. The bank said it had not yet put a deadline in place for any bans to take effect. The bank's decision follows after the UK regulator stopped crypto platform Binance from operating in Britain without written consent. TSB, which is owned by Spain's Banco Sabadell, said that between March 15th and April 15th, 849 of its clients lost money via Binance accounts. The bank's decision affects its more than 5 million...
Binance, crypto exchanges, Cryptocurrencies, Financial Regulation, Markets, Tech Insider, weekend BI US

Britain bans cryptocurrency exchange Binance from operating in the UK without’written consent’

Britain's financial regulator has ordered Binance to stop all regulated activity in the UK. The watchdog also issued a warning to potential crypto investors, telling them to be "wary" of promises of big returns. Binance's CEO has previously said the company is "very regulated." LoadingSomething is loading. ...