The world’s largest crypto exchange kept weak know-your-customer (KYC) checks and did not properly cooperate with authorities, despite its public promises about compliance, Reuters said in an investigative report published Friday. The report was based on interviews with dozens of former employees of Binance, advisers and business partners, as well as the review of hundreds […]

The developing narrative of ether and alternative cryptocurrencies, or altcoins, decoupling from bitcoin in an adverse macro environment went up in smoke on Friday as a sell-off in stocks and the largest cryptocurrency caused extensive damage to the broader crypto market. Bitcoin fell to a five-month low of $38,300 during the Asian hours, an 8% […]

For the second time this month, bitcoin has dipped below $40,000, hitting $38,642 mid-way through the Asia trading session. Bitcoin is down by nearly 8% in the last 24 hours, according to CoinGecko. Ether is also down by nearly 10%, hitting $2,841. Other layer-1s such as Solana and Cardano have also been dragged down, posting […]

The CEO of the Financial Industry Regulatory Authority (FINRA) said the self-regulatory body will look at potential changes to crypto regulations this year as crypto adoption grows, Barron’s reported, citing a virtual conversation with Securities Industry and Financial Markets Association (SIFMA) CEO Kenneth Bentsen Jr. on Wednesday. CEO Robert Cook said FINRA isn’t looking at […]

The U.K.’s financial services regulator plans to tighten restrictions on crypto-asset advertising after the government gives it increased power to regulate the industry and protect investors who may not fully understand the risks they are taking on. The Financial Conduct Authority (FCA) said it plans to classify crypto assets such that consumers would be able […]