Binance suspends Solana withdrawals to manage increased transaction volume. SOL token sees modest decline despite suspension. Industry-wide challenges highlighted, including recent outages on major exchanges like Coinbase. Binance recognized for cybersecurity efforts amidst challenges.
Xu LinUnless it can find another service provider, crypto exchange Binance will suspend British pound sterling deposits and withdrawals starting on May 22.
decryptThe suspension is expected to affect only a tiny fraction of Binance’s user base.
cryptopotatoDCG’s subsidiary underwent a second round of job cuts after being hit by FTX implosion.
cryptopotatoThe metaverse platform’s DAO community treasury holds over 99% of its assets in MANA, Decentraland’s native cryptocurrency.
CoindeskThis comes after the collapse of hedge fund Three Arrows Capital and crypto exchange FTX.
BeincryptoFTX’s deep integration into the cryptocurrency industry is having cascading effects on associated platforms.
BeincryptoASIC has suspended the Australian financial services licence of FTX Australia Pty Ltd (AFS licence 323193) until 15 May 2023.
OthersHuobi Global claims compliance with local regulations as its reason for excluding New Zealand from its list of countries in which it operates derivatives trading.
CointelegraphThe downturn in the crypto market has made it difficult for crypto companies to strike any new sponsorship deals with teams they spent hundreds of millions of dollars on sponsorship earlier this year.
Cointelegraph