Binance saw a sharp decline in spot and derivatives trading, marking its lowest market share in four years. Is this the inevitable readjustment as it falls into regulatory line? Or has the company seen too much upheaval?
Binance saw a sharp decline in spot and derivatives trading, marking its lowest market share in four years. Is this the inevitable readjustment as it falls into regulatory line? Or has the company seen too much upheaval?
The new law prohibits citizens from buying and selling crypto with fiat on foreign exchanges. By directing the flows through local exchanges, the government aims to increase its control over crypto transactions. At Observers, we imagine Russia could follow the same path.
Mark Karpeles is launching a new “transparent and user-friendly” crypto exchange in Europe this month. Meanwhile, the Mt.Gox saga is slowly coming to an end, and his other project is set to bring more transparency to the industry.
Nigeria licensed two local crypto exchanges, which might signal the end of a regulatory crackdown on the industry. Still, authorities' attitude towards crypto remains controversial.
Justin Sun has launched SunPump, a direct competitor to Solana’s Pump.fun, which enables fast and easy meme-coin creation on the Tron blockchain. The platform has quickly attracted a large user base, generating substantial revenue.
Venezuela's Binance users are experiencing difficulty accessing the exchange website. It is unclear whether it was blocked intentionally or not, and what impact it will have on the country's monetary system.
