Binance to Lose Euro Transfers as Paysafe Drops Support

Paysafe will discontinue support for bank transfers of euros to and from Binance, the payments provider announced. The news comes when the world’s largest cryptocurrency exchange finds itself under pressure from regulators and banking partners in Europe and elsewhere. Paysafe to Stop Euro Deposits and Withdrawals for Binance Crypto exchange Binance, the global leader in [...]

The post Binance to Lose Euro Transfers as Paysafe Drops Support appeared first on Crypto Breaking News.

View Details

Circle Partners with Cross River Bank for USDC Production and Redemption

Circle has partnered with Cross River Bank for USDC production and redemption, as well as expanded relationships with other banking partners like BNY Mellon. The USDC stablecoin recently experienced a peg-breaking incident but has since recovered. (Read More)

View Details

Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits

Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statement from CEO Jeremy Allaire. “The 1:1 redeemability of all USDC in circulation is of paramount importance to Circle,” Allaire emphasized. Crypto Firms Scramble for [...]

The post Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits appeared first on Crypto Breaking News.

View Details

Bitpay Ceases Prepaid Mastercard Program, Promises Enhanced Card Service in the Future

Cryptocurrency proponents in the United States are facing increasing challenges when it comes to utilizing digital assets for expenditures. Several crypto companies have encountered difficulties in securing banking partners. This week, Bitpay, a prominent player in the crypto payments sector, made an announcement regarding the termination of its current Bitpay prepaid Mastercard program. This decision [...]

The post Bitpay Ceases Prepaid Mastercard Program, Promises Enhanced Card Service in the Future appeared first on Crypto Breaking News.

View Details

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

The report comes five days after Cantor Fitzgerald's CEO Howard Lutnick was appointed as President-Elect Donald Trumps Secretary of Commerce.

View Details

Report: Binance US Struggles to Secure Banking Partner Amid Regulatory Crackdown on Crypto Industry

Following the collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank, cryptocurrency companies have been seeking new banking partners in the United States. According to a recent report citing “sources familiar with the matter,” Binance US, the American subsidiary of the cryptocurrency exchange, is having difficulty finding a U.S. banking partner. Unnamed Sources Say [...]

The post Report: Binance US Struggles to Secure Banking Partner Amid Regulatory Crackdown on Crypto Industry appeared first on Crypto Breaking News.

View Details