$103,239.00
-0.93%$2,489.94
-3.23%$2.35
-2.03%$640.39
-2.52%$166.47
-3.58%$0.999903
0.00%$0.217301
-3.61%$0.746832
-4.08%$0.26934
-1.98%$2,482.74
-3.40%$103,003.00
-1.02%$3.73
-5.14%$2,987.41
-3.38%$15.43
-5.05%$22.60
-5.22%$27.20
1.02%$0.288683
-2.20%$0.00001425
-5.57%$8.95
1.08%$0.192735
-3.64%$393.70
-2.19%$3.04
-1.96%$98.83
-1.77%$4.66
-3.93%$0.999899
0.01%$2,474.17
-3.80%$336.10
-0.75%$0.999629
0.12%$2,638.90
-3.80%$4.94
-0.83%$0.00001248
-6.88%$0.713744
-17.53%$0.999555
-0.08%$103,302.00
-0.90%$30.15
-0.46%$420.48
-4.59%$5.91
-6.20%$225.67
-1.30%$2.74
-6.06%$5.14
-4.49%$53.05
-1.07%$0.115445
-3.03%$200.50
-3.36%$0.916845
-7.48%$1.00
0.00%$35.29
-0.52%$0.098316
-2.91%$18.37
-4.38%$5.17
-5.68%$21.54
-1.06%$12.47
-4.20%$0.734194
-2.35%$0.02790306
-5.01%$4.51
-7.95%$1.17
0.09%$1.051
-0.00%$0.388917
3.75%$0.999711
0.07%$4.71
-4.41%$103,027.00
-0.70%$0.231304
-3.17%$0.749697
-5.40%$4.39
0.26%$0.218273
-4.82%$2.81
-5.48%$0.377509
-6.70%$2.62
-6.03%$1.078
-7.66%$0.504888
-7.38%$4.51
-1.57%$2,490.05
-2.95%$0.994734
-0.50%$11.83
-1.58%$1,759.22
-3.56%$0.00001885
-12.19%$0.486662
-4.43%$174.20
-3.21%$2,579.89
-3.72%$91.89
-4.05%$4.67
-4.48%$0.854254
-6.83%$0.0195813
-0.11%$1.27
-0.03%$0.813874
1.62%$0.224557
-6.73%$1.20
-9.42%$0.636496
-6.29%$2,812.39
-3.62%$0.697047
-8.75%$11.58
-7.08%$1.72
-7.35%$0.071088
-2.13%$0.997161
-0.27%$103,217.00
-0.69%$0.106814
-7.30%$0.97289
-3.94%$2,643.65
-3.52%$3.17
-9.87%$0.681886
-3.92%$640.56
-2.30%$215.54
-3.39%$0.00009326
-8.89%$0.999528
-0.00%$0.999501
0.02%$0.856878
-6.66%$184.86
-3.47%$0.01743747
-4.95%$0.940476
-5.75%$102,287.00
-1.55%$0.0186767
-7.61%$0.64264
-8.29%$103,887.00
-1.31%$1.00
0.01%$3,208.25
-0.41%$2,592.21
-3.76%$102,280.00
-0.28%$0.01237585
-11.66%$0.216508
-7.17%$0.766142
-3.94%$3,217.77
-0.30%$0.760097
3.12%$0.307961
-5.49%$4.01
-3.66%$2.20
-4.97%$21.77
-4.66%$12.62
-1.58%$0.00000073
-5.25%$35.51
-4.93%$2,583.55
-3.77%$0.116445
-3.10%$0.066089
-7.62%$0.621521
-3.91%$0.409239
-5.53%$0.997723
-0.09%$40.06
-4.05%$0.01913113
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-6.01%$0.998422
0.10%$0.670257
-6.89%$0.329292
-4.97%$1.75
-10.38%$1.86
-5.34%$2.06
-0.33%$1.099
-0.89%$111.09
0.02%$0.155218
-7.35%$2,493.92
-3.06%$0.217009
-3.47%$2,491.35
-3.23%$0.999892
0.00%$0.63742
-8.02%$103,038.00
-1.10%$18.23
-6.19%$1.86
-3.19%$2,654.40
-2.97%$0.435388
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-2.25%$0.00865195
-4.47%$0.996424
-0.24%$0.628249
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0.98%$0.184315
-7.31%$2.91
-5.48%$0.999903
0.00%$2,474.14
-3.75%$0.149546
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4.16%$6.49
-4.61%$0.451407
2.39%$100,878.00
-1.19%$0.00002266
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-4.24%$0.176134
-8.38%$0.08644
-6.82%$0.00000044
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0.89%$1.087
0.01%$0.00765708
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0.90%$0.171327
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0.01%$0.995507
-0.38%$0.00000099
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-0.41%$0.230861
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0.19%$0.975597
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4.48%$2,622.91
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1.27%$0.03557847
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-1.87%$0.00000169
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0.11%$0.00006159
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0.11%$0.00317675
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0.03%$0.99986
0.01%$2,494.68
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1.19%$2,683.32
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2.63%$0.00323844
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0.87%$0.561627
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-6.90%$0.999837
0.01%$3.23
-7.85%Reading
Role
Founder and former CEO of Binance
Location
Cayman Islands
Education
McGill University
Current Project
TBD
Previous Projects
Binance, BijieTech, Blockchain, Fusion Systems, Bloomberg
Deposits and withdrawals in British Pounds (GBP) using both the Faster Payments service and bank cards are currently unavailable to Binance’s UK customers.
Binance’s site currently displays a message that both GBP payment channels are “suspended.” The news comes on the heels of the Financial Conduct Authority’s consumer warning against Binance Markets Limited, which the regulator has clarified is not an outright ban on the crypto exchange operating in the UK.
On Binance’s website, UK customers are greeted with a notice saying that both transaction methods are “suspended” for deposits, and “suspended for maintenance” for withdrawals.
Binance’s UK customers can still access the exchange and trade cryptocurrencies on it, and channels to deposit and withdraw other fiat currencies appeared to be available. However, the absence of any channel to withdraw using GBP means that UK customers will struggle to get their funds out of the exchange.
A Binance spokesperson told Decrypt that Faster Payments could be back online "within the hour," but declined to comment on possible withdrawals using bank cards.
Faster Payments—owned and operated by payments authority Pay.UK—allows for mobile, Internet, telephone and standing order payments to move swiftly between UK bank accounts.
'Faster Payments' shows as 'suspended' for GBP deposits. Please tell your UK customers what is going on (a simple message in our inbox will be fine, but a public announcement will be better), I want to know whats happening !!
— Keith Mason (@KeithMasonAK) June 28, 2021
Faster Payments has been down for would-be UK Binance customers since yesterday. However, as of this morning UK time, withdrawals from Binance using a bank card are also “suspended”.
The removal of both GBP payment channels on Binance for UK customers comes as the FCA issued a consumer warning relating to Binance Markets Limited, the crypto exchange’s UK entity.
While the FCA doesn’t have a remit that would encompass banning Binance in the UK directly, the financial watchdog prohibited Binance Markets Limited from offering any “regulated services” in the UK.
The UK's Financial Conduct Authority (FCA) has confirmed to Decrypt that its decision to issue a consumer warning against Binance Markets Limited over the weekend was related to the firm's anti-money laundering standards. “Putting two and two together, we obviously have issues with standards in that area,” a spokesperson for the FCA told Decrypt today. The FCA declined to elaborate on the specific concerns it has regarding Binance Markets Limited’s approach to AML (anti-money laundering) safeg...
This strikes a blow to Binance’s efforts to launch a bespoke UK crypto exchange, because Binance Markets Limited was acquired in order to “own and operate” Binance’s planned UK exchange.
“The broader implication of this move by the FCA is that regulators around the world are going to increase their attempts to regulate an industry that is becoming too big to ignore,” said Elan Nahari, contributor to DeFi protocol Sovryn.
Crypto exchange Kraken is willing to hit some pretty tight deadlines, as the exchange works to elevate its brand and market share through a new business solution dubbed Kraken Embed, according to the company’s Head of Payments and Blockchain Brett McLain. In an interview with Decrypt, McLain said that Kraken’s recent tie-up with bunq, a Netherlands-based neobank, was the result of a last-minute shift—and a blueprint for how the company could expand its presence through relationships with similar...
Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: Choppy week for Coinbase Coinbase flagged a $400 million cybersecurity breach this week—one of the biggest in the company’s history. The most troubling aspect is that the exploit arose because an overseas contractor was bribed to steal customer data. In a video posted online, CEO Brian Armstrong said that criminals were able to gain access to sensitive user data, including names, addres...
Hong Kong investment group Avenir snapped up another 3.4 million shares of BlackRock's iShares Bitcoin Trust ETF (IBIT) during the first quarter, bringing its holdings of the fund to nearly $700 million, according to a U.S. regulatory filing published Thursday—further evidence that spot Bitcoin ETFs are gaining traction among financial institutions. Avenir held 14.7 million IBIT shares worth $688 million as of March 31, according to its filing,. That marks a 30% increase from the firm's IBIT ho...
