![]() The news hit the wires on Wednesday of Paysafe Payment Solutions Limited, Binance’s EUR banking partner, ending services on September 25.īinance has faced increased scrutiny in Europe since the SEC filed charges against Binance.US, Binance, and Binance CEO CZ. ![]() By Bhushan Akolkar Binance News, Bitcoin News, Blockchain News, Cryptocurrency news. The crypto news wires added to the bearish mood, with Binance facing more scrutiny. Get real-time overview of the latest news stories about Binance. Binance, Coinbase, Robinhood: A Week of Crypto Crackdowns and Regulatory Fallout Week in Review. Binance Pay is a contactless, borderless and secure user-to-user cryptocurrency payment feature on the Binance App with more than 40 cryptocurrencies supported. Significantly, the chances of the Fed lifting rates to 5.75% in September stood at 16.4%, up from 15.4% on Tuesday. A modest increase in the chances of a September 25-basis point interest rate hike to take the Fed Funds Rate to 5.75% limited the damage.Īccording to the CME FedWatch Tool, the probability of a 25-basis point July Fed rate hike stood at 81.8% versus 76.9% on Tuesday. Bitcoin briefly plummeted to about 8,000 on Thursday but only on the Binance US trading platform. ![]() Crypto exchange Binance sued by SEC in latest blow from US regulators. Powell said consecutive interest rate hikes remained on the table, cementing bets on a July Fed rate hike.ĭespite the hawkish chatter, the NASDAQ Composite Index bucked the broader market trend, rising by 0.27%. News, analysis and comment from the Financial Times, the worlds leading global. However, Fed Chair Powell delivered a hawkish speech at the ECB central bank forum to test buyer appetite. Crypto miners including Riot Platforms, Marathon Digital and U.S.-listed shares of Hut 8 Mining declined between 5.3 and 6.6, tracking lower bitcoin prices. Trade BTCUSDT perpetual contracts on Binance Futures - the worlds leading crypto futures trading exchange with deep liquidity and low fees. There were no US economic indicators for investors to consider. It was a quieter Wednesday session on the US economic calendar. Fed Chair Powell and Binance-Related News Weighed Bitcoin price drops below 16K after FTX-Binance deal falls through David Hollerith Novemat 4:35 PM 4 min read Bitcoin prices dropped below 16,000 Wednesday afternoon after.
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