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Binance has launched a new feature enabling users to obtain multiple deposit addresses for a single network. Recently, the cryptocurrency exchange has laid off more than 1,000 people. The Indian Presidency's guidance notes on crypto will serve as input in the discussions that will take place before next month's G20 Leaders' Summit, where India hopes for "some kind of outcome" in this area. With this crypto daily roundup, you can jumpstart your day with the latest updates on cryptocurrencies like Bitcoin, Ethereum, and more.
Bitcoin nursed its weekend wounds and posted mild gains to hold above the US$30,000 mark, while Ethereum was also slightly higher but held below the US$1,950 level. Ripple (XRP) appears to have slowed down following its mega rally late last week. Other popular altcoins like Dogecoin (DOGE), Litecoin (LTC), and Solana (SOL) saw a fair mix of dips and gains across the board. The global cryptocurrency market cap was trading slightly higher, rising to the US$1.22 trillion mark, as it increased less than a percent in the last 24 hours.
In response to user feedback, Binance has launched a new feature enabling users to obtain multiple deposit addresses for a single network. A new deposit address book function has been rolled out to allow easy management of multiple deposit addresses. The release allows users to manage funds more efficiently and flexibly on Binance.
Crypto giant Binance has laid off more than 1,000 people in recent weeks in a continuing exercise that could result in the exchange losing more than a third of its staff, the Wall Street Journal reported on Friday, citing a person familiar with the moves.
According to former employees, more employees were laid off this week, who said customer-service workers were heavily affected. The report added that the cuts were global, including about three dozen customer-service employees in India.
A New York federal judge says the U.S. Securities and Exchange Commission (SEC) could have warned Coinbase that it could violate securities laws before approving its application to go public.
District Judge Katherine Polk Failla wonders why the SEC didn't warn Coinbase of regulatory grey areas. She says the agency could have given the exchange advice or warning before green-lighting the public listing.
As reported yesterday, the entire crypto market had stalled, with most assets trading sideways for days. However, all that changed instantly after Judge Torres' decision was made public.
XRP had traded just below US$0.5 and could not overcome that level since June 23. The immediate impact of the ruling, though, sent the asset flying as it almost doubled its price within the next 12 hours to tap US$0.95.
The Indian Presidency's guidance notes on crypto will serve as input in the discussions that will take place before next month's G20 Leaders' Summit, where India hopes for "some kind of outcome" in this area. These discussions will be on the synthesis paper by the International Monetary Fund (IMF) and Switzerland-based Financial Stability Board (FSB), tasked with synthesizing the macroeconomic and regulatory perspectives of crypto-assets to help formulate policies.
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