Zhao responds to call to buy a bank
Binance's CZ: Buying bank not a fix for crypto troubles |
Acquiring a bank wouldn't solve the issues with banking for Binance or others, the CEO of the largest crypto exchange is convinced.
Speaking in the aftermath of the collapse of crypto-friendly banks in the U.S. and amid Binance's issues with payment providers in Australia, Changpeng Zhao said investments in several banks might be a better option although not a guarantee that crypto won't be cut off. Read more |
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Binance to remove privacy coins from 4 European markets Multiple reports have revealed that Binance, the crypto exchange with the highest trade volume, has announced the removal of 12 privacy-focused cryptocurrencies from its markets in Spain, France, Poland, and Italy.
Commencing on June 26, 2023, users residing in these four countries will no longer have the option to purchase or trade these privacy coins on Binance's trading platform. |
CNY to replace USD as main reserve currency, says Russian banker Russia's second-largest bank's chairman says there is every reason to expect the Chinese yuan to replace the U.S. dollar as the world's main reserve currency.
He highlighted that the central bank of Russia has already begun investing its reserves in yuan, and over 70% of the trade turnover between Russia and China is settled in yuan along with the ruble. |
Economist Peter Schiff blasts debt ceiling deal Peter Schiff, the chief economist of Europac and best-selling author, has blasted the recent bipartisan deal regarding the United States debt ceiling.
According to Schiff, the proposal fails to address the already inflated budget, allowing rises in several budget areas without supervision, which could increase the U.S. national debt by at least $4 trillion in the next two years. |
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