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  • Month: August 2023

Binance excludes Banco de Venezuela from P2P payment services

Binance, the world’s largest cryptocurrency exchange, has removed Banco de Venezuela from the payment methods included in its peer-to-peer (P2P) trading service. The move comes after last week’s move against sanctioned Russian banks and is likely part of efforts to comply with international financial sanctions. as stated by Venezuelan usersBanco [...]

Drought in Laos interrupts electricity supply for crypto mining

State-owned electricity distribution company √Člectricit√© du Laos (EDL) has announced that it will suspend electricity supply to crypto mining activities in the country, citing several reasons, including the difficulty of producing enough energy in drought conditions.According toannouncementLaos experienced drought in the first half of 2023. The extreme heat caused the [...]

Binance P2P removes sanctioned Russian banks from payment list

Binance removed its “yellow” and “green” payment options from its peer-to-peer (P2P) service on August 25 after it was criticized for using these codewords to represent sanctioned Russian banks, as confirmed by Cointelegraph. Payment method searches for color-themed code words yield no results. Source: Binance Binance’s peer-to-peer exchange service is [...]

Pro-XRP lawyer seeks testimony from Clayton and Hinman

John DeatonPro-XRP Lawyer Says U.S. Securities and Exchange Commission (SEC) Misfires in File for Facilitating and Abetting Charges Against XRP Brad GarlinghouseCEO of Ripple. deaton underlined statements from former SEC officials Bill Hinman And Jay Clayton, During the SEC and Ripple Labs lawsuitwould classify XRP (XRP) was considered non-security information [...]