Chain News by Thebittimes.Com

Join Our Telegram channel to stay up to date on breaking news coverage This year, Bitcoin has dropped by more than 70% from its all -time high . At the time of writing, BTC was trading at around $20,200. Despite this year’s harsh bear market, the CEO of Binance, Changpeng Zhao, argues that crypto is more stable than the rest of the financial space. Binance CEO says crypto is stable than other financial markets While speaking at Web Summit in Lisbon, Zhao said that while cryptocurrency prices were highly volatile, the technology, fundamentals, and limited supply remained intact. “It has been the most stable thing, technology-wise, in this turmoil situation.” 💸 @cz_binance, the CEO of @binance, took to Centre Stage to share an alternative view of the stability of this crypto winter . pic.twitter.com/HqANBCKYNj — Web Summit (@WebSummit) November 1, 2022 Zhao also addressed the regulatory framework surrounding the crypto space as Binance pushes ...

Join Our Telegram channel to stay up to date on breaking news coverage Binance, the world’s leading crypto exchange in terms of daily trading volume, has been making moves to receive official licenses from regulators around the world and simply be more regulatory compliant with the laws of the nations in which it operates. Now, it was granted a Class 3 registration by the Securities and Exchange Commission of Cyprus. CySEC officially recognized it and granted permission for the exchange to register as a crypto asset services provider (CASP), according to Binance’s recent announcement. Binance continues to step up regulatory efforts Binance is not the only major platform that sought the Cyprus license this year. Back in March, FTX exchange, one of Binance’s major rivals, also registered in the country, which is becoming a haven for cryptocurrency companies . With the registration, Binance basically received permission to start offering a number of crypto se...