Following a recent lawsuit filed by the SEC, Binance US has informed its users that it will temporarily halt all customer withdrawals and transition into an exclusively crypto-based exchange. The decision to do so is attributed to the intention of their banking partners to pause USD fiat channels.

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Cardano founder Charles Hoskinson recently made a surprising move aimed at reconciling with the XRP community, with whom he has had a strained relationship in the past. Taking to his official Twitter account, Hoskinson called for peace with the XRP community, sparking a series of debates on the platform.

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Banking giant JPMorgan has recently noted that the trend of de-dollarization is gaining momentum as central banks worldwide reduce their holdings of the United States Dollar (USD).

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The US Securities and Exchange Commission (SEC) has accused Binance, the biggest cryptocurrency exchange in the world, of mishandling customer funds and providing false information to American regulators and investors..

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