Binance Adds 15 Fiat Currency Options for Purchasing Crypto

Binance’s debit and credit card partner Simplex is now offering 15 more fiat currencies that are supported for purchasing Bitcoin, Ether and others.

Binance has added 15 additional fiat currency options for Visa and Mastercard purchases on its platform. Since Feb. 14, the exchange’s partner Simplex can be used to buy crypto across many countries in the world.

The list of supported currencies has been expanded to the British pound sterling, South Korean won, Russian ruble, Australian dollar, Swiss franc, Czech koruna, Danish krone, Norwegian krone, New Zealand dollar, Polish złoty, Swedish krona, Turkish lira, South African rand, Hungarian forint, and Israeli shekel.

Binance users can utilize this option via the Buy Crypto page, which allows purchases of a select list of cryptocurrencies: Bitcoin (BTC), Binance Coin (BNB), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and XRP.

The option is not cheap, however. The Simplex fee is usually around 7%, which is generally more expensive than a credit card cash advance. However, Simplex settles the transactions in the chosen currency, instead of U.S. dollars or others. This means that many users avoid their card’s foreign exchange fee, which is usually 2–3%.

Quote for 17,200 Rubles, or 1 ETH according to official exchange rates

Quote for 17,200 Rubles, or 1 ETH according to official exchange rates. Source: Binance.com

Push for more fiat options

Binance is increasingly appearing in the spotlight for adding more fiat exchange options. The exchange added Russian ruble support to its Peer-to-Peer exchange platform recently. This option is also available from the Buy Crypto page, promising much lower fees.

The system relies on independent peers facilitating the exchange. Binance is also making efforts in adding more currency merchants through a program launched in January.

North Korea's Lazarus Group masterminded $100M Harmony hack: FBI confirms

The FBI also confirmed earlier reports this month by figures such as ZachXBT that the hackers had started moving a large chunk of the funds around via privacy protocols. The Federal Bureau of Investigation (FBI) has confirmed the Lazarus Group and APT38 as the culprits behind the $100 million Harmony Bridge Hack from June 2022. The North Korea-linked cyber group had long been suspected of being behind the attack but their involvement hadn’t been confirmed by authorities until now. According to a Jan. 23 statement, the FBI noted that “through our investigation, we were able to confirm that the Lazarus Group and APT38, cyber actors associated with the DPRK , are responsible for the theft of $100 million of virtual currency from Harmony’s Horizon bridge.” The Harmony Bridge hack in 2022 was the result of security holes in Harmony’s Horizon Ethereum bridge which allowed the cyber attackers to swipe a number of assets stored in the bridge via 11 transactions. The FBI also outlined t...

Далее...

South Africa learns a hard crypto lesson amid fast growing demand

South African authorities will be keeping a close eye on the cryptocurrency space in 2021 in the wake of major scams and booming markets. Authorities in South Africa appear to be paying closer attention to the cryptocurrency space in 2021 in the wake of a major Bitcoin ( BTC ) Ponzi scheme and increased trading activity. As a result, the South African Financial Sector Conduct Authority has called for tighter controls of the crypto space following the collapse of what has been described as the biggest Ponzi scheme the country has ever seen. In December 2020, Mirror Trading International went into provisional liquidation after one of its directors allegedly skipped the country, taking with him access to a copious amount of Bitcoin that investors had entrusted to the company over the past few years. In January 2021, MTI claimed to have over 260,000 members around the world and had amassed 23,000 BTC of investor’s holdings, which is worth over $1 billion in today’s market. The South ...

Далее...

Palau advances CBDC with Ripple in phase 2 of PSC program launch

The second phase of the PSC program will prioritize the development of a digital ecosystem and increased user engagement, emphasizing adherence to regulatory compliance. The Ministry of Finance of Palau officially launched the second phase of its Palau Stablecoin (PSC) program. Jay Hunter Anson, a cybersecurity consultant in Palau and adviser to the Ministry of Finance, confirmed the program’s second phase launch on Dec. 15 in a post on X (formerly Twitter). Anson said that Palau aims to extend its partnership with Ripple in phase two, allowing the PSC team to leverage Ripple’s central bank digital currency (CBDC) platform and technical expertise. PSC is a digital currency pegged to the United States dollar, which uses Ripple’s XRP Ledger. Read more

Далее...

OnlyFans reverses decision to ban porn after assurances from 'banking partners'

At least one bank appears to have changed course after OnlyFans went public about banks blocking payments. OnlyFans has made a sharp u-turn on its decision to ban sexually explicit content after it received a backlash from creators and some new assurances from at least one bank suffering bad PR. The platform became wildly popular by connecting online sex workers to subscribers, but this has not gone down well with a number of major banks. The firm was forced to change its policy on Aug. 19 to prohibit “sexually explicit conduct” following pressure from the Bank of New York Mellon, Metro Bank, and JPMorgan Chase, who refused to provide services to users of the platform. In a tweet on Aug. 25, OnlyFans stated that it has now reversed this decision and it “will continue to provide a home for all creators.” Thank you to everyone for making your voices heard. We have secured assurances necessary to support our diverse creator community and have suspended the planned October 1...

Далее...

Moneygram buys 4% stake in crypto ATM operator Coinme

The investment follows a May 2021 partnership between the two firms aimed at expanding access to crypto-fiat exchanges. Money transmission network MoneyGram now has a minority investment in crypto ATM operator Coinme following a Series A funding round. In a Wednesday announcement, MoneyGram said it had purchased a roughly 4% ownership stake in Coinme — likely more than $764,000, given its valuation of $19.1 million in June — as part of a strategic investment in the crypto company. The investment follows a May 2021 partnership between the two firms aimed at expanding access to crypto-fiat exchanges. "We continue to be bullish on the vast opportunities that exist in the ever-growing world of cryptocurrency and our ability to operate as a compliant bridge to connect digital assets to local fiat currency,” said MoneyGram CEO Alex Holmes. “Our investment in Coinme further strengthens our partnership and compliments our shared vision to expand access to digital assets and cryptocu...

Далее...

QuickSwap (QUICK) gains 420% as Polygon’s (MATIC) L2 network attracts new liquidity

Low fees and high yield opportunities briefly pushed QUICK price above the $1,000 mark as the Polygon-based layer-two solution sees adoption from new blockchain projects. As the Ethereum network progresses along the slow, steady path toward Ethereum 2.0 and the full transition to proof-of-stake, layer-two solutions have arisen as the best solution to the current challenges associated with high gas fees and network congestion. One layer-two solution that has emerged as a top choice for decentralied finance projects and traders is Polygon, which over the past week, has seen its price of its MATIC token climb toward new highs due to a surge in activity on its QuickSwap decentralized exchange (DEX). MATIC/USDT 4-hour chart. Source: TradingView Data from Cointelegraph Markets and TradingView shows that after hitting a low of $0.34 on April 25, the price of MATIC rallied 161% over the next three days to reach a new all-time high at $0.897 on April 28. QUICK rockets higher While t...

Далее...

CryptoNew

Поиск по этому блогу

Palau advances CBDC with Ripple in phase 2 of PSC program launch