Binance Is Searching For New Alternatives In The US

The Binance cryptocurrency platform’s US unit is having problems obtaining a new banking partner in the US. The agreement would allow the corporation to provide a monetary entry and exit door for its consumers in the nation. This crisis, triggered by the failure of some institutions such as Silvergate and Signature Bank, as well as regular attacks by US law enforcement officers on the Changpeng Zhao platform, forced Binance to close.
As a result, Binance.US is in severe need of a bank. For what purpose? To directly hold its consumers’ US cash. Many efforts have been made by Binance, according to Wall Street Journal. Consumers Bancorp and Cross River Bank were two banks interested in forming cooperation.

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Telegram Raises $270 Million in Bonds for Growth and Profitability

Pavel Durov’s Telegram has announced that it issued $270 million in bonds this week to fund its growth until it achieves profitability. The move is intended to provide the necessary funding to bring the company closer to the break-even point . With this bond issuance Telegram is aiming to guarantee its development and secure the resources needed for its expansion . Bonds vs. Shares: The Reasoning Behind Telegram’s Choice Telegram’s decision to issue bonds instead of shares is due to the significant rise in interest rates beginning from 2021 . By going for bonds the company can benefit from a different issue price and tap into the pool of interested investors. Bonds offer a promise of repayment of interest and serve as a loan contracted with investors who believe in the companys potential. FOR MORE INFO: https://fincurrency.net/telegram-raises-270-million-in-bonds-for-growth-and-profitability

Bitget Sees Surge in Latin American Users Amidst Regulatory Pressure on Binance and Coinbase

Bitget is experiencing a significant increase in new accounts in Latin America with the region witnessing a surge in users following regulatory lawsuits against major competitors Binance and Coinbase . Latin American Users Flock to Bitget The popular crypto exchange Bitget has reported a 43% rise in new user registrations in Latin America from June 6 to 9 which surpasses the daily averages . The growth is particularly remarkable in Brazil and Argentina where the market share has expanded significantly . Brazil saw a 54% surge in new clients which was accompanied by a 208 % increase in total deposits . Meanwhile Argentina witnessed a 33% rise in its customer base with an 87 % growth in funds that are deposited . Bitget also operates in other Latin American countries such as Venezuela, Colombia and Mexico and has seen its total deposits in the region increase by 134 % in recent days . FOR MORE INFO: https://coinindexnews.com/bitget-sees-surge-in-latin-american-users-amidst-regulator...

What is Sui Network (SUI)?

This article aims to offer insights into Sui and examine its historical price fluctuations using price analysis , charts , and technical indicators . Our goal is to determine support and resistance levels while providing guidance for investors in making informed trading decisions. What is Sui and Features Sui (SUI) is a cutting-edge blockchain platform that aims to offer fast , private , secure, and inclusive digital asset ownership . It provides a Tier-1 infrastructure where smart contracts can be created and executed efficiently . Sui ‘s primary focus lies in optimizing low-latency transfers and ensuring instant transaction finality . One of the key features of Sui is its ability to achieve “horizontal scaling” through a technique called “transaction parallelization.” This innovative approach enables independent transaction types to undergo “parallel consensus,” allowing for efficient verification by Sui nodes . By organizing data as separate objects , each transaction can be verifie...

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