Binance Gets an Approval from Bahrain and a Fine from Turkey + More News
Last updated:
Ad Disclosure
Ad Disclosure
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Ad Disclosure
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read more
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
__________
Exchanges news
- Binance received in-principle approval from the Central Bank of Bahrain (CBB) to establish itself as a cryptoasset service provider in the Kingdom of Bahrain. The in-principle approval from CBB still requires Binance to complete the full application process, which is expected to be completed in “due course”.
- Turkey’s Financial Crimes Investigation Board (MASAK) has fined Binance Turkey TRL 8m (nearly USD 750,000) after the crypto exchange failed the financial watchdog’s audit for monitoring Anti-Money Laundering (AML) compliance, per local outlet Anadolu Agency. With this, Binance reportedly becomes the first crypto business to get fined by the Turkish government.
Legal news
- Indian Additional Commissioner of Police Shikha Goel warned Indian citizens during an event hosted by the Hyderabad city police about the rise in cybercrime, suggesting not to transfer cryptocurrencies to unauthorized private wallets. After explaining the fraud, Goel also highlighted that sixteen such cases have been registered involving cryptocurrencies.
Mining news
- Bitcoin (BTC) mining difficulty, or the measure of how hard it is to compete for mining rewards, came quite close to its all-time high of 25.05 T recorded in mid-May. On Christmas day, it went up 0.32%, which followed a previous rise of 8.33% recorded two weeks prior – and which together brought the mining difficulty to 24.27 T. The hashrate, or the computational power of the network, has been steadily climbing as well.
Metaverse news
- Polygon (MATIC)-based, luxury marketplace UNXD and Ethereum (ETH)-based Decentraland plan to offer a metaverse fashion week that will include catwalk shows, pop-up shops, and after-parties, according to a tweet. The event is planned for March 24-27. Decentraland called for designers, brands, and fashionistas to present their virtual collections during the fashion week.
Wallets news
- Crypto wallet MetaMask has announced they will release an improved interface that will allow users to view their portfolio value and assets across all accounts, with an easier-to-use experience. They have not given a date of release.
- How Tether Co-Founder William Quigley Views Crypto Regulations in Trump’s Second Term
- Trump Appoints PayPal Veteran David Sacks as ‘White House AI and Crypto Czar’
- What’s Happening in Crypto Today? Daily Crypto News Digest
- Trader Explains Why XRP Could Skyrocket to $100 After Tristan Tate X Post
- US SEC Scales Back 50-Member Crypto Enforcement Team: Report
Recommended Articles

Bitcoin Network Activity Drops 15%, Hits Lowest Level in a Year
2025-02-07 20:49:35

Ethereum Price Stagnation Conditions, When Is a Pump Coming?
2025-02-07 19:22:39

Poland’s Central Bank Rejects Bitcoin for Reserves, Citing Security Concerns: Report
2025-02-07 19:51:20

US CFTC to Host Forum on Digital Asset Markets Pilot Program Launch
2025-02-07 19:17:12

Hex Trust Secures Strategic Funding Led by Morgan Creek Digital
2025-02-07 17:38:14

Berachain: Crypto Scam or Just Another Failed Project?
2025-02-07 17:19:15

Tokenized Gold Bars, Gold-Backed NFTs and Avatars Soon to Launch via MBD Financials and Indigo Precious Metals Collab
2025-02-07 16:07:28
More Articles
Authors List
+ 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors