Chain News Daily Official TheBitTimes.com

Binance is facing hurdles in its bid to re -enter the U.K. market due to hesitancy from potential local partner s amid concerns from regulatory bodies. According to Bloomberg, which received anonymous reports from people close to the matter, three U.K. entities licensed to liaise between crypto platforms and their clientele have declined Binance’s overtures in the past few months. Under U.K. regulations, Binance must obtain endorsement from a firm sanctioned by the Financial Conduct Authority (FCA) to oversee financial promotions. This ensures that any public communication adheres to the FCA’s stringent guidelines. You might also like: Binance and Hamas connection alleged in major financing lawsuit Despite these setbacks, Binance maintains that its search for a compliant partner is ongoing and not without hope. The company refuted claims of difficulty in partner ing with FCA-approved firms. Binance told Bloomberg that the exchange is actively discussing with p...

The circulating supply of SUI tokens will grow by nearly 15% by the end of 2023. The price of Sui (SUI) has dropped sharply after its market debut across leading cryptocurrency exchanges. On May 5, SUI price was $1.26 per token, down about 70% from its record high of around $4, established two days ago on Binance. Interestingly, on other exchanges like Kraken, the token's market top was $1.60 or lower, suggesting it was in "price discovery" mode after the launch. SUI/USD daily price chart. Source: TradingView Still, SUI maintains its overall market gains, up nearly 1,200% from its market debut. Early SUI price fundamentals SUI's initial uptrend draws support from traders who view Sui — a new entry into the long list of layer-one blockchain projects — as potentially more scalable than its rivals. Mysten Labs, Sui's original contributor, asserts that it will become the first internet-scale programmable blockchain platform thanks to its claims of processing about 3...