Author: Crypto Insider

World’s biggest cryptocurrency exchange Binance is rolling out immediate verification requirements for all its users in support of its expanded know-your-customer (KYC) and anti-money-laundering (AML) policy. Binance will limit services for existing users unless they adhere to the new requirements. As the crypto exchange claims, it requires all its users through intermediate verification to further…

Breaking crypto news from the last week (14 – 20 Aug.2021): 14 Aug.: Launched in the UAE, the 6-part online course in crypto aims to help young students understand the power of the crypto market. The program covers subjects from the history of money to how to create one’s own non-fungible token. 15 Aug.: Major…

Financial Times reported that a group of investors, which claims multimillion damages after a Binance service outage, has raised $5 million to sue the crypto exchange. However, the case will likely be complicated by the ambiguous legal status of Binance. Binance has explained the crash due to technical problems, engaging with users affected by the…

Cardano has achieved a new all-time high of $2.54 in the early hours of trading Friday morning. ADA’s market capitalization topped $80 billion compared to Binance coin’s (BNB) $72.1 billion, according to Messari provider’s data. It has surpassed Binance’s native token in total market capitalization, becoming the third-largest crypto in the world. Cardano (ADA), the…

Following the debut success of Kusama Parachain auctions back in June of this year, the Kusama Council is set to approach a further five auctions. The good news is rolling in for the Polkadot team, who’ve been working hard on Parachain auctions on its testnet. In addition to being secured by the central Relay Chain,…

Major fashion house Philipp Plein, based in London, has started accepting 15 different types of cryptocurrency, expecting the biggest impact to be through its online channels over in-store purchases. The company’s founder believes that other leading brands will follow his suit. Switzerland-based Philipp Plein Group in early August announced accepting various cryptocurrencies, including Bitcoin and…