Read top stories of the previous week to catch up on the news. | Cointribune EN Forum 🇬🇧

Read top stories of the previous week to catch up on the news.

Binance to launch a UK arm
Huobi Global exits Chinese market
Unknown whale buys 100B SHIB coins
The Central Banks of France and Switzerland run CBDC tests
Bitstamp exchange addsSHIB to the listing

Binance to launch a UK arm

Binance, the world’s largest cryptocurrency exchange by trading volume, is now working to restore its business and reputation in the UK. To do this, Binance has hired a couple of hundred employees to solve legal and regulatory issues. Changpeng Zhao said that, in the coming months, the exchange intends to get registered to operate in the UK.

The UK will support 65 cryptocurrencies denominated in euros and pounds sterling. The deposit and withdrawal of funds will be carried out through the UK’s fast payment services and the Unified Payment Zone.

Huobi Global exits Chinese market

Cryptocurrency exchange Huobi Global announced that by the end of this year, Chinese customers will be denied access to transactions. The company decided to leave China before Beijing once again tightened regulation of the cryptocurrency industry.

Huobi has stopped registering new users in mainland China and announced that it would delete existing accounts by 31st December.

Unknown whale buys 100B SHIB Coins

It is known that Shiba Inu whales actively use periods of falling prices or micro consolidation to increase their stakes. This week, millions of dollars have been poured into SHIB.

A mystery whale added 99 billion SHIB worth $3,8 million (~£2,9 million) to his portfolio. In addition to the fact that the wallet of this whale is one of the largest holders of Shiba Inu, it also contains BNB, totalling about $500,000 (~£377,000).

The Central Banks of France and Switzerland run CBDC tests

Project Jura participants tested direct transfers from CBDC to euro and Swiss franc on a single DLT platform. The experiment was conducted using transactions with real value, under current regulatory requirements.

The participants of the experiment concluded that the European financial system needs improved universal payment and settlement mechanisms.

Bitstamp exchange added SHIB to the listing

The large cryptocurrency exchange Bitstamp has expanded the list of available digital assets. Now the platform’s clients can trade SHIB. The exchange took this step due to the growing popularity of Shiba Inu.

In addition to Shiba Inu, cryptocurrencies such as Perpetual Protocol (PERP), dYdX (DYDX) and Gala (GALA) have been added to Bitstamp.