Sunday, October 2
Binance lowers withdrawal limits and launches tax reporting tool

Binance lowers withdrawal limits and launches tax reporting tool

Binance, the world's largest cryptocurrency exchange by trading volumes, continues its efforts to maintain dialogue with global regulators by introducing withdrawal limits and a new tax reporting system.The company officially Announced On Tuesday, a major update to its Know Your Customer policies, significantly lowering maximum withdrawal amounts for users who have not completed full identity verification.Effective immediately for new Binance accounts, users who have completed only basic account verifications will not be able to withdraw more than 0.06 Bitcoin (BTC) per day, worth approximately $ 2,400 at the time of writing. Previously, the maximum daily withdrawal amount was capped at 2 BTC, or around $ 80,000, Binance CEO Changpeng Zhao noted on Twitter.According to the announcement...
Nuggets News CEO Under Fire Over Alleged Unpaid Loans and Mutual Funds

Nuggets News CEO Under Fire Over Alleged Unpaid Loans and Mutual Funds

Alex Saunders, the popular crypto influencer behind Nuggets News, is facing a series of claims that he did not repay crypto loans, along with allegations that funds invested in a new project had been redirected to a crypto exchange.Saunders is one of the most respected Australian crypto educators. It provides a paid service and has 140,000 subscribers on YouTube.In recent days, Crypto Twitter has been littered with allegations that Saunders has run out of capital. Numerous people, including YouTuber BitBoy, say that Saunders personally owes them several Bitcoin (BTC) each, prompting investigations by the Australian Broadcasting Corporation (ABC) and the Australian Financial Review (AFR).According to the AFR, Saunders received roughly $ 7 million from roughly 100 investors looking to b...