Crypto Biz: Binance Join goes darkish, Prime Belief is bust and PayPal unveils Crypto Hub

It’s been one other week of combined developments within the crypto business, with established gamers winding down operations whereas newcomers introduce new crypto options and providers.

Binance’s buy-and-sell crypto arm was shut down on Aug.16, with the crypto trade remaining underneath widespread regulatory scrutiny, affecting key partnerships for its operations worldwide. Crypto custodian Prime Belief filed for chapter safety following months of uncertainty relating to the state of its funds.

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