Crypto Biz: Binance slashes prices, Ripple prepared for US banks and crypto VCs return

The crackdown on crypto companies by the US Securities and Trade Fee (SEC) seems to have severely affected Binance’s enterprise. Throughout the previous few weeks, the crypto change reportedly fired over 1,000 workers and slashed some advantages.

Based on Binance, the “present market setting and regulatory local weather” have induced a decline in income, suggesting extra cuts could also be within the works. A spokesperson instructed Cointelegraph the agency would take into account scaling again on “sure merchandise, enterprise items, workers advantages and insurance policies” in response to enterprise and regulatory considerations.

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