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Sunday, July 14, 2024
HomeNewsBinance Unveils New Cloud Mining Products Amidst Regulatory Turmoil

Binance Unveils New Cloud Mining Products Amidst Regulatory Turmoil

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TL;TD:

Binance has announced the launch of a new batch of Cloud Mining products for BTC mining. Subscriptions for the new batch will begin on June 8, and mining operations are estimated to start around June 15. This comes amidst regulatory actions against Binance, including charges from the US SEC and a summon issued to the CEO.

Facts

  • ⚡ Binance has launched a new batch of Cloud Mining products for BTC mining.
  • ⏳ Subscriptions for the new batch will start on June 8, with mining operations estimated to begin around June 15.
  • ❄ Binance’s cloud mining products experienced outages due to a severe winter storm in North America in late December.
  • 🌩 Weather conditions may extend the duration of Binance’s cloud mining subscriptions.
  • 📚 The US SEC recently charged Binance in a significant enforcement action against the crypto industry.
  • 💼 Binance’s US subsidiary removed over 100 advanced trading pairs in response to legal pressure.
  • 📜 Binance’s CEO has been issued a summon by the US District Court and has alleged that the SEC Chair offered to advise Binance in 2019.

Source: CryptoPotato

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