Binance Slashes Withdrawal Limits Without KYC – July 28

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$40,687

Bitcoin price has broken through the $40,000 mark today, currently holding strong above the key level.

Top-20 altcoins appear strong, as Ethereum gains 3%, Dogecoin rises 4% and XRP jumps 15%.

Top Stories for July 28, 2021 🔥

👉 Binance Slashes Withdrawal Limits Without KYC

Leading cryptocurrency exchange Binance has slashed withdrawal limits for its existing users, now permitting just 0.06 BTC to be withdrawn without KYC verification.

The new limits go into effect in August, giving existing users just a matter of days to withdraw at the previous limit unless they verify their identity.

Previous limits allowed a maximum withdrawal of 2 BTC without KYC, a significantly larger amount at current market prices.

👉 Senator Warren Pushes Treasury Secretary To Regulate Crypto

Senator Elizabeth Warren is pushing Treasury Secretary Janet Yellen to regulate cryptocurrency, claiming that it is becoming a growing risk to the financial system.

Warren has highlighted stablecoins and decentralized finance as a risk to banks, and that she believes the Financial Stability Oversight Council should act quickly to address such risks.

👉 Solana Stablecoin Exchange Raises $7.7M From Social Capital & Others

Solana-based exchange Saber has raised $7.7 million in funding, including  a contribution from Chamath Palihapitiya’s Social Capital.

The project is a cross-chain stablecoin exchange, which is designed to be used to swap stablecoins and wrapped tokens across multiple networks.