(read more)īankrupt crypto lender Voyager Digital predicts 35% customer payout - REUTERSĬrypto Trading Should be Regulated Like Gambling, UK Panel Says - BLOOMBERG Secret crypto holdings are becoming an increasingly common conflict in divorces, atto. Norway should move faster on crypto rules, central bank says - REUTERSĮU watchdog calls for curbing leverage in crypto trading - REUTERS Hong Kong regulator to issue crypto licences with retail investor guardrails - BLOOMBERGĬrypto sector gets its first set of global rules from watchdog - REUTERS However, it is not clear what Binance will do afterward and the delisting of Litecoin by South Korean crypto exchanges cannot be taken as a measuring stick since South Korea in general is known for its strict privacy laws that forbid anonymous transactions on crypto exchanges.Ĭryptocurrency Prices Sag as SEC Files Charges Against Binance - BLOOMBERGīitcoin Faces Fresh Challenges After Debt Deal Moves Forward, Citigroup Warn - BLOOMBERGīitcoin Coders Feud Over Whether to Crush $1 Billion Frenzy for Memecoins - BLOOMBERGĬrypto insurer Evertas authorized to offer largest single crypto insurance policy - REUTERSĮlon Musk is accused of insider trading by investors in Dogecoin lawsuit - REUTERSīitcoin Faces First Monthly Drop of 2023 as Crypto Revival Cools - BLOOMBERGīitcoin Discount Emerges on Binance Australia Ahead of Payment Cutoff - BLOOMBERGīitcoin’s Volatility Drops to Lowest Since 2020 While AI Tokens Take Off - BLOOMBERG Interestingly, the delisting by the South Korean crypto exchanges came weeks after they issued warnings similar to what Binance has issued today.
LITECOIN MWEB NEWS UPGRADE
Major South Korean exchanges delisted LTC after MWEB upgradeīinance announcement of not supporting MWEB transactions comes just days after major crypto exchanges from South Korea announced delisting Litecoin due to the MWEB upgrade that conceals transactions. Being an opt-in feature, crypto wallets also have the option of integrating it though they are not obliged to do so to support Litecoin transactions. MWEB is simply an opt-in feature that users can choose to use while still continuing to make standard transactions on the main chain. Those using the MWEB can council how many LTC tokens they send or receive and how many LTC tokens are in their MWEB address. The MimbleWimble Extension Blocks (MWEB) function that allows users to make confidential transactions comes at a when crypto exchanges are increasingly compelled to implement KYC and AML guidelines. This will result to a direct loss of funds.Īs a result, Binance has advised users to avoid making LTC deposits using the MWEB to avoid losing their funds. The MWEB is a new Litecoin upgrade launched on May 20 this year that provides Litecoin blockchain users to choose to make confidential LTC transactions that do not reveal any transaction details.Īccording to Binance, any LTC tokens deposited using the MWEB function will not be “received or returned” since Binance is not able to verify the sender’s address. According to an announcement made today by Binance on its website, the crypto exchange will end the support of Litecoin (LTC) deposits and withdrawals that use the MimbleWimble Extension Blocks (MWEB) function.
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