Binance presents new cloud in front of mining products in the middle of regulatory turbulence
Binance presents new cloud in front of mining products in the middle of regulatory turbulence
Binance announced the introduction of a new cloud charge of mining products for BTC mining in a statement on Wednesday. The cloud mining service of the stock Exchange was published last November and made it possible to earn users without mining equipment, mining rewards from the Binance Pool.
Subscriptions, on the other hand, are required to buy hash rates and Bitcoin mining in the Binance cloud.
- According to the official blog post, the subscription to the new batch begins on June 8 and takes place according to the principle "Whoever comes first". Meanwhile, it is estimated that the mining operation will begin around June 15th.
- Due to a severe winter storm in North America, there were failures in the Cloud mining products from Binance at the end of December.
- Before it was reported that further weather-related failures will extend the term of Binance's cloud mining subscriptions.
- The latest announcement takes place in the middle of stricter regulatory measures against the crypto exchange.
- On Monday, the US stock exchange supervisory authority Securities and Exchange Commission raised a number of charges against Binance as part of one of the most important enforcement measures by the regulatory authority against the crypto industry in history.
- Due to the strong legal pressure of the SEC to freeze its assets, the US subsidiary from Binance removed over 100 advanced trading pairs.
- the CEO of the stock exchange, Changpeng Zhao (CZ), was also delivered by the US district court for the District of Columbia, which obliges him to respond within 21 days.
- Since then, several controversial claims have appeared. The lawyers, represented the Binance and his CEO, recently claimed that SEC chairman Gary Gensler offered in March 2019 to act as a consultant for the crypto exchange.
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