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Paysafe Payment Solutions, Binance’s European banking partner, said it would terminate support for Binance as it deals with regulatory challenges global ly. Binance is reportedly searching for a new provider for euro deposits and withdrawals via the Single Euro Payments Area (SEPA), after the UK-based payment network Paysafe said it would withdraw support from Sept. 25, 2023.  “Following a strategic review, we have taken the decision to cease offering our embedded wallet solution to Binance across the region. Paysafe and Binance are now working to mutually implement an orderly and fair process to terminate this service over the next few months.” Emailed statement by Paysafe to Bloomberg You might also like: Binance sets sights on UAE as key operational hub Paysafe and Binance inked a partnership deal in January 2022, enabling users to deposit and withdraw EUR on Binance via the SEPA payment network. Following the partnership, the Financial Conduct Autho...

According to the company, it produced 475 BTC in December 2022, bringing its total mined Bitcoins in the fiscal year of 2022 to 4,144 BTC. One of the largest Bitcoin mining operations in North America, Marathon Digital Holdings, has shared in an update that it has been experimenting with overclocking to increase its competitive advantage in the Bitcoin mining industry. Overclocking is the practice of increasing the clock speed of a computer’s central processing unit (CPU) or graphics processing unit (GPU) beyond the manufacturer’s rated maximum speed, potentially leading to improved performance in certain tasks.  According to the company's press release, it produced 475 BTC in December 2022, bringing its total mined Bitcoins in the fiscal year of 2022 to 4,144 BTC, a 30% increase from 3,197 BTC which was produced in 2021.  Marathon’s Chairman and CEO, Fred Thiel commented on the company’s decision to experiment with overclocking , saying: “These efforts position us to develop our...