Crypto.IQ Daily Radio Show May 14: Binance To Ban All United States Users, Bitfinex Burning Off LEO Tokens Every Hour, Circle Closing Down Its Retail Crypto Business

On this edition of the Crypto.IQ Daily Radio Show we do a deep dive market analysis. Bitcoin (BTC) has risen to $8,400, but most of the crypto market is in the red. It appears the market is being influenced by Binance’s announcement that all United States users are banned, and any accounts in violation of this condition will be forced to stop trading by September 12. However, in the meantime Binance says they may ask users for verification information if they live in the United States. This seems to be causing Binance users in the United States to sell off their altcoins and stablecoins and withdraw Bitcoin (BTC), resulting in the observed trend of altcoins declining and Bitcoin (BTC) rising. We discuss how Bitfinex is burning LEO tokens every hour transparently, and how eventually all LEO tokens will be burned. Hear about how Circle is closing down Circle Pay, effectively ending Circle’s retail crypto business. Learn about how PayPal, Uber, Visa, and Mastercard have invested $10 million each into Facebook’s cryptocurrency, and the white paper for Facebook’s cryptocurrency is expected to be published on June 18.