Binance’s crypto industry recovery fund has now grown past $2 billion after the leading cryptocurrency exchange by volume allocated another $1 billion to it. The initial allocation comes a day after Binance’s CEO, Changpeng Zhao, said it was eyeing $1 billion for the fund.
UK challenger bank Starling Bank has banned its customers from making transactions related to cryptocurrencies using its cards. The bank cited the “high risk” involved in cryptocurrency activities for the move.
Polkadot has announced a new initiative to help its ecosystem fight scams. The initiative is set to rely on security-minded individuals within its community, incentivizing them with rewards paid in USDC.
Top stories in the Crypto Roundup today:
- Crypto Industry Recovery Fund Grows to $2 Billion
- UK Bank Starling Banks Crypto-Related Transactions
- Polkadot Launches “Anti-Scam Bounty” Initiative
- Crypto Market Movers – TWT, LTC, DOGE