✋ Binance suspends USD bank transfers

✋ Binance suspends USD bank transfers 🕵️ Coinbase former product manager pleads guilty to insider trading 💔 Crypto ads are banned from super bowl this year

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Now, for what's been going on in the space lately:

✋ Binance suspends USD bank transfers 

🕵️ Coinbase former product manager pleads guilty to insider trading

💔 Crypto ads are banned from super bowl this year

Binance suspends USD bank transfers

Binance is suspending all USD bank transfers starting today. Not the best news for the traders, but it's the new normal for crypto exchanges these days.

Binance's spokesperson spoke to various news outlets, saying that the move was indefinite and gave no further explanation. Binance also said that no other fiat currencies like the Euro were affected and that transferring crypto via other methods like credit card, Google Pay and Apple Pay, remained unaffected.

Binance US reassured everyone in a tweet that they weren't affected by this restriction and that it only affected non-US customers.

So is everything ok or are we looking at the beginning of a crypto banking crisis? We don't know yet, but one thing's for sure: crypto sure knows how to keep us on our toes.

Coinbase former product manager pleads guilty to insider trading

A former product manager from Coinbase pleaded guilty to insider trading involving crypto.

Ishan Wahi together with his brother Nikhil and a friend called Sameer Ramani were buying bags of the coins that Coinbase was about to list, right before the announcement.

They were reportedly aiming to make a quick buck, which they did - with an estimated amount of around $1.5 million in illicit gains, according to the prosecutors. That information got to Coinbase and they weren’t too pleased. The company didn't just sit back and do nothing though - they launched an internal investigation and they actually shared the findings with the authorities.

So, lesson learned - don't try to game the system or that quick buck you made can cost you a lot more in the end. It's illegal. Unless, of course, you know what you're doing, then it's a different story. But don't go there.

Crypto ads are banned from super bowl this year

There won't be any crypto ads during the Super Bowl this year according to Fox Sports. The "no-fun bowl" as you can now call it, will be without the various crypto-based commercials this year mainly thanks to the collapse of the FTX exchange in November.

Last year's Super Bowl had Crypto.com, Coinbase and FTX spending a combined $54 million on advertisement – it was dubbed the "Crypto Bowl" and spawned a huge load of memes.

After a year of crypto prices crashing, various industry bankruptcies and layoffs, it looks like the "Crypto Bowl" will be nothing more than a distant memory.

Super Bowl is watched by an estimated 100 million people globally each year, that's not impressive compared, for example, to other sports like soccer, but what's important here is that it's an audience with a high purchasing power. And it looks like this year crypto companies will not be able to tap into this potential. However, that doesn't mean that crypto is out of the game - it will just have to find alternative ways to reach its target audience.