πŸ“° Crypto News of the Day: Binance, Bitfinex, and CryptoBridge by coingecko

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πŸ“° Crypto News of the Day: Binance, Bitfinex, and CryptoBridge
**πŸ“ Binance acquires Chinese blockchain data startup DappReview**

[Binance](https://www.coingecko.com/en/exchanges/binance) has acquired Beijing-based blockchain data startup DappReview for an undisclosed sum.

The acquisition is aimed at helping Binance further develop its existing dapps and create new blockchain use cases

This is Binance’s fourth publicly announced acquisition; DappReview will continue to operate as an independent unit after the acquisition.

The acquisition also means Binance will now have a wholly-owned subsidiary based in Beijing.

[BNB](https://www.coingecko.com/en/coins/binance-coin) is currently trading at $15.28

**⚑ Bitfinex now support deposits and withdrawals on Lightning Network**

In an email blast sent by the exchange, [Bitfinex](https://www.coingecko.com/en/exchanges/bitfinex) has announced it will support Lightning Network (LN) deposits and withdrawals starting Dec. 3. 

The move represents a first for a major crypto exchange.

With LN, Users will benefit from instant transactions and will pay almost zero fees to send funds.

[UNUS SED LEO](https://www.coingecko.com/en/coins/leo-token) is currently trading at $0.90

**🚧 CryptoBridge DEX shuts down, citing Regulation and markets**

The decentralized cryptocurrency exchange (DEX) [CryptoBridge](https://www.coingecko.com/en/exchanges/crypto_bridge) announced that it is closing down in a message on its website.

Users will be able to withdraw funds from the exchange until Dec. 15, deposits will be closed today.

The company cites market conditions, increasingly strict regulation and lack of funds as reasons for its decision to close and not pursue further development.

The DEX warned of fake social media accounts posing as them, stating, 
β€œall accounts on Twitter that are pretending to be representing CryptoBridge are fake. We are not planning a comeback at the moment.”
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