Binance CEO Changpeng Zhao (CZ) published a tweet re-encouraging followers to “ignore FUD” – this time surrounding rotating management at his exchange’s U.S. subsidiary, Binance.US. The statement follows three executive departures from the exchange this week, mimicking earlier, similar behavior from top brass at the international exchange. In his tweet, CZ noted speculation regarding recent...Read More
The crippling space of Binance US faced a critical decision regarding its future. Here’s the inside scoop on what transpired: The company explored the possibility of selling shares held by Binance co-founder Changpeng Zhao (CZ) to stay on track with its growth plans. However, it ultimately opted to reduce its workforce by one-third instead. Is...Read More
Binance the crypto giant is facing legal trouble, senior resignations, and even DOJ investigations. Binance’s token, BNB, is taking a hit. Could it be that Binance is selling Bitcoin from its balance sheet to support its token? In a recent X post, Deaton is now wondering if Binance will challenge the SEC’s decision to keep...Read More
Some of the most trending memecoins in the past few months – SHIB, BONE, and LEASH – have captured the attention of numerous cryptocurrency exchanges. One such marketplace that recently listed the assets on its platform is the Australia-based GroveX. SHIB, BONE, and LEASH Expand to Australia The crypto exchange announced the news on X...Read More
The price of Curve DAO (CRV) tokens briefly fell below $0.40 on Wednesday as over-the-counter (OTC) transfers made by the DeFi project’s founder, Michael Egorov, were later transferred to Binance. As reported by blockchain security firm PeckShield, one of Egorov’s counterparties from last month. transferred 609,000 CRV tokens to Binance on Wednesday. When investors send...Read More
Binance continues delisting certain cryptocurrencies. It’s the world’s largest cryptocurrency exchange, and it’s important to keep tabs on the coins that are being removed from it because this usually carries certain implications. The exchange doesn’t cite the exact reason for its decision but says that there are multiple factors, low liquidity, and trading volume being...Read More
President and CEO of Binance.US, Brian Shroder, has exited the cryptocurrency exchange as the company faces legal actions from US regulators. Shroder, who assumed his position in 2021, will be replaced by the Chief Legal Officer of Binance.US, Norman Reed, on an interim basis, according to Bloomberg, citing the exchange’s spokesperson. Binance.US also slashed one-third...Read More
Grayscale’s victory over the SEC could be seen as a major setback for the financial regulator, which has intensified its enforcement efforts against the cryptocurrency industry. However, this landmark win did not translate into a notable increase in the accumulation of crypto assets in the spot market. In fact, CCData’s latest report disclosed that the...Read More
A hedge fund manager whose firm was ravaged by FTX’s November collapse is now warning of a second-coming “implosion” at Binance. On Tuesday, Ikigai Asset Management founder Travis Kling published a historical timeline outlining a history of “negative events” at Binance since December 2022, attracting attention from some of the exchange’s top brass. How Binance...Read More
Binance will be removing several spot trading pairs in an effort to maintain a high-quality trading market and protect its users. This decision was made following periodic reviews of all listed spot trading pairs, considering liquidity and trading volume factors. Binance has announced that from Sept. 8, it will stop trading on various spot trading...Read More
Changpeng Zhao – CEO of Binance – dismissed the speculation that the popular TV personality Jim Cramer declared his approval of the largest cryptocurrency exchange. Some crypto proponents joked that this is actually good news for the trading venue, considering Cramer’s controversial statements and predictions in the past. The host of CNBC’s “Mad Money” has...Read More
Portuguese soccer legend Cristiano Ronaldo has taken a lie detector test for the world’s largest crypto exchange, Binance, an activity he called one of his hardest challenges. The lie detector test stirred mixed reactions and speculation from the crypto community regarding Binance’s aim for subjecting the soccer megastar to such activity. Ronaldo’s Partnership With Binance Ronaldo’s...Read More
Binance, one of the world’s largest cryptocurrency exchanges, has made a strategic move to regain access to the Belgian market. The exchange recently faced regulatory tensions in the country, which led to a halt in its services. To ensure continuity for its Belgian clientele, Binance has decided to route its services through Binance Poland Sp.,...Read More
The U.S. Justice Department may have already indicted or intends to indict Binance, according to cybersecurity expert John Reed Stark. He suggested that a recent motion in civil court aimed at keeping the matter secret may be evidence of impending legal action against the cryptocurrency exchange. Binance, which operates one of the world’s largest cryptocurrency...Read More
Binance has unveiled a new feature for its Latin American clients. This solution will enable users in nine Latin American nations to transmit crypto via Binance Pay; hence, beneficiaries in Argentina and Colombia can directly collect these transfers into their bank accounts. Binance announced the new “Send Cash” feature on Aug. 29, which promises a...Read More
The Japanese subsidiary of Binance will reportedly provide trading services with additional digital currencies in the near future. The crypto behemoth re-entered the Land of the Rising Sun earlier this summer after departing in 2018 due to regulatory problems. According to a Bloomberg coverage, Binance Japan will soon increase the number of supported cryptocurrencies on...Read More
Crypto exchange giant Binance will stop support for BUSD by 2024 after Paxos halted minting the stablecoin following a regulatory clampdown. The firm, meanwhile, has asked users to convert their BUSD to FDUSD, a stablecoin recently listed on the Binance platform. Binance, in an announcement on Aug. 31, revealed that it will delist BUSD spot...Read More
Famous footballer Cristiano Ronaldo went through a lie detector test conducted by cryptocurrency exchange Binance, a move that has sparked curiosity among his millions of fans and followers. Although the reason for the test remains unclear, the athlete acknowledged it as one of his toughest challenges yet. The video for the test has yet to...Read More
Binance, the world’s largest cryptocurrency exchange, announced the termination of its crypto debit cards for customers in the Latin America and Middle East regions from September 2023. According to a response to inquiries by an X (formerly Twitter) user, the Binance crypto debit cards will no longer be available in the affected regions from September...Read More
Binance, a leading cryptocurrency exchange recently experienced five major Bitcoin withdrawals worth $150 million in the span of a minute. The transactions were all recorded in block 804522 and could be indicative of various factors, such as security, investment strategy, or preparation for a significant transaction. The movement of such an enormous amount of Bitcoin...Read More
Binance CEO Changpeng Zhao (CZ) credited a little-known X (formerly Twitter) user on Wednesday for dispelling rumors of internal chaos at Binance, which suggested that the exchange was desperately selling its Bitcoin stash to protect the price of its native token, BNB. The rumors pertained to a vulnerable BNB collateralized DeFi loan on Venus protocol...Read More
In a move to bring back dollar transactions for US customers, Binance.US, the American subsidiary of the world’s largest cryptocurrency exchange, has inked a new partnership deal with crypto payments startup MoonPay. Binance.US, which is in an ongoing legal battle with the Securities and Exchange Commission (SEC), suspended USD deposits for users in the United...Read More
Binance, one of the world’s leading cryptocurrency exchanges, will soon remove several spot trading pairs from its platform. The removal will take effect on August 25, 2023, at 03:00 (UTC). Binance users are advised to take note of this change and make any necessary adjustments to their trading strategies. The trading pairs that will be...Read More
Shiba Inu and BNB coin have recently been in the spotlight because of their latest developments. While Shiba Inu is creating excitement with the introduction of Shibarium, it also faces challenges. Simultaneously, Binance Coin is in trouble due to Binance’s regulatory issues and significant liquidations on the Venus protocol. Consequently, there are rising concerns about...Read More
Cryptocurrency exchange Binance’s investment arm, Binance Labs, has announced its latest investment in Delphinus Lab, a provider of zkWASM infrastructure. With this investment, Delphinus Lab aims to provide automated verification and batch processing services for Web3 application development. The company has already introduced the first fully open-source zkWASM virtual machine, making it easier for developers...Read More
Binance will start with a deposit halt for all trading pairs linked to these tokens, including SNM/BTC, SNM/BUSD, SRM/BUSD, and YFII/USDT, on August 22, at 03:00 UTC. The discontinued services for the three tokens encompass Binance Simple Earn, Binance Loans, Binance Pay, Binance Gift Card, and Binance Trading Bots. While deposits will be halted next...Read More
Binance filed a motion requesting a protective order against the US Securities and Exchange Commission (SEC), claiming the regulator is conducting a “fishing expedition” instead of seeking the narrow and “limited” discovery authorized by the Consent Order to ensure the security and availability of customer assets. The motion asserts that Binance has already provided the...Read More
The crypto market recently survived July’s CPI data, leaving Bitcoin to consolidate near the $29.5K mark. The SEC’s recent delay on spot BTC ETF applications has left investors with no choice but to invest in altcoins. Over the last week, meme coins dominated the market with Shiba Inu (SHIB) leading the momentum. However, altcoins like...Read More
Stablecoin issuer Circle is a US-based company, and 70% of its USDC adoption originates from non-US regions. According to the estimations of Circle CEO Jeremy Allaire, some of the fastest growing areas are emerging and developing markets, which are not in the country that has been facing severe regulatory uncertainty. Not Fixated on US Allaire...Read More
Binance has taken an innovative step by incorporating Shiba Inu (SHIB), among other crypto assets, as a collateral option on its platform. The move not only demonstrates the continual evolution of the crypto-financial landscape but also has sparked significant interest in the Shiba Inu ecosystem. Expanding the Horizons Binance has announced a significant expansion of...Read More
