binance

TrueUSD (TUSD) has emerged as the fifth largest stablecoin by market cap after Binance began using the token as its dollar-pegged crypto of choice in late February.  Last week, the BTC/TUSD trading pair surpassed 50% of Binance’s Bitcoin trading share, overtaking BTC/USDT. Is TUSD Tether’s Next Rival? According to an analysis from crypto market data...Read More

Binance notified about an issue affecting its Future users as only USD-Margined contracts were impacted. Nevertheless, the largest crypto exchange quickly outlined that the issue had been solved, and all operations are back to normal. Binance Futures announced fully resuming trading activity for USD-Margined contracts just minutes after the issue. According to Binance CEO CZ,...Read More

America’s war on crypto has targeted Binance, the world’s largest crypto exchange. In late March, the Commodity Futures Trading Commission unleashed a barrage of accusations against Binance and CEO Changpeng Zhao. Since then, the firm’s market share has plunged as much as 16%, according to recent research. On April 3, Kaiko research director Clara Medalie...Read More

On March 27, a federal judge temporarily halted bankrupt crypto lender Voyager Digital from completing a proposed $1.3 billion sale to Binance.US. The U.S. government had requested more time to explore the legality of the proposed takeover, prompting the response from judge Jennifer Rearden. According to reports, the U.S. Attorney’s Office for the Southern District...Read More

Hundreds of millions of dollars in crypto was withdrawn from Binance shortly after the exchange was slapped with civil charges by US regulators on Monday, on-chain data shows.  According to Nansen, the exchange has experienced $400 million in net outflows over the past 24 hours alone. By comparison, Binance has undergone over $2 billion in...Read More

Binance, one of the world’s largest cryptocurrency exchanges, has been facing regulatory concerns from authorities around the world. The exchange has been accused of violating a number of regulatory requirements, including anti-money laundering (AML) and know-your-customer (KYC) rules. Recently, Binance has been sued by the US CFTC for alleged derivatives trading violations.  Binance Faces Legal...Read More

On March 23, CNBC reported that a group of Binance angels shared techniques that allow users to bypass the platform’s KYC, residency, and verification systems. CNBC confirmed the information by reviewing hundreds of messages posted on a Discord server and a Telegram group controlled and operated by Binance, which apparently ran from 2021 to March...Read More

The United States Department of Justice (DOJ) has filed a memorandum of support to have the $1 billion asset-sale deal between bankrupt crypto broker Voyager Digital and Binance.US put on hold until an appeal motion is handled. U.S. attorney for the Southern District of New York Damian Williams and U.S. trustee William K. Harrington, alongside...Read More

The United States Department of Justice (DOJ) has filed an appeal to review a New York judge’s decision to approve the sale of bankrupt crypto lender Voyager’s assets to the American affiliate of crypto exchange Binance in a $1 billion deal.  According to a court document, the appeal was filed Thursday evening at the United...Read More

The SEC has been the driving force behind a recent spree of investigations into the crypto industry and a push for hard-hitting regulation to prevent further meltdowns. Although the Commission’s caution is definitely warranted, certain entities believe that the U.S. regulator is casting far too wide of a dragnet – including, in this case, a...Read More

Since being embroiled in a regulatory tussle, BUSD’s market cap went on a steep downward spiral. Since hitting an all-time high of $23.04 billion in November 2022, the market cap of the once-major stablecoin declined by more than 60% to $9.17 billion at the time of writing. The Paxos situation is indicative of the larger...Read More

Binance is looking to re-enter Singapore to offer its services in the city-state. As such, the crypto giant plans to apply for a permit for its custodial arm in “due course,” per Nikkei Asia’s report. Ceffu, formerly known as Binance Custody, is a firm offering custody and liquidity solutions. It has been operating as a...Read More

Binance, the world’s largest cryptocurrency exchange, denied a report published by Forbes titled “Binance’s Asset Shuffling Eerily Similar To Maneuvers By FTX,” which argues that the crypto giant transferred $1.8 billion associated with its users’ funds. According to Forbes, between August 17 and early December 2022, Binance moved “silently” $1.8 billion deposited “as collateral intended...Read More

The company has switched to a “semi-automated” process to govern the reserves that back the tokens it issues. In late January, it was discovered that Binance stored token collateral with user funds in the same wallet. Bloomberg reported that the firm mistakenly stored collateral for almost half of its 94 Binance-peg tokens (B-tokens) in a...Read More

Novotel Bahrain Al Dana Resort reportedly became the first hotel in the country to accept cryptocurrencies as a means of payment.  Other hotels located on the Arabian peninsula that embraced digital assets during the past several months include W Dubai – The Palm and Palazzo Versace Dubai. Entering the World of Crypto According to recent...Read More