The world’s leading cryptocurrency exchange continues to tailor its product suite in a way that caters to customer protection regulations. In a recent announcement, the exchange revealed that users from Hong Kong “will not be able to open new derivatives products accounts,” with immediate effect. Moreover, “with effect from a date to be announced in...Read More
Just a few days after filing a motion to receive access to “obtain international discovery” of records belonging to Binance, US Magistrate Judge Sarah Netburn has approved Ripple’s request. The documents should shed some light on the company’s XRP sales made on the exchange. Through its legal team, Brad Garlinghouse, the CEO of Ripple, filed...Read More
The Ethereum blockchain is scheduled to undergo the London hard fork, and several exchanges are taking precautions to ensure users’ funds remain secured once the hard fork is successfully deployed. At block height 12,965,000, estimated to take place tomorrow (August 8th, 2021), Ethereum was scheduled to undergo the hard fork, and two scenarios are likely...Read More
Leading cryptocurrency exchange Binance has completed the integration of Polygon mainnet to support deposits and withdrawals of the mainnet token of the Ethereum-scaling network. Binance Now Supports MATC Mainnet Token According to a press release shared with CryptoPotato on Friday, Binance users will now be able to make deposits and withdrawals with the MATIC mainnet token. ...Read More
The world’s leading cryptocurrency exchange has announced that it will cease providing futures and derivatives products in three European countries. Users from the Netherlands, Italy, and Germany have three months to close their positions. According to an announcement from July 30th, customers from the aforementioned countries cannot open new futures accounts on Binance with “immediate...Read More
As regulatory pressure intensifies, leading cryptocurrency exchange Binance has today announced that it would no longer provide support for three fiat currency pairs on its margin trading platform. Binance to Delist All AUD, EUR & GBP Margin Pairs In an official blog post published on Monday, Binance announced that it would delist all margin trading...Read More
Despite its recently rocky relationship with global regulators, leading cryptocurrency exchange Binance has revealed that its U.S.-based division, Binance US, is considering going public. Binance US Considers IPO Changpeng Zhao (CZ), founder and CEO of Binance, made this known at the ReDeFiNE Tomorrow 2021 blockchain virtual conference. Speaking on the future plans and the regulatory...Read More
One of the most highly anticipated events in the Binance community is the quarterly burn of BInance Coin (BNB). This time around, the company burned almost $400 million worth of it. Binance, the world’s leading exchange by means of trading volume, has completed the 16th quarterly burn of BNB. According to the company, the entire...Read More
Binance announced earlier on July 16th that it has “effective immediately” halted one of the most recently-released services – trading digital tokens representing equity stocks. This comes amid the exchange’s regulatory issues in numerous countries. CryptoPotato reported in April 2021 when the leading cryptocurrency exchange added support for a new product enabling its users to...Read More
Although numerous banking organizations have restricted their users from interacting with Binance, Visa and Mastercard have reaffirmed their belief in the world’s largest crypto exchange. With the growth of its services and popularity, Binance attracted regulatory scrutiny from various global watchdogs, as CryptoPotato explained recently. While the exchange’s attempts to enhance its compliance requirements continue...Read More
The world’s leading cryptocurrency exchange has announced the hiring of Jonathan Farnell as the company’s new Director of Compliance. This comes as the firm faces enhanced regulatory scrutiny among multiple jurisdictions, including the UK. In a press release shared with CryptoPotato, Binance asserted that Farnell will be its new Director of Compliance to “help develop...Read More
YESTERDAY, the UK’s Financial Conduct Authority issued a warning to Binance Markets Limited and the Binance Group, making it clear that Binance Markets Limited could not operate in the country as it is currently doing. Binance Markets Limited is not permitted to undertake any regulated activity in the UK. This firm is part of a...Read More
Just a few days after the world’s most populated nation blocked social media accounts of crypto influencers, all Chinese search engines have reportedly stopped showing search results for Binance, Huobi, and OKEx. According to a Chinese journalist, going by the Twitter handle Wu Blockchain, local search engines (such as Baidu and Sogou) have blocked queries...Read More
Decentralized service protocol, Automata Network, will be launched on Binance Launchpool and also managed to raise $2.4 million from investors in a just-concluded funding round. According to a press release shared with CryptoPotato, the fresh capital is of $1 million raised during a seed round conducted in March. Binance to Lists Automata (ATA) on June...Read More
The head of Binance, Changpeng Zhao, recently gave his comments on the two largest cryptocurrencies – BTC and ETH. According to him, people nowadays need alternative coins for the new type of transactions, which may drive the price of ether up. CZ also predicted that many central bank digital currencies would be very different than...Read More
Germany’s Financial Supervisory Authority is investigating Binance for its offering of tokenized shares and is already holding a preliminary opinion that doesn’t look too encouraging for the world’s leading crypto exchange. According to a legal opinion published on its official website, the Bundesanstalt für Finanzdienstleistungsaufsicht —or simply BaFin— considers that Binance would be violating securities...Read More
Without a lot of explanations, the world’s leading cryptocurrency exchange, Binance, has decided to halt support for the OMNI network. Binance Halts OMNI Network Support According to a recent announcement, Binance will “cease support for deposit and withdrawal service on the OMNI network” on April 30th, 2021, at 00:00 UTC. The only explanation given in...Read More
A few weeks after launching its latest product – tradable stock tokens – Binance has decided to expand the portfolio with the shares of MicroStrategy, Apple, and Microsoft. The three new additions will be live by the end of April. Binance to Add MSTR, AAPL, and MSFT As CryptoPotato reported a few weeks back, the...Read More
Brian Brooks, the acting head of the Office of the Comptroller of the Currency (OCC) under Donald Trump’s administration, noted in a Wall Street Journal report today that he would be working as Binance US CEO on May 1, 2021. Brooks’ Career at the OCC During his tenure as acting head at the OCC, Brooks...Read More
Binance announced the completion of the 15th BNB burn earlier today of just shy of 1.1 million tokens. Although the amount in coins has substantially declined compared to the past several such events, it set a record in terms of USD with almost $600 million. The announcement from the Malta-based cryptocurrency exchange from earlier today...Read More
With the crypto and perhaps the entire financial world focused on Coinbase’s direct listing scheduled to occur today, Binance announced it will list the stock token after the Nasdaq public listing is complete. Binance to List COIN/BUSD CryptoPotato reported the latest initiative from the world’s leading crypto exchange Binance in which the company introduced zero...Read More
By partnering with a German-based investment firm and Switzerland’s Digital Assets AG, Binance will introduce zero commission tradable stock tokens. Each new coin will represent one share of equity stock and will be fully backed by a depository portfolio of underlying securities. The first such token will be Tesla. Binance Launches Commission-Free Tradable Stock Tokens...Read More
Binance Smart Chain (BSC) is enjoying a steady flow of unique addresses which has also resulted in a massive surge in the daily transaction count the network is processing. BSC Transactions 200% More Than Ethereum’s Binance Smart Chain is undoubtedly one of the most popular networks amongst DeFi enthusiasts. Its capability to handle a large...Read More
The Binance owned WazirX exchange has been enjoying record volumes recently despite the ongoing regulatory uncertainty from Indian politicians. Its native token, WRX, has skyrocketed to a new all-time high on the back of news that the company will be launching its own non-fungible token platform for Indian markets. According to local media, WazirX has...Read More
Binance has hired two former executives from world-renowned regulatory organizations – Rick McDonell and Josee Nadeau. The popular crypto exchange aims to enhance its AML and CFT endeavors and develop more robust relationships with law enforcement bodies worldwide. The Malta-based crypto exchange announced the latest hirings in a press release shared with CryptoPotato. Rick McDonell...Read More
TurtleDex, a decentralized Binance Smart Chain protocol, went through a rug pull. The protocol drained 9000 BNB, approximately $2.5 million. The owners immediately deleted TurtleDex’s telegram, the official website, and the Twitter page. A “rug pull” is a popular term in the DeFi space. In essence, the team behind the project pulls out the liquidity...Read More
The Texas securities regulator has issued an emergency cease and desist order against a fraudulent cryptocurrency investment platform. Interestingly, the project’s latest initiatives included impersonating the world’s leading crypto exchange – Binance. Crypto Scam Impersonating Binance Halted in Texas According to the statement, Securities Commissioner Travis J. Iles issued the cease-and-desist order against the alleged...Read More
PancakeSwap, the largest and most popular decentralized cryptocurrency exchange and automated market maker (AMM) on Binance Smart Chain, might have had its DNS hijacked. Cream Finance is also under attack. In a tweet shared minutes ago, PancakeSwap’s official account revealed that the platform might have had its DNS (Domain Name System) hijacked. Until we are...Read More
The world’s leading crypto exchange, Binance, is purportedly being investigated by the US Commodity Futures Trading Commission for allowing residents to trade derivatives without the necessary registration. Although Binance CEO CZ called the development “FUD,” the crypto market reacted with a sudden price drop. Citing people familiar with the matter, Bloomberg reported the CFTC had...Read More
While some Chinese companies have purchased BTC and ETH, others, such as the social media giant Weibo, have reportedly halted the accounts of three of the largest crypto exchanges – Binance, Huobi, and OKEx. Weibo has justified its decision by outlining “abnormal practices” and breaching security risks. Weibo Targets Crypto Exchanges It may not come...Read More
