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Binance CEO CZ Responds to US Regulator’s Charges
29.3.2023
Binance CEO Changpeng Zhao (CZ) has addressed the allegations against him by the U.S. Commodity Futures Trading Commission (CFTC). “We do not agree with the characterization of many of the issues alleged in the complaint,” the executive stressed. CZ Responds to CFTC’s Allegations...
Crypto’s Unfulfilled Dreams Get a Tailwind From U.S. Crackdown on Binance, Coinbase
28.3.2023
The crypto revolution was supposed to make finance more decentralized, but much of the industry is centralized. Regulatory pressure could change that
Binance Coin Price Prediction as CFTC Sues Binance – Is This the End of Binance Crypto Exchange?
28.3.2023
The price of Binance Coin (BNB) has fallen by 5% in the past 24 hours, dropping to $310 in response to the news that the CFTC has filed a civil enforcement action against Binance and its CEO Changpeng Zhao.
At $310, BNB has also dropped by 7.5% in the past week, although the exchange token is...
Binance Curb on Zero-Fee Trading May Cost Market Share, Boost TrueUSD Stablecoin
23.3.2023
Binance abolished almost all zero fee trading pairs from its platform after nine months, only keeping the promotion for the TUSD-bitcoin pair
Binance Crypto Exchange Braces for Regulatory Onslaught: Can the Crypto Giant Withstand the Escalating Pressure from US Authorities?
20.3.2023
Binance is increasingly taking heat from regulators on multiple fronts, with its US business being the most vulnerable to ongoing crackdowns by the Securities and Exchange Commission (SEC).
Most pressing for the exchange in the US now is perhaps claims by the SEC that Binance.US is operating...
Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance
11.3.2023
Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of which have been blocked during the ongoing investigation. Digital Asset Exchange Making Millions...
Binance Bans Russians From P2P Transactions With Dollars and Euros
10.3.2023
Cryptocurrency exchange Binance has introduced new restrictions for Russian users, in accordance with the latest European sanctions. The platform is restricting access to peer-to-peer (P2P) transactions in U.S. dollars and euros for traders based in the Russian Federation. Binance Prohibits...
Crypto Exchange Binance Joins Forces With Law Enforcement to Launch Anti-Scam Campaign
5.3.2023
Binance has launched its Joint Anti-Scam Campaign in collaboration with law enforcement agencies worldwide to fight “an alarming uptrend” in crypto-related scams, the cryptocurrency exchange said. “So far, the project has achieved tremendous results,” Binance claimed....
Binance Crypto Exchange Admits to Mixing Customer Funds with Collateral for Binance-Issued Tokens
25.1.2023
Major crypto exchange Binance kept collateral for some of the cryptoassets it issues in the same wallet as the customer funds by mistake, Bloomberg reported, citing a Binance spokesperson.
On Monday, Binance released a proof-of-collateral report for B-Tokens, which are the 94 Binance-minted...
Binance Banking Partner to Ban Crypto Trading Transfers Under $100K
22.1.2023
Clients of one of the banks facilitating fiat operations with Binance will not be able to trade crypto through SWIFT transfers of less than $100,000. The transaction minimum, aimed at reducing exposure to digital assets, will be introduced by the financial institution in February. Bank Working With...
UAE Says No Virtual Asset Service Provider Has Been Granted an Operating Permit
21.1.2023
The United Arab Emirates virtual assets regulator has said no crypto entity has been granted the full market product (FMP) license. According to the country’s minister of state for artificial intelligence and the digital economy, Omar Sultan Al Olama, no crypto entity has been “able...
Hungarians Interested in Investment Potential of Cryptocurrencies, Poll Shows
15.1.2023
A survey has indicated that Hungarians would like to learn more about the long-term investment opportunities presented by cryptocurrencies. However, associated risks and insufficient information in their native language are major concerns, according to the polled. Hungarians Want to Know How Crypto...
Indian Crypto Market Suffers Significantly — Experts Say Trading Volumes Unlikely to Recover Anytime Soon
27.12.2022
Crypto trading volumes in India have plunged significantly this year. The FTX meltdown has exacerbated the problem, hurting “the sentiment across crypto tokens.” Local crypto experts are not expecting a recovery in the near future “Unless something dramatic happens” in...
Legendary ‘The Big Short’ Investor Michael Burry Believes Binance Crypto Exchange Audit Is Meaningless – Here's Why
19.12.2022
Audits of Binance and other crypto exchanges are “essentially meaningless” since auditors don’t know how to deal with crypto, according to Michael Burry, the legendary investor who inspired the movie ‘The Big Short’.
According to Burry, this is the same problem as he was facing himself in 2005...
With Binance, Everything Is Not Fine
19.12.2022
As the financial health of Binance grows more uncertain, CEO "CZ" has offered nothing but red flags, says Genevieve Roch-Decter (CFA), the CEO of GRIT Capital
Accounting Firm Mazars Stops Proof-of-Reserve Audits for Crypto Firms, Binance Audit Removed From the Web
16.12.2022
The accounting firm Mazars Group has stopped doing proof-of-reserves (POR) audits for cryptocurrency exchanges and the recently published Binance POR has been removed from the web. Mazars was conducting a number of POR audits for crypto exchanges like Binance, Crypto.com, and Kucoin following...
Binance CEO: Most Governments Understand Crypto Adoption Will Happen Regardless
27.11.2022
Binance CEO Changpeng Zhao (CZ) says that most governments know that crypto adoption will happen regardless of what they do. “It’s better to regulate the industry instead of trying to fight against it,” the Binance executive emphasized. Binance’s CEO on Crypto Regulation...
FTX bankruptcy filing details, Binance’s crypto industry fund and a U.S. CBDC pilot: Hodler’s Digest, Nov. 13-19
19.11.2022
Cristiano Ronaldo Launches NFT Collection With Binance Crypto Exchange
16.11.2022
“The legend is coming to Binance,” said the exchange.
Football giant Cristiano Ronaldo will be launching his non-fungible tokens (NFT) collection this Friday.
“My NFT collection is coming on November 18, exclusively on Binance,” said Ronaldo in a tweet. He added that fans can use a referral code...
FTX collapse is Trust Wallet Token's gain — Why did TWT price soar 150% in six days?
15.11.2022
An exodus from centralized cryptocurrency exchanges after FTX's collapse appears to be the primary reason behind Trust Wallet Token's massive rally