Via their official Twitter handle, crypto exchange Binance confirmed that it closed the position of some Australian traders. According to the post, the company incorrectly classified these users in th...
Tag: Binance
Binance Shifts to ‘Semi-Automated’ Process to Manage Reserves of Tokens It Issues
“Per recent media reports, historically, the assets we used to collateralize B-token weren’t always kept in dedicated wallets,” a Binance spokesperson told CoinDesk. The spokesperson said ...
Binance closes derivative positions of some Australian traders
Crypto exchange Binance has closed accounts of some users based in Australia over compliance reasons The exchange stated that these users were mistakenly classified as wholesale clients Binance – the ...
Bitcoin flirts with $24,000; Coinbase pares gains following Layer 2 announcement
Markets • February 23, 2023, 11:45AM EST Cryptocurrency prices were up over the past day, relatively unaffected by the release of the Fed’s latest meeting minutes on Wednesday. Crypto-related st...
Binance Plan to Acquire Voyager Assets Stalls Again
Binance’s proposed acquisition of Voyager Digital assets has hit more problems after the New York Department of Financial Services (NYDFS) and the state’s attorney general blocked the move. Binance.US...
Coinbase Adds Support for Euro-Pegged Stablecoin After Binance CEO Predicts New Trend for Crypto Sector
Coinbase is adding support for an Ethereum (ETH)-based stablecoin that aims to stay pegged to the Euro to its crypto trading platform. The top US crypto exchange announced Euro Coin (EUROC) as the lat...
Binance Australia shuts down derivative trading accounts of retail users
Binance shut down the derivative trading accounts of retail users in Australia after it mistakenly classified such customers as wholesale investors. For Australians, Binance only offers crypto d...
Binance and Mastercard Bring Crypto to Brazil
Top crypto exchange Binance has joined hands with credit card company Mastercard to form a new prepaid bitcoin rewards program for users in Brazil. Customers can now purchase everyday items and servic...
Binance Coin Stuck And Struggling Below $320 High
Feb 23, 2023 at 09:34 // Price Binance Coin (BNB) is currently trading in the bullish trend zone, although it is stuck between the moving average lines. Binance Coin price long term forecast: bullish ...
Binance Stablecoin Flipped By Cardano, Polygon As Billions Burn
Binance-branded stablecoin BUSD has taken a beating since issuer Paxos confirmed receipt of an ominous Wells notice from the SEC, falling to ninth place on crypto market cap leaderboards. BUSD is now ...
Binance Introduces Semi-Automated Reserve Token Management
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...
Binance to burn $2B idle BUSD on Feb. 22
Latest Report The SEC vs. Paxos: A deep dive into the implications of the lawsuit and its effects on stablecoins The SEC’s notice to Paxos to stop minting BUSD could have longstanding implicatio...
France pilots in-store crypto payments as Binance partners with Ingenico
Mainstream crypto and crypto-based services adoption continues, with more companies bridging traditional financial (TradFi) solutions with decentralized financial (DeFi) solutions. In an announcement ...
Binance Collaborates With French Payments Firm Ingenico
8 seconds ago | 2 mins read Exchange News The alliance facilitates the use of cryptocurrency for payments in France. France is especially important to Binance in light of the MiCA legislation. Binanc...
WazirX Terminates This Service Amid Power Struggle With Binance
WazirX, India’s largest crypto exchange, has shut down its NFT marketplace WazirX NFT. The website displays that the WazirX NFT has “sunsetted” and customers can continue to trade on OpenSea. The NFTs...
Binance partners with Ingenico to ease crypto payments in France
Binance, the world’s largest exchange by client count, has partnered with French point of sale (PoS) giant Ingenico to facilitate cryptocurrency payments in France. Binance announced the partnership o...
Blur’s Pacman doxxes himself and outlines plan to become the Binance of NFTs
Pacman, the formerly pseudonymous CEO of the fast-growing NFT marketplace Blur, beat the engagement farmers to it. “Web2 me vs. web3 me,” he posted on Twitter late last night, revealing his pr...
Paxos in Constructive Discussions with SEC on BUSD Long-Term Prosperity, Cuts Ties with Binance
Paxos has facilitated the redemptions of about $2.8B in BUSD since halting new mints on February 21. Paxos Trust Company, a New York-based financial institution and technology company specializing in ...
Bitcoin, crypto prices sink for second day; Coinbase down as markets look to Fed minutes
Cryptocurrency and stocks dipped as the focus turned to the release of the U.S. Federal Reserve’s January meeting minutes later today. Bitcoin was trading at $23,700 by 11.20 a.m. EST, do...
BUSD fell to $0.20 on Binance after trader sold $600K
Listen to this article. Liquidity on crypto exchange Binance evaporated on Wednesday morning as its stablecoin, BUSD, dropped to a low of $0.20 against the DAI stablecoin. A single sell order of $647,...
NFT project 0N1 Force bought out by group including former Binance, YGG execs
Published 35 minutes earlier on A cohort of investors, including former executives from Binance and Yield Guild Games, has orchestrated a community buyout of blue chip NFT collection 0N1 Force. ...
Binance Likely to Resume Terra Classic Burns as Community Passes Key Proposals
All proposals addressing Binance concerns have crossed the pass threshold. Binance will likely resume its initially-promised contribution to the Terra Classic (LUNC) burn initiative as the LUNC commun...
Paxos asserts that Binance USD is not a security under two separate tests
Ad Paxos published a letter from its CEO, Charles Cascarilla, on Feb. 21 in which the executive discussed the company’s ill-fated BUSD stablecoin. On Feb. 13, action from New York regulators led Paxos...
Binance Official Fears Crypto Washout On Stricter U.S. Regulations
After a year of unprecedented failures, cryptocurrency insiders held out hope that 2023 would usher in a fresh start for the industry. Instead, the industry has found itself on the receiving end of a ...
Binance U.S. Launches Poll To Test Shiba Inu Community
Binance U.S. creates a poll to test Shiba Inu community members’ knowledge about cryptocurrency. Binance US, a subsidiary of the world’s largest cryptocurrency exchange Binance, has created a poll on ...
Binance LUNC Burn Mechanism Returns To Terra Luna Classic
Crypto exchange Binance to most likely resume its LUNC burn mechanism as the community passes all three key proposals put forward by Terra Classic core developer Edward Kim of the Joint L1 Task Force....
Paxos Reiterates Commitment to Regulation, Ends Binance Relationship
Paxos Trust Company shared the company CEO’s message with the Paxos team. In the message, he talks about the company’s commitment to regulations. He declared the company’s decision to halt further rel...
Paxos Ends Binance Relationship Amid SEC Discussions
BUSD stablecoin issuer Paxos has terminated its relationship with Binance as it engages in conversations with the U.S. Securities and Exchange Commission (SEC) over a recent Wells notice. Paxos CEO Ch...
Paxos In Talks With The SEC, Binance Partnership Over?
According to a Reuters report, Paxos, the first regulated blockchain infrastructure platform behind Binance’s stablecoin BUSD, is in ongoing discussions with the Securities Exchange Commission (SEC) f...
Binance CEO Responds To Offshore Regulation Comments By Kraken CEO
Changpeng Zhao responded to Jesse Powell’s recent comments regarding crypto regulation. The Kraken CEO highlighted the inconsistency in the regulation of offshore crypto entities by U.S regulators. CZ...