World’s largest crypto exchange Binance has acknowledged that it has mistakenly stored token reserves and user funds in the same wallet, according to a Bloomberg report. Reserves for nearly half of th...
Tag: Binance
Binance Admits to Storing Customer Funds in the same wallet
Recent news articles state that the prominent cryptocurrency exchange Binance has acknowledged that it keeps some customer assets in the same wallet that it uses to store its own collateral for certai...
Binance Admits To ‘Mistake’ of Storing Its Users’ Crypto Assets Inside Collateral Wallet: Report
The world’s largest crypto exchange by volume is publicly addressing what it says is a mistake in handling customer assets. According to a new Bloomberg report, Binance said it mistakenly kept collate...
Binance Held Token Collateral And Customer Funds In The Same Wallet
– Advertisement – Binance held token collateral and user funds in the same cold wallet. The exchange claims it was a mistake and is currently rectifying the issue. The cold wallet curren...
Binance Reportedly Eliminates DCG’s TWAP Trades Citing Legal Risks
The world’s largest crypto exchange Binance has reportedly eliminated Barry Silbert’s Digital Currency Group’s (DCG) ability to make time-weighted average price (TWAP) trades. The potential reasons be...
Binance admits it commingled customer funds with token reserves
Listen to this article. Crypto exchange Binance has acknowledged that it failed to keep backing for dozens of tokens issued on Binance Smart Chain separate, and instead commingled it with customer fun...
CZ alleges FTX paid $43M to news organization to publish Binance FUD
Binance CEO Changpeng (CZ) Zhao alleged during a Twitter space talk that FTX paid $43 million to a crypto news outlet that regularly publishes negative articles on Binance, CZ claimed that traders wit...
Investor Jeremy Grantham dismisses bitcoin’s latest rally as crypto prices tread water
Cryptocurrency prices meandered in early trading, with bitcoin unable to break past $23,000 on a consistent basis. Crypto stocks were marginally lower. Bitcoin gained 0.1% in the past day to $2...
Signature Bank Limit on SWIFT Transactions with Binance Affects Few
Signature Bank has told Binance it will no longer be handling SWIFT transactions for its customers below $100,000 next month in a bid to decrease its reliance on digital asset deposits. Support for tr...
BNB price up despite reports Binance mixed client funds with collateral
Binance Coin (BNB/USD) has sustained its bullish trend amid reports by Bloomberg that the Binance exchange mistakenly mixed client funds with Binance-peg tokens (B-Tokens) collateral. At press time, t...
Grogan blasts alleged front-running scheme at Binance
The head of product and business operations at Coinbase, Conor Grogan, slammed Binance for allowing unknown actors to front-run trades. Grogan has claimed to trace patterns stretching for up to 18 mon...
Signature Bank Halts SWIFT Transactions Under $100,000 for Crypto Users, Says Binance
Signature Bank’s customers facilitating fiat operations with Binance will not be able to make SWIFT transfers of less than $100,000, according to the crypto exchange. “One of our fiat banking partners...
Bitcoin, mining stocks rise while Silvergate shares soar
Crypto prices were in the green as the market continued to rally on Monday. Equities related to blockchain and cryptocurrencies were also higher. Bitcoin traded up about 0.5% during the day, fli...
Binance (BNB) And Orbeon Protocol (ORBN)
Analysts suggest keeping an eye on Binance (BNB) and Orbeon Protocol (ORBN), Both platforms are making a significant impact in the industry. Orbeon Protocol (ORBN) is a revolutionary DeFi project that...
Justin Sun Sends HT, CRV, GAL, DYDX To Binance And Huobi
Justin Sun’s Whale Transactions Favor Huobi Token Days After Confirming Leadership Role. Days after making public his leadership role at Huobi, Justin Sun executed the transfer of significant amounts ...
Coinbase’s Conor Grogan Slams ‘Binance Front-Running Pattern’ Community Disagrees
Vladislav Sopov Grogan, head of product at Coinbase, explains why Binance’s front-running issues might be more dangerous than they seemed Contents Coinbase’s Grogan unveils two possible sc...
Fiat Banking Partner of Binance Places Minimum Transaction Cap
4 hours ago | 2 mins read Editors News The bank’s move comes as it seeks to reduce its exposure to the crypto sector. Binance, however, stressed that none of its other financial partners were affected...
Signature Bank pulls SWIFT transfers for Binance users
Signature Bank, a partner of Binance, has advised that it will no longer support SWIFT transfers of under $100,000 for the exchange users. Another day, another FUD story for Binance. This time, it is ...
Coinbase Exec Accuses Binance Of Crypto Price Manipulation
The world’s largest cryptocurrency exchange Binance was in the crossfire of critics for a long time after the FTX collapse. In particular, there was harsh criticism because of an opaque proof of reser...
How to Create a Binance Trading Bot
It goes without saying that the cryptocurrency market can be very volatile. The crypto market never sleeps, unlike conventional markets, and keeping track of it is comparable to working a full-time jo...
Binance’s problems with SWIFT- The Cryptonomist
Binance’s banking partner SWIFT has decided to stop USD wire transfers below $100K. The termination of bank payment transfers will go into effect on 1 February. The news was released by Binance on 21...
Lido, Coinbase, Binance Lead 16M Ethereum Staked on ETH PoS Beacon Chain
Lido in Pole Position With 29% of Total Ethereum Staked by Service Providers. On-chain data shows that more than 16 million Ethereum (ETH) has been staked on the Ethereum Proof-of-Stake (PoS) beacon b...
Binance says Signature Bank will introduce $100k transaction limit
Binance said that Signature Bank would only issue crypto transactions worth at least $100,000 starting from Feb. 1, 2023, as reported by Business Standard (BS). Binance said: “One of our fiat banking ...
Binance dominates CEX space, but here’s the biggest concern
Binance continues to dominate the CEX space. Declining NFT sales and staking trends signal shifts in user interests. Binance, one of the largest centralized crypto exchanges has managed to dominate t...
Binance Says Signature Bank Won’t Support Transactions for Crypto Exchange Customers of Less Than $100K
Nearly a quarter of the New York-based bank’s $103 billion in total deposits, or roughly 23.5%, came from the crypto industry as of September 2022. But given the recent “issues” in the space, Signatur...
Binance Announces New Transaction Limit By Fiat Partner, What Could This Mean For BNB?
According to a report by Bloomberg, crypto exchange Binance has announced that one of its fiat trading partners, Signature Bank, will no longer be processing transactions of less than $100,000 as the ...
Justin Sun’s Tron DAO Moves $180 Million to Binance, Here’s Potential Reason
Arman Shirinyan Crypto community members’ attention is back on Tron and Justin Sun as enormous transaction was made An unexpected transaction made by Justin Sun’s Tron DAO appeared on the ...
Binance Banking Partner to Ban Crypto Trading Transfers Under $100K – Exchanges Bitcoin News
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 exposur...
Binance Charity Division Announces Offering 30k Web3 Scholarships
12 mins ago | 2 mins read Exchange News Binance Charity Scholar Program (BCSP) will provide free Web3 education. Support for Binance Charity will also come from Binance Academy. In 2023, Binance Chari...
Binance Informs Customers of Upcoming Service Disruption
It has been brought to the attention of the retail customer base of the cryptocurrency exchange Binance that there is a possibility that they may be unable to access their accounts at some point in th...