John Reed Stark, a former attorney for the US Securities and Exchange Commission (SEC) and staunch crypto critic, has labeled Binance a “shadow bank” that mints its own “counterfeit currency” while pr...
Tag: Binance
Ripple and Binance Move 134M XRP as Whales Shuffle 230M Tokens
364 million XRP tokens have been moved in five whale transactions in the past 24 hours. Ripple and Binance just moved over 134 million XRP tokens in two separate unrelated transactions, with Ripple se...
Voyager Bankruptcy Judge Has Harsh Words for SEC’s Objection to Binance Deal
The judge overseeing crypto broker Voyager Digital’s bankruptcy proceedings had harsh words for an objection from the Securities and Exchange Commission during a court hearing Monday. Without certain ...
Voyager Bankruptcy Judge Expresses Skepticism Over U.S. SEC Objection to Binance US Deal
SEC Senior Trial Attorney William Uptegrove said Friday that SEC staff believed Binance US may be operating an unregistered securities exchange in the U.S., an assertion that Binance US objected to. O...
Binance accumulates 3.8B USDC in three weeks
Ad Glassnode data analyzed by CryptoSlate revealed that Binance accumulated 3.8 billion USD Coin (USDC) during the past three weeks. Binance’s USDC pool sits at 5.1 billion coins at the time of writin...
Former SEC Attorney Warns Binance Will Face “Inevitable” Bank Run
Alex Dovbnya Former SEC attorney John Reed Stark has warned that Binance, the world’s largest cryptocurrency exchange, could face an “epic bank run” due to its lack of US regulatory ...
Elizabeth Warren Demands Answers From Binance CEO Changpeng Zhao Regarding Crypto Exchange Finances
US Senator Elizabeth Warren is probing crypto exchange Binance and its American arm Binance.US over the companies’ finances and operations. In a new open letter addressed to Binance CEO Changpeng Zhao...
Binance pivots to stablecoins after SEC regulatory action
Binance, the world’s largest cryptocurrency exchange by trading volume, has turned to alternative stablecoins following regulatory action by the US Securities and Exchange Commission (SEC) again...
Whales move 13.67m MATIC tokens to Binance, price drops 2.2%
Two polygon (MATIC) whale accounts transferred 13.67 million MATIC tokens, worth $15.3 million, to Binance earlier today. MATIC drops by 2.2% in 24 hours The first whale, identified from the address ...
Binance, Kuna Confirm Ukrainian Bank Cards Transaction Suspension In Hryvnia
The Central Bank of Ukraine banned crypto transactions via bank cards to prevent its national currency, the hryvnia, from being used on crypto exchanges. Similarly, Binance and the country’s leading e...
PAW on Binance Soon? Community Left Guessing After CZ’s Recent Tweet
Yuri Molchan PawSwap community may be led to believe that PAW is going to be listed on Binance and burn 4 zeros Contents “Remember 4,” CZ tweets PawSwap announces PAWBURN coming next week ...
Binance want to hire the chairman of the SEC
Gary Gensler, Chairman of the SEC, was approached in 2018 and 2019 by crypto exchange Binance about hiring him. From sources that have emerged, it appears that he turned down the proposal and the job ...
Binance renews pledge to create and fund Web3 education for women
Binance, the largest cryptocurrency exchange in the world by trading volume, is reiterating its commitment to increasing the number of women who are both engaged and employed in the Web3 industry in l...
Binance Tried to Hire Gary Gensler as an Adviser Back in 2018
Recent reports also suggest that the operations of Binance.com and Binance.US are intertwined. This would mean that regulators might exert greater scrutiny in this case. On Sunday, March 5, Wall Stree...
Binance turns to other stablecoins amid BUSD crackdown
On-chain data released by Lookonchain shows Binance exchange minted 180 million True USD (TUSD) tokens last month and has also added support for other stablecoin projects amid an SEC’s Paxos Binance U...
Here’s how Binance is mitigating its stablecoin needs after BUSD ban
Binance has turned to a new set of stablecoins in the wake of the United States Securities and Exchange Commission’s (SEC) regulatory action against its native stablecoin, BUSD. SEC had sent a Wells n...
Binance Moves to Fix Compliance May Not Placate US Regulators
Binance reportedly conceived a plan to throw off US regulators after it became apparent that authorities there were cracking down on the industry. A Binance spokesperson told Blockworks the exchange d...
Binance Operated Under 2 Entities to Avoid Scrutiny, WSJ Claims
Binance embarked on a plan to disarm U.S. authorities out of fear of prosecution, claims a new report by The Wall Street Journal. The paper alleges that Binance was prepared to defuse the risk of pot...
Binance In Hot Water As Documents, Texts On Alleged Plan To Evade Regulations Comes To Light
The world of cryptocurrency has been shaken once again by the latest report from the Wall Street Journal. According to their sources, Binance – the biggest player in the industry – has been developing...
Binance Executive Documents Outline Plans to Avoid U.S.Scrutiny
The WSJ reported on Sunday that Binance developed plans to avoid the threat of prosecution by United States authorities when it started its American entity, Binance.US, in 2019. The Wall Street Journa...
Binance to launch anti-crypto fraud campaign
Crypto exchange Binance has launched its joint anti-scam campaign in collaboration with law enforcement agencies around the world to combat an alarming upward trend in cryptocurrency-related scams. In...
Binance Wanted to Bypass US Regulatory Scrutiny Shows Report
Amid the major fallout of several firms in the crypto space last year, the U.S. Securities and Exchange Commission (SEC) has increased its scrutiny in the crypto space. The latest report from Wall Str...
SEC Chair Gensler Was Offered Advisory Role at Binance
Alex Dovbnya The current chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, was offered an advisory role at Binance in 2018 and 2019 Gary Gensler, the reigning chair of the U.S....
Binance tried to hire Gary Gensler in 2018 for closer ties with U.S. regulators: Report
Crypto exchange Binance sought to hire Gary Gensler as an adviser before he became chairman of the United States Securities and Exchange Commission, according to a Wall Street Journal report based on ...
Binance recommends P2P as Ukraine suspends hryvnia use on crypto exchanges
Ukraine temporarily suspended the use of its national currency, the hryvnia, via banking cards for fiat deposits and withdrawals on crypto exchanges. While the move immediately impacted how investors ...
BNB Chain hackathon winner accuses Binance of stealing AI-powered NFTs idea
Crypto exchange Binance has been accused of “blatantly” copying the winner of the BNB Chain hackathon after launching Bicasso — an AI-based nonfungible token (NFT) creation tool. Binance allegedly rip...
Binance Issued BUSD Market Cap Loses 45% Amid FUD Around Exchange
Arman Shirinyan BUSD’s downfall could be sign of bigger problems at Binance Binance, the world’s largest cryptocurrency exchange, has been in the news for all the wrong reasons lately. It ...
Bybit follows Binance, suspends USD SWIFT and wire transfers
Bybit has just joined the growing list of exchanges suspending USD transfers. Bybit to no longer support USD deposits Bybit recently announced that USD deposits through Wire Transfer (for US banks) an...