The United States District Court for Washington, DC, has issued a summons for Binance CEO Changpeng Zhao. Moreover, the summons was issued on June 7th, following the US Securities and Exchange Commission (SEC) complaint that was issued against the exchange two days ago. The summons has granted Zhao 21 days to respond to the summons. Moreover, it […]
Binance and the U.S. Securities and Exchange Commission (SEC) have been at the center of a regulatory dispute regarding the operation of Binance’s cryptocurrency exchange platform in the United States. This conflict has raised important questions about regulatory oversight, investor protection, and the global nature of the cryptocurrency market. In this response, I will explain […]
Binance Australia, a cryptocurrency exchange, recently made the decision to halt Australian dollar (AUD) bank transfers. This move has raised concerns and sparked curiosity among cryptocurrency traders and enthusiasts. The decision was likely prompted by regulatory uncertainties and increasing scrutiny surrounding cryptocurrency operations in Australia. Binance Australia’s decision to suspend AUD bank transfers could be […]
Binance, one of the world’s largest cryptocurrency exchanges, has recently announced its decision to leave the Canadian market following the implementation of tighter regulations by Canadian authorities. This move comes as a result of increased scrutiny and concerns from regulatory bodies regarding the operations of cryptocurrency exchanges within the country. The Canadian government has been […]
Binance, the largest cryptocurrency exchange, has suspended Bitcoin withdrawals twice in the past 12 hours. Despite causing alarm in the community, the exchange has reassured users that their funds are secured. Now at press time, the organization announced plans to introduce withdrawals via the BTC Lightning Network. A couple of hours back, Binance made an announcement that […]
Tron founder and crypto entrepreneur Justin Sun transferred 56.1 million True USD (TUSD) worth over $56.4 million to crypto exchange Binance on Monday morning, sparking rumors about his intention to farm the just-released Sui (SUI) tokens on the Binance LaunchPool. Shortly after Whale Alert flagged the transaction, Binance’s CEO Changpeng Zhao (CZ) disclosed that the exchange’s team had warned […]
On April 26, 2023, Binance US announced that it had canceled its planned acquisition of Voyager Digital, a crypto broker. The announcement came as a surprise to many, as the acquisition had been expected to go through smoothly. Binance US did not provide any specific reasons for the cancellation of the acquisition, but it cited […]
Launched in July 2017, Binance is the largest cryptocurrency exchange globally by daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind the name Binance is to represent this new paradigm in global finance which is Binary Finance, or Binance. Apart from being the largest cryptocurrency […]
Binance’s Australian derivatives license was canceled at the request of the crypto exchange itself. The Australian Securities & Investments Commission (ASIC) announced this after regulators began a targeted review of Binance in February. Starting April 14th, Binance derivatives clients in Australia will not be able to open or upgrade their existing trading positions. On April […]
The crypto market is still loved despite the issue of a lawsuit by the U.S. Commodity Futures Trading Commission (CTFC) against crypto BNB and Binance founder Changpeng Zhao. Launching data from CoinMarketCap at 08:35 WIB (29/03/2023), Bitcoin showed a gain of 1.42% to a price position of US$ 27,403.06/coin or the equivalent of IDR 413,101,130/coin […]