TL;DR Binance introduced a special initiative, where eligible meme coin traders join teams to complete missions and accumulate points for rewards. The company has supported numerous meme coins in the past several months, adding certain trading pairs to its platform. ‘Battle of the Meme’ The world’s largest cryptocurrency exchange – Binance – introduced an interesting […]
TL;DR Binance will suspend deposits and withdrawals for approximately one hour in mid-July, with trading services unaffected. The company’s delisting of several altcoins recently caused significant price drops. A similar pattern was witnessed when Binance terminated services with the popular privacy coin Monero (XMR). Brief Disruption on All Services The world’s largest cryptocurrency exchange, Binance, […]
Paxful’s co-founder and former chief technology officer (CTO), Artur Schaback, pleaded guilty to conspiracy to deliberately fail in establishing, developing, implementing, and maintaining a compliant AML program as required by the Bank Secrecy Act. In a statement, the US Department of Justice’s (DOJ) Office of Public Affairs revealed that Schaback failed to collect necessary KYC […]
On June 28, Amy Berman Jackson, a judge at the US District Court for the District of Columbia, ruled that most of the SEC’s lawsuit against Binance and its co-founder could go ahead. The SEC sued Binance and Zhao in June 2023 for mishandling customer funds, misleading investors and regulators, and violating securities regulations. The […]
On June 27, Binance announced that it is implementing stricter measures to address account misuse, including enhanced monitoring of all account activities. The company stated that it has recently detected instances where certain account features on the platform are being “misused or exploited to gain unfair advantages, such as a better fee rate and higher […]
Events in the saga between Nigeria and Binance continue to unfold. This time, the country dropped tax charges against the exchange’s executives. According to a tweet by Nigerian journalist Alexander Onukwue, the Federal Inland Revenue Service (FIRS) of Nigeria has withdrawn the tax evasion charges against Tigran Gambaryan, Binance’s head of financial crime compliance, and […]
TL;DR Binance expanded its trading options with new pairs, though availability depends on the users’ region. The exchange will delist several existing pairs on June 14, advising clients to update or cancel their Spot Trading Bots to prevent potential losses. Another Binance Update The world’s leading cryptocurrency exchange continues to expand its list of trading […]
A group of U.S. lawmakers has called on President Joe Biden to intervene in the detention of Tigran Gambaryan, a high-ranking executive at Binance, who has been held by Nigerian authorities for nearly three months. The appeal, led by House Foreign Affairs Committee Chair Michael McCaul (R-Texas) and supported by 11 other congressional leaders, demands […]
The native token of the world’s largest cryptocurrency exchange has somewhat been on the sidelines during the 2024 bull run, but has finally managed to emerge as a top performer by soaring past $700 and tapping a new all-time high. Its market cap has gone on a tear as well, exceeding $100 billion and surpassing […]
There has been a growing concern regarding the increased traction of tokens with high valuations but low initial circulating supply, which has sparked discussions about the sustainability of upside potential for traders following the token generation event (TGE). Binance Research’s latest findings have confirmed this trend, depicting an increasing number of tokens being launched with […]