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Important Binance Update for July 17th

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 Co-Founder Pleads Guilty to AML Program Failures

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 […]

Nigeria Drops Tax Evasion Charges Against Binance Executives

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According to a tweet by Nigerian journalist Alexander Onukwue, the Federal Inland Revenue Service (FIRS) of Nigeria has withdrawn the tax evasion charges against Tigran Gambaryan, Binance’s head of financial crime compliance, and […]

This Popular Meme Coin Receives Further Support From Binance: Details

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 […]

US Lawmakers Urge Biden to Secure Release of Detained Binance Exec in Nigeria

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 […]

Binance Doubles Down on Low Float, High FDV: Calls for Action

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 […]

Important Binance Announcement Affecting PEPE, INJ, SUI, and More: Details

TL;DR Binance added new trading pairs and trading bot services, including PEPE/EURO. The company will remove certain trading and margin pairs by the end of May, advising users to close positions to avoid losses. The Latest Updates Binance – the world’s largest cryptocurrency exchange – continues implementing changes on its platform to enhance user experience […]