Binance tried to hire Gary Gensler in 2018 for closer ties with U.S. regulators: Report
The SEC chairman was approached by Binance in 2018 and 2019, while teaching at the Massachusetts Institute of Technology. Go to Source Powered by WPeMatico
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BNB Chain hackathon winner accuses Binance of stealing AI-powered NFTs idea
Chatcasso won the first prize in the BNB Chain hackathon for creating an AI-powered tool for creating NFTs and won $5,000 in BUSD, held in Seoul between Dec. 17 to 19, 2022. Go to Source Powered by WPeMatico
Crypto Exchanges Binance and Kuna Suspend Card Transactions in Ukrainian Hryvnia
Major cryptocurrency exchanges operating in Ukraine have temporarily suspended operations with hryvnia bank cards. The measure stems from restrictions imposed by the country’s central bank, Binance and Kuna indicated in comments for crypto media. Ukrainians Unable to Trade Crypto Assets Using Cards in National Currency The world’s largest crypto exchange, Binance, and a leading Ukrainian … Read more
Crypto Exchange Binance Joins Forces With Law Enforcement to Launch Anti-Scam Campaign
Binance has launched its Joint Anti-Scam Campaign in collaboration with law enforcement agencies worldwide to fight “an alarming uptrend” in crypto-related scams, the cryptocurrency exchange said. “So far, the project has achieved tremendous results,” Binance claimed. Binance’s Joint Anti-Scam Campaign Cryptocurrency exchange Binance announced Friday that it recently launched a campaign to combat cryptocurrency-related scams … Read more
Bybit Halts US Dollar Deposits via Bank Transfer Due to Service ‘Outages’ From Partner
On March 4, 2023, cryptocurrency exchange Bybit announced that it had suspended U.S. dollar deposits via bank transfer. Bybit cited “outages” from its partner as the reason for the suspension of USD deposits via bank transfers and the SWIFT network. Bybit Suspends USD Deposits, Wire Transfer Withdrawals Open Until March 10 The cryptocurrency exchange Bybit, … Read more
Binance launches anti-scam campaign after Hong Kong pilot run
The new campaign features a withdrawal warning message that attempts to prevent users from sending their crypto to scammers. Go to Source Powered by WPeMatico
Bitcoin’s Price Drop Causes Over $200 Million in Long Liquidations Across Crypto Derivative Exchanges
On Feb. 24, 2023, bitcoin’s price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March 1. On March 2 at 8 p.m. Eastern Time, the price of bitcoin fell, dropping below the $23,000 mark. This decline resulted in a significant $237.97 million worth of long liquidations on … Read more
US Senators Probe Crypto Exchange Binance About ‘Potentially Illegal Business Practices’
Three U.S. senators have asked crypto exchanges Binance and Binance US for documents and answers pertaining to “potentially illegal business practices.” The lawmakers told Binance CEO Changpeng Zhao (CZ): “Your actions have called into question the legitimacy of your business and the safety of your customers’ assets.” U.S. Lawmakers Probe Binance U.S. Senators Elizabeth Warren … Read more
Sen. Elizabeth Warren and colleagues demand to see Binance’s balance sheets
Three United States senators have written a letter to the CEOs of Binance and Binance.US with a long list of objections to the companies’ perceived policies and actions. Go to Source Powered by WPeMatico
Binance custody partner clarifies Singapore licensing plans
Binance recently rebranded its custody arm, now called Ceffu, which launched in Singapore in November 2022. Go to Source Powered by WPeMatico