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As Markets in Crypto-Assets (MiCA) rules took effect in the European Union, Binance said it is working to support affected users while implementing the required adjustments. The exchange emphasized that customer assets remain secure and outlined the options available to users as the transition continues. Binance Says User Assets Remain Safe as EU Crypto Rules … Read more
Nearly 1,700 UK investors have filed a £150 million (nearly $200 million) claim against Binance and founder Changpeng Zhao in London’s High Court, alleging the exchange sold them high-risk crypto derivatives it was never authorized to offer. A Decade-Old Marketing Push Under Scrutiny The claimants allege that Binance began marketing complex leveraged derivative products to … Read more
Binance says it now spends about $300 million a year on compliance, with roughly one in four employees working in safety and oversight roles. The exchange said its systems have intercepted $10.53 billion in potential fraud and supported more than 313,000 law-enforcement requests. Binance Compliance Team of 1,500 Has Handled 313,000 Law Enforcement Requests Binance … Read more
Binance founder Changpeng “CZ” Zhao said he has no intention of returning as chief executive of the world’s largest cryptocurrency exchange, telling an interviewer that the company no longer needs him at the helm. From the Top Job to the Sidelines Changpeng Zhao, the billionaire who built Binance into the world’s largest cryptocurrency exchange, has … Read more
The European Union has issued around 230 licenses under its Markets in Crypto-Assets (MiCA) regulation as a hard July 1 deadline approaches, with Germany leading the bloc on 56 authorizations. Spain’s securities regulator has ruled out any extension, leaving non-compliant exchanges facing restrictions across the EU. A Bloc Splits Along National Lines Around 230 firms … Read more
The exchange will deliver these funds by distributing $20 USDT vouchers to users in the areas affected by the recent earthquakes. Binance is also eliminating P2P transaction fees for Venezuelan bolivars until July 2, and waiving Binance Pay fees. Binance Charity Donates $3 Million To Support Venezuelans The cryptocurrency industry is taking action to support … Read more
Binance will halt crypto asset services in European Union markets from July 1 after notifying customers that it could not meet the bloc’s Markets in Crypto-Assets (MiCA) licensing requirements before the regulatory deadline. Customer Emails Explain Service Changes as MiCA Access Changes Near Crypto exchange Binance has sent notices to customers in several European Union … Read more
Bitcoin’s drop to $58,000 lines up with the power-law model’s cycle lows, even though futures market data points to deeper lows for BTC price. Go to Source
XRP’s chance of a daily close below $1 are rising, but whale accumulation and shrinking exchange supply may be a sign that traders are buying. Go to Source
Binance will limit EU onboarding and services from July 1 under MiCA rules after failing to gain authorization from a member state, while withdrawals remain available for users. Go to Source