The staff cut and departure comes amid legal action from United States regulators. Binance.US, the United States arm of the crypto exchange has cut around a third of its staff — or 100 positions — with its president and CEO Brian Shroder also departing the firm. A Binance.US spokesperson confirmed the layoffs and Shroder’s departure…
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Binance.US, now a crypto-only platform for two months, has partnered with crypto payments company MoonPay to allow users to buy and sell crypto using the US dollar-pegged stablecoin Tether (USDT). On August 22, the crypto exchange declared USDT the new “base asset” for all transactions. This collaboration with MoonPay follows Binance.US’s recent banking issues, leading…
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As of July 17, 2023, fresh data indicates a concerning rise in discrepancies between Binance US’ exchange rates and the global average. Initially, at a mere 2% to 5% in late June, the disparity sharply soared to an astonishing 16% by mid-July. Even though bitcoin lingered just above $30,000 on Monday, its valuation on Binance…
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Binance’s U.S. platform has rejected rumors regarding its bitcoin cash (BCH) reserves, reassuring customers that their funds are safe. On Sunday, the exchange restored BCH withdrawals after a brief suspension attributed to a technical issue with the automated system managing deposit flows.
Binance US Restores BCH Withdrawals Amid More FUD
The American subsidiary of…
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For several days since Binance US announced the resumption of withdrawals, bitcoin (BTC) has changed hands at a discount and was trading at more than $2,500 below the prevailing market price on July 10. The emergence of a discount on crypto assets paired with USD on Binance US has fueled speculation about the affiliate’s future…
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Bitcoin is selling for just over $27,500 on Binance.US, a nearly $3,000 discount from global spot prices. Bitcoin (BTC) is selling for a nearly $3,000 discount on Binance.US, providing a significantly better rate than global spot prices — but there’s just one catch. On July 9, a swathe of crypto users began noticing a widening…
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The U.S. subsidiary of the world’s largest crypto exchange, Binance, announced it has resolved the issues with U.S. dollar (USD) withdrawals. The trading platform, which recently averted an asset freeze sought by the United States Securities and Exchange Commission (SEC), informed customers, however, that withdrawal services are likely to be discontinued again. Binance US May…
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The market share of the U.S. subsidiary of Binance has declined amid an ongoing crackdown by America’s securities regulator. According to new data, leading U.S. crypto exchange Coinbase, also sued by the Securities and Exchange Commission (SEC), is taking a hit, too. Binance US Market Share Drops to 1.5%, According to Kaiko The litigation with…
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Binance.US and the US Securities and Exchange Commission have agreed on a compromise that avoids the freezing of the exchange’s assets. On Saturday, US Judge Amy Berman Jackson approved an agreement between the two, dismissing a previous temporary restraining order (TRO) that would freeze all Binance.US assets. … Read More: Binance.US Avoids Total Asset Freeze Through Agreement with SEC Read more »Sign…
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Red tape and confusion has been the theme in crypto news as of late, with cryptocurrency firms scrambling to stay compliant with regulators like the U.S. Securities and Exchange Commission (SEC), with little to no definite regulatory clarity made available to them thus far. In the wake of lawsuits being launched by the SEC against…
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