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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Crypto exchange giant Binance has announced a new zero-maker fee promotion for stablecoin TUSD. Starting from 30th June, the promotional offer covers both spot and margin trading for TrueUSD. The zero trading fee promotion for USD stablecoin applies to all existing and new USD stablecoin pairs on Binance spot and margin markets, as per the…
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Licensed since last year, the world’s largest digital asset exchange, Binance, has now launched a trading platform in Kazakhstan. The move comes amid increased pressure from regulators in other jurisdictions, like the U.S., and after Binance’s decision to pull out of several European markets. Global Leader Binance Sets Up Licensed Exchange in Kazakhstan Amid Euro…
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Binance has launched a regulated cryptocurrency exchange in Kazakhstan amid growing regulatory troubles in the West. In a Wednesday blog post, the world’s largest crypto exchange said it is launching the new platform after it secured a permanent license from Kazakhstan’s AIFC Financial Services Authority (AFSA) last year. … Read More: Binance Opens Regulated Crypto Platform in Kazakhstan Amid Regulatory Challenges in…
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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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This development comes amid a global regulatory crackdown on Binance, which is facing investigations in multiple countries. Deputy Alfredo Gaspar, a member of the Brazilian Chamber of Deputies, has requested the summoning of Guilherme Haddad, the director of Binance Brazil, to appear before the Brazilian parliament as part of an ongoing Parliamentary Commission of Inquiry…
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Binance Labs and CoinFund have co-led a $10 million funding round for Neutron, a cross-chain smart contract platform focused on interchain security within the Cosmos ecosystem. Binance Labs, the investment arm of leading cryptocurrency exchange Binance, took the lead in the funding round, Binance said in a Wednesday blog post. Cryptonative investment firm CoinFund co-led the funding. Delphi Ventures, LongHash, and Nomad also participated in the round. ……
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The legal motion referred to the SEC publicly claiming CZ and Binance could “commingle customer assets or divert customer assets,” despite a court transcript suggesting otherwise. Lawyers representing United States-based crypto exchange Binance.US, global exchange Binance Holdings Limited and Binance CEO Changpeng “CZ” Zhao have filed a motion alleging the U.S. Securities and Exchange Commission…
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Bitcoin rallied to a six-week high on Wednesday, as price moved to the cusp of a breakout above the $29,000 level. Today’s surge sees bulls recover almost all of the losses that came after the Security and Exchange Commission (SEC) sued Binance and Coinbase. Ethereum also climbed higher, rising above $1,800. Bitcoin Bitcoin (BTC) raced…
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