Binance US has implemented fundamental changes to its financial activities in the USA. The exchange is no longer allowing users to make direct withdrawals in US dollars as of this week. As stated in their revised terms of service, they will no longer let users withdraw USD without first converting
Binance US, the American arm of the world-renowned crypto exchange Binance, has announced a strategic partnership with payment startup MoonPay in an attempt to reestablish a seamless flow of USD transactions into the crypto market. The move comes as Binance US grapples with a series of legal and financial obstacles
Hacks and phishing attacks of different kinds invaded the crypto landscape in the first week of July. As a result, two major stablecoins breached their stable grounds, recording extreme lows on Binance US. On July 9, around 00:00 UTC, the largest stablecoin, Tether (USDT), depegged from its $1 parity and
Binance USD (BUSD), was one of the top dollar-pegged stablecoins in the crypto market, but its growth has taken a side track since its issuer was sued by the Securities and Exchange Commission (SEC). The market cap of BUSD has now been on a decline, causing it to fall to
After the US SEC filed a complaint against the crypto behemoth Binance.US last week for allegedly breaking federal securities laws, Reuters reports that massive layoffs have taken place at the company. Reuters cites sources saying that since the lawsuit was filed, at least 50 workers have lost their jobs at
The cryptocurrency world is abuzz with the news of Floki, a new digital currency inspired by the beloved character from the TV show Vikings, announcing its listing on Binance. Consequently, the listing news has sparked a surge of interest in the token, with investors hoping to capitalize on the anticipated
Crypto exchange Coinbase will disable the trading of Paxos-issued stablecoin Binance USD (BUSD) from March 13 around 12 PM ET. The exchange officially announced the delisting of Paxos-issued stablecoin on Monday on Twitter. We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on
The U.S. Securities and Exchange Commission (SEC) intends to file a suit against Paxos, the firm that developed the Binance USD (BUSD) and Pax Dollar (USDP) tokens, over the latter stablecoin. The SEC allegedly wrote to Paxos. The regulator alerted Paxos to “possible enforcement action” in the letter. BUSD is
Social media are the platforms to fire up things within a fraction of a second whether it is positive or negative content. When regarded in the crypto sector Twitter pops up to be the prominent social media platform to post their suggestions and faults. It’s been a practice for users
The world’s biggest cryptocurrency exchange by trading volume, Binance, the leading global blockchain ecosystem, announced the launch of ‘Megadrop’ today. Transparent incentives are offered to qualified participants on this groundbreaking token launch platform. Megadrop, which is now available on the global exchange, is a further demonstration of Binance’s commitment to leading the
