Binance and its former CEO, Changpeng “CZ” Zhao, have filed a motion to dismiss the SEC’s amended complaint against them. The motion, submitted on Nov. 4, accuses the SEC of failing to provide clear regulatory standards for the crypto industry. Binance’s legal team contends that the SEC’s approach contradicts a
A recent report by Binance Research ‘Understanding the Rise of Memecoins’ explores how economic and cultural changes have fueled the meteoric rise of memecoins as a distinct asset class within cryptocurrencies. The macroeconomic environment, including inflation and growing financial disenchantment, especially among Millennials and Gen Z, is examined first. In this setting,
A few days ago, the CEO of Moonrock Capital took to Twitter to allege Binance of charging high fees for listing. Following this, several prominent crypto members began discussing the issue bringing to the forum varied opinions. It also raised concerns for decentralized projects and their scope within centralized exchanges
Today, Binance, the world’s leading blockchain ecosystem, driving the world’s largest crypto exchange by trading volume and users, announced that it will use Amazon Web Services (AWS) to enhance customer support, internal automated system diagnosis, and troubleshooting on Binance. By using AWS, Binance integrates blockchain technology and cloud computing services into its business and
During Binance Blockchain Week, Binance, the global blockchain ecosystem that powers the biggest cryptocurrency exchange by trading volume, announced today that Jeff Li has been appointed as its new Vice President of Product. Jeff will be concentrating on growing and improving Binance’s product line to make sure it stays at
Binance Wealth, the first crypto exchange technological solution for wealth managers, was unveiled today by Binance, the global blockchain ecosystem that more than 230 million people globally trust. Similar to conventional wealth management, Binance Wealth gives wealth managers the ability to supervise their clients’ onboarding and provide investment recommendations. This way, customers
The Royal Government of Bhutan recently transferred 929 BTC, valued at $66 million, to Binance. This move follows Bitcoin’s price surge above $71,000, marking Bhutan’s first significant transfer since selling $24 million in BTC via Kraken in July. The on-chain analytics platform Arkham reported this sale. Royal Government of #Bhutan
The October cycle was indeed a not-so-bearish phase for the meme players. Notably, the current cap of the overall memecoin market jumped 13% from $52.48 billion to form this 4-month peak at $59.31 billion. This upswing was revived following the recent listings of emerging memecoins on Binance, the largest crypto
As per a recent Binance Research report, Spot Bitcoin (“BTC”) Exchange-traded funds (“ETFs”) have amassed more than 938.7K BTC (~US$63.3B), which, when combined with other funds of a similar kind, represents 5.2% of the entire supply of Bitcoin. The report further mentions that these ETFs are removing an average of
The Solana-based meme coin, Moo Deng (MOODENG), has gained notable attention in the cryptocurrency market, with its value increasing by 128.4% in the last 24 hours. Currently trading at around $0.1649, MOODENG has also seen a 293% rise in trading volume. This price action follows Binance’s announcement of a USD-Margined
