Binance, one of the world’s largest cryptocurrency exchanges, has seen its fair share of controversies and ‘FUD’ (fear, uncertainty, and doubt) this year. Adding to the turmoil, Mayur Kamat, Global Head of Product, has recently resigned. Binance confirmed Kamat’s departure through the email sent to the crypto media, mentioning gratitude
Binance has burned 796 million Terra Classic (LUNC) tokens as part of its 13th LUNC burn batch. So far, the crypto exchange has burnt approximately 37 billion LUNC, while the community as a whole has burned over 74 billion LUNC. According to the transaction details on September 1st, the exchange
Binance, the world’s largest crypto exchange, has released an announcement stating that users should convert their Binance USD (BUSD) into other cryptocurrencies, including the newly listed stablecoins, before February 2024. This announcement comes after Paxos halted the minting of the new BUSD. As Paxos has halted minting of new BUSD,
A new attorney for Binance.US has been granted by a federal court in the U.S. SEC case involving Binance, its U.S subsidiary and CEO Changpeng Zhao. On August 30, Andrew Rhys Davies, an attorney representing Binance.US, filed a notice of presence in the ongoing SEC litigation. Davies’s application to appear
A move to submit court papers under secrecy has been filed on behalf of the U.S SEC in its civil lawsuit against Binance. More than 35 documents, a statement from Jennifer Farer (a trial attorney for the SEC), and a proposed order were all included in the request. The SEC
Binance no longer accepts Banco de Venezuela as a funding source for its P2P trading service. Similar actions were taken with Russian banks last week, so this is certainly an attempt to comply with international financial crackdown. Users in Venezuela claim that Binance has removed Banco de Venezuela as a
DWF Labs, the global digital asset market maker, has revealed the firm sent a massive amount of the Curve DAO Token (CRV) from the world’s largest crypto exchange, Binance. Following the transactions, CRV has experienced a sudden surge of over 5%. DWF Labs(@DWFLabs) withdrew 2M $CRV($972K) from #Binance 40 mins
Binance stated that its Poland subsidiary will begin serving citizens of Belgium in compliance with a directive from the Belgian Financial Services and Markets Authority (FSMA). Binance said on August 28 that the exchange’s Polish subsidiary, Binance Poland sp. z o.o., which was formed in January with approval from Polish
In a striking turn of events, Uniswap, the leading decentralized exchange, has emerged as the forerunner in the realm of spot trading volume, outpacing Coinbase, the prominent U.S. crypto exchange, throughout the course of 2023. A recent report by Bitwise’s crypto asset manager, Ryan Rasmussen, reveals a compelling trend that
Binance, the world’s largest crypto exchange, has revealed that it will suspend crypto credit card services in Latin America and the Middle East starting August 25. However, the crypto exchange claimed that refunds and disputes could still be processed until December 2023. Hello there,The Binance Card will no longer be
