The U.S. regulatory crackdown on the crypto sector continues with the latest being Binance. The biggest cryptocurrency exchange, Binance Holdings Ltd., and its CEO, Changpeng “CZ” Zhao, have been sued by the U.S. Commodity Futures Trading Commission (CFTC) for allegedly breaking trading and derivatives rules. On Monday, the CFTC filed
The cryptocurrency exchange Binance said on Monday that it will be opening a new regional center in Georgia. This is in line with its effort to increase talent acquisition, promote blockchain education, and speed up cryptocurrency adoption in Eastern Europe and Western Asia area. After announcing a series of strategic
Polygon (MATIC) has joined whales’ preferred crypto token list along with Ethereum, an attractive cryptocurrency for whales with its potential. One enormous whale was spotted acquiring a sizable quantity of MATIC earlier today. According to Whale Alert, an account that tracks whale transactions, 5,190,398 MATIC was transferred from an unknown
Binance, one of the most prominent cryptocurrency exchanges, has announced that it has finished a brief period of system maintenance and that trading has resumed as usual. Earlier on Friday, the exchange said that it would temporarily halt all spot trading on the platform. Resolving an issue is expected to
Binance the biggest cryptocurrency exchange in the world, has briefly stopped all spot trading, deposits, and withdrawals due to an issue that it is trying to fix. We are aware of an issue impacting spot trading on Binance. All spot trading is currently temporarily suspended as we work to resolve
On March 21 Tether minted 1 billion USDT on the Tron Network. This follows the billions of stablecoin that it has minted over the last week. In the last seven days, Tether has minted 4 billion USDT. Tether’s mintings have come as the stablecoin sector is facing increased competition, with
Binance, a cryptocurrency exchange, has announced the trading of the Arbitrum (ARB) token in the pairings ARB/BTC and ARB/USDT. With withdrawals commencing on March 24 at 17:00 UTC. Moreover, cryptocurrency derivatives exchange BitMEX has now released Arbitrum (ARB) futures that are margined in USDT, just in time for the much-anticipated
Binance introduced the “Secure Asset Fund for Users” (SAFU) on January 29, 2022; the SAFU is a $1 billion emergency insurance fund designed to protect Binance users in the case of a disaster. The SAFU fund’s initial holdings included BNB, BUSD, and BTC. Binance has replaced BUSD in the fund
The biggest cryptocurrency exchange, Binance, announced on Friday that it would process staked Ethereum withdrawals and is ready to support the next Ethereum Shanghai and Capella (Shapella) upgrades. Withdrawals of staked ETH from the cryptocurrency exchange, however, will be postponed for a week after the April 12 Shanghai upgrade to
The District Court of New York denied the government’s request to halt the $1 billion deal bid by Binance to buy up the voyager’s assets. The court stated the delay would harm customers. The decision to deny the government’s motion was announced on March 15. In it, Judge Micheal Wiles
