Binance

A research report by Bernstein suggested the recent regulatory action taken against the Binance USD (CRYPTO: BUSD) stablecoin and its issuer Paxos is specific to BUSD and cannot be applied to other stablecoins like USD Coin (CRYPTO: USDC). What Happened: Some in the industry were concerned...

Global cryptocurrency exchange Binance has been accused of having secret access to a bank account belonging to its purportedly independent U.S. partner, Binance.US, and transferring large sums of money to a trading firm managed by Binance CEO Changpeng "CZ" Zhao. According to banking...

Cryptocurrency exchange Binance is expected to face fines from U.S. regulators as part of ongoing investigations, according to the firm's Chief Strategy Officer Patrick Hillmann. In an interview with The Wall Street Journal, Hillmann stated the company, which began operations in China in...

The Securities and Exchange Commission's direction to Paxos to cease issuing new units of Binance's dollar-pegged cryptocurrency Binance USD (CRYPTO: BUSD), has triggered reactions from industry experts, who believe that staking yield should not be considered a security. Slava Demchuck, CEO...

Binance CEO Changpeng Zhao reiterated that "FUD is temporary" on Monday evening after the New York Department of Financial Services issued an order requiring Paxos to cease minting new Binance USD tokens (CRYPTO: BUSD). What Happened: As a result, Binance Coin (CRYPTO: BNB) took a plunge...

Stablecoin issuer Circle Internet Financial Ltd. (CRYPTO: USDC) complained to the New York State Department of Financial Services (NYDFS) last year about its rival, Binance, and its mismanagement of reserves for its own tokens (CRYPTO: BUSD), according to a Bloomberg report. What Happened: In the...

Cryptocurrency exchange Binance is seeking to hire a European Union Policy communications director to join its Global Communications team. This person will shape the company's communications narrative and execute campaigns related to corporate, regulatory and political developments...

Digital asset exchange Binance is facing delays in its auditing process, which has been prompted by increased calls for transparency following the collapse of rival FTX, according to a senior executive. The company had originally planned to carry out a full audit of its assets and liabilities but...

Cryptocurrency exchange Binance on Monday announced a temporary suspension of U.S. dollar deposits and withdrawals using bank accounts. The suspension is set to begin on Wednesday, and the exact reason for this change was not disclosed. Notably, bank transfers using other fiat currencies such...

With the recent earthquakes in Turkey having a devastating impact on the region, claiming thousands of lives and leaving many more people in need of aid and support, the global cryptocurrency community has stepped up to offer its support, with many local and international crypto exchanges...

Baby Doge coin (CRYPTO: BABYDOGE) rallied over 95% in the last seven days, beating top five meme coins by market capitalization. Cryptocurrency Gains (+/-) Price (12p.m. EST) Baby Doge +95% $0.000000002894 Bone ShibaSwap +36% $1.82 Shiba Inu +21.45% $0.00001449 Dogelon Mars +21.56% $0....

Venture capital firm Andreessen Horowitz (a16z) has voted against the final proposal to deploy Uniswap v3 on the BNB Chain using the Wormhole bridge, according to the Uniswap DAO forum. What Happened: The governance proposal to deploy the latest Uniswap iteration on the BNB Chain was submitted on...

Indian billionaire Gautam Adani has seen his wealth tumble in 2023 on the heels of a short report from Hindenburg Research. Here’s a look at his current wealth and how his loss compares to several other notable billionaires in recent history. What Happened: Short seller Hindenburg Research...

Cryptocurrency exchange Binance has acquired a majority stake in the South Korean cryptocurrency trading platform Gopax, Bloomberg reported. This move marks Binance's return to the South Korean market after a two-year absence. The funding for the acquisition came from the Industry Recovery...

Ethereum PoW (CRYPTO: ETHW) is soaring 20% in the last 24 hours, making it the highest performer on CoinMarketCap’s daily gainers’ list. What Happened: At the time of writing, ETHW was trading at $4.73. While apex crypto Bitcoin (CRYPTO: BTC) was at $23,557, down 1.46%, Ethereum (CRYPTO...