March 15, 1:00 pm
|Binance to Restrict Ukrainian Hryvnia Operations Via 2 Payment Providers|
Crypto exchange Binance will stop processing transactions with Ukrainian hryvnia through two payment platforms later in March. The move follows an earlier suspension of deposits and withdrawals using bank cards in the national currency of Ukraine.Ukrainian Users Lose More Fiat Options to Trade on Cryptocurrency Exchange Binance
The world’s leading digital asset exchange in terms of trading volume, Binance, said on Monday that Ukrainian hryvnia purchases through the digital wallets Settlepay and Advcash will be unavailable, starting from March 21.
“Settlepay withdrawals are currently open and you can withdraw fiat currency to your wallet, the withdrawal fee is 0%,” the platform noted in an announcement to its Ukrainian users published on Telegram and Twitter.
Fiat deposits and withdrawals via bank cards and other payment services have been suspended throughout Ukraine, the exchange reminded. The measures are related to restrictions imposed by the National Bank of Ukraine, its representatives explained earlier in March.
Besides Binance, a leading Ukrainian crypto exchange, Kuna, also acknowledged the interruptions. Its founder Michael Chobanian commented that these could be linked to efforts by the government in Kyiv against money laundering and tax evasion throu...
March 13, 5:30 pm
|Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum|
On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant onchain movements would be noticeable following the announcement.CZ's Decision to Convert $1 Billion BUSD Co...
March 13, 11:30 am
|Binance Launches Prepaid Card in Colombia|
Binance, the cryptocurrency exchange, has launched a prepaid cryptocurrency card in Colombia, expanding its reach in Latam. The card, which will allow customers with their identity verified to make payments with crypto, establishes the country as one of the leading markets for the exchange in Latam behind Brazil and Argentina.
March 13, 9:39 am
|Bitcoin Explodes 10% Daily on Positive SVB Developments, Binance $1B Inj...|
It's been a while since we last saw so many developments in such a short time within the cryptocurrency market. The most important piece of information seems to be that the US Government, in the face of the Federal Reserve, the Treasury, and the FDIC reassured that depositors in Silicon Valley Bank will be saved.
Bitcoin's Price Rallies
March 13, 5:53 am
|Binance Will Convert $1B Into BTC, BNB, ETH, Bitcoin Price Skyrockets to...|
The past week has been wild altogether and not just in the cryptocurrency market. A major bank in the US - Silicon Valley Bank - experienced what was essentially a bank run and was forced to shut down by authorities to prevent further panic.
The government, in the face of the Federal Reserve and the Treasury, as well as the FDIC, were quick to come...
March 12, 10:30 pm
|Binance Trains Ukraine's Cyberpolice and Security Service|
Crypto exchange Binance has organized training courses for representatives of law enforcement authorities in Ukraine. The leading coin trading platform has been involved in dozens of similar initiatives over the past year, in a number of countries.Binance Provides Crypto Training to Security Officials in Ukraine
The world’s largest digital as...
March 11, 6:01 am
|USDC Tumbles as Circle Reveals $3.3 Billion Held at SVB, Tether and Bina...|
Following the second-largest bank collapse in American history on Friday, market participants are worried about which firms might be caught up in the contagion surrounding Silicon Valley Bank (SVB).
Here’s what venture capitalists and major crypto executives had to say about the failure – and why the crypto community is keeping an...
March 10, 11:30 pm
|Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Throu...|
Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of which have been blocked during the ongoing investigation.Digital Asset Exchange Making Millions in Turnover Closed Down in Kazakhstan
A platform illeg...
March 10, 9:30 pm
|Binance Bans Russians From P2P Transactions With Dollars and Euros|
Cryptocurrency exchange Binance has introduced new restrictions for Russian users, in accordance with the latest European sanctions. The platform is restricting access to peer-to-peer (P2P) transactions in U.S. dollars and euros for traders based in the Russian Federation. Binance Prohibits US Dollar and Euro Transactions for Russians on Its P2P Ma...
March 08, 9:44 pm
|Binance NFT Announces Integration With Polygon Network|
Cryptocurrency exchange Binance's non-fungible token arm - Binance NFT - has announced adding support for the Polygon network on March 8th.
The integration of the Polygon network will enable users to explore and trade a wider variety of NFTs across multiple blockchains. This includes - BNB Smart Chain (BSC), Ethereum (ETH) network, as well as Polyg...
March 05, 12:38 pm
|What Will Happen to Binance if SEC Manages to Kill BUSD: Experts' Take|
Since being embroiled in a regulatory tussle, BUSD’s market cap went on a steep downward spiral. Since hitting an all-time high of $23.04 billion in November 2022, the market cap of the once-major stablecoin declined by more than 60% to $9.17 billion at the time of writing.
The Paxos situation is indicative of the larger picture of crypto exc...
March 05, 5:00 am
|Crypto Exchanges Binance and Kuna Suspend Card Transactions in Ukrainian...|
Major cryptocurrency exchanges operating in Ukraine have temporarily suspended operations with hryvnia bank cards. The measure stems from restrictions imposed by the country’s central bank, Binance and Kuna indicated in comments for crypto media. Ukrainians Unable to Trade Crypto Assets Using Cards in National Currency
The world’s large...
March 05, 3:00 am
|Crypto Exchange Binance Joins Forces With Law Enforcement to Launch Anti...|
Binance has launched its Joint Anti-Scam Campaign in collaboration with law enforcement agencies worldwide to fight 'an alarming uptrend' in crypto-related scams, the cryptocurrency exchange said. 'So far, the project has achieved tremendous results,' Binance claimed.Binance's Joint Anti-Scam Campaign
Cryptocurrency exchange Binance announced Frida...
March 03, 4:27 pm
|CZ Reassures Binance Still Supports Voyager Deal Amid Questionable Headl...|
Some reports have started running rampant following a tweet that CryptoPotato created earlier today.
More specifically, the tweet in question is this:
RE: @binance - Voyager deal
This is what a US Judge responded to an SEC attorney who failed to provide specific arguments:
“Deliberative is one thing, but what have you done? If there are reas...
March 03, 12:30 am
|US Senators Probe Crypto Exchange Binance About 'Potentially Illegal Bus...|
Three U.S. senators have asked crypto exchanges Binance and Binance US for documents and answers pertaining to 'potentially illegal business practices.' The lawmakers told Binance CEO Changpeng Zhao (CZ): 'Your actions have called into question the legitimacy of your business and the safety of your customers' assets.'U.S. Lawmakers Probe Binance
March 01, 11:30 pm
|Binance Tests AI-Infused NFT Platform Bicasso in Limited 10K Mint Run|
On Wednesday, Binance CEO Changpeng Zhao, also known as CZ, announced the launch of a new non-fungible token (NFT) platform infused with artificial intelligence (AI). The AI-centric product is named Bicasso, and CZ said the beta version dropped today and was limited to 10,000 mints.Combining AI and NFTs: Binance CEO Announces Bicasso
February 28, 2:22 pm
|Binance Listing Triggers Over 100% Surge in Liquity token|
Liquity protocol’s native token - LQTY - shot up by 108.36% after a listing announcement by crypto giant, Binance.
The decentralized borrowing protocol essentially enables users to draw 0% interest loans against Ether used as collateral. LUSD, which is a USD-pegged stablecoin, is used to pay out loans and needs to maintain a minimum collatera...
February 28, 7:42 am
|Binance Denies Improper Use of $1.8B of Users' Funds|
Binance, the world's largest cryptocurrency exchange, denied a report published by Forbes titled 'Binance's Asset Shuffling Eerily Similar To Maneuvers By FTX,' which argues that the crypto giant transferred $1.8 billion associated with its users' funds.
According to Forbes, between August 17 and early December 2022, Binance moved 'silently' $1.8 b...
February 24, 10:30 am
|Binance Looking to Hire Developers, Support Staff in Romania|
Global crypto exchange Binance is now hiring IT specialists and customer service representatives for its operations in Romania. The leading coin trading platform is also engaged in a number of educational initiatives in collaboration with Romanian universities and authorities.Cryptocurrency Exchange Binance Recruiting Personnel for Romania Offices
February 23, 1:51 pm
|Bitcoin Volatility Increases as Binance Closes Some Aussie Derivatives A...|
The world's leading cryptocurrency exchange - Binance - took to Twitter to announce that it has forcibly closed positions of Australian accounts that have been mistakenly classified as 'Wholesale Investors.'
Binance revealed that Australian regulation requires them to forcibly close positions of mistakenly classified accounts of Australian investo...
February 23, 6:59 am
|Binance Introduces Semi-Automated Reserve Token Management: Report|
The company has switched to a “semi-automated” process to govern the reserves that back the tokens it issues. In late January, it was discovered that Binance stored token collateral with user funds in the same wallet.
Bloomberg reported that the firm mistakenly stored collateral for almost half of its 94 Binance-peg tokens (B-tokens) in...
February 21, 9:30 pm
|Binance Increases USDC Holdings as BUSD's Market Cap Slides Lower|
Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin's market capitalization has been sliding lower as redemptions have become more prominent. Meanwhile, a data researcher from Nansen has discovered that Binance, the largest cryptocurrency exchange by trade volume, has increased its usd coi...
February 21, 6:15 pm
|Paxos in Talks With SEC Over Binance Stablecoin: Report|
Major blockchain infrastructure platform Paxos Trust Company is holding discussions with the US Securities and Exchange Commission (SEC) concerning Binance stablecoin BUSD, according to a report by Reuters.
The company earlier received a notice from New York authorities to cease minting BUSD.
According to Reuters on Tuesday (Feb. 21, 2022), Charle...
February 20, 1:30 am
|Binance US Refutes Reports Comparing It to Fraudulent Crypto Exchanges|
Binance US has refuted reports that draw parallels between it and 'fraudulent exchanges that have gone bankrupt.' The U.S.-based crypto trading platform stressed that 'only Binance.US employees' have access to its bank accounts, denying the allegation that global crypto exchange Binance has 'secret access.'Clarifications by Binance US
Binance US, a...
February 18, 4:00 am
|Binance Expects to Pay Fines to Settle With US Regulators for Past Condu...|
Crypto exchange Binance expects to pay fines to U.S. authorities to settle regulatory and law-enforcement investigations over its past conduct, the company's chief strategy officer reportedly said. When Binance began its business, the company was unfamiliar with the rules it needed to comply with in the U.S., the executive explained.Binance Plans t...
February 17, 11:42 am
|Binance Starts Minting True USD (TUSD) as TRU Price Explodes|
Binance has started minting True USD (TUSD) in response to a U.S. regulatory crackdown on its own stablecoin BUSD.
On Feb. 16, the world’s largest crypto exchange minted 50 million TUSD, according to blockchain sleuths. True USD was launched in 2018 and listed on Binance in May of that year.
TUSD is the sixth largest stablecoin but a minnow i...
February 17, 5:00 am
|Binance and Huobi Freeze $1.4 Million in Crypto Linked to North Korea|
Crypto exchanges Binance and Huobi have frozen cryptocurrencies worth approximately $1.4 million linked to North Korea, according to blockchain analytics firm Elliptic. The firm noted that the stolen funds, which were dormant until recently, originated from the June 2022 hack of Harmony's Horizon Bridge.North Korea-Linked Crypto Frozen by Binance a...
February 16, 9:31 pm
|Binance Admits to Compliance Missteps, but Now in Talks With US Regulato...|
Leading cryptocurrency exchange Binance had 'gaps' in regulatory compliance in the first few years after its launch in 2017, the company's Chief Strategy Officer (CSO) Patrick Hillmann told the Wall Street Journal in an interview.
Hillmann revealed that Binance had missteps during the implementation of its security measures, such as the Know-Your-C...
February 15, 6:05 pm
|Another $1.4M in Funds Stolen by Lazarus Group Frozen by Binance, Huobi|
It’s been over half a year since the Harmony bridge was breached, allowing hackers believed to be a part of the Lazarus Group to make off with about $100 million in cryptocurrencies at the time they were stolen.
Multiple Cashout Attempts
Nearly $91 million of those funds have seen attempted cashouts so far. The most recent attempt at launderi...
February 14, 7:50 pm
|Did You Know Crypto Makes You More Attractive? Binance Survey Says So|
A new survey conducted by the world's largest cryptocurrency exchange Binance discovered that having an interest in crypto could make people more attractive.
Binance conducted the study from February 6 to 9, 2023, surveying 2,600 participants aged 18 to 46.
Interest in Crypto is a 'Significant Plus'
The survey discovered that an active interest in ...
February 14, 7:32 am
|Binance USD (BUSD) Redemptions Surge to $360M as Investors Panic|
Paxos, the issuer of the Binance stablecoin BUSD has announced that it will no longer mint the dollar-pegged asset from Feb. 21.
The move came in response to an SEC threat of legal action, accusing the New York Department of Financial Services (NYDFS) regulated company of selling unregistered securities, even though BUSD is a stablecoin.
In a state...
February 13, 11:40 pm
|Circle Warned NYDFS About Binance Reserves Prior to BUSD Crackdown: Repo...|
Circle – the issuer of the world’s second-largest stablecoin, USDC – reportedly warned the New York Department of Financial Services (NYDFS) last Autumn that Binance has been mismanaging its token reserves.
This came months before Monday’s announcement that Paxos is ending its relationship with Binance surrounding BUSD, by...
February 13, 7:30 pm
|Binance CEO Warns of 'Profound Impacts' on Crypto Industry if BUSD Is Ru...|
Binance CEO Changpeng Zhao (CZ) has warned of 'profound impacts' on the crypto industry if stablecoin Binance USD (BUSD) is ruled as a security. His warning followed an alleged lawsuit by the U.S. Securities and Exchange Commission (SEC) against Paxos, the issuer of Binance USD.Binance's CEO on SEC Action Against Paxos and BUSD
Following the news t...
February 13, 1:23 pm
|Here's When Paxos Will Stop Minting Binance USD (BUSD)|
The US-based blockchain infrastructure platform - Paxos Trust Company - will stop the issuance of new Binance stablecoins (BUSD) from February 21.
Despite this, the firm said it has a 'strong corporate balance sheet' and vowed to continue servicing new and existing clients.
Ending the Relationship With Binance
As directed by the New York Stat...
February 13, 9:51 am
|Binance Coin Dumps Below $300 Following News From US Regulators: Market ...|
Bitcoin had tapped $22,000 hours before the latest regulatory scrutiny coming from the US, this time going after Paxos and the BUSD stablecoin the company issues.
Somewhat expectedly, the altcoins have reacted even worse, with HBAR, APT, FTM, GRT, and a few others dumping by double digits.
Bitcoin Back Below $22K
Bitcoin was performing a lot better...
February 13, 7:05 am
|Stablecoin Issuer Paxos Faces SEC Wrath Over Binance USD Coin: WSJ|
According to reports on Feb. 12 citing ‘people familiar with the matter,’ the SEC plans to take action against Paxos over the Binance stablecoin, BUSD.
The WSJ report stated that the financial regulator issued a letter to Paxos, known as a Wells notice, to inform it of possible enforcement action. The Wells notice enables companies to r...
February 10, 12:51 pm
|Binance Aims to Improve Proof-of-Reserve System With zk-SNARKs|
Binance said earlier today it had introduced zk-SNARKs to its proof-of-reserve system in an attempt to make it easier for users and other entities to verify its solvency.
Additionally, the exchange has added four new crypto assets to its PoR system.
Ever since the loud collapse of FTX in late 2022, cryptocurrency exchanges have rushed to prove the...
February 09, 7:44 pm
|WazirX's Comeback on Denial of Wallet Services Threatens Binance with Le...|
The opaque and intriguing ownership of the Indian crypto exchange WazirX continues to baffle investors and crypto honchos alike. Over the past two weeks, Binance and WazirX top executives once again came to blows over the issue.
In August 2022, Binance CEO Changpeng Zhoa and WazirX CEO Nischal Shetty publicly accused each other of lying about ...
February 09, 1:35 pm
|Binance Custody Rebrands to Ceffu|
The world's leading cryptocurrency exchange, Binance, is now rebranding its Custody department to Ceffu. If the name sounds familiar, it's because it takes inspiration from the popular Secure Asset Fund for Users (SAFU).
According to the official release, the purpose behind the move is to emphasize the company's commitment to putting the safety of ...
February 08, 7:27 pm
|Binance Organizes Crypto Consortium to Revive Trust in Blockchain Indust...|
Binance, the biggest exchange in crypto, seeks to revive trust in the industry after an onslaught of hacks and scams that ravaged its reputation last year.
The company is helping bring together a consortium of fellow businesses intent on proving how well the space can cooperate with regulators.
Bringing Back Trust
As reported by CoinDesk, the...
February 07, 4:10 pm
|Binance to Distribute $5M Worth of BNB to Earthquake-Affected Turkish Us...|
The largest cryptocurrency exchange - Binance - added its name to the list of companies that provided help to Turkish residents affected by the recent devastating earthquake.
It will give away $100 worth of BNB to each of its local users and launched a public donation address where everyone can contribute.
Binance vowed to airdrop ...
February 07, 12:48 am
|Binance Announces Temporary Suspension of USD Bank Transfers|
Binance – the world’s largest crypto exchange – announced on Monday that it will pause all deposits and withdrawals in USD from bank accounts starting February 8.
The company said it will work to restart the feature as soon as possible.
Why the Suspension?
After announcing the suspension over Twitter, Binance offered n...
February 06, 11:30 pm
|Binance Halting US Dollar Deposits and Withdrawals via Bank Accounts|
Global crypto exchange Binance is suspending deposits and withdrawals in U.S. dollars via bank accounts starting Wednesday as more and more banking institutions try to reduce their exposure to the crypto market. 'We are working hard to restart service as soon as possible,' Binance said.
Binance Suspending USD Deposits and Withdrawals
February 06, 11:27 am
|Binance Launches New Crypto Tax Reporting Tool for Certain Users|
The world's largest cryptocurrency exchange has launched a new tool dubbed Binance Tax to enable users to understand their crypto tax liabilities on up to 100,000 transactions.
According to a press release shared with CryptoPotato, the new feature aims to help customers stay up-to-date with their crypto-related tax liabilities.
Details of Binance T...
February 05, 5:00 am
|Binance to Support Georgia's Crypto Industry Through Blockchain Educatio...|
Digital asset exchange Binance has agreed to help Georgia to develop its cryptocurrency sector by launching educational and other blockchain initiatives. The leading coin trading platform has been expanding its presence in the region with similar projects in other countries. Binance and Georgian Tech Agency to Jointly Develop Country's Crypto Econo...
February 04, 4:30 am
|Binance Says Indian Crypto Exchange Wazirx Can No Longer Use Its Wallet ...|
Binance has announced that Indian crypto exchange Wazirx can no longer use Binance wallet services. Zanmai, the operator of Wazirx, has until Feb. 3 'to remove the funds from the accounts that they used for Wazirx's operations.' The move followed a public dispute regarding the relationship between Binance and Wazirx.
Binance Ends Wallet Services to...
February 04, 1:00 am
|Binance Returns to Korean Crypto Market — Invests in Troubled Exch...|
Binance has returned to the South Korean cryptocurrency market after two years with a 'meaningful' investment in a local, licensed crypto exchange. Gopax fell into trouble following the collapse of crypto exchange FTX and the bankruptcy filing of crypto lender Genesis Global.Binance Invests in Troubled Korean Crypto Exchange
February 03, 11:57 am
|Binance Gives Deadline for WazirX to Withdraw Client Assets Stored in it...|
The world's leading crypto exchange has given an ultimatum to the operator of WazirX to withdraw all customer funds stored on Binance's infrastructure and wallets.
This comes as Zanmai has supposedly refused to retract a previous 'false public statement' against Binance.
The spat between the two crypto trading platforms began last year when the In...
February 03, 10:46 am
|Binance Returns to South Korea to 'Rebuild' the Local Crypto Industry (R...|
The world's largest cryptocurrency exchange - Binance - reportedly restored operations on the South Korean market after acquiring a majority stake in the distressed local platform Gopax.
It halted operations in the Asian country in 2021, citing low interest and usage among local traders.
Back in South Korea
Binance revealed its int...
February 02, 4:19 pm
|CryptoGames Introduces Binance Coin (BNB) as Payment Option|
[PRESS RELEASE - Please Read Disclaimer]
CryptoGames, a leading cryptocurrency-based online gaming platform, has recently announced the addition of Binance Coin (BNB) as a payment option. This is great news for the platform's users who can now enjoy seamless transactions with their Binance Coin wallets. The integration of Binance Coin will not only...