Binance News
SEC vs. Binance Lawsuit Update – Judge Rules BUSD Not a Security
In a significant development for the ongoing legal battle between Binance and the SEC, a judge has ordered the discovery phase to be concluded, and dismissed the SEC’s claims that...
Binance Explores Deal with Megazone to Divest Gopax Stake
Binance is in advanced talks to substantially reduce its stake in Streami, the parent company of South Korea’s Gopax exchange. According to reports from IT Chosun, Binance currently owns 72.6%...
Ethereum Futures: Record Open Interest Sparks Investor Excitement
According to data from Coinglass, a leading crypto derivatives analytics platform, the total open interest of Ethereum (ETH) futures contracts has surged to $12.484 billion, a significant 24-hour increase of...
Binance Whale Makes Massive XRP Move, Market Reacts
Adding to the recent spate of whale activity and large-scale asset movements in the crypto market, a staggering 300 million XRP tokens (approximately $130 million) were transferred from leading exchange...
Binance’s Winning Formula: How the Exchange Captured $908 Million in Q2 2024
Binance, the world’s largest cryptocurrency exchange, continues to lead the market in capital inflows, according to a new report. The exchange attracted a staggering $908 million in Q2 2024, further...
Do Kwon Exposed: Crypto Influencer Reveals Shocking Details of Terra Luna Fraud
Crypto influencer Rasgard recently took to X (formerly Twitter) to shed light on the alleged wrongdoings of Do Kwon and the now-bankrupt Terraform Labs, the company behind the $40 billion...
Binance’s Bitcoin User Balance at 605,636.567 BTC, ETH at 4,711,979.871
Binance, the largest cryptocurrency exchange by trading volume, released its 20th Proof of Reserves, revealing the company’s asset reserves changes in July. Wu Blockchain, a crypto reporting platform run by...
Nigeria vs. Binance: Court Hearing Highlights Unlicensed Operation, Money Laundering Charges
Crypto exchange Binance’s regulatory woes in Nigeria deepened as the Central Bank of Nigeria (CBN) accused the company of operating without a license in the country. The allegation emerged during...
Ripple Invokes Recent Court Victory for Binance in Ongoing SEC Case
Ripple Labs has filed a supplemental brief in its ongoing legal battle with the U.S. Securities and Exchange Commission, citing a recent court ruling in the SEC’s case against Binance....
Coinbase Takes a Page from Binance’s Playbook: Will It Work Against the SEC?
Buoyed by a recent court ruling in favor of Binance, Coinbase has appealed in a letter to Judge Katherine Polk Failla, urging her to reconsider its request for an interlocutory...
Binance Champions MiCA-Compliant USDC in European Crypto Market
Binance, the world’s leading cryptocurrency exchange, has doubled down on its support for USD Coin (USDC) in the European market after Circle, the issuer of USDC, became the first major...
Is the Howey Test Still Relevant? Ripple’s Alderoty Questions SEC’s Approach
Ripple’s Chief Legal Officer, Stuart Alderoty, reignited debate over regulatory clarity in the cryptocurrency space, criticizing a pivotal 2018 speech by former SEC Director William Hinman as a “fairy tale.”...
Judge’s Smackdown of SEC in Binance Case Sparks Hope for Crypto Industry
In a significant legal victory for Binance, a federal judge has ruled that secondary market sales of its BNB token do not constitute securities. The decision could have far-reaching implications...
SEC Suffers Setback as Judge Rules Binance’s BNB Secondary Sales Not Securities
A federal judge has rejected the U.S. Securities and Exchange Commission’s claim that secondary market sales of Binance’s BNB token constitute securities, delivering a significant win for the cryptocurrency exchange...
Binance.US Exits Washington State as Regulatory Challenges Mount
Binance.US, the American arm of the global cryptocurrency exchange, will cease operations in Washington state on August 20, 2024, following the loss of its operating license amid heightened regulatory scrutiny....
Binance’s KYC Crackdown Underscores Importance of KYC in Web3
Binance has taken action against fraudulent activities within its Megadrop campaign, banning 297 main accounts. One notable incident involved an account that attempted to accumulate over 9,000 KYC profiles. Consequently,...
DWF Labs Cashes Out JASMY Tokens, Reaping Massive Profits on Binance
Spot On Chain, the AI-powered on-chain tracker, identified a significant JASMY transaction by DWF Labs. According to Spot On Chain, DWF Labs sent 24 million JASMY tokens, worth $731,000, to...
Latin American Crypto Markets Favor Stablecoins Over Bitcoin, Kaiko Research Reveals
Stablecoins have overtaken Bitcoin in popularity among Latin American crypto users, according to a new report from research firm, Kaiko. This trend, observed across seven major exchanges, highlights a growing...
Binance Freezes $5.3M Funds Aligning with Investigation on BtcTurk Exploit
Binance CEO Richard Teng announced the crypto exchange’s alliance with the largest Turkish crypto exchange, BtcTurk, to investigate the latter’s recent exploit. Consequently, Binance froze over $5.3 million in stolen...
Binance Slapped with $2.25 Million Fine by Indian Financial Regulator
India’s Financial Intelligence Unit (FIU) has fined Binance, the world’s largest cryptocurrency exchange, $2.25 million for allegedly operating in the country without complying with anti-money laundering regulations. This marks the...
Binance Invests in Cross-Chain DEX Aggregator Rango
Binance Labs, the venture capital and incubation arm of the world’s leading cryptocurrency exchange Binance, has invested in Rango, a cross-chain decentralized exchange (DEX) and bridge aggregator. The investment amount...
Binance US Hit With Another License Revocation in North Dakota
North Dakota has become the latest state to revoke Binance US’s license to operate as a money transmitter, citing compliance failures and the legal troubles of its founder, Changpeng Zhao....
Binance Welcomes zkSync (ZK) to Its Platform with Airdrop Bonus
Binance, the leading cryptocurrency exchange, has listed zkSync (ZK), a Layer 2 scaling solution for Ethereum. The exchange announced the listing to include trading pairs with BTC, USDT, FDUSD, and...
Scam Alert: Binance Co-Founder Targeted in Twitter Impersonation Scheme
Binance co-founder Yi He has issued a disclaimer against an impersonator using her identity to scam unsuspecting users on the social media platform X. Yi He denied having issued any...
zkSync Slumps: OKX CEO Offers Counter-Narrative
OKX CEO Star Xu has questioned the growing criticism surrounding zkSync, a layer-2 scaling solution for Ethereum. Many have accused zkSync of being a “scam,” particularly in the wake of...
