According to the trading company, the initiative, labeled as the next breakthrough in its effort to protect its consumers, will begin in Hong Kong, a well-known region for its openness to various crypto developments. In this release, Binance discusses how fraudulent cryptocurrency activities have progressed. The exchange claimed (1) that even though its systems are … Read more
After the regulatory crackdown carried out by U.S. authorities, Binance Dollar (BUSD) experienced a precipitous drop in the number of active addresses. The Binance ecosystem has seen a string of declines in recent weeks, and this latest one is the latest in that trend. Regression Clearly Visible at the BUSD Active Address The total … Read more
US Judge Michael Wiles has questioned the actions of the SEC in Crypto lender Voyager Digital and a crypto exchange Binance proposed business partnership. Voyager announced in December 2022 that it had chosen Binance.US as the company that had submitted the best and highest bid for its assets. The transaction is estimated to be worth … Read more
Binance is currently facing challenges in achieving its objective of lawfully expanding its worldwide influence in nations such as the United States. The Binance exchange, the largest cryptocurrency exchange platform, is getting ready to submit a new application in Singapore in the hopes of being approved as a payment processor. According to Nikkei Asia (1), … Read more
The cryptocurrency exchange known as Binance has responded to a report published by Forbes that asserts it secretly moved $1.8 billion in customer collateral. As AcyptoAnnals reported earlier, the leading cryptocurrency exchange reportedly shifted the assets that backed stablecoins without telling its consumers of the move. According to the report published by Forbes, Binance shifted … Read more
With the failure of FTX and Alameda before the end of 2017, the cryptocurrency exchange known as Binance, which is currently the largest in terms of daily traded volume and total user base, is the subject of intense scrutiny. Crypto experts have found malicious transactions within the firm’s wallets, even though the company has published … Read more
The Texas State Securities Board has expressed several concerns regarding the transaction terms and conditions in the motion they have jointly submitted.
According to statistics from Glassnode that were examined by CryptoAnnals, the Proof of Reserves (PoR) for both Bitcoin (BTC) and Binance USD (BUSD) have decreased by around $3.45 billion and $472.86 million respectively over the course of the past twenty-four hours. During the same timeframe as before, about $1.86 billion worth of USD Coin (USDC) … Read more
On October 18, around 50,000 Bitcoin (BTC) were removed from Coinbase, marking the first time since June that such a significant volume of the flagship asset has departed the exchange. The orange line in the following graphic depicts the number of Bitcoins that customers have withdrawn from Coinbase since the beginning of the current year. … Read more
The CEO of Binance explained in a thread that, similar to the worldwide crypto news site Block three years prior, the influential Chinese news outlet 163 was promoting FUD by publishing false information. The CEO of the world’s largest cryptocurrency exchange, Changpeng Chao (CZ), blasted the big Chinese news outlet 163 for releasing false information … Read more