Judge Jed Rakoff, the U.S. District Court for the Southern District of New York judge overseeing the Terra case, sided with the SEC in an end-of-year ruling. In it, he said that the case from defendants Terraform and founder Do Kwon “asks this court to cast aside decades of settled law of the Supreme Court,” the judge determined. “The court declines the defendants’ invitation.” Source
The 2% market depth on Binance for the USDC/USDT pair is skewed to the upside, with $26 million in orders stacked up to $1.02 and $6.1 million in orders stacked down to $0.98, according to CoinMarketCap. This means that when a trader makes a sell order larger than $6.1 million, the price would fall below $0.98. There was $6.2 million worth of volume at 12:10 UTC followed by $4.3 million at 12:21 UTC. Source
The native asset of the world’s largest crypto exchange platform by volume is spiking as new data reveals that Binance onboarded 40 million new users in 2023. According to Binance’s 2023 end of year report, the crypto exchange increased its number of new users by 30% compared to 2022 despite a year rife with regulatory woes. “This year, our organization took responsibility for historical issues and has evolved through leadership change, emerging from it an even stronger business. In 2023, Binance welcomed more than 40 million new users (more than…
The price of Bitcoin (BTC) paired with the stablecoin Tether (USDT) on Binance suddenly increased almost tenfold. According to Chinese journalist Colin Wu, the price of the BTC/USDT perpetual contract on the largest cryptocurrency exchange Binance jumped from $42,000 to $420,000 on Dec. 29. The price of Binance BTC/USDT Perpetual Contract suddenly rose from around $42,000 to $420,000 multiple times today. Binance had previously experienced a similar problem in September. CZ said that there was a problem with the chart display. https://t.co/4XoqrhiOsZ pic.twitter.com/L8xz8VgZCG — Wu Blockchain (@WuBlockchain) December 29, 2023…
Presently, India is working on a crypto regulatory framework that is scheduled to take effect in 2024. The framework is based on a joint recommendation of both the International Monetary Fund and the Financial Stability Board. The Indian government, through its Financial Intelligence Unit (FIU), has moved to block a total of 9 URLs belonging to various global crypto exchanges. The move is said to be in line with the government’s efforts to ensure that digital asset service providers comply with its Anti-Money Laundering regulations. In this regard, India has…
The Indian government has issued show cause notice to nine popular offshore virtual digital assets service providers under the local anti-money laundering laws. The announcement yesterday (Thursday) further detailed that the Financial Intelligence Unit (FIU) ordered to blacklist the domains of the nine crypto exchanges as they are illegally operating in the country. The names of the crypto exchanges in the notice are Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex. All these exchanges are ranked at the top in terms of global crypto trading volume but…
The largest cryptocurrency trading venue added 40 million accounts to 170 million. Source
Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex are the nine exchanges. The government has also taken the first steps to block the URLs of “said entities that are operating illegally without complying with the provisions of the PMLA in India.” Source
Curve Finance founder Michael Erogov has moved over 23 million CRV, the native governance token of the Curve DAO, to Binance, the world’s leading cryptocurrency exchange, over the last five days, The Data Nerd, on December 27, shows. The founder moved 2.5 million CRV on December 27. This transfer may ruffle investors, raising concerns because it could indicate that Erogov is likely liquidating. Curve founder moves coins to Binance | Source: The Data Nerd via X CRV Is Firm, Up 60% In The Last 3 Months While the founder’s sale of CRV…
Binance has introduced Sleepless AI as the 42nd project on its Launchpool. Sleepless AI is a web3 and AI-integrated gaming platform offering a new interactive gaming experience. The platform allows users to engage with AI-based features in a game setting. The platform will go live tomorrow, enabling users to stake BNB, FDUSD, and TUSD to earn AI tokens over a seven-day period. The AI tokens will be tradable on Binance starting Jan. 4, with several trading pairs available, including AI/BTC and AI/USDT. The total supply of AI tokens is set…