Tag: Binance

Dogecoin, Cardano, And Chainlink Get Special Listing From Binance

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Binance is on the move once again with new special listings for Dogecoin, Cardano, and Chainlink, among others. The exchange has announced brand new crypto trading pairs for these cryptocurrencies which would bring advantages to traders. Binance Adds New Dogecoin, Cardano, And Chainlink Pairs In a new development that was revealed on Christmas Day, the Binance crypto exchange has expanded its list of pairs available for both Cross Margin and Isolated Margin users. The announcement revealed that it will be adding 11 new pairs across these two products. The new…

Hong Kong’s HashKey Exchange restricts large third-party deposits except from Binance

Hong Kong’s HashKey Exchange says crypto deposits greater than $1,024 will only be allowed from Binance. In a blog announcement on Dec. 21, HashKey Exchange said it wants to meet regulatory requirements introduced by the Hong Kong Securities and Futures Commission (SFC), which is why the exchange will not accept crypto deposits from third-party exchanges except Binance. Those users who send more than 8,000HKD (around $1,024) would have to adhere to regulatory Travel Rule guidelines. “Currently, HashKey Exchange only accepts a single digital asset deposit of equal amounts greater than…

Binance Settles Landmark $2.7B Case with CFTC

The court order goes beyond financial penalties. It requires Binance and CZ to make certifications regarding the existence, application, and effectiveness of Binance’s enhanced compliance controls. The US Commodity Futures Trading Commission (CFTC) made a significant announcement, confirming that the US District Court for the Northern District of Illinois has approved the previously disclosed settlement for the Binance exchange and its executive. The court has finally entered a consent order outlining civil monetary penalties and equitable relief against the trading platform and its ex-CEO, Changpeng ‘CZ’ Zhao. The court findings…

US court approves settlement against Binance, firm to pay $2.7B to CFTC

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A United States court has entered an order against crypto exchange Binance and its former CEO, Changpeng “CZ” Zhao, that will see Binance pay $2.7 billion and CZ pay $150 million to the Commodity Futures Trading Commission (CFTC). In a Dec. 18 statement, the CFTC announced that the U.S. District Court for the Northern District of Illinois had approved the previously announced settlement and concluded the enforcement action first issued by the CFTC in November.  “The court finds Zhao and Binance violated the Commodity Exchange Act (CEA) and CFTC regulations,…

Solana’s BONK Token Rockets To New Heights, Surging 121% On Binance Listing News

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In an unexpected turn of events, the Solana-based memecoin Bonk (BONK) has experienced an extraordinary 1,000% monthly surge following its recent listings on major cryptocurrency exchanges.  The momentum began with Coinbase’s listing, followed closely by Binance’s surprise announcement, propelling BONK to new heights and generating enthusiasm within the crypto community. Astounding 1,000% Surge On Binance And Coinbase Listings The listing on Binance proved to be a game-changer for BONK, as its price skyrocketed above $0.00003, marking an astounding increase of over 1,000% in just one month. The frenzy surrounding the memecoin…

Binance to remove ETH, XRP, ADA liquidity pools to reduce slippage

Crypto exchange Binance is set to delist multiple liquidity pools with large-cap altcoins from its swap service. In a blog announcement on Dec. 15, 2023, Binance said it is going to remove multiple liquidity pools from its swap service, Binance Liquid Swap. The move is described as a periodical review, which Binance conducts in order to “concentrate liquidity, reduce slippage and provide users with better transaction prices.” Starting from Dec. 22, 2023, Binance will remove the following liquidity pairs: AAVE/BTC, ADA/ETH, ADA/USDT, ARB/BTC, BCH/BTC, DOT/BTC, DOT/USDT, ETH/DAI, FIL/BTC, LINK/ETH, LINK/USDT,…

Binance, crypto firms optimistic about UAE amid potential US regulatory shift

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Binance and other cryptocurrency firms based in the United Arab Emirates are optimistic that the country will remain a hotspot for virtual assets despite a potential shift to the United States should the Western superpower become a more crypto-friendly jurisdiction. The “regulation by enforcement” regime in the U.S. has pushed global crypto firms to move to locations such as the UAE, the United Kingdom, Switzerland and Singapore. However, the idea that companies could potentially return to the U.S. should there be a change in direction was floated during a panel…

Philippines SEC begins Binance ban countdown

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The Philippines Securities and Exchange Commission head Kelvin Lee clarified in a panel on Dec. 13 that a ban on Binance would come into effect three months after its advisory was issued. According to a report from local news BitPinas, Lee said there has been a lot of confusion on the internet about the ban after regulators issued an advisory to the cryptocurrency exchange for operating without a license on Nov. 28. He was asked to clarify the matter and that the ban was “supposed to be three months from…

Is A Mega Bull Run Incoming? Whale Transfers Over $780 Million Of Stablecoin To Binance

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Data Nerd Data on December 13 shows that over the past 24 hours, the wallet “0xea8” moved 200 million BUSD from Binance, the world’s leading cryptocurrency exchange by client count. The whale transfer caught the attention of keen crypto users, who also noted that the transfer was soon followed by a deposit of 99.95 million FDUSD, a stablecoin supported by the exchange. Whale Address Accumulating FUSD Stablecoin On Binance That the address is shuffling and accumulating large amounts of stablecoins is noteworthy. Data Nerd Data shows that the address has transferred over…

SEC wants Binance guilt admission added to own case

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Binance Holdings and its former CEO Changpeng Zhao have reacted to a move by the U.S. Securities and Exchange Commission (SEC). The SEC has filed to include Binance’s admission of guilt to the Department of Justice (DOJ) in its own legal proceedings. In the filing submitted to the U.S. District Court for the District of Columbia, Binance insisted the SEC’s attempt to include the $4.3 billion guilty plea and settlement agreement with the DOJ in the continuing case was procedurally incorrect and should not be allowed. The ongoing Binance-SEC legal case…