Tag: Binance

Apple Expunges Binance, Kraken, Kucoin, Huobi and Other Crypto Exchanges From App Store in India: Report

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Apple has reportedly booted out several crypto exchanges from its app store in India amid allegations that most of these platforms are illegally operating in the country. TechCrunch reports that Binance, Kraken, Huobi, Gate.io, Bittrex, Bitfinex and OKX’s apps are no longer accessible on Apple’s India app store, though customers who have already installed them on their devices can still use them. The development comes after the nation’s Financial Intelligence Unit (FIU) accused Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXCGlobal and Bitfinex of violating the Prevention of Money Laundering…

XAI a top crypto topic on eve of Binance listing

XAI is today’s second most popular cryptocurrency in crypto discourse, following its listing on the world’s top crypto exchange, Binance. XAI — a blockchain gaming token — is second only to Bitcoin (BTC) regarding popularity in social media mentions. As of press time, Santiment data shows that of all those mentions, 53% show a positive sentiment, 31% a negative sentiment, and the remaining are neutral. The attention towards XAI is likely caused by today’s Binance announcement that the token would be listed on the platform. Still, the positive sentiment surrounding…

Top Crypto Exchange Binance Announces Upcoming Support for Soon-To-Be Launched Gaming Altcoin

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Top global crypto exchange Binance plans to list an upcoming gaming altcoin via its Launchpool platform. Binance Launchpool allows users to stake coins to farm new assets, the platform’s 43rd project will be the gaming blockchain Xai (XAI), which the exchange plans to list on January 9th. Between January 5th and the 9th, Binance users can stake BNB as well as the stablecoins First Digital USD (FDUSD) and TrueUSD (TUSD) into separate pools to farm XAI tokens. Binance says it will attach a seed tag to XAI, which the exchange…

U.S. SEC Seeks to Leverage Terraform (UST) Win in Coinbase (COIN), Binance Disputes

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

USDC Stablecoin Momentarily Loses $1-Peg on Binance, Slides to $0.74 Before Rebounding

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

Binance Coin (BNB) Spikes Over 30% in Ten Days As 40,000,000 New Users Join the Crypto Exchange in 2023

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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…

BTC price accidentally soared to $420k on Binance

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…

India Names Binance among 9 Crypto Exchanges Violating Its AML Rules, Blocks Their URLs

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…

India to Block Websites of Binance, Kraken, and 7 Other Crypto Exchanges

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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…