Tag: Binance

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…

Satoshi price explodes after Binance listing

The meme cryptocurrency Satoshi saw a 140% price surge within hours of leading crypto exchange Binance announcing it would list the token. According to prominent on-chain analytics platform Lookonchain, the top 20 holders of Satoshi (SATS) now control 333.3 trillion tokens worth $150.8 million. This constitutes 15.9% of the total supply. Six of these top holders obtained their SATS through minting, accumulating around 78.57 million SATS now valued at $35.5 million. At the time of writing, the price of SATS stands at $0.0000004896, showing a staggering 138.03% daily increase. This…

CME Bitcoin futures down 10%, still ahead of Binance

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The Chicago Mercantile Exchange remained traders’ preferred platform for Bitcoin futures even as BTC saw a 4% price correction amid a wide-ranging market dip. Bitcoin (BTC) futures positions on the Chicago Mercantile Exchange (CME) fell over 10% between Dec. 11 and Dec. 12, according to CoinGlass. The decline in open interest (OI) amounted to some 11,000 Bitcoins, the largest drop among exchanges within that time.  Despite the change, CME was the top venue for BTC futures open interest at press time and eclipsed the second closest contender, Binance, by at…

Binance Peer-to-Peer Trading Platform Halts Ruble Support Following Russia Exit

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Binance Announces Resolution with US Agencies, Shares Compliance Improvement

Binance says it has agreed to a robust monitorship for its compliance and sanctions control programs. Popular crypto exchange Binance has revealed that it has made significant progress with regulators. This follows after its recent run-in with regulatory bodies such as the US Securities and Exchange Commission (SEC) and the (CFTC). In a Tuesday blog post, the exchange acknowledged that it may have done things a bit wrongly in the past. That is, it may have not considered how quickly it was growing as a firm, to update its compliance…