Tag: Binance

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…

Crypto Exchange Binance Announces Upcoming Listing for New Low-Cap Altcoin Project

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Top global crypto exchange Binance is about to list a new gaming-related altcoin project, according to the company. In a new announcement, Binance says that it will add Fusionist (ACE) to its Launchpool platform, which allows users to stake coins in exchange for new ones. ACE is the native token of Endurance, a decentralized gaming and social blockchain, which Fusionist, a Web3 AAA game, will use as its mainnet. Staking of ACE is expected to start Wednesday, Binance says, and open trading of the altcoin could begin December 18th. When…

Binance Introduces Fusionist (ACE) as 40th Project Released on Launchpool

Binance has announced a new project on its Launchpool called Fusionist (ACE), the native token for the Endurance blockchain. Major crypto exchange Binance has introduced a new project on the Binance Launchpool – Fusionist (ACE). According to an official announcement, the ACE token is the native token of decentralized social blockchain Endurance. The blockchain will house Fusionist, a web3 AAA game. Binance’s announcement specifies that the total token supply is 147 million ACE. The Launchpool will have an initial circulating supply of 21,969,520 ACE, about 14.95% of the total token supply.…

DOJ unveils extensive monitorship over Binance operations

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Binance compliance commitments with the United States Department of Justice (DOJ) were unsealed on Dec. 8, revealing a significant government oversight of the crypto exchange operation and business activities. In an analysis shared on X (formerly Twitter), John Reed Stark, a former Securities and Exchange Commission (SEC) official, classified the “exhaustive list” of Binance’s new compliance commitments as a “consulting firm’s wish list” that will likely shut down the platform. Binance’s new obligations are described in an 11-page document and include cooperation to grant authorities access to documents, records and…