Tag: Binance

Crypto exchange Binance restores euro services after new fiat partners

Crypto exchange Binance has announced it has onboarded new partners to handle euro deposits and withdrawals, months after losing its previous fiat partner PaySafe in September.  In an Oct. 19 statement, Binance announced that it had signed agreements with new fiat partners for euro payments, deposits, and withdrawals. The move follows regulatory and debanking woes in the European Union, where the firm was forced to look for new banking partners after it lost the support of PaySafe in September. Binance said that users have already started being migrated to the…

Crypto exchange Binance restores euro services after finding new fiat partners

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Crypto exchange Binance has announced it has onboarded new partners to handle euro deposits and withdrawals, one month after losing its previous fiat partner, PaySafe, in September.  In an Oct. 19 statement, Binance announced it had signed agreements with new fiat partners for euro payments, deposits and withdrawals. The move follows regulatory and debanking woes in the European Union, where the firm was forced to look for new banking partners after losing support from PaySafe in September. Binance said users have already started migrating to the new services provided by “a…

Crypto Exchange Binance Says It Has New Euro Fiat Partners for Deposits, Withdrawals

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The company has signed agreements with “a number of new regulated and authorized fiat partners” to provide EUR services for its users in Europe, according to a Binance blog post. Services include EUR deposits and withdrawals via the Single Euro Payments Area (SEPA) payment network, EUR spot trading pairs and buying and selling digital assets via SEPA, bank cards or fiat balances, according to the post. Source

Binance Q3 report appraises crypto market as ‘challenging’ amid high interest rates

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It’s been a challenging quarter for crypto, Binance has confirmed in its Q3 market pulse report. The market was down in many sectors, the report found, although the entry of institutional players such as Deutsche Bank, Sony and PayPal helped offset some of the pain.  The global crypto market capitalization was down 8.6% quarter-on-quarter (QoQ) “with the ‘higher for longer’ interest rate rhetoric set to persist.” Fundraising was at its lowest since Q4 2020 and down 21.4% QoQ, with infrastructure doing significantly better than other sectors. Activity was down slightly…

FTX Diverted Customer Funds to Buyback Stake from Rival Company Binance

It was disclosed that FTX customers’ money was spent on business investments, political and charity donations, and real estate. Beleaguered cryptocurrency exchange FTX spent customer’s deposits for business investments, political contributions, charitable donations, real estate, and the buyback of shares from competitor exchange Binance. During a hearing on Wednesday at the ongoing Sam Bankman-Fried (SBF) trial, professor Peter Easton, an accounting officer hired by the US Department of Justice (DOJ) to investigate the company’s financial records, revealed that the exchange spent billions of dollars repurchasing its stakes from Binance. CZ…

Executive Director of Binance France Resigns amid Ongoing Regulatory Scrutiny

With Stéphanie Cabossioras’ resignation, she joins at least 10 other senior executives who have left Binance this year. Stéphanie Cabossioras has resigned from her role as executive director of Binance France, the French arm of the world’s largest cryptocurrency exchange. Her departure comes as the latest in a series of high-level exits from Binance and occurs against a backdrop of heightened regulatory pressure on the company. Cabossioras was appointed to lead Binance France in April 2022, playing a key part in the exchange’s expansion into the French market. However, her…

FTX Used Customer Funds to Buy Back Binance Stake, Accounting Prof Reveals

CryptoX – Cryptocurrency Analysis and News Portal “Oh, yes,” Easton said when asked by the court whether FTX ever spent user deposits. The professor testified these user deposits were reinvested into businesses and real estate, used to make political contributions and donated to charity, as reported. Original Source The post FTX Used Customer Funds to Buy Back Binance Stake, Accounting Prof Reveals appeared first on CryptoX. CryptoX Portal

Binance France director resigns, adding to list of exits from crypto exchange

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Stéphanie Cabossioras has stepped down from her role as the executive director of Binance France, becoming at least the 10th senior executive to leave Binance this year. In an Oct. 19 post on X (formerly known as Twitter), Binance France President David Prinçay confirmed Cabossioras’ departure and expressed his gratitude for her work at the exchange. Nous remercions Stéphanie pour sa forte contribution à Binance France et lui souhaitons le meilleur pour son prochain défi. — David Prinçay (@davidprincay) October 18, 2023 “We thank Stéphanie for her strong contribution to…

Binance France’s Managing Director steps down amidst regulatory challenges

Stéphanie Cabossioras has resigned as managing director of Binance’s French operations, marking the latest in a series of high-profile departures amid mounting regulatory scrutiny. Stéphanie Cabossioras, the Managing Director overseeing Binance’s operations in France, has resigned today. Her departure continues a trend of top-tier exits from the leading cryptocurrency exchange this year. Before her role at Binance, Cabossioras had been deputy general counsel at the French market authority. She transitioned to Binance in April 2022, initially serving as the regional head of legal before becoming the Managing Director. Her appointment…

Binance Traders Go Bearish On Bitcoin, But Here’s Why They Might Regret It

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Observing traders’ decisions about crypto, such as Bitcoin, especially on prominent exchanges like Binance, often holds the key to understanding the underlying currents in the market. Two critical events today, highlighted by renowned crypto analyst Ali Martinez, paint a curious picture of BTC’s current standing. Majority Of Binance Traders Shorting BTC Ali Martinez, a respected figure in the crypto analysis world, revealed some interesting data concerning Bitcoin earlier today. According to Martinez’s X (formerly known as Twitter) post, most traders on Binance with open Bitcoin futures seem to expect a…