Tag: Binance

Binance Launches Self-Trade Prevention Feature for Spot and Margin Trading

It’s important to note that Binance strictly prohibits intentional self-trading on the platform, categorizing it as a form of market manipulation. Leading global cryptocurrency exchange Binance is set to roll out its self-trade prevention (STP) feature to help users reduce unnecessary self-executed orders and related transaction fees. The exchange said the tool primarily caters to application programming interface (API) traders who use automated trading programs with its trading engine. According to an official announcement on October 11, this new functionality will be available to all users engaged in spot and…

Binance rolls out self-trade prevention for spot and margin trading

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Cryptocurrency exchange Binance is scaling its tools aiming to prevent unnecessary trading fees associated with unintentional self-trades. Binance will fully roll out the self-transaction prevention (STP) function for all users of spot and margin trading on Oct. 26, the firm announced on its blog on Oct. 11. Following the integration, the “expire maker” STP mode will be the default mode for all trading pairs and orders on Binance’s spot and margin trading platforms. Once the STP feature is live, users will be able to check what orders have expired due…

Brazil’s Congress puts Binance CEO CZ in crosshairs for indictment

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A Brazilian congressional committee has recommended local law enforcement move to indict Binance CEO Changpeng “CZ” and three other Binance executives following a probe into financial pyramid schemes in Brazil. On Oct. 10 the committee released a 500-page final report accusing Zhao and local Binance executives Daniel Mangabeira, Guilherme Haddad Nazar and Thiago Carvalho of fraudulent management practices, operating without sufficient authorization and offering securities trading without authorization. In the report, the committee — led by deputy Ricardo Silva — claimed that Binance, Zhao and others “set up an opaque…

How Hamas Lost its Crypto In An Israeli Operation, Binance Supports Security Forces

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Israeli law enforcement launched an operation targeting crypto addresses associated with the terrorist group Hamas. The country suffered an attack this past Sunday, leading to deaths and many civilians disappearing. BNB’s price trends to the downside on the daily chart. Source: BNBUSDT on Tradingview Binance And Israel Work Together To Freeze Crypto A local news media Calculist report confirmed an operation led by the Israeli Police Department and the National Counterterrorism Headquarters, part of the Ministry of Defense. The operation was supported by the world’s largest crypto exchange, Binance. During…

Crypto Exchange Binance To List New Low-Cap Altcoin Project Built on Cosmos (ATOM)

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The world’s largest crypto exchange by trading volume, Binance, is announcing plans to list a new altcoin built within the interoperable blockchain ecosystem Cosmos (ATOM). According to a new announcement, Binance is planning to list Neutron (NTRN), a project that aims to be a  “cross-chain smart-contracting platform.” As stated by Binance, “Neutron allows developers to easily build cross-chain applications over Inter-Blockchain Communication Protocol (IBC) and provides DeFi (decentralized finance) dApps (decentralized applications) with the full economic security of the Cosmos Hub.” Binance will support spot trading pairs for NTRN, including NTRN/USD,…

Binance to List Neutron (NTRN) with Seed Tag to Enable Mainstream Adoption of Interoperable Smart Contracts

In a bid to showcase how serious the Neutron project has become, more than 190 million ATOM tokens have been staked through the CosmWasm platform. Leading cryptocurrency exchange by Bitcoin balance and registered global users with KYC, Binance, has announced that Neutron (NTRN), a cross-chain smart-contracting platform, will be available for spot and margin trading with a seed tag. According to the announcement, the NTRN token spot trading will be available for select Binance users beginning October 10. The NTRN token will be tradable on the spot platform through Bitcoin,…

UK financial watchdog restricts Binance partner from issuing crypto ads

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The Financial Conduct Authority (FCA) of the United Kingdom has placed restrictions on peer-to-peer lending platform Rebuildingsociety, the firm with whom crypto exchange Binance partnered for compliance with the regulator’s marketing regime.  In an Oct. 10 notice, the FCA said Rebuildingsociety was not authorized to “approve the content of any financial promotion for a Qualifying Cryptoasset for communication by an unauthorised person” and needed to withdraw any existing approvals. The notice suggested that Binance may no longer have a U.K. partner in compliance with the FCA’s marketing requirements, which went…

Binance freezes Hamas-linked accounts after Israeli request

Crypto exchange Binance has frozen accounts linked to Hamas militants as per requests from Israeli law enforcement. According to an Oct. 10 WeChat post by Yi He, the exchange’s co-founder, the freeze is targeted toward Hamas and not the people of Palestine. As stated by He: “Hamas is a designated terrorist organization by the United Nations. Therefore, any organization, including banks and trading platforms, will need to cooperate on the receipt of freeze requests. This is not something Binance can decide on its own.“ Yi He further explained that no…

Binance Exchange’s $1B IRI Fund Falls Short of Expectations

Beyond Binance’s own commitment, the IRI garnered an additional $100 million in contributions from 18 organizations by February 2023. A recent report from Bloomberg suggests that the $1 billion Industry Recovery Initiative (IRI), launched by Binance has fallen short of expectations, with only 2.7% of the committed funds deployed. The Industry Recovery Initiative was first announced by Binance in November 2022 as a beacon of hope for the industry following the collapse of the defunct FTX Derivatives Exchange. With a commitment of $1 billion in BUSD, Binance aimed to bolster…

Hong Kong Police Raise Alarm as Binance Users Lose $450K to Phishing Scam

The police confirm that all 11 victims, so far, have reported combined losses to the excess of $446,000. The Hong Kong police force has cautioned about a new phishing scam technique that bad actors are using to target Binance users in the region. According to a Monday post, no less than 11 users of the platform have fallen victim to the scam already. The police took to its Facebook page dubbed “CyberDefender,” to make the announcement. It said that the phishing scam was perpetrated through text messages sent to unsuspecting…