Tag: Binance

MasterCard Axes Partnership With Binance Amid Regulatory Pressures

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The crypto space is in pandemonium after MasterCard, a global payment service giant, announced the imminent termination of its services and alliance with the Binance crypto exchange.   Mastercard To Sever All Ties To Binance Binance, the world’s largest cryptocurrency exchange by trading volume, is facing new challenges that could impact its reputation and growth rate. According to reports, Mastercard will discontinue its services on Binance, ending a years-old relationship and crypto cards programs starting Friday, September 22.  The reason for the abrupt termination has not been clarified by Mastercard. Some…

Binance records massive $150m Bitcoin withdrawal in 60 seconds

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance experienced a rapid Bitcoin (BTC) withdrawal worth $150 million across five transactions in one minute, all recorded in the same block.  According to the blockchain tracker Whale Alert data, there were five major Bitcoin withdrawals worth 5,729 BTC (approximately $150 million) from Binance within a minute. All five transactions were included in block 804522. These withdrawals could indicate several factors, including security, investment strategy, or preparation for a major transaction. Major transfers from Binance |…

Binance Is Contacting Low-Cap Projects in Bid to Reduce Risk of Crypto Market Manipulation

“Over the past week, our team reached out to a small number of projects that issue digital assets listed on our platform as part of our ongoing risk management initiative,” a spokesperson told CoinDesk by email. “These projects have relatively lower market liquidity trading pairs and/or a smaller market capitalization, which potentially exposes users to risk, including potential market manipulation.” Source

Mastercard and Binance end crypto card partnership in Latin America: Report

Global payment giant Mastercard is reportedly ending its cryptocurrency card partnership with Binance crypto exchange next month, according to a Bloomberg report. The report didn’t divulge the reason for the change, but implied it might be due to increased regulatory scrutiny of the beleaguered crypto exchange. Mastercard and Binance will end their four crypto card programmes in Argentina, Brazil, Colombia starting Sept. 22, Bloomberg reported on Aug. 24. The decision to end the program will not impact any of Mastercard’s other crypto card programmes, the firm reportedly said. The wind-down…

Ether (ETH) Futures on Crypto Exchange Binance See Lowest Open Interest Since July 2022

Ether’s global estimated leverage ratio, calculated by dividing the dollar value locked in the active open perpetual futures contracts by the total number of coins held by derivatives exchanges, has declined from a multi-month high of 0.28 to 0.22. Bitcoin’s ratio has slid from 0.27 to 0.21, the lowest since May, according to data tracked by South Korea-based analytics firm CryptoQuant. Source

Binance to halt crypto debit card in Latin America, Middle East

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Cryptocurrency exchange Binance will suspend its crypto debit card services in Latin America and the Middle East from Aug. 25. The crypto debit card worked like other debit cards, allowing users to pay for day-to-day goods and services. The only difference is that these cards were funded by cryptocurrency assets. The crypto debit card services in Latin America and the Middle East will be terminated by Sept. 21, but the exchange claimed refunds and disputes can still be processed until Dec. 20, 2023. Binance crypto debit card interface. Source: X…

Binance and BNB top social trends amid manipulation allegations

Binance and its native token BNB (BNB) social mentions increase as allegations of market manipulation gain momentum. Market intelligence platform Santiment disclosed that Binance ranks first among the fastest-rising trending topics in the crypto scene, with BNB securing the third position. A recent report sheds light on the growing social mentions and discussions surrounding them. Assignments hinting at Binance’s potential involvement in market manipulation are central to the discussions. The allegations imply that Binance CEO Changpeng Zhao is dumping Bitcoin (BTC) to bolster the value of BNB and maintain its…

Is Binance Really Selling Bitcoin To Prop The Price Of BNB?

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Crypto exchange Binance has had a tough few months in terms of market news and pressure from regulatory bodies. Just a few days ago, Binance lost another payment processing partner after Checkout.com terminated its contract with the crypto exchange. And now, another rumor that appears to be spreading is that Binance is selling Bitcoin on the spot market to sustain the price of its native token, BNB. Is Binance Really Selling Its Bitcoin To Buy BNB? The rumor originated from a post made by @WhaleChart on X (formerly Twitter), claiming…

Binance Needs to Get Off Twitter

“Following a volatile year in the crypto markets, CZ wrote a post on Twitter on the second day of the year explaining that he would try to keep 2023 simple and spend more time on fewer things. After listing three ‘do’s’, including education, compliance, product & service, he added a number 4 of one ‘don’t’, which was to ‘Ignore FUD, fake news, attacks, etc.” Source