Tag: Binance

Binance refutes euro issues, confirms additional KYC

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance spokesperson told crypto.news confirmed that SEPA-based euro payments will continue to be processed until Sept. 25 but with a catch. In an Aug. 22 statement, a Binance spokesperson told crypto.news that the SEPA deposit and withdrawal service will continue until 25 September. Still, additional checks are likely for users who intend to use SEPA transfers to interact with their accounts in the exchange: “As we approach that date, some users may occasionally be asked for…

Binance Coin Drops Below $210, BNB Bridge Hacker In Trouble

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In a complex tangle of smart contracts, governance proposals, and fluctuating crypto prices, the financial health rate of the infamous Binance BNB Bridge exploiter address (0x48…9bec) has fallen below the critical value of 1, hovering at 0.99. This development is of particular interest, given that the address holds a significant collateral of 784,616.10 BNB and a debt position in the form of USDT and USDC totaling $124 million. The plummeting health rate comes amidst the fall of Binance Coin (BNB) to $207.9, well below the pre-determined liquidation price of $210.80,…

Binance limits withdrawals in Europe, cites payment processor issues

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Binance cryptocurrency exchange customers are allegedly facing troubles with fiat withdrawals in Europe due to issues related to the Single Euro Payments Area (SEPA) transfers. The exchange has allegedly suspended euro withdrawals and deposits via SEPA, Binance’s customer support wrote in a now-deleted message on X (formerly Twitter) on Aug. 20. In the now-deleted message, the cryptocurrency exchange said it doesn’t have a specific time frame for restoring SEPA transfers, adding that its payment provider “can no longer support these transactions.” “We understand the inconvenience this has caused, and we’re actively…

Binance Coin Slides Under $220

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Binance Coin (BNB) faced a weekend of market indecision, leading the altcoin into a range-trading scenario. The coin, which had dropped below the $220 mark on August 18, experienced fluctuations between the narrow range of $213 to $220 over the course of the weekend.  As of the latest update, CoinGecko reported the current BNB price at $216, marking a 0.3% decline over the past 24 hours and a significant seven-day slump of 10%. Binance Coin (BNB) price action today. Source: Coingecko The past year has been marked by significant challenges…

Coinbase lists SEI; TOADS soars 450% as DigiToads supporters look at Binance for support

The listing of Sei (SEI) on Coinbase drove prices and trading volumes higher. Sei is a platform for trading crypto assets, and SEI enables on-chain transactions and paying fees. DigiToads is also drawing investor attention as TOADS, its native token, is already up 450%. DigiToads, with its features and tokenomics, is considered one of the best coins to invest in among meme coin enthusiasts. TOADS remains attractive to users due to its high utility and meme nature. Because of TOADS’ quick popularity, crypto enthusiasts wonder if it will also list in…

Binance contemplates legal action following breakup with Checkout.com

Binance is considering legal recourse after payment processor Checkout.com abruptly decided to cut ties with the crypto exchange. Checkout.com’s letters of termination, issued on Aug. 9 and Aug. 11, allude to regulatory concerns, money laundering allegations, and compliance inquiries. Binance, however, asserts a contrary stance, stating that it does not agree with Checkout’s “rationale for termination.” The firm, under the helm of CEO Changpeng Zhao, is reportedly pursuing potential legal remedies. Despite the partnership dissolution, Binance emphasizes that user services remain unaffected and on-ramp and off-ramp facilities are operational. The…

Binance In Murky Waters? Analyst Says Why BNB Must Stay Above This Price

The last few days have been eventful for the crypto market following a major crash on Thursday that resulted in the loss of $1 billion in market cap. In another unnerving development, it appears that Binance, the world’s largest exchange, may be in some form of trouble as a crypto analyst shares some insight on the company. Binance To Record Heavy Losses If BNB Trades Below $212, Analyst Says According to an X post on Friday, a crypto analyst with the name MartyParty painted a rather gloomy picture for Binance…

Binance Connect goes dark, Prime Trust is bust and PayPal unveils Crypto Hub

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It’s been another week of mixed developments in the crypto industry, with established players winding down operations while newcomers introduce new crypto features and services.  Binance’s buy-and-sell crypto arm was shut down on Aug.16, with the crypto exchange remaining under widespread regulatory scrutiny, affecting key partnerships for its operations worldwide. Crypto custodian Prime Trust filed for bankruptcy protection following months of uncertainty regarding the state of its finances. Meanwhile, in better news, BitGo raised millions of dollars in a fundraising round backed by a new group of investors. Some fresh…

Binance considers legal action against Checkout​.com as partnership ends

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Crypto exchange Binance is considering legal action against its former payment provider Checkout.com, a spokesperson for Binance told Cointelegraph on Aug. 18. The potential legal dispute arises from letters sent by Checkout.com to Binance on Aug. 9 and Aug. 11. According to a Forbes report, Guillaume Pousaz, CEO of Checkout.com, ended the relationship with Binance, citing “reports of regulators actions and orders in relevant jurisdictions,” along with concerns about Anti-Money Laundering, sanctions and compliance controls. “We do not agree with Checkout’s purported basis for termination and are considering our options…

Binance To Delist These Three Tokens In August Due to Non-Compliance

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The world’s largest exchange Binance announced on Tuesday, August 15, intentions to delist three tokens from its trading platform. According to the exchange’s official statement, it regularly conducts a periodic review of all cryptocurrencies and trading products on its platform, ensuring they are of the highest standards in order to protect its customers’ interests. This review is based on certain factors, including trading volume and liquidity, network stability, network security against attacks, and the project’s team commitment, among others.  Based on the results of their latest reviews, Binance states the following…