Tag: Binance

Miners allegedly make big bitcoin transfers to Binance

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied CryptoQuant alerted that miners are making significant bitcoin transfers to Binance. The recent one was of 1750 BTC. A notable transaction involved a substantial transfer of 1750 BTC from the address 3BPAodH6WkNQC8TUrnwFKhETiFacNUi68X, associated with miner Poolin, to the address 14nr1dktB2fCn2XkUV2AdwhcmqcHk3acji. The receiving address subsequently sent the same amount of bitcoin to Binance, utilizing the recipient address bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h. Unveiling Miner Outflows: Clues Point to Significant $BTC Transfer to Binance. “Miners’ reserves are decreasing, indicating a selling pressure…

Australian exchanges dispel debanking fears amid Binance saga, but risks loom

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Australian-based cryptocurrency exchanges have lined up to quash contagion fears after the payments provider for Binance Australia was told to offboard the exchange, though some have warned risks still loom. On May 18, Binance Australia told users that Australian dollar services were suspended after its payments partner Zepto was told by its partner firm Cuscal to stop support for the exchange. Independent Reserve CEO Adrian Przelozny told Cointelegraph he doesn’t think “this an industry-wide issue as it appears to be Binance-specific,” adding the Australian dollar deposits and withdrawals for his…

Binance Australia partner hints at rising ‘scams’ after debanking exchange

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The third-party payments provider for Binance Australia, Cuscal, hinted about the impact of “scams and fraud” related to “account fraud, ID takeover and crypto activity” after being questioned why it offboarded the exchange on May 18. The payments provider did not specifically address Binance or crypto exchanges in its statement to Cointelegraph and declined to elaborate on why it pulled support for Binance Australia specifically. A spokesperson for the Sydney-based B2B financial services firm told Cointelegraph that it’s “focused on supporting the industry in protecting Australians from financial crimes and…

Binance Integrates Its Spot Trading Platform with TradingView

The integration of TradingView will give Binance users access to a wide range of tools while exposing Binance products to traditional investors. The Binance Spot market trading platform has been integrated with TradingView, a leading charting platform that offers traders a greater insight into the markets. The news broke via a press release seen on Thursday, May 18. Providing Greater Insight into the Market via Tools and Data With the integration, users of Binance will have access to a wide range of tools featured on TradingView, enabling them to approach…

Binance Australia Stops AUD Bank Transfers

Meanwhile, The Australian Securities and Investments Commission (ASIC) is reviewing Binance Australia’s derivatives business after the crypto exchange erroneously classified 500 users as “wholesale investors,” leading to the closure of their derivative positions, which local regulations prohibit for retail traders. Source

Binance Australia suspends AUD fiat services, citing issues with third party

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Cryptocurrency exchange Binance Australia has informed users it has suspended Australian dollar services as its local payment services provider has seemingly stopped support for the exchange. On May 18, Binance Australia tweeted that AUD PayID deposits were suspended and bank transfer withdrawals will also be impacted “due to a decision made by our third-party payment service provider.” “We understand from our third party payment service provider that Bank Transfer withdrawals will also be impacted and we will advise users on timeline when this is confirmed,” it added. Fellow Binancians, We…

Binance pulls out of Canada, cites incompatibility with local market conditions

On Friday, May 12, Binance announced its departure from the Canadian markets. Posting on Twitter, the world’s largest exchange by client count, attributed its decision to Canada’s new stablecoin guidance and investor limits for crypto exchanges. A stablecoin is a privately issued cryptocurrency pegged to stable assets, mostly fiat currencies like CAD or the USD. Unfortunately, today we are announcing that Binance will be joining other prominent crypto businesses in proactively withdrawing from the Canadian marketplace. We would like to thank those regulators who worked with us collaboratively to address…

Binance to Withdraw From Canadian Market Due to Regulatory Climate – Bitcoin News

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Binance, the world’s largest cryptocurrency exchange by trading volume, announced on Friday that it is “proactively withdrawing from the Canadian market.” The company thanked the regulators who worked with them and said that the Canadian market was “small.” Binance Bows Out of Canada Due to Regulatory Guidance The cryptocurrency exchange Binance has decided to withdraw from the Canadian market. The company noted that it was the home country of its founder and cited regulatory guidance as the reason for its decision. Binance claims that the new regulatory climate in Canada…

Binance calls it quits in Canada, blames new rules

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Binance will withdraw from the Canadian market, the cryptocurrency exchange announced on Twitter on May 12. It called its withdrawal “proactive” as new guidance issued by Canadian regulators continues to take a toll on the country’s crypto industry. Binance is joining some of its smaller competitors in the Canadian exodus brought on by the introduction of rules by the Canadian Securities Administrators (CSA) on Feb. 22 that required them to file new preregistration undertakings and adhere to added restrictions. Although Binance had reportedly filed a new preregistration undertaking, it explained…