Tag: Binance

CZ, Binance, influencers face $1B lawsuit for unregistered securities promo

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Just five days after Binance and its CEO Changpeng ‘CZ’ Zhao got sued by the United States Commodity Futures Trading Commission (CFTC) for alleged trading violations, a new $1 billion lawsuit was filed against the crypto exchange, CZ, and three crypto influencers for promoting unregistered securities. On March 31, the Moscowitz Law Firm and Boies Schiller Flexner filed the $1 billion lawsuit in the Southern District of Florida claiming Binance’s involvement in trading unregistered securities and paying influencers for the unlawful promotion of such services, according to Fortune. While explaining…

Jim Cramer Advises Against Using Binance — Says Crypto Exchange Is ‘Way Too Sketchy’ – Regulation Bitcoin News

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The host of Mad Money, Jim Cramer, has warned investors about using cryptocurrency exchange Binance, stating that the crypto trading platform is “way too sketchy.” Cramer cited former regulator Timothy Massad, who previously served as chairman of the U.S. Commodity Futures Trading Commission (CFTC). The regulatory agency recently took action against Binance and its CEO, Changpeng Zhao (CZ). Jim Cramer Warns About Binance The host of CNBC’s Mad Money show, Jim Cramer, cautioned investors about using cryptocurrency exchange Binance on Friday. Cramer is a former hedge fund manager who co-founded…

FTX EU opens withdrawal, Elon Musk calls for AI halt, Binance…

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Top Stories This Week FTX EU launches withdrawal website to pay back European users The European arm of FTX has launched a website to allow customers in Europe to submit withdrawal requests. It comes nearly five months after the global trading platform collapsed and went bankrupt in early November. Meanwhile, in the United States, lawyers for former CEO Sam Bankman-Fried have entered a not-guilty plea for five additional charges, including accusations of bribery in China. On bail since being turned over to U.S. custody from the Bahamas, Bankman-Fried is now…

A spotlight on Binance, Galaxy Digital swings to profit, China’s blockchain push

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Regulators in the United States have a fresh target on their radar: Binance. The Commodity Futures Trading Commission (CFTC) has sued the world’s biggest crypto exchange by trading volume for regulatory violations. Accusations range from insider trading to concealing office locations around the world to evade authorities’ oversight.  Binance denies the claims, suggesting another court battle between crypto firms and U.S. regulators is just around the corner. On another front, Binance’s U.S. arm must wait to close its $1 billion deal for Voyager Digital’s assets until the Department of Justice…

Crypto Exchange Binance Rolls Out New Trading Support for Under-the-Radar Altcoin

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Top crypto exchange by trading volume Binance has rolled out new trading support for an under-the-radar decentralized finance (DeFi) altcoin. Binance listed Radiant Capital (RDNT) in its “Innovation Zone,” a dedicated trading space for crypto assets that could be more prone to rapid price swings. Radiant says that it “aims to be the first omnichain money market where users can deposit any major asset on any major chain and borrow various supported assets across multiple chains.” Radiant V2 currently ranks 58th among all DeFi protocols with $164.09 million in total…

Most Crypto Sent From Wallets Sponsoring Russia in Ukraine War Reaches CEXs, Binance, Research Shows – Exchanges Bitcoin News

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Millions of U.S. dollars’ worth of cryptocurrency has been sent to centralized exchanges (CEXs), most notably Binance, from wallets providing funds in support of Russia’s war effort in Ukraine, transaction data suggests. According to Ukrainian analysts, the money was transferred to the crypto trading platforms in order to be laundered. Over 90% of Pro-Russian Crypto Transfers Identified in a Study Sent to Largest Exchange More than $40 million was sent last year from wallets that were used to sponsor the Russian invasion of Ukraine to cryptocurrency exchanges, according to an…

Who was front-running Binance users?

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On Jan. 26, a Medium article revealed that an entity with control over multiple Ethereum addresses had consistently purchased cryptocurrencies prior to their listing on Binance, selling them for a million-dollar profit after the event. The article refers to 16 cases from an on-chain analysis perspective, demonstrating how the mysterious entity was aware of Binance listings several days in advance, and how it was unlikely to be carried out by someone with little experience in concealing its tracks. Surprisingly, Binance founder Changpeng “CZ” Zhao issued a statement on the subject…

Binance Announces Radiant Capital Integration to Its Launchpool

The Radiant Capital-Binance Launchpool development reflects the growing dynamism in the exchange’s staking platform.  Decentralized, non-custodial lending protocol Radiant Capital (RDNT) has become the 32nd project onboarded to the Binance Launchpool. Reports say users can stake their Binance Coin (BNB) and TrueUSD (TUSD) into separate pools to farm RDNT tokens across 40 days. Farming commences on March 31st with a total Radiant Capital token supply of 1,000,000,000 RDNT. Binance also announced that the Radiant Capital Launchpool rewards are equivalent to 15,000,000 RDNT, or 1.5% of the total token supply. Furthermore, the circulating supply is…

Coinbase Extends Its Commitment to Canada, Binance Plans to Exit

Amid the tightening of regulatory rules in Canada, crypto exchanges are contemplating whether to continue their operations or exit from the country. Similar to the United States, regulators in Canada have been tightening their grip on crypto firms operating in the region. Amid this intense regulatory environment, several exchanges have planned to move out of the country. However, crypto exchange Coinbase would prefer to continue its operation in Canada. A person familiar with the matter said that Coinbase is currently holding talks with Canadian regulators. Based out of the US,…

Binance Opens Regional Blockchain Hub in Georgia – Exchanges Bitcoin News

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Crypto exchange Binance has announced the opening of a blockchain hub in Georgia which will promote cryptocurrency adoption in the region. The move comes on the backdrop of a number of partnerships, initiatives, and events the company is involved in in the country. Digital Asset Exchange Binance Establishes ‘Web3 Outpost’ in Georgia Binance, the world’s largest crypto exchange by daily trading volume, has launched a new blockchain hub in Georgia, the small crypto-friendly nation in the South Caucasus. In an announcement on its website, the trading platform explained the motives…