Tag: Binance

Crypto Exchange Binance Joins Forces With Law Enforcement to Launch Anti-Scam Campaign – Featured Bitcoin News

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Binance has launched its Joint Anti-Scam Campaign in collaboration with law enforcement agencies worldwide to fight “an alarming uptrend” in crypto-related scams, the cryptocurrency exchange said. “So far, the project has achieved tremendous results,” Binance claimed. Binance’s Joint Anti-Scam Campaign Cryptocurrency exchange Binance announced Friday that it recently launched a campaign to combat cryptocurrency-related scams in partnership with law enforcement agencies. Noting “an alarming uptrend in both traditional and crypto-related scams,” Binance said it has been “engaging in discussions with law enforcement agencies worldwide about how to fight and prevent…

INNODEX positioned to compete with Binance and Uniswap in the era of decentralized exchanges

INNODEX, an upcoming decentralized exchange (DEX) by NvirWorld, plans to take on Binance, a centralized exchange and the largest ramp by trading volume, and Uniswap, a DEX on, among other blockchains, Ethereum. In November 2022, the price of Bitcoin fell from around $20k on Nov. 5 sliding to $15k in five days. Despite retracements in subsequent sessions, prices failed to break above $20k until Jan. 14, 2023. Despite challenges, crypto remains popular with more people willing to trade and purchase digital assets via centralized and decentralized platforms. What’s driving trading…

SEC Official Says Binance US Is Operating ‘Unregistered Securities Exchange’

CryptoX – Cryptocurrency Analysis and News Portal “The staff believes – based solely on the facts and circumstances currently known to the staff – that the offering and sale of VGX tokens has the attributes of a securities transaction,” he said. “The staff also believes that Binance US is operating an unregistered securities exchange in the United States.” Source The post SEC Official Says Binance US Is Operating ‘Unregistered Securities Exchange’ appeared first on CryptoX. CryptoX Portal

Binance launches anti-scam campaign after Hong Kong pilot run

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Binance, in cooperation with law enforcement agencies, is launching a campaign to prevent scams by issuing targeted alerts to potential victims, according to a March 3 blog post from the company. The project, called the “joint anti-scam campaign” was rolled out first in Hong Kong, and the company now intends to expand it into other jurisdictions. Keeping our ecosystem and the #Binance community safe is at the core of what we do. Which is why we partnered with law enforcement agencies across the globe to launch the Joint Anti-Scam Campaign.…

Paxos-Issued Binance USD Stablecoin Market Cap Falls Below $10B After Coinbase Delisting

The daily trading volume for BUSD on Coinbase was only about $9 million in the last two months, while the market depth within 2% of the market price was just $600,000, according to data from Kaiko, making the stablecoin’s price vulnerable to wobbles. Market depth represents the open buy and sell orders for an asset within a certain price range; the deeper the market, the more stable the price is. Source

US Judge Condemns SEC for Objecting to Voyager Digital’s Deal with Binance

US Judge Condemns SEC for Objecting to Voyager Digital’s Deal with Binance. A US judge has countered the action by the SEC to oppose the deal between crypto lender Voyager Digital and crypto company Binance. In December 2022, Voyager announced that it had selected Binance.US as the best and highest bid for its assets. The deal is worth $1.022 billion and is set to help the crypto lender’s customers access their funds as soon as possible. Under the agreement, the US arm of the crypto exchange was to make a good faith…

Binance USD market cap falls below $10B amid rising regulatory concerns

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Binance USD (BUSD) market cap has fallen below $10 billion for the first time in almost two years amid a United States regulatory crackdown on its token issuer and a planned delisting from a major crypto exchange. BUSD’s marketcap has been on a steep downward trajectory since its all-time high (ATH) market cap of $23.49 billion on Nov. 15, just a few days after the shock collapse of FTX. As of today, the stablecoin’s marketcap has fallen to $9.66 billion — levels not seen since Jun. 29, 2021. Market cap…

$3M OKX airdrop, 1 hour due diligence on 3AC, Binance AI — Asia Express – Cointelegraph Magazine

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Our weekly roundup of news from East Asia curates the industry’s most important developments. OKX airdrop after token trading fiasco On Mar. 1, cryptocurrency exchange OKX  announced  that it would airdrop 3,014,381 Tether (USDT) to users who suffered losses as a result of the Celestial (CELT) token trading incident. On Feb. 26, Celestial revealed the development of a novel blockchain game, followed by extensive social media campaigns promoting the project’s alleged backing by OKX. Shortly afterward, the price of CELT pumped nearly 100% in two days before plummeting over 60%,…

Binance ‘not planning any layoffs,’ 500 roles to be filled in H1

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Cryptocurrency exchange Binance is “not planning any layoffs” and is instead trying to fill another 500 roles by the end of June, according to a Binance spokesperson. The comments came despite a huge spike in crypto layoffs in January — the majority of which were from crypto exchanges. In a statement, the Binance representative said:  “As of today, we are actively hiring for more than 500 roles with the goal of filling them by the end of H1 […] We are not planning any layoffs.” The spokesperson was responding to…