Tag: Binance

Is the SEC’s action against BUSD more about Binance than stablecoins?

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Binance branded stablecoin, Binance USD (BUSD), is a dollar-backed stablecoin issued by blockchain infrastructure platform Paxos Trust Company, and is the third largest stablecoin after Tether’s (USDT) and Circle’s USD Coin (USDC). Paxos has claimed in the past that BUSD is fully backed by reserves held in either fiat cash or United States Treasury bills. BUSD was reportedly authorized and regulated by the New York State Department of Financial Services (NYDFS). Paxos partnered with crypto exchange Binance in 2019 and launched the stablecoin, which received approval from the NYDFS. Binance…

Ceffu (Formerly Binance Custody) to be Custodian of Flynt Finance for Enhanced Asset Security and Off-Exchange Settlement – Press release Bitcoin News

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press release PRESS RELEASE. Flynt Finance, a cryptocurrency portfolio management platform, has announced a partnership with Ceffu, formerly known as Binance Custody, to provide its clients with enhanced asset storage security and access to its off-exchange settlement solution, Mirror. Ceffu is an institutional custodian that offers secure custody and liquidity solutions. With this partnership, Flynt Finance’s clients will benefit from Ceffu’s secure cold storage solutions, which are designed to protect against theft, loss, and other risks associated with the storage of digital assets. Flynt Finance’s automated strategies, including its covered…

ASIC Opens Investigation into Binance Over Closed Accounts

The investigation is notably hinged on the “classification of retail clients and wholesale clients“ in what it said will be a targeted review. The Australian Securities and Investments Commission (ASIC) has announced it will be opening an investigation into Binance Exchange’s local operations in the country. The targeted investigation was prompted by the exchange’s wrong closure of some users’ derivatives accounts based on a faulty classification. Binance, which has a local Australian unit, acknowledged the error on Thursday after some of the affected users came on Twitter to share their…

Binance Launches Airdrop Portal for Holistic User Experience

Leading exchange Binance recently launched a dedicated Airdrop Portal that keeps track of all supported tokens.  Binance has announced the launch of an Airdrop Portal, which shows an overview of airdrops supported by the crypto exchange. With this new initiative, the Binance community can now keep abreast of the latest progress regarding airdrops. The one-stop Binance Airdrop Portal also provides comprehensive information on all available tokens hosted on the Portal. Available details include the Airdrop Period, Snapshot Time, Token Status, and Mode of Operation. Although Binance pledges to continually update the Airdrop…

Bitcoin Futures on CME Outpace Those on Binance to Trade at Widest Premium Since November 2021

Bitcoin has surged over 45% so far this year, outperforming traditional risk assets, including Wall Street’s tech-heavy Nasdaq index, by a significant margin. Futures typically trade at a premium in a sign of leverage being skewed on the bullish side when the underlying asset is appreciating in value. Conversely, during bear markets, discounts are often observed. Source

Binance Looking to Hire Developers, Support Staff in Romania – Exchanges Bitcoin News

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Global crypto exchange Binance is now hiring IT specialists and customer service representatives for its operations in Romania. The leading coin trading platform is also engaged in a number of educational initiatives in collaboration with Romanian universities and authorities. Cryptocurrency Exchange Binance Recruiting Personnel for Romania Offices Binance, the largest crypto exchange by trading volume, intends to hire a number of professionals this year for its technology hub in Iași, Romania’s third largest city. The hub was established in 2022 and the company is now recruiting its staff. Job openings…