Tag: Binance

Binance Handled $346M In Bitcoin Transactions For Russian Exchange Bitzlato: Reuters

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Summary: Binance processed 205,000 transactions between May 2018 and January 2023, per a Chainlysis report from Tuesday. The leading crypto exchange also reportedly facilitated $90 million in BTC trading volume for Bitzlato post-August 2021, after announcing plans to beef up anti-money laundering checks. Bitzlato is under investigation by the U.S. Justice Department and its Founder Anatoly Legkodymov was charged with money laundering. On-chain security firm Chainlysis reported on Tuesday that Binance facilitated over $345.8 million in Bitcoin trading volume for investigated Russian crypto exchange Bitzlato. Bitzlato was accused of money…

Coinbase Exec Accuses Binance Of Crypto Price Manipulation

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The world’s largest cryptocurrency exchange Binance was in the crossfire of critics for a long time after the FTX collapse. In particular, there was harsh criticism because of an opaque proof of reserves issued by the auditing firm Mazars, which paused the cooperation with the exchange shortly thereafter. Over the turn of the year, however, the criticism has become quieter and Binance has disappeared from the spotlight as DCG and Genesis became the crypto industry’s biggest headache. But Conor Grogan, Head of Product Business Operations at Coinbase, presented new serious…

Binance Charity Has Plans to Offer Over 30,000 Web3 Scholarships in 2023

The Binance Charity Scholar Program (BCSP) will also offer Web3 courses allowing students to upskill without having to overcome unnecessary financial barriers. Crypto exchange Binance is gearing up to bring greater educational opportunities in the rapidly emerging Web 3 space. As per the latest development, Binance Charity will be funding over 30,000 Web3 scholarships as part of the Binance Scholar Program. The Binance Charity Scholar Program (BCSP) will also offer Web3 courses allowing students to upskill without having to overcome unnecessary financial barriers. In their blog post last week, Binance…

Token dump following Binance listing raises insider trading suspicions

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Insider trading has become a burning topic in the crypto ecosystem, especially in light of the recent conviction of an ex-Coinbase manager’s brother. The insider trading charges were believed to be the first involving cryptocurrency, and now another set of wallet addresses with transaction history linked to Binance listings has raised suspicion. Conor Grogan, director of Coinbase, took to Twitter to flag the transaction activity of a few anonymous wallets over the past 18 months. The anonymous wallets allegedly bought multiple unlisted tokens minutes before their listing announcement on Binance…

Binance Says Signature Bank Won’t Support Transactions for Crypto Exchange Customers of Less Than $100K

Nearly a quarter of the New York-based bank’s $103 billion in total deposits, or roughly 23.5%, came from the crypto industry as of September 2022. But given the recent “issues” in the space, Signature will reduce that amount to under 20% and potentially under 15% eventually, Signature CEO DePaolo said at a New York conference hosted by investment bank Goldman Sachs. Source

Binance Announces New Transaction Limit By Fiat Partner, What Could This Mean For BNB?

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According to a report by Bloomberg, crypto exchange Binance has announced that one of its fiat trading partners, Signature Bank, will no longer be processing transactions of less than $100,000 as the bank attempts to reduce its exposure to the cryptocurrency market. Binance said this is a broad action affecting all crypto exchanges dealing with Signature bank. And that efforts are underway to find an alternative solution immediately for members of its user community whose accounts are serviced by this bank. “One of our fiat banking partners, Signature Bank, has…

Binance Banking Partner to Ban Crypto Trading Transfers Under $100K – Exchanges Bitcoin News

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Clients of one of the banks facilitating fiat operations with Binance will not be able to trade crypto through SWIFT transfers of less than $100,000. The transaction minimum, aimed at reducing exposure to digital assets, will be introduced by the financial institution in February. Bank Working With Binance Sets $100,000 Transaction Minimum for Crypto Traders A bank serving some clients of the world’s largest cryptocurrency exchange, Binance, will only process customer transactions exceeding $100,000, starting from the first day of February. The new minimum will be imposed as part of…

A Look at Binance, Okx, Crypto.com, Bitfinex, and Huobi – Bitcoin News

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After FTX collapsed, the incident prompted many major crypto exchanges to publish proof-of-reserves and lists of known addresses so users can verify the solvency of the trading platforms. While the veracity of these proof-of-reserve lists and asset dashboards is debatable, they do provide some insight into the large sums of cryptocurrency held in custody by major exchanges. For example, Binance, the largest cryptocurrency exchange by trade volume, manages $66 billion in crypto assets, which is more than 6% of the entire cryptocurrency economy’s net value of $1 trillion. An Inspection…