Binance - Optimisus

WSJ Publishes Negative Article About Binance, CEO CZ Reacts Swiftly

2 days ago 1 min read

Binance CEO CZ Responds Swiftly to WSJ FUD Claims

The Wall Street Journal (WSJ) has once again published a critical article about Binance, the world’s largest cryptocurrency exchange. The WSJ has previously released several negative reports about the exchange. In today’s news, the WSJ claimed that Binance is showing signs of decline, citing an unnamed source who allegedly saw an internal message from Binance co-founder Yi He. According to the WSJ’s alleged source, Yi He sent the following message to company employees: “Every battle is a do-or-die situation, and the only thing that can defeat us is ourselves. We have triumphed countless times, and we need to emerge victorious

Binance Gets Court Approval in SEC Lawsuit

2 days ago 1 min read

Court Approves Binance’s Request for Extension in SEC Lawsuit

In the legal battle with the Securities and Exchange Commission (SEC), Binance has been granted an extension to respond to court orders. On September 26, the extension was approved by Judge Zia M. Faruqui of the U.S. District Court for the District of Columbia. The SEC initiated the lawsuit back in August, targeting cryptocurrency exchange Binance Holdings Limited, its founder Changpeng Zhao, as well as two U.S.-based Binance entities, BAM Trading Services Inc. and BAM Management U.S. Holdings Inc. The SEC’s allegations revolve around the sale of digital asset securities without the necessary registration. The extension primarily concerns BAM Trading

Binance conducts reviews of all listed spot trading pairs. Certain pairs are removed due to factors like low liquidity and trading volume.

2 days ago 1 min read

Binance to Delist Multiple Trading Pairs

Binance conducts regular reviews of all listed spot trading pairs. Sometimes, certain pairs are removed due to factors like low liquidity and trading volume. Binance’s Latest Review Results in Delisting Decision Following the most recent review, Binance has made the decision to delist and cease trading for the following spot trading pairs: Effective September 29, 2023, at 08:00: Effective September 29, 2023, at 10:00: It’s important to note that the removal of a spot trading pair does not impact the availability of tokens on Binance Spot. Users can still trade the base and quote assets of the spot trading pair

3 days ago 1 min read

Binance Returns to Belgium and Enters Japan Market with Stablecoin Strategy

Binance Belgium is reopening registrations for residents of Belgium, allowing them to access the platform once again. The exchange made this announcement on social media, expressing gratitude for the patience and loyalty shown by Belgian users during recent changes and challenges. In addition to reopening registrations, Binance is restoring access to various products and services for Belgian users who have accepted the updated Terms of Use. The exchange values the support it has received from the Belgian crypto community. https://x.com/binance/status/1706350568703156691?s=20 In other news, Binance is expanding its presence in Japan through a partnership with Mitsubishi UFJ Trust Bank. Together, they

Binance Japan and Mitsubishi Join Hands to Create Stablecoin

3 days ago 1 min read

Binance Japan and Mitsubishi Partner Up for Stablecoin Development

Binance Japan is joining forces with Mitsubishi UFJ Trust Bank (MUTB) to create new stablecoins pegged to major currencies in Japan. These stablecoins will be tied to fiat currencies like the Japanese Yen and foreign currencies such as the U.S. Dollar. The foundation for these stablecoins will be Progmat Coin, an infrastructure platform owned by Mitsubishi, that complies with Japan’s Payments Service Act. Progmat Coin has garnered support from several major banks in Japan, including Mizuho Bank, SMBC, and SBI Holdings. In a statement released on September 26, both organizations announced the commencement of a collaborative study aimed at developing

CZ Defends Binance Charity's $3 Million Crypto Donation Amid Controversy

1 week ago 3 mins read

Binance Charity and CZ Respond to Criticism Over $3 Million Crypto Donation for Morocco Earthquake Relief

The controversial donation of $3 million in Binance Coin (BNB) by Binance Charity to victims of the recent earthquake in Morocco has sparked a debate about the role of cryptocurrencies in humanitarian aid. As reported by the Financial Times, some critics have labeled it a PR stunt, arguing that victims of such disasters need immediate essentials like food and water, not crypto. However, CZ Binance, CEO of Binance, has taken to Twitter to explain Binance Charity’s approach. CZ outlined some criticisms against Binance’s donation and responded to each. “People need food and water, not crypto. We agree with that,” CZ

Binance.US Under Fire from SEC for Alleged Lack of Cooperation

2 weeks ago 1 min read

SEC Raises Concerns Over Binance.US’s Non-Cooperation

The United States Securities and Exchange Commission (SEC) has ratcheted up its ongoing legal battle with Binance.US, alleging a lack of cooperation from the cryptocurrency exchange on September 14th. In a recent court filing, the SEC did not mince words, taking issue with Binance.US’s holding company, BAM, for providing a scant 220 documents during the discovery process. What’s more, the SEC claimed that many of these documents were marred by incomprehensible content, and lacked essential dates or signatures. The regulatory body went further, accusing BAM of dodging the production of crucial witnesses for deposition, opting to cooperate with only four

Binance has stepped forward with a generous pledge of millions of dollars in BNB to provide aid relief for the affected communities.

2 weeks ago 1 min read

Binance Donates $3 Million in BNB to Support Morocco Earthquake Victims

In a compassionate response to the recent devastating earthquake in Morocco, cryptocurrency exchange giant Binance has stepped forward with a generous pledge of millions of dollars in Binance Coin (BNB) to provide aid relief for the affected communities. The earthquake, which struck on September 8, had a magnitude of 7 on the Richter scale and resulted in a tragic loss of at least 2,000 lives in Marrakech, Morocco’s fourth-largest city. Binance announced on September 11 that they are launching an airdrop initiative, committing to distribute up to $3 million worth of BNB to users residing in the areas impacted by

Binance.US has taken a firm stance against the U.S. SEC request for depositions from the exchange's executives and further discovery.

2 weeks ago 2 mins read

Binance Counters SEC’s Deposition Request, Deeming it ‘Excessive

Binance.US has taken a firm stance against the U.S. Securities and Exchange Commission’s (SEC) request for depositions from the exchange’s executives and further discovery. In a redacted response, Binance.US has termed the SEC’s motion “unduly burdensome” and “freewheeling,” highlighting the absence of evidence supporting allegations that customer funds were wrongfully diverted. Binance.US emphasized that despite the extensive discovery process already conducted during the expedited discovery period, the SEC has failed to provide any concrete evidence to substantiate its allegations of investor assets being diverted. The exchange firmly stated that all available evidence, including documents, declarations, and sworn deposition testimony, supports

Binance will cease trading activities of AUDIO/BUSD

3 weeks ago 1 min read

Binance to Remove These Cryptocurrencies from Its Platform Starting September 8

Binance has decided to delist several spot trading pairs. This decision follows a routine assessment of all spot trading pairs, with a focus on factors such as liquidity and trading volume. Starting September 8, 2023, Binance will cease trading activities for a range of spot trading pairs. The initial list of removals includes trading pairs like AUDIO/BUSD, BAT/BUSD, BSW/BUSD, CITY/BUSD, CVX/BUSD, FORTH/BUSD, JUV/BUSD, and MOB/BUSD. Following this initial phase, the removal process will continue with OGN/BUSD, OMG/BUSD, PLA/BUSD, POLS/BUSD, REI/BUSD, RSR/BUSD, SCRT/BUSD, and TVK/BUSD. Lastly, ADA/BIDR, MATIC/BIDR, UTK/BUSD, and ZIL/BIDR will also be discontinued. It’s important to note that while

4 weeks ago 1 min read

Binance Japan Aims to List 100 Tokens, Triple the Current Number

Binance Japan, recently launched with comprehensive services, has unveiled ambitious plans to significantly diversify its token offerings. The exchange intends to provide a selection of at least 100 tokens on its platform in the near future, a threefold increase from its current range. This revelation stems from a recent Bloomberg report. Binance Japan’s representative shared during an online briefing that the exchange is actively working towards enhancing liquidity within the local crypto market. The strategy involves collaborating with other domestic cryptocurrency exchanges to ensure smoother and more robust market conditions. This collaborative approach is intended to bolster trading experiences for

Binance has introduced an innovative crypto transfer service called Send Cash.

1 month ago 1 min read

Binance Introduces Crypto Transfer Service in 9 Latin American Countries

Binance crypto exchange has introduced an innovative cryptocurrency transfer service called Send Cash. This service is geared towards enhancing the convenience of crypto transactions for users across Latin America. By leveraging Binance Pay, users in nine Latin American countries can now seamlessly transfer cryptocurrencies. Binance’s recent move is in direct response to the distinct challenges faced by citizens in the Latin American region. With Send Cash, the platform aims to provide solutions that cater specifically to these challenges, ultimately making cryptocurrency usage more accessible and efficient. According to an official statement released on August 29, Binance’s Send Cash service is