Binance

The US SEC Rejects Binance’s Argument in Ongoing Legal Battle

November 9, 2023 1 min read

The US Securities and Exchange Commission (SEC) has dismissed Binance’s attempt to end a lawsuit alleging the crypto exchange violated US securities laws. The SEC argues that Binance’s legal arguments are flawed and that the exchange willfully disregarded the law. In June 2023, the SEC filed a lawsuit against Binance and its founder, Changpeng Zhao, or CZ, accusing them of illegally selling investments without proper registration in the US. Binance

Binance Withdraws from Partnership with Russian Ruble

November 3, 2023 1 min read

Binance crypto exchange is planning to end its partnership with payment company Advcash, according to a report by the Wall Street Journal. This decision comes on the heels of Binance’s exit from Russia in response to new regulatory changes. The Wall Street Journal suggests that Binance and Advcash’s collaboration may have played a role in facilitating money transfers between Russian banks affected by international sanctions. However, Advcash denies these claims.

Binance’s UK CEO Resigns Amid Growing Regulatory Pressure

October 24, 2023 1 min read

Binance’s UK CEO, Jonathan Farnell, has stepped down from his position, marking the latest departure in a series of executive exits from the company. Farnell’s departure was noted in UK corporate filings and on his LinkedIn profile, indicating that he resigned from Binance Markets Limited in late September. Earlier in June, he had already relinquished his senior compliance role at Binance Europe. A Binance spokesperson expressed gratitude for Farnell’s contributions

Binance Expands Euro Banking Partnerships with New Agreements

October 20, 2023 1 min read

Binance crypto exchange has just expanded its Euro payment options. In a recent blog post, the Binance team announced that they’ve signed agreements with new fiat partners to offer a range of Euro-related services. These services include making Euro deposits and withdrawals through the Single Euro Payments Area (SEPA) network, trading Euro pairs, and buying and selling crypto via SEPA, bank cards, and fiat balances. While Binance hasn’t disclosed the

Binance to temporarily suspend Ethereum deposits and withdrawals

October 20, 2023 1 min read

Binance crypto exchange gives its users a heads-up about some upcoming wallet maintenance that could affect their deposits and withdrawals. Binance is scheduled to perform routine wallet maintenance on the Ethereum network (specifically, the ERC20 part) on October 24, 2023, starting at 7:00 a.m. UTC. This maintenance is expected to take around two hours. On the day of the maintenance, starting at 6:55 a.m. UTC, deposits and withdrawals on the

Managing Director of Binance France departs From the Exchange

October 19, 2023 1 min read

Stéphanie Cabossioras, who served as the Managing Director of Binance France, has recently announced her resignation, making her the latest senior executive to depart from Binance this year. Her departure marks at least the tenth high-ranking executive to leave the prominent cryptocurrency exchange during this period. David Prinçay, the President of Binance France, confirmed Cabossioras’ departure and expressed his appreciation for her contributions. He stated, “We thank Stéphanie for her

Binance Announces the Support of aelf (ELF) Network Upgrade

October 13, 2023 1 min read

Binance crypto exchange has announced its dedication to supporting the forthcoming network upgrade of aelf (ELF). This upgrade is set to occur at block height 175,663,892 around 1:00 PM on October 17, 2023. To prepare for the upgrade, Binance told users to take note that the ability to deposit and withdraw ELF tokens on the aelf network will be temporarily suspended starting at around 12:00 on October 17, 2023. However,

Alameda CEO Caroline Ellison Says She and SBF Were Trying to Bring Down Binance

October 12, 2023 1 min read

The ongoing trial involving Sam Bankman-Fried (SBF), the founder of FTX, has taken another surprising turn as key figure Caroline Ellison, CEO of Alameda Research, provided insights into the inner workings of the company. During SBF testimony, Caroline revealed a task on his to-do list: “Get regulators to bring down Binance.” Caroline also admitted to negotiating $10 billion in debt, raising questions about the source of these funds. The FTX

Binance and Royal Thai Police Team Up to Recover $277M Stolen by Scammers

October 4, 2023 1 min read

In a recent announcement, Binance revealed its collaboration with law enforcement agencies to dismantle a criminal syndicate involved in a crypto scam. The operation, codenamed “Trust No One,” resulted in the arrest of five key suspects and the seizure of assets totaling $277 million. So far, over 3,200 victims have come forward to seek compensation. The Royal Thai Police’s Cyber Crime Investigation Bureau (CCIB) worked closely with Binance and United

Binance Adds Support for Three Altcoins, Triggering Price Movements

October 3, 2023 1 min read

Binance, one of the leading cryptocurrency exchanges, has revealed its commitment to supporting network upgrades and hard forks for three altcoins: Sei (SEI), IOTA (IOTA), and Arweave (AR). These upgrades are set to bring changes to these digital assets, and Binance users need to be aware of the important dates and details. Here’s what you need to know: Sei (SEI): IOTA (IOTA): Arweave (AR): It’s important to note that trading

Binance Sees Drop in Bitcoin Trading Activity Amid Regulatory Challenges and Fee Reintroduction

September 30, 2023 2 mins read

Binance, one of the world’s largest cryptocurrency exchanges, has seen a substantial drop in its Bitcoin trading volume this month, experiencing a 48% decline. This decline coincides with the reintroduction of fees for its most heavily traded BTC trading pairs. Dessislava Ianeva, a research analyst at Kaiko, highlighted this significant decrease in a post on X (formerly Twitter). She noted that this is the second-largest monthly drop since April and

Binance CEO CZ Responds Swiftly to WSJ FUD Claims

September 27, 2023 1 min read

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