Binance

Binance, a major cryptocurrency exchange, secretly gained access to a bank account belonging to an ostensibly independent US partner and transferred sizable sums of money from the account to a trading company run by Binance CEO Changpeng Zhao.More than $400 million was transferred from the Binance.US account at California’s Silvergate Bank to this trading company

Summary: Binance Holding Ltd is reassessing its position in the U.S. and could cut ties with its partner firms in the jurisdiction amid mounting regulatory pressure, Bloomberg reported.The news comes a few days after Paxos, the issuer of BUSD, was served a Wells notice and ordered to stop minting new BUSD tokens.Friday’s report noted that

Binance, one of the world’s largest cryptocurrency exchanges, has announced that it has minted $50 million worth of TrueUSD, a stablecoin pegged to the US dollar. This decision comes after the New York State Department of Financial Services (NYDFS) halted the issuance of another stablecoin, BUSD, by Paxos, amid regulatory scrutiny.Created by TrustToken, TrueUSD provides

You are here: Home/ News/ Binance Loses Nearly $1B in Crypto Withdrawals As Paxos Forced To Halt BUSD MintingCrypto enthusiasts were in for a shock when Binance, the world’s largest crypto exchange, saw a staggering $1 billion worth of crypto withdrawals within 22 hours. According to data shared by Ali Martinez, a renowned crypto analyst, the

Binance Coin price fell amid news around Paxos and its stablecoin BUSD BNB traded to lows of $284, extending intraday declines from highs of $321 as uncertainty engulfed the stablecoin. Paxos, which issues and handles BUSD redemptions, announced it had halted its relationship with Binance. BNB, the native coin of the Binance exchange, has extended

Image Source: BBCBinance will airdrop $100 worth of BNB tokens to its Turkish users affected by the recent devastating earthquake. The world's largest crypto exchange announced onTuesday that it would airdrop BNB worth $100 to all Binance users identified to be living in 10 cities where the earthquake has had a significant impact, including Kahramanmaraş, Kilis, Diyarbakır, Adana

Binance is reportedly set to suspend all US dollar (USD) deposits and withdrawals. According to a crypto news report on the matter, the suspension starts on 8 February 2023. Binance will reportedly continue to support all other payment methods, including bank transfers in another currently supported fiat currency. Binance will temporarily pause US dollar deposits

Binance, the world’s largest cryptocurrency exchange, has injected capital into distressed South Korean crypto exchange, GOPAX, two years after it shut down its affiliate in the country due to low patronage. Bloomberg reports that the crypto exchange purchased a majority stake in GOPAX. Earlier in the month, Finance Magnates reported that Binance was making plans