Binance Financial News

Lookonchain, in a 20 February tweet, revealed that the prices of Chinese coins were on the rise over the last few days. VeChain [VET] was one coin that experienced massive growth, with its price increasing by double digits. 

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.__________

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

The Bank of International Settlements (BIS) recently published its 59th bulletin titled “Crypto shocks and retail losses.” The report took a closer look at the aftermath of the crypto crashes of 2022, which affected millions of investors and left several firms bankrupt. 

The terra luna classic price has dipped to $0.00016810 today, marking a 1% loss in a day and also a week. LUNC is also down by 6% in a month, with the token hurt by the recent news that the SEC is charging Terraform Labs and CEO Do Kwon with running multi-billion dollar securities fraud.

Binance Holdings Ltd. is considering ending relationships with US business partners as regulators turn up the heat. The company, which operates the world’s largest crypto exchange, is weighing the retreat after its relationships with a key banking partner and stablecoin issuer ran into trouble amid intense scrutiny from authorities, according to a person familiar with the issue. Binance has been probed by the Securities and Exchange Commission, Commodity Futures Trading Commission, Justice Department and the Internal Revenue Service. Binance Holdings is looking at whether to sever ties with intermediary firms such as banks and services firms and is reassessing venture-capital investments in the US, according to the person, who asked not to be identified discussing details that had not yet been made public. It will consider de-listing tokens from any US-based projects, including Circle’s stablecoin USD Coin, the person said. Binance Holdings isn’t authorized to serve crypto customers in the US. Instead, there’s Binance.US, a far smaller exchange that claims to be independent and said it has no plans to leave the US.

Following its inclusion in Binance’s Innovation Zone on 17 February and the opening of trading for the GNS/BTC and GNS/USDT trading pairs on the cryptocurrency exchange, Gains Network [GNS] rallied to an all-time high of $10.31, data from CoinMarketCap showed. 

New week, a new element of the crypto ecosystem is under attack. This time, the United States Securities and Exchange Commission (SEC) ordered Paxos Trust to stop issuing Binance USD (BUSD) — a dollar-pegged stablecoin. Paxos received a cease order from the New York Department of Financial Services (NYDFS).

It might seem like forever and a day ago when the Bitcoin (BTC) price was trading below $18,000, but in reality, it was 40 days ago. Generally, cryptocurrency traders tend to have a short-term memory and, more importantly, they attribute less importance to negative news during bull runs. A great example of this behavior is BTC’s 15% gain since Feb. 13, despite a steady flow of bad news in the crypto market.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.__________

Crypto exchange Binance has launched a new update to its fan token platform that focuses on helping sports teams engage with their fans by offering various rewards to token holders. 

Binance Coin [BNB] recently posted its weekly ecosystem report, highlighting all the notable developments in the network and also updating the key statistics.

With Bitcoin surging 15% in just seven days, many investors are wondering if it's the right time to buy. In this article, we'll discuss the current state of the Bitcoin market and examine some Bitcoin price predictions for the future.

In the world of cryptocurrencies, Terra Luna Classic (LUN) has been making waves recently, as its price has been on the rise following a surge in trading volume. With the volume of trading reaching $100 million, many investors are speculating that the price of LUN could reach $1 in the near future. 

Ethereum’s [ETH] much-awaited Shanghai upgrade is around the corner, and investors are excited.

With U.S. regulators effectively canceling Binance-branded BUSD stablecoin, the world's largest cryptocurrency exchange is now looking beyond dollar-based stablecoins - and it has received notable interest from potential partners. 

Stablecoins found themselves in the crosshairs of the latest regulatory FUD. BUSD was the most affected stablecoin in that regard and others have managed to stay unaffected. From the looks of things, USDC just came close to being the next victim and the worst may not be over.

The regulatory hammer hung above Binance for some time before landing on Binance USD (BUSD). Despite the FUD that has gripped the stablecoin, one metric has turned out to be positive for it thus far. 

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Binance Chief Changpeng Zhao has addressed the rumors about a possible breakup between his crypto exchange and its United States-based partners.