Binance Financial News

14.02 / 14:57

Stablecoin Binance MARKET BNB USDC Paxos Binance's Stablecoin Under Fire: Rival Circle Sounds the Alarm to NY Regulators

Circle, the US-based payments company that issues the stablecoin USD coin (USDC), alleged that major crypto exchange Binance did not fully back some of its own stablecoin proxies - and on Monday, blockchain infrastructure platform Paxos was ordered to cut its connection with Binance in regard to the Binance USD (BUSD) stablecoin.

14.02 / 12:45

Blockchain UPS Ethereum Binance NOT Polygon [MATIC] enters accumulation phase, but all is not what it seems

Polygon [MATIC] saw a significant increase in its demand of late. According to a tweet on 13 February, one particular address snapped up over 20 million tokens over the past few days, becoming one of the largest MATIC holding addresses.

14.02 / 11:03

Binance Digital Action How regulators are closing in on crypto

The walls are closing in around crypto. Regulators hadn’t taken action against many of the industry’s biggest players, but are now cutting off access to products and services central to the digital currency business.

14.02 / 08:59

business Stablecoin Binance regulation SEC security Paxos Matrixport NOT Stablecoins not the target in BUSD crackdown: Matrixport head of research

Crypto financial services Matrixport's head of research believes the recent scrutiny of Paxos and its Binance USD (BUSD) token is not a direct attack on stablecoins themselves.

14.02 / 08:49

business Blockchain Stablecoin Binance Paxos Binance USD Withdrawals Redemptions Binance withdrawals and BUSD redemptions surge post Paxos crackdown

Cryptocurrency exchange Binance has seen a surge of withdrawals over the last 24 hours as investors appear to be spooked over recent news of regulatory action against Paxos and its stablecoin Binance USD (BUSD).

14.02 / 03:39

Ethereum Binance Extreme Action Orange Bitcoin fall Decoding if 1INCH could fall to sell pressure as whale transfers into exchange

On 12 February, a whale transferred $1.09 million worth of 1inch Network [1INCH] into Binance, Lookonchain revealed. Usually, a transfer of this magnitude infers an intent to sell. However, the on-chain smartmoney track mentioned that the last transfer the said whale had, was in August 2022.

14.02 / 03:35

business Stablecoin Binance regulation SEC security Paxos Paxos ‘categorically disagrees’ with the SEC that BUSD is a security

Paxos Trust Company has released a statement noting that it "categorically disagrees" with the United States securities regulator which has painted Binance USD (BUSD) as a security.

14.02 / 01:15

UPS Binance Reuters Waters CEO CoinMarketCap regulatory Binance and Paxos Caught up in Crypto Regulatory Crackdown

Paxos, the largest issuer of regulated stablecoins, has announced it will end its relationship with Binance, and cease issuance of new Binance USD (BUSD) stablecoin tokens starting February 21, after regulatory scrutiny from the New York Department of Financial Services (NYDFS).

13.02 / 21:31

Ethereum Binance SEC CEO coinbase Kraken WSJ Could Binance USD [BUSD] be the next SEC casualty as regulator digs deep into…

Binance USD [BUSD] holders might be faced with a heavy cross to bear after the U.S. SEC notified its issuer of a potential probe. Wall Street Journal (WSJ), who seemed very familiar with the matter , reported that Paxos Trust Co. had received a letter pertaining to the issue from the regulator.

13.02 / 20:12

Binance SEC Paxos BUSD SEC Threatens Lawsuit Against Binance BUSD Stablecoin-Issuer Paxos – What’s Going On?

The Securities and Exchange Commission (SEC) has said it intends to sue Paxos Trust Company, a regulated New York-based firm that issues several popular stablecoins.

13.02 / 19:51

Binance Platform ICO Bitcoin week Cryptocurrencies To Watch: Week of December 5

Crypto market performance hasn't been particularly good over the last week, but it hasn't been too bad either. Bitcoin is currently above the $17,000 mark, and perhaps there is potential for it to hit $20,000 by the year's end.

13.02 / 19:51

Ethereum Binance Amazon coinbase Bitcoin week Cryptocurrencies To Watch: Week of Jan. 30

Is the crypto market finally pulling out of its slump? Bullish investors say yes as Bitcoin inches closer to $24,000.While the market shows some signs of a bull run, it is important to remember that it's still volatile. A few tokens stand out as noteworthy in the latest week amid the strengthening market.

13.02 / 19:38

Blockchain UPS Provident Binance SEC CEO Kraken settlement Kraken To Pay $30 Million, Shut Down US Staking Business In SEC Settlement

Cryptocurrency exchange Kraken has agreed to pay $30 million in penalties and shut down its staking business in a settlement with the U.S. Securities and Exchange Commission Thursday.

13.02 / 19:36

Kucoin Binance CEO CoinMarketCap Assurant Mazars Auditor Mazars Pauses All Work For Binance, Other Crypto Clients

Mazars Group, an accounting firm, stopped vouching for assets that crypto firms hold in reserve, less than two weeks after saying that Binance was over-collateralized in a report that's no longer on the company's website.

13.02 / 19:25

COST Binance Digital CEO Gemini Coindesk Crypto lender Genesis Crypto Lender Genesis Slashes 30% of Staff, Considers Bankruptcy

Cryptocurrency lender Genesis Global Trading Inc. laid off 30% of its workforce in a second round of layoffs in six months, and is considering bankruptcy as the FTX contagion continues to spread.

13.02 / 19:24

Binance Digital Booking Coindesk Nov Bitcoin FTX Contagion: Genesis Is On The Brink of Collapse As It Struggles To Raise $1 Billion

Cryptocurrency brokerage firm Genesis, which is seeking at least $1 billion in fresh capital, warned on Nov. 21 that it might file for bankruptcy without it.

13.02 / 19:22

Binance CEO coinbase Coindesk Fine Coinbase to Pay $50 Million Fine to New York Regulators

Coinbase Global Inc., a U.S. cryptocurrency exchange, settled with New York state regulators for $100 million after an investigation into the exchange's compliance with requirements to prevent money laundering.

13.02 / 19:20

Target MET Binance Reuters CEO Binance CEO Facing Possible Money Laundering Charges

U.S. prosecutors may charge Binance, the largest cryptocurrency exchange, and its top executives with money laundering and sanctions violations, the latest twist in a probe that began in 2018 and gained traction during the FTX collapse that shocked the industry.

13.02 / 19:17

Blockchain Ethereum Binance Platform Withdrawals Exploit Binance Halts Withdrawals Following An Exploit On Crypto Project Ankr

Binance, the largest crypto exchange by trading volume, paused withdrawals following an exploit on the crypto node project Ankr.

13.02 / 18:58

Binance CEO Software Southern Forbes FTX CEO Blasts Previous Leadership As Inexperienced And Unsophisticated

The collapse of FTX was caused by “a very small group of grossly inexperienced and unsophisticated individuals,” the crypto exchange's new CEO, John Ray III, said today during a House Financial Services Committee hearing. Ray appeared before Congress alone as the former CEO of now-bankrupt FTX, Sam Bankman-Fried, was arrested yesterday in the Bahamas.

13.02 / 18:56

Blockchain UPS Provident Binance Platform Interface Binance Launches Tax Reporting Tool to Help Users Comply with Local regulations

Because the tax season is just around the horizon for many nations, businesses in the cryptocurrency sector will need to be ready to assist their customers in complying with the requirements that are in place in those countries.

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