Binance Financial News
09.06 / 13:21
Blockchain
COST
UPS
Lowe's
Binance
coinbase
centralized exchanges
The shift from centralized exchanges to DEXs
Centralized exchanges have been the dominant force on the cryptocurrency landscape for over a decade, acting as the primary method of transferring value between blockchains and serving as a gateway into crypto for the masses. They have been instrumental in the early development of the nascent crypto sector, with many reaping substantial profits. Binance’s revenue, for example, hit $12 billion in 2022, a ten-fold increase in just two years.
09.06 / 06:03
business
Adoption
Binance
SEC
coinbase
Square
Bitcoin
Cathie Wood’s ARK loads up crypto bags, buys $19.9M Block shares
ARK Invest CEO Cathie Wood doesn’t appear to have been swayed by recent crypto regulatory action, after buying another $19.9 million shares of Block Inc. right after buying $21 million of shares in Coinbase.
09.06 / 05:51
Twitter
Binance
Digital
Extreme
SEC
CEO
coinbase
Breaking: Binance.US Halts USD Deposits, Must Withdraw by June 13 But Major Outage Reported
Binance.US is halting USD deposits and has warned users to withdraw all US dollar funds by June 13th, although its dollar withdrawal service is currently not working.
09.06 / 04:39
Provident
Twitter
Binance
SEC
Tether
Platform
banking system
Banks are cutting off Binance's access to U.S. banking system, exchange says
Binance.US customers will no longer be able to use U.S. dollars to buy crypto on the platform as early as June 13, hobbling the exchange's ability to do business in the United States, after both payment and banking partners «signaled their intent to pause USD fiat channels,» the exchange said.
09.06 / 04:31
business
Binance
regulation
Investments
SEC
coinbase
Ark
Sec Charges
Moody's downgrades Coinbase citing 'uncertain magnitude' of SEC charges
Credit ratings agency Moody's has downgraded its rating of Coinbase from “stable” to “negative” following the SEC’s legal action against the crypto exchange for allegedly operating as an unregistered securities broker.
09.06 / 03:11
09.06 / 01:21
08.06 / 22:11
Binance
SEC
Sec Chair
Lawyers
SEC Chair Gary Gensler Tried To Land a Job at Binance, the Exchange’s Lawyers Allege
Before becoming head of the US Securities and Exchange Commission, Gary Gensler offered to serve as an adviser for Binance, according the crypto exchange, which is now facing heat from the regulator.
08.06 / 21:45
Binance
SEC
coinbase
Bittrex
Bankruptcy
Department
Customers
US Justice Department Objects to Bittrex’s Plan To Repay Customers in Bankruptcy Proceedings
The US Department of Justice objected to a proposal by crypto exchange Bittrex to return money to customers as part of its liquidation plan.
08.06 / 20:01
Blockchain
Binance
Digital
SEC
Platform
coinbase
Corning
Sec Chair
SEC Chair Doubles Down on Need For Crypto Regulation
Just days after suing two of the largest crypto exchanges in the world, SEC chief Gary Gensler was scathing in his criticism of crypto firms, saying that most crypto tokens are subject to U.S. securities laws and crypto platforms need to comply.
08.06 / 19:53
Binance
SEC
Binance.us
Documents Reveal Binance.US Suffered a $181 Million Loss in 2022
Binance’s US branch, Binance.US, was deeply unprofitable in 2022 and lost as much as $181 million for the year, a new filing made by the Securities and Exchange Commission (SEC) has revealed.
08.06 / 18:45
Binance
ETF
Investing
SEC
coinbase
Gen Z
Gen Z Investors Favor Crypto, But Experts Warn of Potential Risks
Crypto is the top choice for Gen Z investors, driven by their exposure to technology, social media, and easy investment access, according to a joint report by American finance industry organizations the CFA Institute and the Financial Industry Regulatory Authority (FINRA).
08.06 / 18:33
markets
Binance
DEX
SEC
coinbase
Senate
Bitcoin
Bitcoin rebound falters amid SEC crackdown on exchanges, raising chance of a BTC price capitulation
Bitcoin’s price lost steam after a failed retest of the $27,400 resistance on June 6, signaling that investors became less confident after the recent regulatory actions by the United States Securities and Exchange Commission (SEC) against Binance and Coinbase. Both exchanges are being sued on multiple counts, including failure to register as licensed brokers and offering unregistered securities.
08.06 / 16:57
Blockchain
Binance
Reuters
SEC
CEO
Merit
Regulators Uncover Binance's Billions of Dollars Transactions Through U.S. Banks
A new filing from the U.S. Securities and Exchange Commission suggests that Binance moved billions of dollars in customer funds through Signature Bank and Silvergate Bank – both crypto-friendly U.S. firms that failed in March.
08.06 / 16:57
Binance
SEC
coinbase
Sec Chair
lawsuits
SEC Chair Argues That It Is Possible for Crypto Platforms To Register Following Lawsuits Against Coinbase and Binance
Securities and Exchange Commission Chair Gary Gensler laid into the crypto industry on Thursday, arguing that it is possible for exchanges to register with the agency, despite platforms’ assertions that they tried to do just that.
08.06 / 16:19
Blockchain
Provident
Target
Binance
SEC
Platform
Action
sec lawsuit
Solana is Going to Zero After SEC Lawsuit Deems SOL a Security and Investors are Moving to Ecoterra as the Platform Raises $4.9 Million – What Does it Do?
In a nasty surprise for Solana holders, SOL has been named as an unregistered security in the latest SEC enforcement action against Binance - now facing an uncertain future will Solana sink-or-swim?
08.06 / 15:49
business
Binance
regulation
lawmakers
US lawmakers
Senators
Binance may have lied to US lawmakers, argue senators: Report
Binance may have misled lawmakers in the United States about its business dealings and relationship with its local unit in a letter sent in March, Bloomberg reported on June 8.
08.06 / 15:17
Twitter
Binance
SEC
Advertising
YouTube
Instagram
US court
Customers
Today in Crypto: US Court Issues a Summons for Binance's CZ, EU Targets Instagram, YouTube, TikTok & Twitter Over Crypto Ads, Commonwealth Bank of Australia Limits Customers' Ability to Send Money to Crypto Exchanges
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
08.06 / 14:59
Binance
litecoin
SEC
coinbase
LTC
Halving
analysts
Utility
Litecoin Price Pumps to Over $6 Billion Market Cap - Analysts Tip This Utility Coin for Gains Next
Despite not having been named by the US Securities and Exchange Commission (SEC) as a crypto security in the agency’s double whammy of lawsuits against Binance and Coinbase announced earlier this week, the Litecoin (LTC) price is struggling.
08.06 / 14:59
Ethereum
Provident
Twitter
Binance
SEC
Platform
Action
Ai Crypto Signals
Is it Too Late to Buy Ethereum? ETH Price Falls after Twitter Founder Jack Dorsey Says Ethereum is a Security – Here's Why yPredict AI Crypto Signals Platform
In the world of cryptocurrencies, stability is a luxury and now Ethereum (ETH), the world's second-largest cryptocurrency, has found itself at the heart of an escalating debate over regulatory clarity following a wave of enforcement actions by the U.S. Securities and Exchange Commission (SEC).
08.06 / 14:59
Binance
SEC
Signature Bank
Silvergate Bank
‘Large Amounts of Money’ Flowed in Binance Related Accounts: SEC Accountant Says
An accountant for the US Securities and Exchange Commission says crypto exchange Binance, CEO Changpeng Zhao and related entities moved “large amounts of money” from 2019 up to this year.
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