Binance customers in Europe are facing difficulties with fiat withdrawals due to issues with SEPA transfers, as the exchange has temporarily suspended euro withdrawals and deposits via SEPA while it works to resolve the problem.
The hacker who stole $570 million from Binance last year had a portion of their stolen funds liquidated after the Venus community voted in favor of a governance proposal enabling the liquidation, and the attacker's position was manually liquidated for $52.3 million when the price of Binance Coin dropped.
Binance, the world's largest cryptocurrency exchange, caused confusion by mistakenly announcing on social media that euro transactions were no longer available, but it was clarified that euro transactions will continue until September 25th with Binance's banking partner in the region. However, the exchange is currently facing legal troubles and difficulties in various countries, making it challenging to find alternatives.
Binance US is reportedly reconsidering its decision to discontinue fiat on- and off-ramp services and is working on integrating new US dollar on-ramp solutions, potentially partnering with payment provider MoonPay to allow users to buy and sell cryptocurrencies in dollars.
BNB, the cryptocurrency linked to Binance, dropped to a one-year low of $204 due to regulatory scrutiny, including allegations that Binance helped Russian users move money abroad and rumors that they are selling bitcoin to support BNB's price, while a distressed BNB-secured loan and a potential liquidation added to the token's downward pressure.
Binance, the largest cryptocurrency exchange, has contacted low-liquidity token projects to enhance their liquidity protection by requesting details about their market makers and asking if they would contribute tokens to Binance savings pools.
Binance has lost business with Mastercard and Visa as traditional financial institutions become wary of working with the cryptocurrency exchange due to regulatory scrutiny and concerns over compliance within the crypto industry.
Binance experienced a rapid withdrawal of $150 million worth of Bitcoin in one minute, indicating potential factors such as security, investment strategy, or preparation for a major transaction, while also raising speculation about market moves and potential illicit activities.
Binance has achieved a significant milestone with its integration of the Bitcoin Lightning Network, as its lightning node is growing rapidly and currently ranks 14th in terms of capacity on the network, with users actively utilizing it for their Bitcoin transactions.
Binance faces scrutiny over SEPA concerns, market manipulation allegations, and sanction violations, while regulators crack down on crypto-related crimes; meanwhile, scams and allegations of insider trading plague the crypto industry.
Binance, the world's largest crypto exchange, has banned Russia-based users from trading in all currencies except the ruble due to a U.S. Justice Department investigation into possible violation of financial sanctions on Russia.
Binance, the world's largest cryptocurrency exchange, is considering a complete withdrawal from the Russian market due to complications and potential violations of Western sanctions.
Binance, the world's largest cryptocurrency exchange, is considering a complete withdrawal from the Russian market due to complications and potential violations of Western sanctions.
Summary: Binance froze the wallet of a scammer involved in the PopcornSwap rug pull scam, which stole over $2 million, after nearly two years of inaction, but only with the consent of all BNB Chain validators, highlighting the risks and challenges of seeking reimbursement in decentralized blockchains.
Binance CEO predicts that DeFi will surpass centralized finance in the next bull run, while the US CFTC takes regulatory action against three DeFi protocols for alleged registration failures; a report from the Bank for International Settlements argues that pure DeFi has little use case in the real world due to the need for oracles; Binance is refunding $1 million to users over a token incident, and the Shiba Inu ecosystem's layer-2 network, Shibarium, has reached over one million wallets but has yet to impact the price of SHIB token.
Binance.US rejects claims made by the SEC, calling them unsubstantiated and maintaining that it has custody and control over its digital assets, in response to the SEC's request for depositions and further discovery.
Bitcoin trading volumes on Binance, the world's largest crypto exchange, have plummeted by 57% amid lawsuits and regulatory scrutiny, while competitor Coinbase has seen a 9% increase in volumes over the same period.
Binance CEO Changpeng Zhao disputes a report claiming he took a $250 million loan, stating that he actually lent the amount to BAM Management and has not taken it back.
Binance and its CEO, Changpeng Zhao, have filed a motion to dismiss the lawsuit brought against them by the SEC, arguing that the agency exceeded its authority and failed to provide clear guidelines for the cryptocurrency sector.
Crypto exchange Binance has reopened registrations and access to its products and services for Belgian users, three months after being ordered to cease cryptocurrency-related services by Belgium's finance regulator.
Binance's liquid staking ether experienced a sudden inflow of $500 million, bringing its total locked value to $1.2 billion, as the exchange minted $502 million worth of wrapped Binance ETH tokens, following its previously announced plan to convert BETH to WBETH.
Binance, the world's largest cryptocurrency exchange, is facing major staffing struggles and regulatory issues, with some calling for CEO Changpeng Zhao to step down. The company has experienced turbulence in the past, but its current challenges may indicate a dire situation.
Crypto exchange Binance collaborates with law enforcement agencies to arrest key members of a criminal group involved in a crypto scam in Thailand, resulting in the seizure of $277 million worth of assets and over 3,000 victims coming forward to file compensation claims.
Binance's spot market share has continued to decline amid ongoing regulatory issues in the United States, with its market share dropping from 38.5% in August to 34.3% in September, according to analysis from CCData.
