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Tag Archives: Binance

Binance Announces Temporary Suspension of USD Bank Transfers

Binance – the world’s largest crypto exchange – announced on Monday that it will pause all deposits and withdrawals in USD from bank accounts starting February 8.  The company said it will work to restart the feature as soon as possible.  Why the Suspension? After announcing the suspension over Twitter, Binance offered no particular explanation for why it was taking place. However, it clarified that the pause would only affect a small portion of its user base.  All other...

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These Crypto Companies to Send Aid Packages to Earthquake-Hit Turkey

Leading cryptocurrency exchanges, such as Bybit, BitMEX, and Bitfinex, vowed to support victims of Turkey’s disastrous earthquake with aid packages. Binance is also looking to help the affected people. A massive earthquake with a magnitude of 7.8 struck southern Turkey earlier today (February 6) and killed over 1,500 people. Hundreds of buildings collapsed, meaning the number of victims could rise significantly once emergency services scour the ruins. Numerous governments,...

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Oxford Student Goes to Prison for Stealing $2.6M Via a Crypto Scam

Wybo Wiersma – a 40-year-old Dutchman who studied at Oxford’s St Cross College – will serve a 54-month prison sentence for stealing £2,156,000 (more than $2.6 million) using a cryptocurrency scheme. UK detectives linked the scam to the man who used the pseudonym Norbert van den Berg in his malicious website and university coursework. ‘Greed and Dishonesty’ Behind the Scam Judge Michael Gledhill KC ordered Wiersma to spend four and a half years in prison for his offense. The...

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The Bitcoin Price Rose Steadily in January

January proved to be a somewhat powerful month for bitcoin, which rose beyond the $18K mark by the midway point. Though this is nothing compared to the all-time high of $68,000 it achieved in November of 2021, the jump was a welcomed change from the bearish conditions so many fans, traders, and investors were privy to in 2022. Bitcoin Saw a Good Month in January The previous year was arguably the worst time for bitcoin and the crypto scene. Bitcoin lost more than 70...

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Binance Gives Deadline for WazirX to Withdraw Client Assets Stored in its Wallets

The world’s leading crypto exchange has given an ultimatum to the operator of WazirX to withdraw all customer funds stored on Binance’s infrastructure and wallets. This comes as Zanmai has supposedly refused to retract a previous “false public statement” against Binance. The spat between the two crypto trading platforms began last year when the Indian government went after WazirX, raided offices belonging to Zanmai (the exchange’s operator), and froze over $8 million in...

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Bankrupt Voyager to Sell $1 Billion in Assets to Binance

Crypto broker Voyager – which was one of many crypto firms to enter bankruptcy proceedings in 2022 – has been given approval by a court to sell some of its assets to Binance (a larger crypto exchange and its primary competitor) for about $1 billion. Voyager Can Sell Its Assets to the Exchange The goal is to get back at least some of the money owed to customers. Several clients saw their money tied up in the crypto platform once the bankruptcy process began. Since that...

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Mark Wahlberg to Release Documentary on the ‘Tumultuous’ Relationship Between SBF and CZ (Report)

Mark Wahlberg’s production company – Urealistic Ideas – reportedly partnered with the media outlet – Fortune – to release a documentary revealing the controversial relationship between Sam Bankman-Fried (SBF) and Changpeng Zhao (CZ). The FTX crash caused a clash between the two, who accused each other of the catastrophic event. Making a Movie out of the Saga According to The Hollywood Reporter, broad society might soon watch a documentary depicting the spat between FTX’s...

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Binance Introduces User Feedback Feature to Improve Exchange

Binance – the world’s largest cryptocurrency exchange – announced on Wednesday a feature that will allow its community to easily provide the company with comments and feedback.  The tool will let users effectively participate in forming Binance’s product roadmap. Listening to the Community In a press release shared with CryptoPotato on Wednesday, Binance said the primary goal of the new tool is to gather community input on what new features it wants to see implemented. ...

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