Tag Archives: binance news

The official Binance exit from the Netherlands follows the exchange’s inability to secure an official license with Dutch regulators. Binance has announced its exit from the Netherlands. According to an official publication, the world’s largest crypto is leaving the Dutch market as it has been unable to secure a license as a virtual asset service provider (VASP). In the exit announcement, Binance notes it will no longer accept new users in the Netherlands with immediate effect. Also, apart...

Binance also disclosed that the BTC mining subscription service will only be active for 180 days or thereabout. The weight of regulatory pressure from the US Securities and Exchange Commission (SEC) appears to have little or no effect on the activities of crypto exchange Binance. This follows after the exchange recently announced the Binance cloud mining product and services. According to the announcement, the service goes live on Thursday, June 15th, and access to it will be...

The Maverick Protocol will be available on the Binance Launchpool as the newest project launched after the Sui blockchain in April. Binance has introduced the newest project on the Binance Launchpool, Maverick Protocol (MAV). The Maverick Protocol, the 34th project on Binance Launchpool, is a decentralized exchange (DEX) that helps liquidity producers hit their capital efficiency targets regardless of their liquidity providing (LP) strategy. According to the official Binance announcement,...

At the time Gensler was offered to be an advisor to Binance, he was teaching at Massachusetts Institute of Technology’s Sloan School of Management. According to the lawyers of Binance and its CEO Changpeng Zhao, SEC chair Gary Gensler was offered to be an advisor to Binance’s parent company in 2019. Interestingly, Gensler has been spearheading the crackdown against the crypto industry over the past year. Binance and other crypto companies are currently under the radar of the US regulator...

The filing by the SEC cites Binance’s operations in Malta with CZ noting that he won’t have to appear in person. As per the lawsuit filed by the US Securities and Exchange Commission (SEC), Binance chief Changpeng Zhao has been summoned to Malta. The SEC has accused the exchange of indulging in shady activities in Malta between 2018 and 2019. Binance chief Zhao cleared the air stating that he won’t need to appear in person to address the summons. “I was told this is just part of the...

Binance is also pausing its OTC Trading Portal services in the US. The exchange said that it will notify users if and when the portal opens in the coming weeks and months.  The US arm of top crypto exchange Binance has removed 10 advanced trading pairs from its platform. In an announcement, the exchange said it would let go of select BTC and BUSD Advanced Trading pairs by 9 am PDT on June 8, 2023. Notably, the company earlier planned to eliminate over 100 crypto assets. The initial...

After SEC’s action on Binance, Bitcoin and the broader crypto market tanked instantly. Altcoins face heavy correction to the tune of 7-8% with Binance BNB suffering the most. The filing of the lawsuit by the US SEC against crypto giant Binance sent shockwaves across the entire cryptocurrency market on Monday, June 5. Over the last 24 hours, Bitcoin (BTC) and the broader cryptocurrency market have corrected by over 4%. As of press time, the Bitcoin (BTC) price is down by 4% and is...

zkPass protocol was selected from a list of more than 900 applicants and will now receive strategic funding from Binance Labs as well as four other finalists. A decentralized open-source protocol that focuses on identity verification solutions zkPass has been crowned the winner of a metaverse show sponsored by the leading cryptocurrency exchange Binance. According to the announcement, the Binance metaverse show was seeking to crown the next big Web3 entrepreneur amongst a huge group of...

The growth of BNB and the underlying chain is largely connected with the ongoing regulatory scrutiny, especially in the United States The BNB Smart Chain (BSC), a leading smart contract blockchain developed by the leading centralized exchange Binance with about $4.45 billion in total value locked, is expected to have a hard fork on its mainnet at block height 29,020,050. Through the current block generation speed, Binance Chain core developers expect the Luban hard fork to take place on...

The integration of TradingView will give Binance users access to a wide range of tools while exposing Binance products to traditional investors. The Binance Spot market trading platform has been integrated with TradingView, a leading charting platform that offers traders a greater insight into the markets. The news broke via a press release seen on Thursday, May 18. Providing Greater Insight into the Market via Tools and Data With the integration, users of Binance will have access to a...