Tag Archives: binance news

This partnership is also a significant stride in the Japanese government’s endeavor to embrace blockchain technology and cryptocurrencies, fostering their broader adoption within the country and beyond. Binance Japan is partnering with Mitsubishi UFJ (MUFG) Trust Bank, a move squarely aligned with the Japanese government’s new Web3 policy. This collaboration aims to birth a new stablecoin, and the chosen platform for its development is the Progmat coin platform, a proprietary asset of...

Lawyers representing Binance.US believe that, overall, the SEC’s moves so far would do more harm than good for its bidding. Binance.US has claimed that the United States Securities and Exchange Commission’s (SEC) requests have been “unreasonable” with most of its requests. This is according to sealed documents filed by attorneys of the Binance.US cryptocurrency exchange on September 12. The filing – a response to SEC’s earlier request to get additional details from Binance, says most of...

Despite the recent wave of executive departures from Binance, the company said in June that it was embarking on a hiring spree with more than 2,000 available positions. Binance, the world’s largest cryptocurrency exchange, is experiencing another high-profile exit as Mayur Kamat, the Global Head of Product and Design, resigns from his role. Kamat’s departure is the latest in a series of executive exits in recent months. A spokesperson for Binance confirmed Kamat’s resignation in an emailed...

Binance will delist BUSD as a loanable asset on September 6 and will suspend withdrawals of Binance-pegged BUSD tokens via BNB Chain, Avalanche, Polygon, and Tron on September 7. Renowned crypto exchange Binance has officially announced its decision to discontinue support for its native stablecoin, Binance USD (BUSD), by February 2024. Paxos’ Role in Binance’s Decision The decision to phase out BUSD support is closely tied to developments involving Paxos, the company responsible for...

CoinspeakerBinance Japan Unveils Domestic Expansion Strategy Meanwhile, Binance Japan will also be looking to leverage the country’s revised Payment Services Act. Under the Act, stablecoins backed by legal tender are recognized as an “electronic payment method”. Binance Japan Unveils Domestic Expansion Strategy

CoinspeakerBinance Removes P2P Support for Banco de Venezuela Binance discontinues support for Venezuela's Banco de Venezuela to avoid sanctions violations, following similar actions with Russian banks. Binance Removes P2P Support for Banco de Venezuela

CoinspeakerBinance Taps into Low-Cap Crypto Projects to Boost Platform’s Trading The exchange has also inquired about the market makers' information and their willingness to allocate up to 5% of their circulating tokens to Binance's saving pools, in exchange of earning interest. Binance Taps into Low-Cap Crypto Projects to Boost Platform’s Trading

CoinspeakerBinance to Suspend Crypto Debit Card Services in Latin America, Middle East Like other debit cards, the crypto debit card is a brainchild of Binance that allows its users to pay for day-to-day goods and services, using funds from their loaded crypto assets. Binance to Suspend Crypto Debit Card Services in Latin America, Middle East

CoinspeakerBinance Counters SEC’s Discovery Requests by Seeking Protective Order SEC's requests have not been limited to the discovery of Binance's custody, security and availability of customer assets alone. Binance Counters SEC’s Discovery Requests by Seeking Protective Order

CoinspeakerBinance Lists CyberConnect (CYBER) and Sei (SEI) Tokens, Set to Begin Trading within 24 Hours CYBER's initial circulating supply is expected to be 11,038,000. Binance Lists CyberConnect (CYBER) and Sei (SEI) Tokens, Set to Begin Trading within 24 Hours