Tag Archives: Binance

Binance – the largest and most popular digital currency exchange in the world – has hired a new deputy chief compliance officer (CCO) and global money laundering reporting officer. The positions will be taken over by Kristen Hecht, who according to a recent blog post, has more than 17 years of experience fighting both financial terrorism and illicit monetary activity. Binance Now Has Kristen Hecht Aboard Hecht expressed her excitement about the job in a recent...

Aditya Baradwaj, a former engineer at the bankrupt cryptocurrency trading firm Alameda Research, has revealed that the company was behind bitcoin’s 87% plunge in 2021. Baradwaj explained the events that led to the sudden drop, saying the incident was a result of a work philosophy established by Alameda’s co-founder Sam Bankman-Fried (SBF), which maintained that the utility gained by moving fast outweighed the occasional costs paid due to a poor risk management system. Alameda...

The price of the native token of the layer-2 scaling solution Immutable X – IMX – has skyrocketed by over 35% in the past 24 hours. The reason behind the impressive increase remains unknown. However, Lookonchain observed that some investors had accumulated substantial amounts of the asset. IMX has recently jumped above $0.76, a valuation last seen at the beginning of August. The coin slightly retraced in the past few hours and currently stands at around $0.71 (per CoinGecko’s...

It is safe to say that Binance US – the American subsidiary of the world’s leading cryptocurrency exchange – has passed through turbulent times, witnessing considerable customer withdrawals and diminished trading volume in the past several months. According to the market data provider Kaiko, weekly trade volumes on the platform have recently plunged to a mere $40 million (a 99% decrease compared to the nearly $5 billion registered in March when the crypto industry showed...

The trading volume of the fifth largest cryptocurrency by market capitalization – XRP – has spiked by over 90% in the past 24 hours, whereas other indicators, such as the asset’s futures long/short ratio, have also headed north. Those are considered bullish factors, indicating that traders believe the coin’s price could soon start rallying. XRP on a Pole Position The cryptocurrency market has shown signs of serious revival lately, with the prices of most assets spiking to...

Das Fintech-Ökosystem und die Bitcoin-Branche haben in den letzten Jahren rasant an Bedeutung gewonnen. Nicht nur haben sie die Art und Weise, wie wir über Geld denken und es verwenden, verändert, sondern sie bieten auch eine Vielzahl von Vorteilen für neue Nutzer. Viele dieser Unternehmen versuchen, neue Kunden mit attraktiven Willkommensboni zu locken. Hier sind sieben Unternehmen im Bitcoin- und Fintech-Bereich, die derzeit Willkommensboni...

The US Securities and Exchange Commission (SEC) has claimed that Binance has failed to provide sufficient documentation despite previously agreeing to expedited discovery. BAM, the organization responsible for Binance’s US affiliate, has submitted approximately 220 documents. However, the SEC’s legal representatives have alleged in a new filing that many of these documents consist of “unintelligible” screenshots and lack essential dates or signatures. Binance-SEC Courtroom...

Binance CEO Changpeng Zhao (CZ) published a tweet re-encouraging followers to “ignore FUD” – this time surrounding rotating management at his exchange’s U.S. subsidiary, Binance.US. The statement follows three executive departures from the exchange this week, mimicking earlier, similar behavior from top brass at the international exchange. In his tweet, CZ noted speculation regarding recent management changes at Binance.US, one of which included the exit of CEO Brian Shroder...

The price of Curve DAO (CRV) tokens briefly fell below $0.40 on Wednesday as over-the-counter (OTC) transfers made by the DeFi project’s founder, Michael Egorov, were later transferred to Binance. As reported by blockchain security firm PeckShield, one of Egorov’s counterparties from last month. transferred 609,000 CRV tokens to Binance on Wednesday. When investors send funds to exchanges, analysts generally view this as reflecting an intention to sell. The counterparty...

Binance continues delisting certain cryptocurrencies. It’s the world’s largest cryptocurrency exchange, and it’s important to keep tabs on the coins that are being removed from it because this usually carries certain implications. The exchange doesn’t cite the exact reason for its decision but says that there are multiple factors, low liquidity, and trading volume being among them. This time, Binance will remove and cease trading for the following pairs: At 03:00 UTC, the...