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Tag Archives: Binance

SEC und Binance schliessen provisorischen Deal

Binance und die US-Börsenaufsichtsbehörde Securities Exchange Commission haben nun eine Einigung in Bezug auf das von der SEC vorgeschlagene Einfrieren von Vermögenswerten von Binance erzielt. Damit soll sichergestellt werden, dass diese Vermögenswerte innerhalb der USA bleiben – eine Entscheidung, die bis zu einem endgültigen Urteil zur Klage der SEC aufrecht bleibt. 2,2 Milliarden Dollar an US-Kundengeldern Es stehen rund 2,2 Milliarden Dollar an...

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Binance.US Refutes SEC Claims About Mishandling User Funds

Binance’s U.S. subsidiary has challenged claims from the Securities and Exchange Commission (SEC) that the company mismanaged user assets as “misleading.” In a motion filed on Wednesday, the exchange pointed to contradictory statements from the regulator suggesting that customers’ assets have not, in fact, been transferred outside of the United States. The SEC’s Conflicting Statements In screenshots from a Wednesday filing later shared by Binance CEO Changpeng Zhao (CZ),...

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Binance Unveils Local Digital Asset Platform in Kazakhstan

According to the General Manager of Binance Kazakhstan Zhaslan Madiyev, the platform has joint forces with five regulatory bodies in the country. As always, the popular crypto exchange Binance is expanding its horizon by launching a regulated platform in Kazakhstan. The company announced the new local digital asset platform in the country on June 20th after receiving a go-ahead in October last year. At the Astana International Financial Center (AIFC) in 2022, the AIFC Financial Services...

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Ava Labs Unveils Game-Changing AI Assistant for Core Web Users

Ava Labs’ latest innovative approach reflects the company’s commitment to pushing the boundaries of the AI technology. Artificial intelligence (AI) has taken another foray into the cryptocurrency industry, the latest to embrace this cutting-edge technology is Ava Labs, the brains behind the success of Avalanche blockchain. The software development company recently unveiled its newest addition: AvaGPT, a generative AI assistant to enhance user experiences. In a lengthy Twitter thread on...

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Keep Building: Binance Starts Running Bitcoin Lightning Network Nodes

Following through on its promise in May, crypto exchange giant Binance confirmed on Tuesday that it has begun running multiple nodes on Bitcoin’s lightning network.  The exchange plans to leverage the layer-2 scaling solution to enable cheaper Bitcoin (BTC) deposits and withdrawals on its platform.  Binance resolved to integrate lightning after an explosion in memecoin / Ordinals popularity on Bitcoin in May, which triggered major blockchain congestion and drove up...

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Gemini Expands to Asia with Hub in Singapore: Strategic Move amidst Regulatory Challenges

Gemini highlighted their plans to diversify their customer base and reduce the dependence on the US market. Gemini, the US-based exchange of the Winklevoss Twins, has announced its plans to establish a center in Singapore as part of its future expansion into the Asian market. According to Gemini’s statement, the company intends to hire over 100 employees in the next 12 months to capitalize on the growth potential of cryptocurrencies in the APAC (Asia-Pacific) market. Gemini Expanding...

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Binance Denounces Entity Registered in UK, Issues Cease and Desist

Binance has confirmed it is not affiliated with a supposed branch in the UK after a Reddit post shared the exchange’s alleged UK address. Major crypto exchange Binance announced that it issued a cease and desist order to Binance Ltd in the UK. In a tweet from Binance’s official account, the exchange said the referenced company has no business with the company. The Binance tweet was in response to a Reddit post brought to Twitter, stating that the Binance office in the UK is a “utility...

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Binance Moves $3 Billion Worth of BTC to New Address

Despite the large amounts being removed, data suggests that Binance remains the exchange with the largest BTC balance. Top crypto exchange Binance has shared its recent move which saw it transfer massive amounts of Bitcoin (BTC) to a new blockchain address. According to the crypto firm, it recently moved at least nine figures worth of BTC but assures users of the safety of their funds. Per Binance, the funds are now safely tucked away in cold storage. Meanwhile, analytic firm...

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Binance’s BNB Smart Chain Unveils Scalability Solution opBNB Powered by Optimism

The combination of BSC’s strong ability and opBNB’s dedicated new features will make data access easier. In a major announcement on Monday, June 19, Binance-founded Layer-1 blockchain platform BNB Smart Chain (BSC) introduced a new scalability solution opBNB, with the goal of offering a seamless experience for users, developers, and projects on BSC. Binance unveiled the testnet on the very same day inviting testnet validators and dApp builders to try their hands. They noted that opBNB will...

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Binance Moves BTC to New Cold Wallet: Funds SAFU

Crypto exchange giant Binance has moved at least nine figures worth of its Bitcoin to a new blockchain address, the company announced on Monday.  The move has not affected the safety of user funds, which remain locked away with Binance in cold storage.  Massive Move From Binance’s Wallet According to data from Blockchain.com, Binance’s new cold storage wallet (as referenced by Binance) received 15,000 BTC at 05:47 am on Monday, worth $399 million.  The transaction included a...

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