Tag Archives: Binance

The world’s leading cryptocurrency exchange continues to tailor its product suite in a way that caters to customer protection regulations. In a recent announcement, the exchange revealed that users from Hong Kong “will not be able to open new derivatives products accounts,” with immediate effect. Moreover, “with effect from a date to be announced in a later notice,” remaining Hong Kong users will have a 90 days grace period to effectively close their currently opened...

Just a few days after filing a motion to receive access to “obtain international discovery” of records belonging to Binance, US Magistrate Judge Sarah Netburn has approved Ripple’s request. The documents should shed some light on the company’s XRP sales made on the exchange. Through its legal team, Brad Garlinghouse, the CEO of Ripple, filed a motion in the Southern District of New York on Monday (August 2nd) to request documents relevant to the ongoing legal case against the...

The Ethereum blockchain is scheduled to undergo the London hard fork, and several exchanges are taking precautions to ensure users’ funds remain secured once the hard fork is successfully deployed.  At block height 12,965,000, estimated to take place tomorrow (August 8th, 2021), Ethereum was scheduled to undergo the hard fork, and two scenarios are likely to occur; either the chain is split, and there’s a competing network with a new token or no new token is created, and most...

Leading digital currency exchange Binance – arguably the biggest cryptocurrency trading platform in the world – is taking heavy action against unverified users. Binance Moves Towards Limiting Unverified Customers In a series of tweets, Changpeng Zhao – the company’s CEO – announced that Binance would be limiting how much money customers can remove or withdraw from their accounts daily, granted they have not gone through the verification process with the exchange. Zhao...

Leading cryptocurrency exchange Binance has completed the integration of Polygon mainnet to support deposits and withdrawals of the mainnet token of the Ethereum-scaling network.  Binance Now Supports MATC Mainnet Token According to a press release shared with CryptoPotato on Friday, Binance users will now be able to make deposits and withdrawals with the MATIC mainnet token.  They will also be able to utilize several DeFi dApps such as SushiSwap, Aave, Curve, and Balancer,...

The world’s leading cryptocurrency exchange has announced that it will cease providing futures and derivatives products in three European countries. Users from the Netherlands, Italy, and Germany have three months to close their positions. According to an announcement from July 30th, customers from the aforementioned countries cannot open new futures accounts on Binance with “immediate effect.” Those who already have registrations and have opened derivatives positions will...

Binance NFT marketplace and the Saint Petersburg-based State Hermitage Museum joined forces to create and release a limited edition of non-fungible tokens with digital copies of world-known masterpieces. The collection will consist of works by Vincent van Gogh, Leonardo da Vinci and many more. NFT Copies of Renown Paintings The cryptocurrency exchange Binance announced that it would partner up with one of the largest Russian museums – the State Hermitage Museum – to issue...

Despite its recently rocky relationship with global regulators, leading cryptocurrency exchange Binance has revealed that its U.S.-based division, Binance US, is considering going public. Binance US Considers IPO Changpeng Zhao (CZ), founder and CEO of Binance, made this known at the ReDeFiNE Tomorrow 2021 blockchain virtual conference. Speaking on the future plans and the regulatory issues that his exchange has been facing, CZ hinted that Binance US is looking to go public...

Die Bitcoin-Börse Binance weitet ihr Angebot auf Aktienhandel aus Mastercard und Visa bestätigen die Zusammenarbeit mit Binance. Das Kryptounternehmen stand zuletzt wegen Nichteinhaltung regulatorischer Vorgaben in der Kritik, gelobt nun jedoch Besserung. Visa und Mastercard bestätigen Binance-Kooperation Die Handelsplattform Binance stand jüngst stark in der Kritik und musste...

Binance announced earlier on July 16th that it has “effective immediately” halted one of the most recently-released services – trading digital tokens representing equity stocks. This comes amid the exchange’s regulatory issues in numerous countries. CryptoPotato reported in April 2021 when the leading cryptocurrency exchange added support for a new product enabling its users to interact with fully-backed digital tokens representing equity stocks. After initially adding...