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Tag Archives: Exchange News

Binance Ceases All Trading of Privacy Coins

Binance – the world’s largest and most popular digital currency exchange in the world – has announced it’s pausing all trading of privacy-centered cryptocurrencies indefinitely. Binance Says No More Privacy-Focused Trading At the time of writing, Binance customers will no longer be able to trade or invest in a wide array of anonymous coins focused on full user privacy. The names include Decred, Secret, Verge, BEAM, Monero, Firo, and Zcash, to name a few. Binance...

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Binance Australia was Selling Very Cheap BTC Last May

The Australian division of Binance, the world’s largest and most popular digital currency exchange, caused analysts and observers to raise eyebrows in the latter half of May when the firm began selling bitcoin at a huge discount. Binance Australia was Practically Giving Away BTC During that time, bitcoin was trading between $27,000 and $28,000 on most platforms, though the Australia division of Binance caught everyone off guard when it began selling units for...

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Sam Bankman-Fried Likely to Face All Charges, Prosecutors Say

Not long ago, Sam Bankman-Fried – the former crypto billionaire behind the now fallen digital exchange FTX – said he was requesting that as many as ten separate criminal charges he’s facing be thrown out. However, prosecutors describe this motion as “meritless,” and say they’re not only going to pursue all charges, but that it’s likely he’ll face penalties for many of them. Sam Bankman-Fried Isn’t Getting off that Easily Right now, among the many criminal...

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The Gemini Exchange is Relocating to Ireland

The Gemini exchange in New York is relocating to Dublin, Ireland, and joins a growing list of digital currency exchanges and related companies leaving the U.S. either due to complicated regulations or persecution from agencies like the Securities and Exchange Commission (SEC). The Gemini Sets Its Sights on the Emerald Isle The crypto industry in the U.S. has been under heavy scrutiny from organizations like the one mentioned above. Its head, Gary Gensler, has gone...

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Binance Faces Accusations that It Mixed Customer and Company Funds

Binance – the largest and most popular digital currency exchange – is in hot water again after former insiders alleged that the exchange combined funds from customers with those of the company. What Did Binance Do? In what could be argued as taking a page out of the FTX playbook, Binance is accused of not keeping customer and company funds separate. This would be a breach of U.S. financial rules. Binance has denied any wrongdoing. One of the insiders claims that...

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Leticia James and Coin Cafe Settle for More Than $4 Million

Leticia James – the attorney general of the state of New York – has sued ANOTHER digital currency company, and it appears she’s gotten her way. At the time of writing, Brooklyn-based cryptocurrency firm Coin Café has settled with James for roughly $4.3 million. Leticia James Sues Another Crypto Enterprise The money will serve as restitution for investors that James says were defrauded by the company. It was initially alleged that Coin Café was a free platform to...

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Coinbase Says “Sorry” for Harsh Words Towards $Pepe Token

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Paul Grewal – the chief legal executive of Coinbase, arguably the biggest and most popular crypto exchange in the U.S. – has made a public apology to the creators of a new meme token called $pepe for claiming the image associated with the token has largely been tied to alt-right hate groups. Coinbase Issues...

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Former Coinbase Employee to Serve Two Years in Jail

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Former Coinbase product manager Ishan Wahi will serve two years behind bars after he took part in a crypto-based insider trading scheme. Former Coinbase Manager Heading to Prison As a former employee of one of the world’s largest and most renowned crypto trading platforms, Wahi gained access to specific...

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Sam Bankman-Fried Wants 10 Criminal Charges Tossed Out

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Sam Bankman-Fried – the former head of the digital currency exchange FTX, which collapsed into a burning heap of bankruptcy and fraud last November – is asking the judge overseeing his case to dismiss most of the criminal charges against him. Bankman-Fried Seems to Imply Things Are Rigged Against Him Right now,...

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Binance Halted Withdrawals in Mid-May; BTC Temporarily Fell

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin endured a bit of a dip in mid-May when it was announced that Binance would briefly halt all withdrawals and deposits due to ongoing congestion and traffic. Binance Came to a Standstill (so Did BTC) Bitcoin had been trading in the $29,000 range prior, and there were many analysts out there who felt the...

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