Monthly Archives: June 2023

The Decline of Binance’s Market Share The market share of the world’s leading cryptocurrency platform, Binance [BNB], has been heavily impacted by increased regulatory scrutiny not only in the United States but across several countries. According to data from research firm Kaiko, Binance’s spot trading market share stood at 55.9% in June 2023, reaching a[Read more…]

The Impact of Regulatory Actions on Binance Coin The latest regulatory action against Binance took place in Belgium, where the country’s leading financial regulatory authority demanded an immediate halt to Binance’s services for local customers. This regulatory trend, if it continues, could have a significant negative impact on Binance Coin’s usage, adoption, and ultimately its[Read more…]

The Binance conundrum in Belgium According to recent developments, Binance [BNB] has reached a crossroads in Belgium, facing potential withdrawal due to new government regulations. As pressure continues to mount on the world’s largest exchange, what consequences will this have on BNB? Belgium’s leading regulatory authority, the Financial Services and Markets Authority (FSMA) has delivered[Read more…]

The ongoing legal battle between Binance and SEC The ongoing legal battle between Binance[BNB] and the U.S. Securities and Exchange Commission (SEC) has had a profound impact on both the cryptocurrency exchange and the broader crypto market. The SEC’s allegations against Binance included claims of listing unregistered securities and offerings. However, Binance, along with its[Read more…]

The Director of Binance Brazil Facing Potential Summon in Brazilian Parliament The Director of Binance Brazil, Guilherme Haddad, might be summoned before the Brazilian parliament over an investigation into the alleged pyramid schemes being run in the country. The request for summon was made today by congressman Alfredo Gaspar and will be voted next Tuesday.[Read more…]

United States Crypto Exchange Binance.US Resolves USD Withdrawal Issues United States crypto exchange Binance.US has informed customers that it has successfully resolved its U.S. dollar withdrawal issues after working closely with its banking partners. However, the exchange also warns that this relief may be temporary. The reportedly independent subsidiary of crypto exchange Binance released an[Read more…]

Lawyers Accuse SEC of Making Misleading Statements Lawyers representing United States-based crypto exchange Binance.US, global exchange Binance Holdings Limited, and Binance CEO Changpeng “CZ” Zhao have filed a motion alleging the U.S. Securities and Exchange Commission (SEC) misled the public in statements issued over an ongoing securities lawsuit. Allegations of Misleading Statements In a June[Read more…]

Binance Undergoes Investigation in Brazil Deputy Alfredo Gaspar, a member of the Brazilian Chamber of Deputies, has requested the summoning of Guilherme Haddad, the director of Binance Brazil, to appear before the Brazilian parliament as part of an ongoing Parliamentary Commission of Inquiry (CPI) investigation into alleged pyramid schemes in the country. The June 21[Read more…]

Binance Embraces Bitcoin Lightning Network to Enhance Transactions Binance, the world’s largest cryptocurrency exchange, has made an important announcement on Twitter regarding a significant enhancement that could revolutionize how the platform handles large volumes of transactions in the future. The crypto behemoth confirmed that it is actively working on enabling the Bitcoin Lightning Network for[Read more…]

Introduction Global cryptocurrency exchange Binance has announced the launch of a regulated digital asset platform in Kazakhstan. This strategic move comes as Binance faces increasing regulatory challenges in Western countries. Launch Event and Approval The official launch of the new platform was unveiled at a press event held on June 20, 2023. The event witnessed[Read more…]