Monthly Archives: June 2023

SEC and Binance.US Reach Temporary Accord on Asset Accessibility Binance, Binance.US, and the United States Securities and Exchange Commission (SEC) reportedly agreed on Friday, June 16, to temporarily limit access to customer funds exclusively to Binance.US employees. According to reports, the proposed agreement, pending approval from the overseeing federal judge, outlines measures for Binance.US to[Read more…]

US Court Approves SEC-Binance.US Agreement United States Judge Amy Berman Jackson approved on June 17 an agreement between Binance.US, Binance, and the Securities and Exchange Commission (SEC), dismissing a previous temporary restraining order (TRO) that would freeze all Binance.US assets. Judge Jackson said on June 14 she would prefer the parties reach an agreement on[Read more…]

Binance CEO Changpeng Zhao Denies Rumors of Selling Bitcoin to Bolster BNB Binance CEO Changpeng “CZ” Zhao has refuted accusations that Binance has been secretly selling Bitcoin (BTC) to artificially stabilize the price of its BNB (BNB) token. The rumors have come from several market commentators, including analyst Dylan LeClair and Swan Bitcoin CEO Cory[Read more…]

Global cryptocurrency exchange Binance exits Dutch market Global cryptocurrency exchange Binance has announced the termination of its services in the Netherlands. This decision comes after the exchange’s unsuccessful attempt to obtain a virtual asset service provider (VASP) license, resulting in their exit from the Dutch market. Immediate termination of services The termination of services is[Read more…]

The World’s Largest Crypto Exchange, Binance, Seeks Deregistration in Cyprus The crypto market has been buzzing with news surrounding Binance, the world’s largest cryptocurrency exchange, ever since it faced legal action from the U.S. Securities and Exchange Commission (SEC). In a recent development, Binance appears to be reconsidering its plans for Cyprus, as it has[Read more…]

Binance vs. SEC: Assessing the Impact on MATIC Binance’s US arm witnessed the largest withdrawal in 2023 when several tokens worth millions were removed from the exchange recently. Polygon (MATIC) topped the list as MATIC tokens worth around $64 million flowed out. The top withdrawing addresses seem to be fleeing to other CEXs like Binance[Read more…]

The U.S. Securities and Exchange Commission’s Legal Action Against Binance The U.S. Securities and Exchange Commission’s (SEC) legal action against Binance [BNB] has created ripples across the broader crypto market. One of the biggest victims of the entire episode has been Binance.US, the American arm of the crypto behemoth. According to digital assets data provider[Read more…]

Binance Requests Court to Reject SEC’s Restraining Order Binance [BNB] recently requested the court to deny the U.S. Securities and Exchange Commission’s (SEC) restraining order since it would effectively end the company’s business. As per a recent Bloomberg report, District Judge Amy Berman Jackson referred both the SEC and Binance to a magistrate judge to[Read more…]

Binance to Extend Collateral Holding Option to Traders Binance, the world’s largest cryptocurrency exchange, is reportedly considering a new plan that would enable some of its traders to store their trading collateral in traditional financial institutions instead of keeping it on the online platform. The main objective behind this proposal is to minimize counterparty risk.[Read more…]

Bitcoin Trades at a Discount on Binance.US after Major Announcement Bitcoin (BTC) traded at a slight discount on Binance.US during the 9th of June trading hours, following the exchange’s decision to suspend fiat trading channels beginning on the 13th of June, according to digital assets data provider Kaiko. This was in stark contrast to the[Read more…]