In the ever-fluctuating realm of the crypto sphere, northern lights are not uncommon. But sometimes, one star shines brighter than the rest, altering the nighttime landscape of the financial sphere. That star today is Binance with its Copy Trading introduced on October 9, 2023.
Following the FTX incident, Binance opted for transparency to maintain the trust of its hundreds of millions of users. Thus, in November 2022, the crypto giant engaged Mazars, an international auditing firm, to facilitate access to reliable data concerning customers' holdings in BTC, ETH, USDT, and more. In early October, Binance released its 11th Proof-of-Reserves (PoR) report. Details follow.
Before November 2022, no one expected the American crypto exchange FTX, valued at over $32 billion, to meet such a tragic end. Colossal losses for the company, its creditors, and its founder Sam Bankman-Fried, investments worth thousands, if not hundreds of thousands, of dollars lost for its creditors (including individuals and institutions), plummeting cryptocurrency prices (Bitcoin, Ethereum, etc.). The toll is heavy. Now that the fallen young CEO of FTX is summoned to court to answer for his actions, we share some details that will send shivers down your spine.
An expert recently insinuated that the Binance exchange may have contributed to the downfall of the high-profile FTX exchange, a story that has been making headlines. This allegation has sent shockwaves through the crypto community, prompting responses from John Deaton, Ripple's lawyer, and Changpeng Zhao (CZ), the founder of Binance.
Did Binance exacerbate the situation as FTX showed signs of fragility? That's what Nir Lahav and his group believe, and they didn't hesitate to file a class-action lawsuit accusing CZ and Binance of contributing to their competitor's downfall through their November tweets.
A New Twist in the FTX Saga! Less than 24 hours before the start of his trial, Sam Bankman-Fried, the former CEO of the crypto exchange, is once again implicated in a suspicious affair. The fallen crypto king allegedly considered preventing Donald Trump from running in the presidential elections. And SBF was reportedly willing to dig deep into his pockets to buy the American statesman, according to the latest revelations.
It's truly the end! Binance and PaySafe are now heading in opposite directions. But after the contract expiration, the cryptocurrency giant is struggling to find new banking partners in France. However, it appears that the crypto exchange may have found a solution to its problems.
No, it's not over yet! The ongoing dispute between Binance and the SEC seems far from reaching a resolution. However, it appears that BAM Trading and BAM Management, two entities of the crypto company, have been granted an extension to respond to court orders.
Bitfinex, a state-of-the-art digital asset trading platform, has announced a strategic integration with Zodia Custody, a leading digital asset custodian backed by Standard Chartered, SBI Holdings, and Northern Trust. The integration will allow Zodia Custody clients to trade on Bitfinex while their assets remain securely held…
Tourmentée par des dizaines de milliers de sanctions infligées par l’Occident, la Russie, bourreau de l’Ukraine, n’a de choix que de se tourner vers les cryptomonnaies et les technologies connexes. Rouble numérique, plateforme nationale d’échange de devises numériques, DAO… forment actuellement un bouquet d’alternatives pour rehausser une économie russe en plein plongeon. Sauf que les États-Unis n’ont pas l’intention de lui faciliter les choses, même avec les cryptos. Washington n’hésiterait pas à faire pression sur Binance pour couper le pont entre les Russes et les actifs numériques. Détails !
With over 100 million users, Binance easily claims the title of the world's largest cryptocurrency exchange. If CZ's exchange were to fall victim to the initiatives of U.S. regulators, others (Kraken, Coinbase, and the like) would melt away like snow in the sun. And apparently, the U.S. Department of Justice is preparing to launch an assault on this crypto behemoth with feet of clay.
Binance, the giant cryptocurrency exchange platform, is facing disruptions with its payment partner, Paysafe, in Europe. Some European users are experiencing difficulties in making euro withdrawals due to early closures initiated by Paysafe.
Huobi Global and Binance are two prominent crypto companies. In the crypto industry, rivalries are not uncommon. However, Binance CEO CZ remains sportsmanlike in the face of comparisons and extends a hand to his counterpart Justin Sun as his exchange falls victim to a hack.
Huobi has become a hacker's latest target! While the cryptocurrency exchange, now known as HTX, had a bright future ahead of it, an unfortunate event has disrupted its day-to-day operations. However, things should be less difficult to deal with as the identity of the hacker is not unknown.
After complying with the FSMA's decision, the Belgian regulator for cryptocurrencies and finance, Binance had to suspend its activities in the country back in June. Three months later, the world's largest cryptocurrency exchange announces a triumphant return to Belgium. What has changed since then? Let's delve into it.
In an environment where crypto regulation is tightening and legal battles are intensifying, Binance, the world's leading exchange platform, is facing challenges in several jurisdictions. We had the opportunity to interview David Prinçay, CEO of Binance France, to find out more about the current situation.
Recently, the CEO of Binance stepped up to defend his highly popular cryptocurrency exchange. According to the latest news, Changpeng Zhao, aided by Binance.US lawyers, has asked the court to dismiss the US SEC's lawsuits. Let's break it down!
Given its trajectory, the legal battle between Binance and the SEC is expected to persist, akin to the Ripple case. The Securities and Exchange Commission appears to have multiple strategies at its disposal, while Binance remains resolute. Recently, its CEO, Changpeng Zhao (CZ), defended his cryptocurrency exchange on X (formerly Twitter). Here are the key points:
There will be some rumblings in the crypto industry in the next few days. Because if approved, FTX will liquidate a large number of its digital assets. There's talk of a plan to sell $200 million in cryptocurrencies. Something to keep an eye on!
A recent data analysis reveals that bitcoin reserves held by several exchanges are falling sharply. This trend could have major implications for the crypto market. In particular, exchanges could soon run out of liquidity and see their trading volumes plummet.
Do you have liquidity on Binance Liquidity Swap? Binance has just decided to remove a total of 39 liquidity pairs from its Binance Liquidity Swap platform. The list includes PEPE Coin pairs, despite the crypto's astronomical price growth in 2023. Back to the specifics of this decision.
Binance is currently experiencing a number of setbacks. Some are regulatory, others financial. Against this backdrop of uncertainty, the crypto platform wants to bank on improving its BNB Smart Chain blockchain.
COIN: A Founder's Story is a documentary directed by Emmy Award-winner Greg Kohs. It tells the story of the creation of Coinbase, the world's first publicly listed cryptocurrency company. The film follows Coinbase's founders, Brian Armstrong and Fred Ehrsam, from the beginning of their adventure to the company's listing on the stock exchange.
Coinbase CEO Brian Armstrong said the SEC asked the platform to remove any assets other than Bitcoin from its list. All crypto assets except Bitcoin were, in fact, securities and had to be removed from the list, the regulator said. According to Armstrong, accepting this request would lead to the end of the crypto industry.
Binance, the world's largest crypto exchange platform, will be listing the very first digital dollar. For this occasion, find out everything there is to know about FDUSD, from its creator to how it works, and all the benefits the CZ-based company has to offer.
The Ripple VS SEC case has undeniably left its mark on the crypto market. The case has taken a new twist, with Judge Analisa Torres ruling in favor of the crypto company. Even if this is only a partial victory, Ripple intends to take advantage of this opportunity to broaden the prospects for XRP adoption.
At a time when FUD is reaching its peak in the cryptosphere, Binance has announced a voluntary interruption of some functionalities linked to Market orders. Although the company has promised to resolve the problem immediately, some crypto investors are in doubt.
Ripple's battle with the SEC came to an end last week. While the settlement company must feel relieved, the regulator hasn't said its last word. If CEO Gary Gensler's statements are anything to go by, it's not all over yet.
The SEC, often known for its outbursts against companies operating in the crypto market, has just made a big decision. The American regulator has just accepted BlackRock's application for a Bitcoin exchange-traded fund (ETF). This decision could mark a new turning point in the institutional adoption of bitcoin (BTC).
While networks are renowned for their security, this doesn't always prevent malicious individuals from circumventing it. Once again, Poly Network has been targeted by an attack that has compromised numerous assets. As a result, its services may be temporarily interrupted.