Tag: Binance

Bitkub Capital Group Holdings, the parent firm of Bitkub, Thailand’s largest cryptocurrency exchange, has unveiled plans to launch an initial public offering (IPO) in 2025, according to CEO Jirayut Srupsrisopa in a recent interview with Bloomberg.

So, it has finally occurred. Sam Bankman-Fried, known by many as a dubious character, has been handed a prison sentence of 25 years. While some may argue it’s not enough, it’s a significant development nonetheless. The entire cryptocurrency community has been abuzz with a sense of relief and vindication over the past twenty-four hours. This event led me to ponder another figure in the crypto realm whom the U.S. legal system has its sights set on – Changpeng “CZ” Zhao.

Binance, a major cryptocurrency exchange, has revealed plans to eliminate two spot trading pairs as part of its ongoing commitment to upholding a high-quality trading environment and safeguarding its users. Specifically, the GNS/BTC and XVG/TUSD trading pairs will be delisted from Binance Spot.

Following legal challenges in the Philippines, Binance, the main cryptocurrency exchange, is experiencing a chaotic moment as consumers hurry to dump their holdings at huge discounts. Meanwhile, the recent prohibition by the country’s Securities and Exchange Commission (SEC) has sparked a surge of activity among Binance investors, with reports showing significant USDT discounts and concerns about expensive on-chain costs.

Binance, one of the leading cryptocurrency exchanges, has stopped allowing USDC (USD Coin) deposits and withdrawals over Tron’s TRC20 protocol. This is a significant cryptocurrency shift. This decision follows Circle’s decision to discontinue support for USDC on the Tron network. Tokens cannot be added to Binance accounts utilizing TRC20 after 2:00 a.m. UTC on April 5, 2024.

Binance, one of the leading cryptocurrency exchanges, made an unexpected move by listing Book of Meme (BOME) for spot trading on March 16, 2024, at 12:30 (UTC). This action by Binance is notable due to the rarity of spot listings following futures, which typically take longer to materialize. The sudden listing of BOME led to a significant surge in its value, with the MEMECOIN experiencing a remarkable 243% increase in 24 hours.

Leading cryptocurrency exchange Binance has quietly set off its startup investing department, Binance Labs, as a separate company. The move comes amid regulatory efforts and changes in leadership at the cryptocurrency exchange.

According to a report by the Financial Times on Tuesday, Nigerian authorities have demanded that Binance, the largest cryptocurrency exchange, produce information on its top 100 Nigerian customers, as well as its full transaction history for the previous six months. Nigeria may seek a $10 billion punishment from Binance as revenge, claiming that they “really messed up” the local economy. According to the police, the cryptocurrency exchange facilitated “illegal transactions” at the expense of the government.

Bitcoin surged to a new all-time high, reaching $71,658 on the Binance exchange, with CoinMarketCap data showing a 3% increase in the past 24 hours and a 10% rise over the week.

Following Bitcoin’s surge past the all-time high of US$70,330, Binance’s future data reveals a swift downturn, with the cryptocurrency plummeting to US$67,600. The sudden drop triggered a significant wave of liquidations across the network, totaling nearly US$100 million within just one hour.