In the last 24 hours, Binance and Coinbase have seen a combined net outflow of $597.2 million across all platforms. This information was obtained from data supplied by Nansen, a blockchain analytics firm. Nansen further broke down the data to show that Binance and its US subsidiary, Binance US, recorded a negative netflow of $491.9
Exchanges
Binance.US has been under investigation by the Securities and Exchange Commission (SEC) since last year. Recently, the regulatory body filed a complaint against the cryptocurrency exchange, which included testimony from two former CEOs of the company, Catherine Coley and Brian Brooks. The filings give insight into the challenges faced by the executives while leading Binance.US
Changpeng Zhao, the CEO of Binance, has denied the claims made by the US Securities and Exchange Commission (SEC) that one of his holding companies received $12 billion in US customer funds. The allegations were made in a court filing by the SEC, which cited a transfer of funds from Binance.US to a holding company
Binance US, a cryptocurrency exchange, has announced that it will be removing advanced trading pairs for over 100 crypto assets and pausing its over-the-counter trading portal. The exchange will remove USDT, BTC, and BUSD advanced trading pairs for digital assets such as Bitcoin Cash, Aave, ApeCoin, Uniswap, Zcash, and others. The removal will be effective
Binance, a leading cryptocurrency exchange, has obtained ISO 27001 and ISO 27701 certifications for information security and data privacy in France, United Arab Emirates, and Bahrain, according to a tweet by CEO Changeng ‘CZ’ Zhao on June 4. The certifications are evidence of high standards for user information security and data privacy across these countries,
According to Reuters, Guangying Chen, a top executive at Binance, controlled five bank accounts of the company’s independent U.S. subsidiary from 2019 to 2020. Bank records show that Silvergate Bank authorized Chen as the Primary Admin User of the accounts, including one that held American customers’ funds and an account for corporate clients. During this
Binance has announced that it will delist privacy coins for users in certain jurisdictions effective June 26. The crypto exchange said that it had reached out to affected users to inform them that they will no longer be able to purchase or trade privacy tokens on its platform after the aforementioned date. This move is
Binance’s recent announcement to delist certain privacy coins, including Secret (SCRT), Zcash (ZEC), and Dash (DASH), has caused backlash from the three projects. In response to the move, a representative from Dash argued that their network is not focused on privacy and that it is simply a fork of Bitcoin. They explained that all transactions
Binance CEO Changpeng Zhao has revealed that regulatory requirements were the reason behind the company’s withdrawal from the Canadian market. Binance announced on May 12 that it would be “proactively withdrawing from the Canadian marketplace” due to new crypto exchange regulatory guidance on stablecoins and investor limits. In an AMA Twitter Spaces, CZ gave a
Peer-to-peer cryptocurrency exchange, Paxful, has announced the appointment of Roshan Dharia as its interim CEO. Dharia, who previously served as a senior executive at TrustToken, will be tasked with strengthening operations and exploring strategic alternatives. In a statement, Dharia expressed his excitement about taking on the role and building on the innovative technology developed by