Binance Announces Exit from Russia, Sells Business to CommEX
Binance, a leading cryptocurrency exchange, has decided to pull out of the Russian crypto market completely. A new rumor claims that Binance intends to withdraw from the Russian market. Significantly, the action involves selling CommEX, a freshly launched cryptocurrency exchange, the whole Russian business section. The changeover should be simple for Russian-based Binance users. The […]
Binance France Reportedly Struggles to Find Banking Partner
After losing its euro banking partner, Paysafe, Binance France has suggested that its customers promptly convert all fiat currency on the exchange into cryptocurrency, for lack of an immediate banking partner. The partnership between Paysafe and Binance France ended on September 25. The latter provided infrastructure for euro deposits and withdrawals via SEPA bank transactions […]
CZ Authorizes Binance Security to Track Huobi HTX Stolen Assets
HTX took a proactive stance to mitigate potential harm by providing a “white-hat bonus” equivalent to nearly $400,000, which constituted 5% of the funds that had been drained. Shortly after HTX, the cryptocurrency exchange formerly known as Huobi reported a hacking incident resulting in an $8 million loss, Binance CEO Changpeng “CZ” Zhao offered the […]
Binance Announces Elimination of 57 Spot Trading Bots
Binance will stop offering Spot Trading Bots services for trading pairs including AAVE/BNB and ZIL/BNB as of September 29. The news is made amid stories about declining Binance trading volumes, which are attributed to legal issues and the loss of zero-fee commissions . 57 down, with possibly more to come on the Binance website, a […]
Binance Wallet Incurs Nearly $1M in ETH Gas Fees
Binance reportedly stated that they were aggregating user wallets to guarantee the security of user funds. A Binance-affiliated cryptocurrency wallet has expended 530 Ether. Etherscan, a blockchain data explorer, reports that approximately $843,797 in gas fees were paid in 24 hours. On September 21, gas fees on the Ethereum network increased from a minimum of […]