Binance Halt Support for 15 BUSD-Related Spot Trading Pairs
Binance is phasing out Binance USD (BUSD) trading pairs due to liquidity and efficiency problems to improve trading market quality and protect customers. Due to their frequent evaluation of listed spot trading pairs, low-liquidity and low-volume pairings may be delisted. In a recent announcement, Binance officially disclosed that it will discontinue several spot trading pairs […]
U.S. SEC Alleges Binance.US in $250M Suspicious Fund Transfers
The U.S. Securities and Exchange Commission (SEC) has expressed concerns about Binance’s questionable fund transfers, according to court records. In publicly released court documents , the SEC reported that on June 6, Binance CEO Changpeng Zhao withdrew $250 million from Binance.US Subsidiary BAM Management and subsequently transferred this sum to BAM Trading, the entity behind […]
U.S. Judge Disputes SEC Access To Binance.US Software
The SEC lost its lawsuit against Binance.US, the cryptocurrency trading platform. U.S. Magistrate Judge Zia Faruqui denied the SEC’s request for quick access to Binance.US’s software . Since June, the SEC has been pursuing a case against Binance.US, its international counterpart Binance Holdings Ltd., and CEO Changpeng Zhao. Throughout this period, the regulator has encountered […]
Binance Backs Horizen (ZEN) Hard Fork & Network Upgrade
Binance declares in two phases its support for the Horizen (ZEN) network upgrade and hard fork. Withdrawals and deposits will be temporarily halted. Binance has officially announced its endorsement of the forthcoming network upgrade and hard fork for Horizen (ZEN), which will unfold in two sequential phases. The initial phase will commence at block height […]
Binance CEO Addresses Rumors
Amid SEC and CFTC Lawsuits, Binance CEO Defends Brian Shroder’s Resignation as Normal, states that they are ‘taking a deserved break’. Changpeng Zhao (CZ), the chief executive officer of Binance Holdings, has refuted rumors about Binance’s departure. After a fruitful tenure with the company, US CEO Brian Shroder stated that he is “taking a well-deserved […]