Binance Spot Trading Volume Declines Consecutively for 7 Months
Binance exchange has continued to lose market share due to ongoing regulatory issues in the United States, with evidence in spot trading volume reportedly declining 7 months in a row. Binance’s spot market share declined for the seventh consecutive month in September 2023, Bloomberg reported on October 5, citing CCData’s analysis. According to the report, […]
Binance, Royal Thai Police Partner to seize $277M From Scammers
Binance stated in a press release that they collaborated with Royal Thai Police to disrupt the criminal organization by providing intelligence, and over 3,000 victims of the alleged crypto scammers have filed for compensation claims. The operation, which had the codename “Trust No One,” resulted in the apprehension of five alleged key syndicate members and […]
Binance Advises Euro-to-USDT Conversion For Paysafe Users
Binance’s European debanking problems persist as it continues to encourage Paysafe users to convert their euros to digital dollars. After losing the support of its banking partner, Binance has exhorted users to convert their euros into Tether USDT before the end of October. On September 28, Binance urged European Paysafe users to convert their EUR […]
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 […]
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 […]