Binance Facing New Class Action Lawsuit
Another class action lawsuit against Binance Exchange and CEO Changpeng “CZ” Zhao is pending because of an unhealthy FTX game. Another class action lawsuit has been filed against cryptocurrency exchange Binance Holdings Ltd. and its CEO Changpeng ‘CZ’ Zhao, for allegedly contributing to the demise of its main rival, FTX Derivatives Exchange. According to a […]
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 […]
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 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 […]