Binance to Stop Crypto Margin Trading, Earn Related Services
On June 13, Binance announced scheduled system changes that will affect Margin and Select Earn products. As a result, certain services will be temporarily unavailable during the upgrade period from 06:00 to 07:00 UTC. To ensure user safety and prevent liquidation risks, Binance will suspend trading, borrowing, repayment, and fund transfers between Margin wallets and […]
SEC Chair Offers to Serve as Advisor to Binance – Report
Amidst the SEC-Binance lawsuit, Binance’s attorneys have revealed that the Chairman of the Securities and Exchange Commission, Gary Gensler, had offered to serve as an advisor to the crypto exchange in 2019. According to documents filed by the SEC on Wednesday, attorneys from two of Binance’s law firms, Gibson Dunn and Latham & Watkins, allege […]
Binance’s Gopax Acquisition Delayed by SEC Lawsuit
Binance’s plan to buy a South Korean crypto exchange Gopax faces regulatory hurdles due to the SEC lawsuit against the global crypto giant. In February 2021, Binance announced that it had acquired a majority stake in Gopax and that it was spending funds from its industry recovery initiative on the acquisition. Binance and its partners […]
Binance Debuts Bitcoin NFTs Amidst SEC Lawsuit
Just one day after the U.S. SEC filed a lawsuit against them, Binance swiftly added bitcoin non-fungible tokens (NFTs) to its marketplace. The marketplace offers a variety of collections. These include BTC DeGods, Bitcoin Bandits, Bitcoin Frogs, Bitcoin Pizzas, and Bitcoin Punks, with over 25 collections of Bitcoin NFTs available. Bitcoin-related NFTs have gained significant […]
NFT Mogul Transfers Millions of NFTs to Support Binance
Machi Big Brother announced the transfer of their BAYC and MAYC NFTs to Binance in a move that surprised the cryptocurrency community. In response to recent legal actions taken by the US Securities and Exchange Commission (SEC), the Binance community intended the action to demonstrate its support. NFT Whale Supports Binance According to Etherscan, Machi […]