Binance

Binance Retains Leading Position Among Crypto Exchanges Despite DOJ Fiasco

Binance Retains Leading Position Among Crypto Exchanges Despite DOJ Fiasco

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TL;DR Despite recent troubles, including a $4.3 billion fine settlement with the US DOJ and a leadership change with CEO Changpeng Zhao resigning, Binance maintains its position as a leading cryptocurrency exchange with a market share of almost 50%. Binance’s market share briefly dropped to nearly 40% following these regulatory issues, but the exchange continues …

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Binance Listing Curiosity: Is the Exchange Switching Tactics?

Binance Listing Curiosity: Is the Exchange Switching Tactics?

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TL;DR Binance is seemingly adopting a new strategy by listing certain assets for futures but not spot trading. The exchange recently settled a $4.3 billion fine with the US DOJ and underwent a leadership change, with Richard Teng replacing CEO Changpeng Zhao. Binance’s recent delisting of several cryptocurrencies, including BitShares and Tornado Cash, due to …

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Binance Responds to Uncertainty Over 5 Million ORDI Discrepancy in BRC-20 Token Balances

Binance Responds to Uncertainty Over 5 Million ORDI Discrepancy in BRC-20 Token Balances

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An X user recently identified discrepancies in Binance’s BRC-20 ORDI balances caused by inconsistent indexing. On the UniSat indexer, Binance possesses 7.239 million ORDI, while the Ordiscan index reflects a holding of 2.293 million ORDI. This variance amounts to approximately five million. Discrepancies in BRC-20 ORDI Balances on Binance BRC-20 ORDI, an experimental token built …

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Here’s When Binance Will Stop Russian Ruble Deposits

Here’s When Binance Will Stop Russian Ruble Deposits

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Cryptocurrency exchange Binance has announced the suspension of Russian ruble (RUB) deposits starting from November 15, 2023. This decision by the company comes following its recent announcement regarding the sale of its entire Russian business to CommEX. In a November 10 announcement, Binance said it would be stopping Russian RUB deposits as of 00:00 on …

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Binance Will Delist 23 Trading Pairs, Shiba Inu and Dogecoin are Affected

Binance Will Delist 23 Trading Pairs, Shiba Inu and Dogecoin are Affected

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TL;DR Binance announced it will delist 23 margin trading pairs, including prominent ones like ADA/BUSD and the memecoins DOGE/BUSD and SHIB/BUSD, on November 9, with automatic closure and settlement of positions for these pairs. The delisted pairs are all denominated in BUSD, a stablecoin for which Binance will end support by early 2024, advising users …

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Binance is Reportedly Behind New Hong Kong Crypto Exchange Seeking License

Binance is Reportedly Behind New Hong Kong Crypto Exchange Seeking License

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Source: AdobeStock / prima91 Crypto exchange giant Binance seems to have connections with a newly established cryptocurrency trading platform in Hong Kong that has announced its intention to apply for a license in the city, according to a South China Morning Post report.  The trading platform, known as HKVAEX, was created in December 2022 and …

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Important Binance Update Concerning Shiba Inu (SHIB) and Dogecoin (DOGE)

Important Binance Update Concerning Shiba Inu (SHIB) and Dogecoin (DOGE)

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TL;DR Binance will delist 17 liquidity pools from its Liquid Swap by October 27, including pairs like DOGE/BUSD and SHIB/BUSD, but Binance Spot remains unaffected. Despite delistings, Dogecoin and Shiba Inu prices remain strong, reflecting the overall positive crypto market trend. BitMEX also delisted pairs, including FLOKI/USD, but Floki Inu’s value has seen a significant …

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Binance France Director Steps Down Amid Ongoing Senior Leadership Exits

Binance France Director Steps Down Amid Ongoing Senior Leadership Exits

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Source: AdobeStock / Iryna Budanova Binance France’s general manager has decided to step down from her role after one year and six months, adding her name to the list of senior executives to leave the largest crypto exchange this year. On October 18, Binance France’s Executive Director and Deputy CEO, Stéphanie Cabossioras, has step down …

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Binance Set to Temporarily Cease Onboarding New Customers Following an FCA Restriction on UK Partner

Binance Set to Temporarily Cease Onboarding New Customers Following an FCA Restriction on UK Partner

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Source: Binance Binance will temporarily shut its doors to new customers in the UK. This follows a restriction on the exchange’s operating partner in the UK by the Financial Conduct Authority (FCA).  According to an announcement by the exchange on October 16, 2023, crypto traders and investors who have not registered with the trading platform …

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