Binance

Important Binance Announcement Affecting Brazilian Users: Details

Important Binance Announcement Affecting Brazilian Users: Details

TL;DR Binance will add two pairs to its Bots program, enabling direct trading against the Brazilian Real. On the other hand, it will delist several trading pairs, with some of the affected cryptocurrencies experiencing a brief price decline following the disclosure. The Upcoming Addition The leading cryptocurrency exchange will add BTC/BRL and USDT/BRL to the […]

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Important Binance Announcement Concerning These Trending Meme Coins: Details

Important Binance Announcement Concerning These Trending Meme Coins: Details

TL;DR Binance is adding new trading pairs and services to expand user options, with some restrictions for the residents of specific countries. The latest announcement has not led to substantial price increases for the involved cryptocurrencies, as the entire market remains covered in red. More Trading Options for Eligible Users The world’s largest crypto exchange

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Binance Prevents $2.4 Billion in Potential Losses from Scams in 2024

Binance Prevents $2.4 Billion in Potential Losses from Scams in 2024

Binance announced that it has prevented over $2.4 billion in losses from potential scams and fraudulent activities that could have impacted more than 1.2 million users from January to July 2024 owing to its risk management measures. According to the official press release shared with CryptoPotato, Binance employs an internal risk engine that provides 24/7

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Binance Agrees to $1.76M Settlement with Brazilian Authorities

Binance Agrees to $1.76M Settlement with Brazilian Authorities

Binance, the largest crypto exchange, has finally reached a settlement with Brazilian regulators for $1.76 million over unlicenced derivatives trading allegations. This comes after an investigation into the exchange, which lasted a year regarding its activities in Brazil. Binance’s Derivatives Trading Allegations The Brazilian Securities and Exchange Commission (CVM) asked Binance to halt its derivatives

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Binance Secured Over $73M in Stolen Funds from Hacks in 2024

Binance Secured Over $73M in Stolen Funds from Hacks in 2024

Binance has announced that its security team has successfully recovered or frozen more than $73 million in user funds from external hacks as of July 31 this year. This latest figure exceeds the roughly $55 million recovered in all of 2023. Binance’s 2024 Security Efforts As per the official press release shared with CryptoPotato, Binance

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Big Binance Announcement for Shiba Inu (SHIB) and Dogecoin (DOGE) Traders: Details

Big Binance Announcement for Shiba Inu (SHIB) and Dogecoin (DOGE) Traders: Details

TL;DR Binance introduced a special initiative, where eligible meme coin traders join teams to complete missions and accumulate points for rewards. The company has supported numerous meme coins in the past several months, adding certain trading pairs to its platform. ‘Battle of the Meme’ The world’s largest cryptocurrency exchange – Binance – introduced an interesting

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Important Binance Update for July 17th

Important Binance Update for July 17th

TL;DR Binance will suspend deposits and withdrawals for approximately one hour in mid-July, with trading services unaffected. The company’s delisting of several altcoins recently caused significant price drops. A similar pattern was witnessed when Binance terminated services with the popular privacy coin Monero (XMR). Brief Disruption on All Services The world’s largest cryptocurrency exchange, Binance,

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Incoming Binance Update Affecting Bitcoin (BTC) and Ethereum (ETH) Traders: Details

Incoming Binance Update Affecting Bitcoin (BTC) and Ethereum (ETH) Traders: Details

TL;DR Binance will terminate trading for six pairs, including BTC/AEUR and ETH/AEUR, effective July 5, possibly due to poor liquidity or other factors. Despite delisting some pairs, the company has added new ones like WIF/BRL and ZK/USDC, though these are not available to users in certain restricted regions. Binance’s Latest Move The world’s largest cryptocurrency

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Binance.US Claims No Evidence of Wrongdoing in SEC Case

Binance.US Claims No Evidence of Wrongdoing in SEC Case

Binance.US said that it is prepared to defend itself against the US Securities and Exchange Commission after a court ruled that the regulatory agency’s case against the crypto exchange could continue. In its official statement on X, the US arm of crypto giant Binance affirmed that the “fight continues.” Binance.US Slams SEC’s Enforcement Tactics The

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Binance Sells Gopax’s Genesis Asset Rights at Steep Discount, Leading to Significant Losses

Binance Sells Gopax’s Genesis Asset Rights at Steep Discount, Leading to Significant Losses

Last updated: May 27, 2024 15:22 EDT | 2 min read Binance, the largest shareholder of the South Korean cryptocurrency exchange Gopax, sold the asset claims of Gopax victims at less than half their face value on May 27. The discounted sale has led to substantial financial losses for investors, contradicting Binance’s earlier promise to

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