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On January 10th, Reuters reported that Voyager gained initial court clearance to sell its assets to Binance.US for $1 billion. The final decision will be determined by creditors’ vote during a future court proceeding. Customers can recover 51% of the cost of their deposits through the sale. A U.S. bankruptcy judge in New York, Michael […]
The recent launch of opBNB, a layer-2 scaling solution by BNB Chain, demonstrates Binance’s commitment to addressing the scalability challenge that has hindered the widespread adoption of blockchain technology. By leveraging the Optimism OP Stack, BNB Chain aims to enhance security and scalability on the Binance blockchain network. As blockchain technology continues to evolve, scalability […]
Binance.US, one of the largest cryptocurrency exchanges in the United States, is facing a major legal battle with the Securities and Exchange Commission (SEC). After suing Binance, the SEC has requested a federal judge to freeze billions of dollars of assets belonging to Binance.US, citing alleged violations of US securities laws and a disregard for […]
The cryptocurrency industry has grown and fluctuated significantly in recent years. The regulatory environment pertaining to cryptocurrencies, however, continues to be intricate and dynamic. The Securities and Exchange Commission (SEC), one of the most powerful regulatory authorities in the United States, has been actively investigating the sector and bringing legal actions against significant firms as […]
TRON [TRX] fell by over 7% hitting a two-week low after Binance.US discloses plans to delist the token. In the announcement post, the US trading platform stated that it would remove TRX and Spell [SPELL] on April 18, 2023. Binance.US in its blog said that it periodically reviews each digital asset to ensure that it […]
The establishment of the legal framework for digital assets in the European Union (EU) through the Markets in Crypto-assets (MiCA) regulation is indeed a significant development for the crypto industry. It represents one of the world’s first comprehensive legislations specifically tailored to address the challenges and opportunities presented by digital assets. By introducing clear regulations, […]
Surprisingly, BinanceUS has made a significant update to its trading offerings following community feedback. The exchange had initially announced the removal of hundreds of trading pairs, causing concern among users. However, the latest announcement brings relief as BinanceUS reverses its decision regarding USDT Advanced Trading pairs. Coinbase, another major cryptocurrency exchange, had recently stated that […]
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