The exchange follows Circle’s February decision to do the same The cryptocurrency exchange Binance will halt deposit and withdrawal support for TRC-20-based USD Coin (USDC) tokens in less than two weeks. It’s the latest exchange to make the announcement in a month. USDC issuer Circle announced its plans to terminate support for the stablecoin over
The changes target TrueUSD and other digital currencies The Binance cryptocurrency exchange recently revealed its plans to delist several TrueUSD (TUSD) trading pairs, the stablecoin associated with Justin Sun, the founder of Tron. The exchange published a notification on March 13 saying several TUSD pairs would be removed from the exchange, including COMP/TUSD, EPENDLE/TUSD and
A sudden increase in traffic leads the cryptocurrency exchange to temporarily curb movements Cryptocurrency exchange Binance has suspended Solana network withdrawals due to an “increased volume of transactions.” According to a March 6 announcement, the company expects to find a solution and restart withdrawals on March 9. “Withdrawals on the Solana (SOL) network have been
The use of Trezor technology might be creating issues for the cryptocurrency wallet app A US Department of Commerce agency is examining an old version of the “Binance Trust Wallet app” for its susceptibility to allowing attacks to swipe customer funds from their crypto wallets. In particular, iOS devices may be at risk. The National
The suit accuses the cryptocurrency exchange of facilitating terrorist payments Cryptocurrency exchange Binance, its former CEO Changpeng Zhao, and the governments of Syria and Iran have been named as defendants in a suit filed by families of three victims impacted by Hamas’ October 7 attack on Israel. The plaintiffs include family members of persons affected,
Alaska and Florida tell the exchange that it’s not welcome in their states Binance.US cryptocurrency exchange is still under pressure from US regulators in the wake of the former CEO Changpeng Zhao’s guilty plea. Florida and Alaska regulators have communicated to Binance.US that the firm can no longer serve residents in their states, according to
The fine is the result of the exchange allegedly operating in the US without proper licenses A US court has ordered cryptocurrency exchange Binance and its former CEO, Changpeng “CZ” Zhao, to pay $2.7 billion to settle claims it violated US monetary regulations. CZ must also pay $150 million to the Commodity Futures Trading Commission
The cryptocurrency exchange will pay over $4 billion in fines and penalties in the US Changpeng Zhao, billionaire and the now-former CEO of the Binance cryptocurrency exchange, pleaded guilty on Tuesday to federal charges in the latest trial to restrain the often unchecked cryptocurrency industry. Binance has agreed to pay more than $4 billion in
The cryptocurrency exchange was able to reverse a massive hack almost as it took place The Binance cryptocurrency exchange demonstrated extraordinary efficiency in protecting user assets during a recent situation. Binance CEO Changpeng Zhao (CZ) disclosed that the firm successfully froze most of the funds looted from its client executives. While on a business trip
The cryptocurrency exchange is pulling back amid significant changes in the global market Binance has announced suspending its crypto debit card services in Latin America and the Middle East beginning on August 25. The crypto exchange didn’t reveal exactly why it’s ending the service, claiming it would only impact 1% of users in the regions.
Checkout.com doesn’t want to work with the cryptocurrency exchange anymore The Binance cryptocurrency exchange is contemplating legal action against former payment provider Checkout.com. According to a spokesperson’s statement on August 18, the company isn’t pleased with the provider’s decision to walk away and break its contract. The possible legal conflict emerged after letters from Checkout.com
The controversial exchange hope to dismiss a lawsuit against it ahead of a July 27 deadline Binance, its CEO Changpeng Zhao, and former chief compliance officer Samuel Lim are planning to file two motions to dismiss a lawsuit filed by the United States Commodity Futures Trading Commission (CFTC). In the July 24 filing, they say
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