On June 29th, crypto-exchange giant Binance saw a surge of withdrawals after the Commodity Futures Trading Commission (CFTC) filed a lawsuit against the exchange on the same day. The CFTC alleges that Binance allowed users to deposit and trade cryptocurrencies in US dollars without registering with the CFTC or complying with the Market in Financial… Continue reading Binance Sees Surge of Withdrawals After CFTC Lawsuit
Category: binance
Binance and CEO Changpeng Zhao sued by CFTC over trading and derivative violations
The news broke this morning that the CFTC (Commodity Futures Trading Commission) has filed a lawsuit against the leading cryptocurrency exchange Binance and its CEO Changpeng Zhao for alleged trading and derivatives violations. This latest court case against a major cryptocurrency exchange has investors around the world on edge. Binance, the world’s second-largest exchange by… Continue reading Binance and CEO Changpeng Zhao sued by CFTC over trading and derivative violations
Daily Crunch
The leading cryptocurrency exchange Binance has recently suffered from a severe software bug, prompting the launch of a scheduled system upgrade and a temporary suspension of spot trading, deposits, and withdrawals across the entire platform. The software bug, discovered on Thursday May 7, 2021, is reported to have caused a disruption to the overall performance… Continue reading Daily Crunch
Daily Crunch
It was just announced that Binance, the world’s largest crypto exchange, has reopened after having to temporarily suspend spot trading, deposits and withdrawals due to a bug. The incident was reported to have happened on April 22nd when Binance’s CFO, Wei Zhou, posted on Twitter that “due to a server issue, we were forced to… Continue reading Daily Crunch
Daily Crunch
Malta-based crypto exchange Binance recently had to suspend spot trading and deposits and withdrawals due to a bug in its system. However, the platform has now reopened with CEO Changpeng Zhao saying that the platform had “fixed” the bug. The bug reportedly occurred when the software was performing a scheduled system upgrade on its core… Continue reading Daily Crunch
Daily Crunch
The popular crypto exchange Binance has recently been forced to suspend all spot trading, deposits, and withdrawals as a result of a major bug in their system. The platform freeze, which lasted for around an hour, occurred on Mon May 11 at 4:30 UTC. Binance quickly identified the source of the issue and recommenced operations… Continue reading Daily Crunch
Binance Tries to Replace FTX’s Efforts in Fronting Crypto Regulation
Recently Bitcoin’s trading volume has soared, reaching an all-time high of $14 billion in June 2021. As a result, one of the leading exchange platforms in the world, Binance, is now taking up the mantle of setting regulatory standards for the entire market, which is something that has traditionally been done by firms such as… Continue reading Binance Tries to Replace FTX’s Efforts in Fronting Crypto Regulation
Audit firm Mazars ceases proof-of-reserves work for Binance and others
In a landmark deal for the cryptocurrency industry, the international audit firm Mazars has announced it will no longer provide proof-of-reserves services for the world’s largest cryptocurrency exchanges, including Binance and others. In a move aimed at increasing the security and transparency of the digital asset sector, Mazars had been providing a key service to… Continue reading Audit firm Mazars ceases proof-of-reserves work for Binance and others
Binance Temporarily Pauses Withdrawals
The popular cryptocurrency exchange Binance recently announced that it was temporarily suspending withdrawals from its platform. The announcement made late on Wednesday, January 15th, caused concern among many cryptocurrency investors, but Binance’s CEO Changpeng Zhao quickly followed up with the assurance that the suspension was due to system maintenance and not a malicious attack or… Continue reading Binance Temporarily Pauses Withdrawals