Reports surfaced recently suggesting that Binance, one of the world’s leading cryptocurrency exchanges, was planning to delist stablecoins for its European users due to upcoming regulations. However, Binance CEO Changpeng Zhao, commonly known as CZ, quickly refuted these claims, stating that the reports had misinterpreted the exchange’s stance. In fact, CZ highlighted that Binance has
Exchanges
CoinEx, a popular crypto exchange, has announced that it will be resuming its deposit and withdrawal services for major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), and others. The resumption is set to take place on September 21st at 08:00 UTC. This news comes after a temporary suspension of these
The once high-volume trading activity of Binance.US has plummeted significantly, with the weekly trade volume dropping from an impressive annual high of nearly $5 billion to a meager $40 million, according to data firm Kaiko. This decline can be attributed to a combination of factors, including regulatory charges filed by the U.S. Securities and Exchange
The recent donation of $3 million worth of Binance Coin (BNB) by Binance Charity to victims of the Moroccan earthquake has sparked a heated debate surrounding the use of cryptocurrencies in humanitarian aid. Critics argue that immediate essentials like food and water are more crucial than crypto donations, labeling the act as a mere PR
In a recent court filing, it was revealed that NFL quarterback Trevor Lawrence, along with YouTube influencers Kevin Paffrath and Tom Nash, has reached a settlement in the lawsuit surrounding their endorsement of the now-defunct FTX cryptocurrency exchange. This development marks a significant turning point in the legal battle against Sam Bankman-Fried, the founder of
In recent weeks, the JPEX cryptocurrency exchange has found itself embroiled in a major controversy in Hong Kong. The exchange has been subjected to numerous complaints and investigations, with allegations of duplicitous practices and unauthorized operations. As the situation intensifies, it is worth examining the details of this ongoing controversy and its potential implications for
The cryptocurrency market has been no stranger to turbulence, with fluctuating volumes and regulatory challenges impacting exchanges worldwide. One exchange, however, has managed to weather the storm more successfully than others. While Binance has experienced a significant drop in trading volume this year due to internal and regulatory issues, Coinbase has emerged relatively unscathed. What
Genesis, a prominent player in the cryptocurrency industry, has recently announced the closure of all its services. A report on September 14 unveiled the decision, stating that Genesis will no longer offer digital asset spot and derivatives trading through its subsidiary, GGC International, Ltd. (GGCI). This brings an end to all trading services provided by
The recent departure of Brian Shroder, CEO of Binance US, has raised concerns about the future of the embattled crypto exchange. This news comes in the wake of a significant reduction in the workforce, with approximately one-third of employees being laid off. While Binance US claims that these actions will ensure its continued operation as
The cryptocurrency exchange CoinEx recently experienced a security breach, raising concerns about the safety of users’ funds. On September 12, the company detected unusual withdrawals from its hot wallets, which store exchange funds. The incident involved unauthorized transactions of Ethereum (ETH), TRON (TRX), and Polygon (MATIC), with a potential impact on an XRP address. While