According to a recent report by the Wall Street Journal (WSJ), China makes up a significant portion of Binance’s trading volume, contributing to about 20% of the exchange’s total volume. However, Binance has informed CryptoSlate via email that its website is actually blocked in China, making its platform inaccessible to users based in the country.
Exchanges
Binance France recently released its audited financial records, covering a period of 14 months from November 2021 to December 2022. The records revealed that the exchange experienced a loss of €4 million during this timeframe. The expenses incurred by Binance France amounted to a total of €14 million, which encompassed staff payroll, marketing, administrative costs,
Crypto exchange KuCoin has denied rumors of an alleged layoff plan, according to an email statement sent to CryptoSlate on July 25. The denial comes after a report by Wu Blockchain, which cited three unnamed internal employees claiming that KuCoin was planning to lay off 30% of its workforce. The report attributed the exchange’s decision
National Australia Bank (NAB) has revealed that it prevented over A$270 million ($184 million) in customer payments due to concerns about potential scams over the past four months. In a statement released on July 17, NAB stated that it had halted transactions to cryptocurrency platforms that were associated with scams between March and July. While
Crypto exchange Binance has recently made the decision to reduce employee benefits, effective from June 19, in response to a declining profit margin. The company announced that it would no longer provide mobile-phone reimbursement, fitness reimbursement, and other staff-related bonuses. Binance attributed this cost-cutting decision to the challenging market environment and regulatory climate, which have
Binance has announced the appointment of Eleanor Hughes as its new general counsel, effective immediately. Hughes, who initially joined Binance in November 2021, previously served as the head of legal for the APAC and MENA regions. During her time in these roles, Hughes played a crucial part in obtaining operational licenses for the exchange in
Ark Invest Management recently sold 135,152 shares of Coinbase, amounting to $12 million, according to data from Cathiesark. This move comes as Coinbase continues its mostly positive price performance, reaching a one-year high of $90 on July 11. Notably, Coinbase stock has outperformed Bitcoin’s price in the last 30 days, with a growth rate of
Bitcoin (BTC) and other digital assets, such as Tether (USDT), are currently being traded at an 8% discount on the Binance.US platform. The reason behind this situation is the liquidity problems that have arisen following a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). This discrepancy can be observed by comparing the trading
Crypto.com, a leading cryptocurrency platform, has taken legal action to recover funds following an erroneous transaction. The incident revolves around an individual named James Deutero McJunkins Jr., a resident of Georgia and a user of Crypto.com. McJunkins allegedly received a deposit of $50,000 in his Crypto.com account on June 24, 2022, which was later found
The cryptocurrency industry has experienced substantial losses due to hacking incidents, amounting to over $30 billion since 2012. SlowMist, a blockchain security firm, conducted research that revealed the extent of these losses. Out of the total amount stolen, centralized exchanges accounted for $10.95 billion, making them the primary target for hackers. The research also highlighted