| |

Top Cryptocurrency Exchange Binance Converts $1,000,000,000 Secured Asset Fund from Bitcoin and BNB to USDC Stablecoin

The leading global crypto exchange established the “Secure User Asset Fund” (SAFU) in 2018 to protect Binance users from “extreme situations.” The fund typically tries to maintain a balance of $1 billion, although fluctuating cryptocurrency prices have affected the value of its holdings over the years. At the end of 2022, the fund held $700…

| |

Binance expands its presence in Asia with the launch of Thailand exchange

According to a report by Reuters, Binance, one of the world’s leading cryptocurrency exchanges, has officially opened its cryptocurrency exchange in Thailand. The exchange, called Gulf Binance, is a joint venture between Binance and Gulf Innova, a provider of digital marketing and IT services. The aim is to provide a platform for users in Thailand…

| | |

Coinbase Stock Hits 18-Month High After Binance Allegations

The price rally comes after rival exchange Binance pleaded guilty and traders apparently priced Coinbase’s custody arrangements for a series of spot crypto ETFs. Shares of cryptocurrency exchange Coinbase (COIN) hit an 18-month high after rival exchange Binance and its former CEO Changpeng Zhao pleaded guilty to money laundering and violations of US sanctions. On…

| | |

Binance Crypto Exchange Launches Futures Trading for Ethereum-Based Altcoin Surges Over 50% in a Week

The world’s largest cryptocurrency exchange by volume is launching futures trading for an Ethereum-based altcoin (ETH) that is up more than 50% in a week. In a new announcement, cryptocurrency exchange Binance says it will launch futures contracts with up to 50x leverage for Powerledger (POWR), a decentralized energy marketplace built on ETH that democratizes…

| |

More than 100 Binance accounts closed by Israeli authorities on suspicion of facilitating Hamas financing

Binance, the world’s leading cryptocurrency exchange, has reportedly closed more than 100 accounts in response to the deadly Hamas attack on Israel earlier this month. According to a recent Financial Times report, which cited “people directly familiar with Israeli police actions,” Israeli law enforcement agencies ordered shutdowns and confiscated millions of cryptocurrencies in an effort…

|

Binance Launches Copy Trading Feature, Allowing Users to Duplicate Strategies of Experienced Traders

Binance has launched a new “copy trade” feature that gives its users the ability to replicate strategies employed by top cryptocurrency futures traders. “Copy traders” can now imitate the real-time futures trading strategies of “lead traders,” according to a new exchange announcement. Copy traders will be able to review the performance metrics of top traders…

|

Binance invests a lot of money in stable asset Curve

Binance Labs, the investment side of the world’s largest and most popular digital exchange, has put $5 million into the new Curve DAO token that powers the Curve blockchain network. Binance puts a lot of money on the curve At the time of writing, Curve is valued at approximately $2.4 billion and witnesses a daily…

| | | |

Binance CEO Changpeng Zhao Warns Users About SMS Phishing Scam

Binance CEO Changpeng Zao has warned users about a massive SMS phishing scam targeting Binance users. The world’s largest cryptocurrency exchange scam is redirecting users to a malicious website to collect credentials. The tweet also urged users to always access the Binance website through a bookmark or by typing it into their browser. In this…

| |

The crypto exchange Binance ceases trading in derivatives in Australia

Amid a worldwide regulatory review, the global cryptocurrency exchange Binance has announced that it will stop offering leveraged futures, options and tokens to Australian users in 90 days. Upcoming changes to Binance Australia The cryptocurrency exchange Binance announced some changes to its offerings in Australia on Tuesday. The exchange will no longer offer leveraged futures,…