Author: BSCTimes

The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Binance, one of the world’s largest cryptocurrency exchanges, and its founder Changpeng Zhao. The lawsuit accuses Binance and Zhao of allegedly violating trading rules in the United States. The CFTC claims that Binance allowed U.S. customers to trade on its platform, which is not authorized to operate in the country. The CFTC alleges that Binance failed to register with the agency, which is required for any exchange that offers trading in commodity futures and options contracts. The lawsuit also claims that Binance engaged in illegal wash trading, a practice…

Binance, one of the world’s largest cryptocurrency exchanges, suffered a two-hour outage on its spot market on Wednesday due to a software bug. The outage began at 2:58 PM UTC and was resolved at 5:02 PM UTC, during which time users were unable to trade on the platform. In a statement, Binance apologized for the inconvenience caused to its users and stated that it is taking steps to prevent similar issues from occurring in the future. The outage was caused by a bug in the exchange’s matching engine, which is responsible for matching buy and sell orders on the platform.…

Binance, a major cryptocurrency exchange, has resumed charging trading fees for bitcoin and other cryptocurrencies after temporarily waiving them last year. The move comes amid a volatile period for digital currencies, with prices experiencing large fluctuations in recent weeks. Binance’s decision to reintroduce trading fees was met with mixed reactions from users, with some expressing frustration and others welcoming the move as a sign of the exchange’s commitment to stability and sustainability. The exchange had initially waived trading fees in response to increased competition in the crypto market, but later decided to reinstate them in order to maintain profitability. Despite…

Binance, one of the world’s largest cryptocurrency exchanges, has recently announced the launch of its new platform, Binance Launchpad for Space ID Tokens. The new platform has already received more than $2.8 billion in Binance Coin (BNB) commitments from investors looking to get in on the ground floor of the space industry. The platform aims to provide a new avenue for investors to participate in the growing space economy. With the increasing popularity of space exploration, the demand for space-based services has skyrocketed, making it an attractive investment opportunity for many. The Space ID Tokens will allow investors to participate…

A U.S. judge has declined to delay the sale of Voyager Digital to Binance Holdings while the Department of Justice (DOJ) appeals the proposed deal. The ruling is a setback for the DOJ, which is seeking to block the acquisition of Voyager, a crypto trading firm, by Binance, a major player in the crypto exchange market. The DOJ has argued that the proposed acquisition would result in a “substantial lessening” of competition in the crypto exchange market, and has filed a lawsuit to block the deal. However, the judge in the case has ruled that the DOJ failed to provide…

Helium (HNT) crypto token fell to a two-month low following the announcement of its delisting from Binance.US. The cryptocurrency exchange cited a failure to comply with the regulatory requirements of the US Securities and Exchange Commission (SEC) as the reason for the delisting. Binance.US announced that trading of HNT will be halted on March 18, 2023, at 10:00 a.m. EST. The decision has resulted in a significant decline in the price of HNT, which is currently trading at $12.50, a 15% drop in the past 24 hours. The delisting of HNT has raised concerns among investors about the regulatory scrutiny…

Binance, one of the world’s largest cryptocurrency exchanges, has announced the suspension of deposits and withdrawals for its customers in the United Kingdom. The move comes amid increasing regulatory scrutiny of the crypto industry in the country. According to Binance’s statement, the suspension will take effect immediately, and customers will not be able to deposit or withdraw funds from their accounts using pounds sterling. However, they can still trade cryptocurrencies on the platform using other currencies. Binance’s decision to suspend its services in the UK follows the Financial Conduct Authority’s (FCA) recent announcement that the exchange is not permitted to…

Binance, one of the world’s largest cryptocurrency exchanges, has announced that it will be suspending GBP funding and on/off-ramp services for UK customers from May 6, 2023. The move comes in response to a recent crackdown by the UK’s Financial Conduct Authority (FCA) on unregistered cryptocurrency firms operating in the country. In a statement, Binance UK stated that it is “committed to complying with all applicable laws and regulations” and that it will be working closely with regulators to ensure a smooth transition for its UK customers. The company also stated that it will continue to support other fiat currencies…

The United States Department of Justice (DOJ) has filed an appeal against a recent decision by a New York judge to approve the sale of crypto brokerage firm Voyager to Binance.US. The move comes amid growing concerns about the regulatory compliance of the Binance group, which operates one of the largest crypto exchanges in the world. In a court filing submitted on Wednesday, the DOJ argued that the sale of Voyager to Binance.US could result in the transfer of sensitive personal and financial information to a foreign-owned company with a history of regulatory violations. The DOJ also expressed concerns about…

Binance, the world’s largest cryptocurrency exchange by trading volume, has extended its market share for the fourth consecutive month. According to a report by CryptoCompare, Binance accounted for 42.7% of global cryptocurrency trading in February 2023, up from 40.6% in January. The report also showed that Binance processed more than $1.9 trillion in trading volume during February, an increase of 7.6% from the previous month. The report also highlighted the growing dominance of centralized exchanges (CEXs) over decentralized exchanges (DEXs). CEXs, like Binance, accounted for 86% of the total cryptocurrency trading volume in February, up from 83% in January. DEXs,…