Binance

Binance, the top crypto exchange, converts SAFU funds to USDC stablecoin for better security and transparency, ensuring user protection during extreme situations like hacks. This move reflects Binance’s adaptability to regulatory changes, following a previous conversion from BUSD to USDT and TUSD  Binance, the world’s largest cryptocurrency exchange, has announced the conversion of its Secure Asset Fund for Users (SAFU) holdings to Circle’s USD Coin (USDC) stablecoin. SAFU, established in 2018 as an emergency insurance fund, protects Binance users in…

The post Binance Rival Promises 25X Gains as DTX Exchange Presale Surpasses 260K in 4 Days appeared first on Coinpedia Fintech News One of the largest exchange platforms, Binance Coin (BNB), observed significant bullish momentum, pushing past the $600 threshold in the past week. However, trailing behind Bitcoin’s volatile movement, the broader crypto market adopted a bearish trajectory, with the BNB price dipping to below $600. With anticipated BTC halving inching closer, the BNB price is poised to surge, while…

The post Binance Executive Remains Detained in Nigeria Amid Money Laundering Allegations appeared first on Coinpedia Fintech News Binance’s legal troubles never end, as one of their executives is still imprisoned in Nigeria. Binance ‘s new CEO, Richard Teng, ceases his efforts to negotiate with the Nigerian authorities to set Tigran Gambaryan, a Binance executive, from prison.  Binance Exec Still Behind Bars Gambaryan, the head of financial crime compliance at Binance, along with Nadeem Anjarwalla, who has fled the jurisdiction,…

TL;DR Binance is set to undergo a system upgrade on April 23-24, which may disrupt several services, including trading and user logins. The exchange regularly updates its platform, recently adding new trading options and loanable assets while discontinuing others. There Might be Disruptions Next Week The world’s largest cryptocurrency exchange – Binance – will conduct a scheduled system upgrade from April 23 to April 24 to “improve the overall system performance and stability.” The company warned that users may encounter some setbacks during…

Binance, once banned by the Indian government, is set to make a comeback after agreeing to pay a hefty penalty of approximately $2 million. According to a report by ET, the world’s largest cryptocurrency exchange is preparing to re-enter the Indian market under the finance ministry’s oversight of the Financial Intelligence Unit (FIU). Binance’s India Comeback The latest development means that Binance will now have to comply with the existing regulatory frameworks, including the Prevention of Money Laundering Act (PMLA)…

Bitcoin has seen its price suffer from the tremendous selling pressure that has filled the market over the last few weeks. However, as investors hope for relief, it seems that the sellers are far from done, with one notable Bitcoin sell transaction in particular sending the market into a frenzy. Whale Dumps $1 Billion Worth Of Bitcoin Whale tracker Whale Alert took to X (formerly Twitter) to inform the crypto community of a large Bitcoin transaction that was participating in…

Binance has announced the launch of Megadrop, a first-of-its-kind platform that offers users early access to select Web3 projects before their tokens debut on the exchange. It combines the existing Binance Launchpool with an exciting approach to Web3, enabling users to access tokens that are newly minted by promising projects before they go mainstream and explode. Binance has maintained its position as the world’s largest exchange by continually innovating and offering users unique products and opportunities. Its latest is Megadrop,…

In a major development, Binance has announced its return to India as an entity registered with the Financial Intelligence Unit of the Finance Ministry. The Indian government banned the world’s largest cryptocurrency exchange in January, but it has now committed to adhering to all relevant laws, including the PMLA and the VDA taxation framework.  Binance Makes India Return  According to the announcement, Binance will return to India as an entity registered with the Financial Intelligence Unit. India’s Financial Intelligence Unit…

The post Bitcoin’s Potential Drop May Cause $15B Liquidations on Binance appeared first on Coinpedia Fintech News As a result of the Bitcoin drop, over the past 24 hours, 74,741 traders have liquidated assets worth $230.18 million, with top assets being BTC, ETH, and SOL. Leading the pack is Binance with $90.72 million, followed by OKX and Bybit with $84.81 and $25.91 million, respectively. The largest liquidation order was $5.40 million.  What’s happening? Is it a pre-halving crash? Let’s analyze…