Spot Trading Pairs Decline Across Exchanges, Including Binance, Coinbase, and Kraken
The number of spot trading pairs across major cryptocurrency exchanges has declined over the course of the year, according to data compiled by The Block Research.
5 Cryptocurrency Exchanges Trying to Grow in Africa: Bybit, Kraken, Coinbase, Binance, and Gemini
Despite the lack of recognition from most African governments, cryptocurrency traders are still utilizing various exchanges across the continent. These exchanges offer different transaction costs and trading options, allowing customers to track their investments. Among the recommended exchanges are Bybit, Kraken, Coinbase, Binance, and Gemini, with the latter two prioritizing security and offering tools for passive income generation. Gemini is also a qualified custodian under the New York State Department of Financial Services, emphasizing its regulatory compliance.
Cryptocurrency Prices Expected to Breakout Soon: Bitcoin Struggles to Stay Above $31K, XRP/USDT Pair May Drop to $0.41
Bitcoin's resistance at $31,000 could result in liquidations if it fails to break above it, while Binance CEO CZ predicts a bullish future for Bitcoin post-2024 halving and suggests that BlackRock's involvement in the crypto market will be beneficial. The top 10 cryptocurrencies, including BTC, ETH, BNB, and XRP, exhibit positive sentiment, with potential breakouts anticipated, but readers are advised to conduct their own research before making any investment decisions as stated in the article.
Australian Regulators Investigate Binance Amid Global Legal Challenges
Australian regulators are investigating Binance, requesting internal communications and data from employees, contributing to the exchange's mounting legal issues globally. Binance faces scrutiny from multiple jurisdictions, including the US, France, and the Netherlands, and its lack of a physical headquarters may worsen its situation despite its cooperation with regulatory requests.
CZ: Multichain Incident Won’t Affect Binance and Its Users
Binance CEO CZ said on social media that the Multichain vulnerability has not yet affected Binance and Binance users, and we have exchanged all assets and closed the deposit function. Regardless, we offer assistance to help resolve this issue.
Binance CEO Addresses Departures of Key Executive Personnel as Part of Usual Turnover
Binance CEO Changpeng "CZ" Zhao has stated that the recent departures of key executive personnel from the company are part of normal staff turnover. CZ tweeted that the reasons given by the news are completely wrong, and that turnover occurs in every company as markets and the global environment for crypto change.
Bloomberg: Binance’s New General Counsel May Be Eleanor Hughes
According to Bloomberg, citing people familiar with the matter, Binance’s new general counsel to succeed Han Ng will be Eleanor Hughes. According to the LinkedIn page, Eleanor Hughes joined Binance in November 2021 and has successively served as Senior Legal Counsel and Head of Global Regulation, and Head of Legal Affairs for the Asia-Pacific Middle East and North Africa region.
Binance's Chief Strategy Officer Confirms Departure Amid DOJ Investigation Reports
Patrick Hillmann, Binance's chief strategy officer, has confirmed his departure from the crypto exchange on good terms after two years with the company. This follows reports that several top executives in the United States have also left as a result of a Department of Justice investigation into Binance's alleged violations of U.S. sanctions.
Binance Holds Almost 90% of TrueUSD After Overnight Spike to $2.7B
Binance, the world's largest cryptocurrency exchange, now holds almost 90% of TrueUSD after an overnight spike saw over $2 billion of the dollar-pegged stablecoin move to the platform. This brings Binance's TrueUSD holdings from less than $500 million to almost $2.7 billion.
Over $140M in Crypto Liquidated as Bitcoin Retraces from 2023 High
In the past 24 hours, the sudden dip of Bitcoin from its 2023 high has resulted in hundreds of millions of dollars worth of crypto assets being liquidated. Coinglass, a market intelligence firm, reports that nearly $140 million worth of digital assets were liquidated from major crypto exchange platforms.
Binance Refers Dutch Customers to Rival Crypto Exchange Coinmerce as it Ceases Business in the Netherlands
Binance has stopped operating in the Netherlands and is directing its Dutch customers to Coinmerce, a registered crypto exchange and wallet service provider. Binance failed to obtain recognition as a virtual asset provider, resulting in Dutch residents being unable to use its services.
Binance to Retire Deposit Addresses and Memos of Several Cryptocurrencies in Q3
Binance, the largest cryptocurrency trading platform, has announced plans to retire deposit addresses and memos for several cryptocurrencies, including BTC, XRP, DOGE, AVAX, ICP, SOL, and XMR. The retirement of these addresses is scheduled for Q3 2021, with the aim of migrating them in batches to ensure a smooth experience for users.
Binance to Retire Selected Deposit Addresses in Upcoming Wallet Upgrade
Binance is set to upgrade its wallet infrastructure and has warned users about an upcoming address migration. The exchange will be retiring selected deposit addresses in batches as part of a network address migration scheduled for Q3 2023. The upgrade will affect a total of 40 cryptocurrencies, including Bitcoin, Bitcoin Cash, XRP, Solana, Monero, Litecoin, Dogecoin, Cardano, Polkadot, and others. Binance will also be deactivating memos, and users impacted by the changes will receive notifications to obtain a new deposit address and memo. Funds deposited into an expired address will not be lost, but users will need to manually credit them via the transaction history page.
Data: A Giant Whale Transferred 50 Million USDC to Binance From July 2nd to 6th
According to JieData data, the giant whale address starting with 0x89df transferred all of its 50 million USDC to Binance from July 2 to July 6. The address transferred 45 million USDC to Binance on March 11, before the price of Bitcoin rose.
Binance CEO Predicts Next Bitcoin Bull Market in 2025
Binance CEO Changpeng Zhao has predicted that the next Bitcoin bull market is most likely to occur in 2025, following the Bitcoin halving event in 2024. In a Twitter "ask me anything" session, Zhao also welcomed BlackRock's entry into the spot Bitcoin ETF arena, stating that it is "hugely beneficial" for the crypto industry. He brushed off concerns that BlackRock could eat up Binance's market share in the future, citing minimal overlap between their respective customer bases.
Binance Adds MAV/TRY, OCEAN/TRY & TUSD/TRY Trading Pairs
Binance will open trading for the MAV/TRY, OCEAN/TRY and TUSD/TRY trading pairs at 2023-07-07 08:00 (UTC).
Binance Adds Isolated Margin Pair: XVG/USDT
Binance has added XVG as a new borrowable asset on Isolated Margin.
Solana NFT Trading and Transaction Volumes Present Positivity
Solana NFT sales have increased by 26% in the past week, with a 30% rise in NFT buyers and sellers. Magic Eden is the most active platform on the Solana blockchain, with 32.23k users. The native token of Solana, SOL, has also seen a 2% surge in price over the past 24 hours, reaching a trading price of $16.27. Despite market volatility, SOL's funding rate on Binance indicates its demand in the derivatives exchange, boosting investors' confidence in the token.
Binance Seeks New Policy Officer for European Operations After Setbacks
Binance, a major cryptocurrency company, is looking for a policy officer to work for its European operations. The job involves creating new policies, standards, guidelines, and procedures for the company.
Binance CEO Welcomes BlackRock and Other Large Players to the Crypto Space
During a Twitter Spaces session, Binance CEO Changpeng Zhao expressed his enthusiasm for the entrance of large players like BlackRock into the cryptocurrency space, stating that it would offer more coverage and serve a clientele that is currently underserved. He also noted that many of these institutions are not comfortable using pure crypto platforms and may prefer existing relationships with legacy firms.
