The severe winter storm in North America shut down Binance's cloud mining products between Dec. 24-26, according to an official announcement on Dec. 28. As a result of the power outage, the company announced that users' subscriptions to cloud mining products were extended for three days.

The value of Terra Classic (LUNC) has experienced a significant drop due to increased selling pressure, which has impacted ongoing efforts to rescue the token. 

Binance CEO Changpeng “CZ” Zhao on Wednesday said 2022 has been a tough year for Binance and the crypto market, but not unprecedented. Despite bear market challenges, the industry has seen rising adoption, regulatory frameworks, and Web3 developments. He expects the market will recover quickly, with more developments in the metaverse, NFTs, DeFi, GameFi, and other blockchain solutions.

Bankrupt crypto trading firm Alameda Research’s wallets have been involved in some questionable transactions of late, as it engages in a series of swaps, converting several ERC-20 tokens to USDT and ETH. The converted assets were then routed through multiple addresses to ChangeNow, FixedFloat, and Binance.

The world’s largest crypto exchange Binance has temporarily suspended the burning of Terra Classic (LUNC) trading fees until March 2023. The move comes following the developments related to Proposal 10983 and Proposal 11111 to fund the commodity pool. Moreover, the crypto exchange will burn 50% of LUNC spot and margin trading fees instead of 100%.

Binance will remove and cease trading on the following trading pairs at 2022-12-30 03:00 (UTC): Spot Pairs: ATA/BNB, GLM/ETH, KSM/ETH, LOOM/ETH, REI/ETH, STMX/ETH, STRAX/ETH, TROY/BNB.

If investors are found in violation of any SEC regulations regarding securities investments, they could face civil penalties or criminal prosecution from authorities.

The future between WazirX and Binance remains in the balance as the Indian exchange remains under regulatory scrutiny.

We will walk you through the year’s defining market events with the benefit of hindsight and an eye towards the future.

A methamphetamine and cocaine gang operating across the U.S., Mexico, Europe and Australia used the world’s biggest cryptocurrency exchange Binance to launder tens of millions in drug proceeds, according to an ongoing investigation by the US Drug Enforcement Administration. Between $15 and $40 million in illicit proceeds may have been funneled through Binance, the DEA alleged.