Bloomberg: Binance.US Looks to MoonPay as Alternative to Banking Partners
Bloomberg reported that as regulatory agencies increase their scrutiny of cryptocurrency companies, many banks have cut off their partnerships with the cryptocurrency exchange Binance.US. Currently, Binance.US is using the cryptocurrency startup MoonPay as an alternative solution. Visiting MoonPay will provide Binance.US users with another way to exchange US dollars for cryptocurrencies: they will be able to use debit cards or credit cards, Apple Pay, or Google Pay to purchase Tether, and then use these stablecoins to purchase other tokens.
Former SEC Official: The US Department of Justice Will Soon Announce or File an Indictment Related to Binance
John Reed Stark, the former head of internet enforcement at the US Securities and Exchange Commission (SEC), said that Binance.US requested a protective order on August 14 to prevent the securities regulator from making excessive demands, which may not be reliable.
U.S. federal judge to send Binance's motion for protective order to magistrate
On August 16, US Judge Amy Berman Jackson stated in documents submitted to the District Court of Columbia that she will submit a motion for a protective order against the SEC filed by Binance.US's lawyers to Magistrate Judge Faruqui to seek a resolution. Binance.US's legal team submitted the motion on August 14, believing it is necessary to protect the company from "fishing law enforcement" by the SEC during the discovery process.
Binance.US announced the listing of CUDOS
According to an official announcement reported by Golden Finance, Binance.US has announced the launch of CUDOS. Users can now trade CUDOS on the CUDOS/USDT advanced trading pair, and deposits and withdrawals are also available.
Binance.US Instant Swap Adds ARB and XRP
Binance.US tweeted that ARB and XRP have been added to the flash swap function with no transaction fees.
Former Binance.US CEO Brian Brooks Joins Board of Crypto Asset Manager Hashdex
Former Binance.US CEO Brian Brooks has joined the board of crypto asset manager Hashdex, providing counsel on global regulation and bridging the gap between crypto and traditional finance. Brooks' previous role was not mentioned in Hashdex's news release, which instead focused on his time as Coinbase's chief legal officer and acting U.S. Comptroller of the Currency. Hashdex made headlines when it received approval to launch the first cryptocurrency exchange-traded fund (ETF) in Latin America, and the company is hoping Brooks' arrival will add to its momentum.
Massive Transfer of 2.4 Trillion Shiba Inu Coins from Binance.US Detected by Whale Alert as Burn Rate Plunges
Whale Alert has reported a massive transfer of Shiba Inu coins worth over $18 million from Binance.US to an anonymous wallet. Despite the upcoming launch of its Layer 2 blockchain, Shibarium, SHIB has dropped to 20th place by market cap.
Binance.US Delists USD Advanced Trading Pairs
Binance.US, the US-based branch of the world's largest cryptocurrency exchange, will no longer support trading for certain USD Advanced Trading pairs. The move is part of the exchange's transition to a "crypto-only exchange," where only trading against other cryptocurrencies and stablecoin pairs will be supported.
XRP Added to Binance.US for Trading, Boosting Potential Value After Positive Court Ruling
Binance.US has announced the addition of XRP to its list of available cryptocurrencies for trading. Deposits for XRP are now live, and trading on the XRP/USDT Advanced Trading pair will begin on July 14, 2023.
Bitcoin Shows Signs of Decentralization Despite Liquidity Issues on Binance.US
Bitcoin's network is becoming more decentralized as the number of wallets holding at least one bitcoin reaches an all-time high. However, the network is facing increased load due to the popularity of ordinals. Binance.US is experiencing a lack of dollar liquidity, resulting in a discount in the trading of Bitcoin and Tether.
