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U.S. crypto exchange Binance.US has informed customers it has resolved its U.S. dollar withdrawal issues after working with its banking partners but warns the relief may not last.The reportedly independent subsidiary of crypto exchange Binance told customers in a June 22 update that its system remains fully operational and that
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Lawyers representing United States-based crypto exchange Binance.US, global exchange Binance Holdings Limited and Binance CEO Changpeng "CZ” Zhao have filed a motion alleging the U.S. Securities and Exchange Commission (SEC) misled the public in statements issued over an ongoing securities lawsuit.In a June 21 filing in the U.S. District Court
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Instead, the bizarre wick likely came amid low liquidity for bitcoin against tether on Binance.US. Market depth data shows a $400,000 bitcoin buy on this trading pair can increase prices by 2%, compared to a minimum of $842,000 for the same impact on a bitcoin/USD trade pair. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance and Binance.US have reached an agreement with the United States Securities and Exchange Commission (SEC) to secure customer funds and private keys by repatriating all Binance.US users’ funds to the United States, thereby preventing Binance
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Binance, Binance.US, and the Securities and Exchange Commission (SEC) reportedly revealed an agreement, late Friday, June 16, temporarily limiting access to customer funds exclusively to Binance.US employees.According to reports, the proposed agreement, pending approval from the overseeing federal judge, outlines measures for Binance.US to prevent any access by Binance Holdings
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Sources familiar with the matter said that Binance.US has been laying off employees from the legal, compliance and risk departments. The latest report from Reuters shows that the US affiliate of crypto exchange Binance (Binance.US) has started firing staff following the lawsuit by the US Securities and Exchange Commission (SEC)
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In the wake of recent allegations by regulators of securities law violations, Binance.US, the American branch of the global cryptocurrency titan, has initiated a round of staff cutbacks, say insiders and social media posts by employees. Binance.US,
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A U.S. federal judge on Tuesday rejected SEC's request to order a freeze on Binance.US' assets – provided the parties could agree on limits. Source
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Binance.US and the United States Securities and Exchange Commission (SEC) have agreed to work on an arrangement that will allow the exchange to avoid freezing all of its assets.On June 14, Bloomberg reported U.S. District Judge Amy Berman Jackson referred the two organizations to a magistrate judge to work towards
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If the two sides can agree on limits, Judge Amy Berman Jackson, of the D.C. District Court, said “there’s absolutely no need” for a restraining order. In the meantime, the judge ordered Binance.US to provide a list of its business expenses to the court, and ordered the parties to continue
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