Cryptocurrency Analysis and News Portal
Crypto exchange Binance and its CEO Changpeng "CZ" Zhao are planning to file a motion to dismiss a March-filed lawsuit from the United States commodities regulator.In a July 24 filing to an Illinois District Court, multiple Binance entities, Zhao and former chief compliance officer Samuel Lim said they plan to
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Binance’s response to the CFTC’s complaint is due later this week, on July 27. The filing did not specify Binance’s argument, only that it is requesting to exceed the standard 15-page limit due to the complexity of the case. According to the filing, Lim also intends to file a separate
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Around the same time, China's ruling Communist Party's 24-member Politburo — its top decision-making body, led by President Xi Jinping – said the country's economy is facing new difficulties and the economic recovery will be challenging. Early this year, analysts widely cited China's reopening of its economy as a major
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance is reportedly willing to accept voluntary terminations from employees. The offers, sent out recently according to Adam Cochran, a crypto influencer and analyst, allow employees to resign, sign a new non-disclosure agreement (NDA), and receive a severance
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance France has unveiled its first-ever audited financial statements, following its ability to secure registered status in the country. A recap of the report In adherence to local regulatory and legal mandates, Binance France commits to publishing these
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The crackdown on crypto firms by the United States Securities and Exchange Commission (SEC) appears to have severely affected Binance’s business. During the past few weeks, the crypto exchange reportedly fired over 1,000 employees and slashed some benefits. According to Binance, the “current market environment and regulatory climate” have caused a
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Binance CEO Changpeng “CZ” Zhao is the latest figure in the cryptocurrency industry to warn against the increasing number of phishing attacks.CZ took to Twitter on July 21 to warn his readers about phishing and other social engineering scams. He also recommended cryptocurrency exchange users rely on hardware devices for
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Liquid staking is a decentralized finance (DeFi) subsector that lets users earn yield by staking their tokens without losing their liquidity. It has become the biggest DeFi sector in terms of total value locked (TVL), according to crypto exchange Binance’s Half-Year Report 2023. Within the report, the crypto exchange highlighted that
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Traders, known as Dynamic Liquidity Providers, can lock in the native RDNT token to profit from interest and flash loan fees and have governance authority within the Radiant DAO. The protocol’s platform fees are paid out in bitcoin (BTC), ether (ETH), BNB Coin (BNB) and stablecoins. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance has cut ties with the Argentine Football Association (AFA), citing a breach of contractual agreement. Binance Argentina announced its decision to end the partnership deal with the AFA stems in a tweet on July 17. Despite
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