Binance arranges $6.34 billion to cover losses from record crypto hack
Binance said it reserved its own funds to cover the $6.3 billion hack, including freezes of roughly $3 billion in stolen assets. Binance moved aggressively…
Tag: Binance
Binance Denied It Helped Trump’s Crypto Venture—But A $2B Deal And A Presidential Pardon Have Lawmakers Asking Questions
The world’s largest cryptocurrency exchange finds itself at the center of a political firestorm over allegations that it helped boost a Trump family–linked stablecoin just…
Trump Family Held Talks to Buy Stake in Binance.US: WSJ
The talks began after Binance reached out to Trump allies last year to strike a deal for the exchange’s return to the U.S, according to…
Crypto Market Outlook 2024: ETFs Offer Tailwinds for Other Digital Assets
With the expected launch of a spot bitcoin ETFs in Q1 of 2024, broader crypto is coming of age, says CoinDesk Indices head of research,…
Access to Binance’s Law Enforcement Request Panel Is for Sale for $10K
Binance uses a third-party service called Kodex to validate law enforcement requests. A bad actor is selling access to Binance’s law enforcement request panel, which provides lawful…
First Mover Americas: Revised BlackRock Bitcoin ETF Filing Invites Participation From U.S. Banks
A change to the mechanics of BlackRock’s proposed spot bitcoin (BTC) ETF opens the door for Wall Street banks, which face restrictions holding cryptocurrencies, to play a…
Bitcoin Tops $37K for First Time Since May 2022 as ‘Short Squeeze’ Bumps Prices Amid BTC ETF Optimism
Over $62 million in bitcoin shorts were liquidated in the past 24 hours, contributing to higher prices. Bitcoin (BTC) prices crossed the $37,000 level for the first…
TV’s Kevin O’Leary: ‘All the Crypto Cowboys Are Going to Be Gone Soon’
O’Leary, an entrepreneur and television personality, was paid $15 million by FTX for “20 service hours, 20 social posts, one virtual lunch and 50 autographs,”…
Binance, CEO Zhao Sued by CFTC Over ‘Willful Evasion’ of U.S. Laws, Unregistered Crypto Derivatives Products
The CFTC alleged Binance offered unregistered crypto derivatives products and directed U.S. customers to evade compliance controls through the use of VPNs The U.S. Commodity…
BUSD Depegs From Rival Stablecoin Tether After New York Regulator Tells Paxos to Stop Minting New Tokens
Traders seem to be migrating from Paxos’ BUSD stablecoin to tether. Binance’s dollar-pegged stablecoin BUSD turned volatile in the wake of regulatory action against its…