Judge Amy Berman Jackson issues multiple orders clearing pending motions in the Binance vs. SEC lawsuit, including acceptance of Circle as amicus curiae. Key Takeaways Binance Vs SEC As the legal battle between global exchange behemoth Binance and the U.S. Securities and Exchange Commission (SEC) continues to unfold, crucial developments have surfaced ahead of a pivotal hearing scheduled for today, …
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Binance’s spot market share falls to 34% amid legal issues and declining trading volumes, leading to withdrawals of $653 million. BNB remains strong. Key Takeaways Binance, a previous behemoth within the cryptocurrency exchange domain, has encountered a rough patch, witnessing a drop in its spot market share to 34% over a period of seven months, according to data from CCData …
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Trading volume of Russian Rubles (RUB) and Ukrainian Hryvnia (UAH) on Binance has sharply dropped due to the Russia-Ukraine conflict and market conditions. Key Points The monthly trading volume of Russian Rubles (RUB) on the Binance Exchange has reportedly declined more than 83% in the past two years. The trade volume of Ukrainian Hryvnia (UAH) on the world’s largest crypto …
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Binance decides to leave the Netherlands amidst regulatory pressure, Dutch citizens will be able to withdraw funds until July 17. Key Points Binance, a virtual asset service provider, has been in the process of registering comprehensively with the Dutch regulator. Unfortunately, the company has failed to meet the necessary requirements to obtain a license. As a consequence, Binance has made …
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Key Points Binance, a global cryptocurrency exchange that ranks among the largest ones, is currently making headlines following allegations by the US Securities and Exchange Commission (SEC) that the company sold unregistered securities. However, new information has emerged as Binance’s legal team has disclosed a previously unknown fact that Gary Gensler, the chairman of SEC, had offered to provide advisory …
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Magic Eden, a leading decentralized marketplace for Non-Fungible Tokens (NFTs), and Robox, a crypto-focused startup, have formed a strategic partnership. Their mutual goal is to disrupt the flourishing NFT lending market with an innovative loan offering. This move reflects a broader trend, mirroring actions by giants like Blur and Binance NFT, as they ventured into the same arena earlier. We’re …
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The largest crypto exchange in the world, Binance, has declared that it plans to eliminate various trading pairs associated with the Australian dollar (AUD) from its platform on May 26, 2023. The move comes amid a range of issues, including PayID withdrawals and license cancellations. However, Binance has not provided any specific reasons for the removal of these trading pairs. …
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