Binance ecosystem
Binance ecosystem

Binance launches Bitcoin mining cloud services amid SEC crackdown in the US

Beginning June 15, users who are interested in Bitcoin mining but who lack the equipment can subscribe to Binance’s cloud mining services. NEWS Crypto exchange Binance announced the launch of new subscription-based could mining products dedicated to Bitcoin  BTC $24,852  mining.  Starting June 15, users that are interested in Bitcoin mining but lack the equipment […]

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Binance ecosystem

SEC and Binance.US to negotiate deal avoiding total asset freeze

United States District Judge Amy Berman Jackson has ordered the two entities to work toward a compromise. NEWS Binance.US and the United States Securities and Exchange Commission have agreed to work on an arrangement that will allow the exchange to avoid freezing all of its assets. On June 14, Bloomberg reported that U.S. District Judge Amy Berman […]

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Binance ecosystem

Binance.US hires former SEC enforcement official amid lawsuit: Report

Former SEC enforcement co-director George Canellos reportedly joins the Binance.US legal team as the firm faces challenges to keep its assets unfrozen. NEWS United States-based crypto exchange Binance.US has reportedly hired a former enforcement official for the U.S. Securities and Exchange Commission (SEC) as part of the legal team to defend itself against allegations of […]

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Binance ecosystem

Binance CEO CZ responds as data points to billions in exchange outflows

Data analytics platforms have reported billions of dollars in outflows from Binance over the last week, but this can be misinterpreted, argues Changpeng Zhao. NEWS While data suggests that crypto assets have been flowing out of centralized exchanges at an accelerated pace over the last week, Binance CEO Changpeng Zhao argues it may not be […]

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Binance ecosystem

ARK Invest buys Coinbase shares the same day SEC serves lawsuit

ARK Invest bought over 400,000 shares of Coinbase stock totaling more than $21 million on the day the SEC served the exchange with a lawsuit. NEWS The same day cryptocurrency exchange Coinbase was served with a lawsuit from the United States Securities and Exchange Commission, ARK Invest added more stock to its Coinbase holdings.  According to investor […]

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Binance ecosystem

What asset freeze? Binance BTC outflows muted as users shun panic selling

Exchange Bitcoin holdings, unlike Ether, appear stable in light of the Binance and Coinbase lawsuit news. MARKETS NEWS Bitcoin  BTC $26,430  hitting three-month lows did not spur hodlers to panic sell, on-chain data shows. According to analytics firm Glassnode, BTC investors have largely ignored the latest crypto exchange legal battles. On-chain losses “remain quiet” BTC/USD dipped to […]

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Binance ecosystem

Price analysis 6/7: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

Bitcoin and most major altcoins are facing selling at higher levels, but there are no signs of panic selling at the moment. PRICE ANALYSIS Bitcoin and altcoins have been volatile in the past two days, as the cryptocurrency markets come to terms with the actions of the United States Securities and Exchange Commission (SEC) against two of the […]

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Binance ecosystem

Binance.US coins trade at premium amid litigation fears, fiat gateway issues

Stablecoins such as USDT and USDC were trading for 3 to 4% higher than par value at the time of publication. NEWS On June 7, multiple coins and tokens listed on Binance.US, the United States subsidiary of cryptocurrency exchange Binance, began deviating from their fair value to trade at premiums. Coins such as Bitcoin  BTC $26,432  and […]

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Binance ecosystem

CEX trading volumes fell to 4-year lows even before Binance, Coinbase suits

Monthly trading volumes on centralized exchanges continued to fall in May as regulators tighten their grip on the industry. NEWS Trading volumes on centralized exchanges have fallen to their lowest levels in more than four years amid mounting regulatory pressure from United States regulators and lawmakers. According to a June 7 report from crypto analytics firm CCData, combined spot […]

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Binance ecosystem

Binance plans new round of layoffs amid increased regulatory scrutiny

Binance’s chief strategy officer Patrick Hillmann hinted on Twitter the resource reorganization is meant to address growing regulatory pressures targeting the crypto space. NEWS A fresh headcount reduction is coming to crypto exchange Binance, which is reportedly planning to lay off 20% of its workforce in June. The job cuts come after the company said earlier this […]

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