Binance

According to the news on February 23, many Australian users reported in the community that they could not use the Binance Earn product, suggesting that due to regulatory restrictions, the service would not be provided to the location. Other users receive a reminder to close the position and account of Binance Australia derivatives immediately, unless they prove that they are Wholesale clients. Others replied that in Australia, you must meet the complex investor classification to use derivatives. This is not shocking. Interpretation of this information: The news on February 23…

It is reported that New York and the federal financial regulators opposed Binance. US’s purchase of Voyager for US $1.02 billion and said it was discriminatory and illegal. SEC said that, given that the plan envisaged how to repay the former customers of Voyager, the contents of the proposed transaction between Binance.US and Voyager may also violate the law. Interpretation of this information: The recent news that New York state and federal financial regulators have opposed Binance’s purchase of Voyager for $1.02 billion has raised concerns and sparked debates in…

According to the official announcement on February 23, Binance will launch SSV/USDT and VIB/USDT trading pairs at 16:00 on February 24. Interpretation of this information: Binance, one of the world’s largest cryptocurrency exchanges, has recently announced the launch of two new trading pairs, SSV/USDT, and VIB/USDT, that will be available for trading on February 24th at 4:00 PM GMT. This announcement comes as part of Binance’s continued efforts to expand its trading offerings and provide greater liquidity for its users. It’s also an indication that the exchange has recognized the…

It is reported that stabilizing the currency market has become a major goal of US regulators. After the news that BUSD (the dollar-based stable currency of Binances managed by Paxos) has become the target of regulators, industry observers began to suspect that the next shoe would fall. According to Nansen, a cryptographic analysis company, the wallet on Binance is adding a large amount of USD stable currency of Circle. One of Binance’s wallets currently holds more than US $1.8 billion in USDC, which is the highest amount in the past…

According to reports, Binance said in a social media message that 2 billion BNB Chain BUSDs will be destroyed today, and the Ethereum BUSDs as collateral will be released. Interpretation of this information: In a social media message released on June 29th, cryptocurrency exchange Binance announced that it would be destroying 2 billion BUSDs (Binance USD) that are built on the Binance Smart Chain. The exchange also stated that the Ethereum BUSDs would be released as collateral. For those unaware, BUSD is a stablecoin that is pegged to the US…

According to the official announcement, Binance will launch the CFX 1-20 times U standard perpetual contract at 22:30 on February 20. Interpretation of this information: Binance, one of the world’s leading cryptocurrency exchanges, has announced the launch of a new derivative product called CFX 1-20 times U standard perpetual contract. This announcement comes as the trading of cryptocurrency derivatives has gained immense popularity among investors who seek to mitigate the heightened price volatility in cryptocurrencies while still being able to invest in them. The CFX 1-20 times U standard perpetual…

It is reported that CZ, the chief executive of Binance, said in response to the news that “Binance is considering removing the Token of all US projects including USDC” spread on the internet, this is false news and said that the blockchain has no borders. Interpretation of this information: The CEO of Binance, CZ, has recently addressed rumors that the cryptocurrency exchange is considering removing the Token of all US projects, including USDC. CZ has labeled the rumors as false news, stating that the blockchain has no borders. The concept…

According to the news, Reuters reported on Thursday that the cryptocurrency exchange Binance transferred about US $400 million of funds from the Silvergate Bank account of Binance US to a trading company named Merit Peak. According to the report, Binance transferred funds from BAM Trading’s Silvergate account from January 2021 to March 2021. BAM Trading is the name of the entity that operates Binance US. Merit Peak is a trading company, and the United States Securities and Exchange Commission (SEC) is investigating its relationship with Binance. A Binance spokesman did…

On February 17, according to the official news, Binance will support the new and old contract swap of TRON (TRX), and will suspend the TRX (BEP20) replenishment at 12:00 on February 27, Beijing time. Spot trading, margin trading, futures trading, Binance Pay and Simple Earn subscriptions will not be affected during the contract swap period. Interpretation of this information: Binance, one of the largest cryptocurrency exchanges, made an official announcement on February 17 that it will support the new and old contract swap of TRON (TRX). This means that users…

It is reported that, according to the monitoring of Lookonchain, in the past seven days, three giant whales have purchased a total of 1.6 million APEs (about US $8.5 million) from Binance and pledged them. Among them, the address beginning with 0x09BC purchased 750954 APEs at a price of about US $5.16 (worth about US $3.87 million). The address beginning with 0xb0ec purchased 663681 APEs (worth about $3.62 million) at a price of about $5.45. The address beginning with 0x3A51 purchased 187890 APEs (worth about US $1 million) at a…

It is reported that the monitoring data of Whales Alert shows that 49.99 million TUSD stable coins have been minted at Binance. Interpretation of this information: The message pertains to the latest report from the Whales Alert monitoring platform. According to the report, Binance has minted approximately 49.99 million TUSD stable coins. Stable coins, as the name suggests, are cryptocurrencies that aim to maintain a stable price value. These coins are sometimes pegged to major fiat currencies like the US dollar, and the value of one stable coin equals the…

On February 14, CZ said in a speech on Binance’s official Twitter Space that Binance invests in all aspects of the encrypted wallet. The wallet ecosystem is very important. The encrypted wallet is the browser of Crypto, and Binance will continue to invest in the wallet. Interpretation of this information: On February 14th, CZ, the founder and CEO of Binance, made a statement on Binance’s official Twitter Space regarding Binance’s investment in the encrypted wallet space. CZ emphasized the importance of the encrypted wallet ecosystem, describing it as the browser…

On February 14, CZ said in a statement on Binance’s official Twitter Space that it does not own any NFT, only BTC and BNB, and I do not engage in any market-related trading operations. Interpretation of this information: On February 14, CZ, the CEO of Binance, a leading cryptocurrency exchange platform, made a statement on the company’s official Twitter Space. In the statement, CZ clarified that Binance did not hold any non-fungible tokens (NFTs), and only held Bitcoin (BTC) and Binance Coin (BNB). Furthermore, he stated that he did not…

According to the news on February 14, CZ responded to the query of Twitter users about “rumor that Coin On is about to launch Blur (BLUR)”: “False. Any project that claims to ‘will’ launch (Coin On) will be blacklisted.” Interpretation of this information: The cryptocurrency exchange, Binance, recently responded to a query from a Twitter user regarding a rumor about Coin On launching their new cryptocurrency, Blur (BLUR). As per the news on February 14, Binance CEO, CZ, replied to the query and stated that the rumor was false. Moreover,…

On February 14, Zhao Changpeng, the founder of Binance, said in reply to the relevant proposal of “suggesting that Binance issue decentralized stable coins similar to DAI next”, “At this juncture, we prefer to have others do it to make it more decentralized. We can’t do everything. Thank you for your support.” Interpretation of this information: The world of cryptocurrency has seen a significant increase in the development of stable coins. These coins, which are pegged to the value of assets like the US dollar or gold, aim to reduce…