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“# Binance Futures to limit leverage to 20x for existing users ” Binance, the world’s largest cryptocurrency exchange, continues adopting new leverage trading restrictions on its futures platform in a move to expand consumer protection. After introducing a 20x leverage limit for new users on July 19, Binance Futures is preparing to apply the same…
“# FXT token taps into Binance Smart Chain following ERC-20 success ” Crypto trading platform FXT announced the launch of a BEP-20 token after its ERC-20 token witnessed an impressive 1500% growth since its launch back in January 2021. The new token, which is built on the Binance Smart Chain (BSC), is designed to reduce transaction…
“# Binance US ‘looking at IPO route’, CZ says ” Binance US, a United States-based cryptocurrency exchange operating separately from Binance, is looking to go public despite the ongoing regulatory crackdown on Binance. Changpeng Zhao, founder and CEO of the global exchange Binance, talked about its ongoing regulatory issues and future plans at the blockchain…
“# NatWest cuts payment channels to Binance, citing regulatory uncertainty ” NatWest, a major United Kingdom-based retail and commercial bank, has blocked all credit and debit card payments to crypto exchange Binance until further notice, multiple users on social media reported on Thursday. “With an increase in scams relating to cryptocurrency and regulatory uncertainty around…
“# 3AC-backed DeFi protocol Tranchess launched to track Bitcoin performance ” Three Arrows Capital CEO Su Zhu has announced the launch of decentralized finance (DeFi) protocol Tranchess. Tweeting on Thursday, Zhu described Tranchess as a “Tokenized Asset Management and Derivatives Trading” protocol. While the project aims to become a multi-chain and multi-asset DeFi protocol, with…
“# Binance Australia partners with Koinly for tax reports as ATO ramps up compliance ” The Australian branch of leading cryptocurrency exchange Binance has increased the ability for users to accurately report tax liabilities amidst increased pressure from local tax authorities. Binance has partnered with cryptocurrency tax startup Koinly to assist users grappling with ever-increasing…
“# Bitcoin erases 2021 gains as BTC price falls to ‘biggest bid ever’ on Binance ” Bitcoin (BTC) breaking below $30,000 has cost it almost all of its 2021 bull run gains — but a historic silver lining is ready to rescue bulls. Data from crypto exchange Binance’s order book confirms that BTC/USD has almost…
“# Binance burns $390M worth of BNB tokens ” Major cryptocurrency exchange Binance has completed its 16th quarterly Binance Coin (BNB) burn, destroying over $390 million worth of BNB. On July 18, Binance reported that it had destroyed 1,296,728 BNB tokens valued at just under $400 million at the time. The exchange noted an additional…
“# Binance stops stock token sales, ‘effective immediately’ ” Binance’s highly popular stock tokens, a relatively recent offering, are being wound down immediately. In an announcement published on Friday, the exchange announced that “effective immediately,” stock tokens are unavailable for purchase on Binance.com. As of October 14, 2021, at 7:55 pm UTC, the exchange will…
“# Italian finance regulator issues warning on Binance crypto exchange ” Italy’s securities market regulator, the Italian Companies and Exchange Commission (CONSOB), has issued a statement, in which it said that Binance Group and affiliated companies are unauthorized to provide investment services and operate in Italy. The regulator specified that the warning refers to Binance.com, the main…