Binance has confirmed that it has commenced operating nodes on the Bitcoin Lightning Network. This move aligns with their strategic objective of integrating the Lightning Network to facilitate seamless deposits and withdrawals. On June 20, 2023, Binance confirmed this development in a tweet, responding to observant users who had noticed ...
Binance.US has opposed the U.S. Securities and Exchange Commission’s (SEC) motion for a temporary restraining order that seeks to freeze its assets. In a filing submitted on June 12, 2023, Binance.US labelled the SEC's emergency application as "draconian and unduly burdensome," claiming that it would effectively result in the company's ...
Binance is currently facing challenges in its business endeavours in South Korea due to legal issues with financial regulators in the United States. The U.S. SEC recently filed a lawsuit against Binance; it accused the crypto exchange of commingling user funds and violating multiple securities regulations. The regulator brought 13 ...
Robinhood is taking proactive measures in response to recent actions by the U.S. Securities and Exchange Commission (SEC) against Binance and Coinbase. The popular retail brokerage platform is reportedly investigating its cryptocurrency services and carefully reviewing the regulator's stance to determine its course of action. The SEC's recent legal action ...
The United States Securities and Exchange Commission (SEC)'s recent lawsuit against Binance has substantially impacted both the crypto market and the exchange's financial position. Since the announcement of the lawsuit, there has been an increase in user withdrawals of Bitcoin, Ethereum, and Stablecoins from Binance's exchange platform. However, it is ...
Binance has announced the appointment of Rachel Conlan as its new Vice President of Global Marketing. Conlan will assume the responsibility of overseeing and guiding Binance's regional and international marketing teams. Conlan brings with her a wealth of experience in the field, having previously served as the global manager of ...
Binance recently announced that it had obtained the highly respected ISO 27001 and ISO 27701 certifications. These certifications, which focus on information security governance and privacy information management, were granted to Binance in three jurisdictions: France, Bahrain, and the United Arab Emirates (UAE). The external auditor responsible for assessing Binance's ...
Bitcoin prices have dropped by 20% when traded against the Australian dollar on Binance Australia. The platform users are reportedly converting their cryptocurrency holdings into Australian dollars because of fears that the withdrawal window for nearby banks may close in a few days, preventing users from accessing their funds. Binance ...
Gulf Binance, a collaborative project between Binance and Gulf Innova, the innovation arm of Gulf Energy, has received regulatory approval from the Ministry of Finance in Thailand to operate as a digital asset provider. This regulatory approval enables Gulf Binance to establish and operate a cryptocurrency exchange under the supervision ...
Australian cryptocurrency exchanges are addressing concerns following the temporary suspension of Australian dollar services by Binance Australia's payments provider, Zepto, on May 18, 2023. While experts believe the issue is specific to Binance and not widespread, they caution that risks still exist in the industry. BTC Markets CEO Caroline Bowler ...
