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Tag: Binance

SEC’s Reliance on Terra Case Sparks Debate in Binance and Coinbase Lawsuits
10Jan By CryptolifedigitalNo Comments
Blockchain

SEC’s Reliance on Terra Case Sparks Debate in Binance and Coinbase Lawsuits

The ongoing legal battle between the US Securities and Exchange Commission (SEC) and major crypto exchanges Binance and Coinbase has taken an intriguing turn as the SEC filed a notice of the supplemental authority, citing the judgment in SEC v. Terraform Labs as a significant precedent. However, legal experts, including prominent figure Bill Morgan, have raised questions about the direct relevance and applicability of the Terra ruling to the SEC's cases against Binance and Coinbase. Read Also: Shiba Inu Ignites Crypto Frenzy: Surges in Token Burn Rate Propel Bullish Run and Price Gains The SEC's strategic move to leverage the Terra ruling The SEC's strategic move to leverage the Terra ruling in its case against Binance, Binance.US, and former CEO Changpeng 'CZ' Zhao aims to influence ...
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Binance Announces Massive LUNC Burning Day: A Strategic Move to Enhance Tokenomics
31Dec By OLAJIDE SAMUELNo Comments
Cryptocurrency

Binance Announces Massive LUNC Burning Day: A Strategic Move to Enhance Tokenomics

In a groundbreaking development, Binance, one of the world's leading cryptocurrency exchanges, has declared tomorrow as "LUNC Burning Day," signalling a significant event in the platform's ongoing efforts to optimize tokenomics and bolster investor confidence. This strategic move is poised to have far-reaching implications for the LUNC token and the broader crypto community. https://twitter.com/terra_army/status/1741462459633090731 Binance is an active LUNC Burner Binance, known for its innovative practices, has been proactive in adapting to the evolving crypto landscape. The decision to conduct a massive LUNC burning underscores the platform's commitment to maintaining a robust and sustainable ecosystem. LUNC, the native utility token of Binance, plays a crucial role in the exchange'...
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Changpeng Zhao’s Rollercoaster Year: From Legal Challenges to Surging Wealth
27Dec By OLAJIDE SAMUELNo Comments
Crypto Exchanges

Changpeng Zhao’s Rollercoaster Year: From Legal Challenges to Surging Wealth

Changpeng Zhao, commonly known as CZ, has navigated a tumultuous yet financially rewarding year in 2023, witnessing a remarkable surge in his net worth despite legal challenges and significant changes in his professional roles. As of 2023, CZ has secured the 35th position on the Bloomberg Billionaires Index, experiencing a staggering $24 billion increase in his net worth over the year. This surge is a testament to Zhao's enduring impact on the cryptocurrency industry, solidifying his status as one of its most notable figures. Read Also: XRP Community Divided: Ethical Dilemmas Arise Over Proposed Escrow Burn Zhao's journey in the crypto space began in 2013, with key roles in projects like Blockchain.info and serving as the Chief Technology Officer (CTO) of OKCoin. However, his pivo...
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Terra Classic Development Expands as Binance Introduces USTC Trading Pairs Alongside BLUR, DYDX, and SUPER”
29Nov By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Terra Classic Development Expands as Binance Introduces USTC Trading Pairs Alongside BLUR, DYDX, and SUPER”

In a significant stride for the Terra Classic (LUNC) ecosystem, Binance, a global cryptocurrency exchange, has announced the introduction of new trading pairs featuring USTC (Terra Classic's algorithmic stablecoin) alongside BLUR, DYDX, and SUPER. Scheduled to commence trading on November 30, 2023, at 08:00 (UTC), these additions mark a pivotal moment for Terra Classic's development and offer users expanded opportunities for engagement within the ecosystem. Read Also: XRP Joins Bitcoin in Bullish Surge: BlackRock's Move and Bitcoin ETF Approval Prospects Spark Crypto Market Anticipation https://twitter.com/LunaClassicLabs/status/1729805907242922029 Diversification of Trading Pairs BLUR/FDUSD Trading Pair: The inclusion of the BLUR/FDUSD trading pair expands the range of...
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Binance Charity Commits Substantial Aid to Morocco’s Earthquake Victims
12Sep By CryptolifedigitalNo Comments
Crypto Exchanges

Binance Charity Commits Substantial Aid to Morocco’s Earthquake Victims

Morocco - In the wake of Morocco's most devastating earthquake in a century, which struck on September 8, 2023, with a destructive magnitude of 6.8, the death toll has tragically surpassed 2,000 people. However, a ray of hope has emerged as Binance Charity has declared its unwavering commitment to assist the affected regions in their recovery efforts. Binance Charity's Pledge Binance Charity has pledged to provide critical support to underprivileged communities in Morocco affected by this catastrophic event. Their mission is to offer immediate relief enhance transparency in charitable work and foster a positive impact on society. Read Also: Reviving $LUNC: Strategies for a Comeback To identify eligible beneficiaries, Binance Charity will employ a Proof of Address (POA) validation p...
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Binance Conducts Batch 12 LUNC Burn, Reducing Terra Classic’s Total Supply Below 6.84T
2Aug By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Binance Conducts Batch 12 LUNC Burn, Reducing Terra Classic’s Total Supply Below 6.84T

In a show of continued support for the Terra Classic ecosystem, Binance, the world's largest crypto exchange by trading volume, conducted its batch 12 LUNC burn on August 1. The burn resulted in the permanent removal of over 1.41 billion LUNC tokens from circulation in a single transaction. This move successfully reduced Terra Classic's total supply below 6.84 trillion tokens. Read Also: Binance Japan K.K. Launches, Offering Japanese Users Unprecedented Access to Tradable Tokens and Innovative Financial Products Binance conducts 12 LUNC Burn On-chain data revealed that Binance burned exactly 1,412,760,563 LUNC at I:36 PM UTC on Tuesday. The burned amount accounted for 50% of Binance's trading fees on LUNC spot and margin trading pairs, which were accumulated between June 30 and July 3...
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Binance Japan K.K. Launches, Offering Japanese Users Unprecedented Access to Tradable Tokens and Innovative Financial Products
1Aug By Adaralegbe Tosin MNo Comments
Crypto Exchanges

Binance Japan K.K. Launches, Offering Japanese Users Unprecedented Access to Tradable Tokens and Innovative Financial Products

Tokyo, Japan - In a major development for the cryptocurrency industry, the world's leading digital asset exchange, Binance, has officially launched in Japan as Binance Japan K.K. The launch marks a significant milestone for the company and the Japanese crypto community, granting users in the country access to an extensive range of tradable tokens, solidifying Binance's position as the premier exchange for Japanese investors. Binance Japan launches to offer users Unprecedented Access to Tradable Tokens With the launch of Binance Japan K.K., Japanese users gain unparalleled access to a diverse selection of tradable tokens, surpassing any other exchange in the country. This development is set to revolutionize the local cryptocurrency landscape, allowing traders to explore new investment opp...
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Binance Announces Listing of FDUSD, First Digital Labs’ USD-Backed Stablecoin
26Jul By OLAJIDE SAMUELNo Comments
Crypto Exchanges

Binance Announces Listing of FDUSD, First Digital Labs’ USD-Backed Stablecoin

In a significant development for the cryptocurrency market, Binance, one of the world's leading cryptocurrency exchanges, has officially announced the listing of FDUSD, a 1:1 USD-backed stablecoin issued by First Digital Labs. The news was shared by Binance on their official Twitter handle, generating excitement and anticipation within the crypto community. Read Also: Shiba Inu (SHIB) Shows Steady Growth Amidst Speculation of Future Rallies https://twitter.com/binance/status/1684051409199857664 Binance to list FDUSD FDUSD is set to become the latest addition to the diverse range of stablecoins available on Binance's platform. As a stablecoin, FDUSD is designed to maintain a stable value by being pegged to the US Dollar at a 1:1 ratio. This pegging ensures that the value of one FDUS...
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Binance CEO Responds to Rumors of Employee Departures Amid Regulatory Investigations
7Jul By OLAJIDE SAMUELNo Comments
Crypto Exchanges

Binance CEO Responds to Rumors of Employee Departures Amid Regulatory Investigations

Changpeng Zhao (CZ), the CEO of Binance Exchange, has addressed the recent rumours surrounding employee departures at the company. The speculations gained traction on news outlets and social media platforms over the past 24 hours, primarily focusing on the reported reasons behind the resignations. Executives at Binance Plan to leave due to CZ's response According to an article by Fortune, citing unnamed sources, several Binance executives, including general counsel Han Ng, Hillmann, and Christie, have chosen to leave their positions at the exchange due to CZ's response to investigations by regulators in the United States. In response to the rumours, Hillmann and Christie took to Twitter to confirm their departures but did not explicitly mention the exchange's regulatory challenges. Ch...
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