Binance launches internal investigation following KYC bypass rumors
Following allegations that Binance employees and volunteers help users bypass KYC protocols, the crypto exchange says it is launching an internal investigation. This post was originally published on this site
Binance spot trading halted due to issue on trailing stop orders
Binance announced that spot trading on the platform experiences an issue, the crypto exchange is working on to resolve the problem.This post was originally published on this site
Coinbase Tries AI Assistant Chatgpt for Pre-Listing Risk Assessment of Tokens
Crypto exchange Coinbase has tested Openai’s Chatgpt as a token verification tool comparing it with its standard security procedure. In over half of the cases, the AI platform produced the same results as the manual review, but it also failed to recognize some high-risk assets. Chatgpt Approves 5 High-Risk Tokens, Coinbase May Use It for […]
Binance replaces BUSD in SAFU fund with TUSD and USDT
Binance assured users that the change would not impact them in any way and that their funds would continue to be held in publicly verifiable addresses. This post was originally published on this site
Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation
During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million BUSD stablecoins have been redeemed. Stablecoin Depegging Event Triggers Billions in Redemptions The stablecoin landscape […]
Binance-Voyager deal to proceed without holdings, NY judge rules
According to Judge Michael Wiles, any protractions with the deal will harm the interests of Voyager’s former clients, who are waiting for the return of their funds.This post was originally published on this site
British Bank Natwest Implements New Limits on Cryptocurrency Payments to Combat UK Crypto Scams
On March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptocurrency payments, citing crypto scams that cost U.K. consumers £329 million annually. The limit imposed on crypto exchanges is £1,000 daily ($1,215), with a 30-day limit of £5,000 ($6,077). Natwest’s Cautious Approach Towards Crypto Assets Prompts Another Transfer Limit Amid the banking […]
Uniswap launches on BNB Chain ecosystem to drive growth and liquidity
After receiving the support of a significant majority of 66% of voters in February, the deployment of Uniswap Protocol v3 is now operational on BNB Chain.This post was originally published on this site
Binance to Restrict Ukrainian Hryvnia Operations Via 2 Payment Providers
Crypto exchange Binance will stop processing transactions with Ukrainian hryvnia through two payment platforms later in March. The move follows an earlier suspension of deposits and withdrawals using bank cards in the national currency of Ukraine. Ukrainian Users Lose More Fiat Options to Trade on Cryptocurrency Exchange Binance The world’s leading digital asset exchange in […]
Coinbase disables trading for BUSD
Coinbase assured users that their BUSD funds will remain accessible and that they will still be able to withdraw funds at any time.This post was originally published on this site