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Binance
Australia to Release Draft Legislation for Crypto Exchanges in 2024; Is Binance Too Big to Fail?
Host Angie Lau breaks down the latest developments in crypto legislation around the world as Australia proposes a move towards a clear regulatory framework for digital asset platforms. Plus, a deep dive into crypto exchange Binance's ongoing legal battle. Those stories and other news shaping the cryptocurrency world are in this episode of "Forkast IQ."
Binance Says It Has Onboarded New Euro Fiat Partners for Deposits, Withdrawals
Paysafe, the crypto exchange's former service provider for euro transfers, ended support last month.
Gemini, Genesis, DCG Sued by New York Attorney General; Coinbase Picks EU Hub
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including a new prediction from Morgan Stanley Wealth Management about the end of crypto winter. Coinbase picks a new EU hub. New details on FTX using customer funds to buy back the firm’s stake held with Binance. And, New York Attorney General Letitia James filed a lawsuit against crypto firms Gemini, Genesis Global Capital, and Digital Currency Group. CoinDesk is owned by DCG.
FTX Used Billions in Customer Funds to Buy Back Binance Stake
Binance CEO Changpeng Zhao said in a 2022 post the company had received over $2.1 billion in binance usd (BUSD) stablecoins and FTX’s FTT tokens.
Why Binance, Coinbase, Ripple and Other Crypto Firms Cite the ‘Major Questions’ Doctrine During Legal Imbroglios
A controversial legal doctrine meant to curb overzealous regulators has become the pièce de résistance in several of the crypto industry's arguments against SEC encroachment.
Binance.US Halts Direct Dollar Withdrawals
U.S. dollar deposits in user wallets are no longer eligible for FDIC insurance protection, according to the updated terms of use.
Israel Freezes 100 Binance Accounts Over Suspected Hamas Links: FT
Authorities requested information on some 200 other crypto accounts, the FT said, citing people familiar with the matter.
SEC Not Willing to 'Publicly Assert That Ether Is a Security Right Now': Former CFTC General Counsel
For CoinDesk's State of Crypto Week, presented by Chainalysis, Daniel Davis, former CFTC general counsel and a current partner at Katten Muchin Rosenman LLP, discusses why the U.S. Securities and Exchange Commission (SEC) is not willing to "publicly assert that ether is a security right now." Davis also noted the agency did not list ether as a security "when they brought enforcement actions against platforms like Coinbase and Binance."
Binance to Stop Accepting New U.K. Users to Comply With Ad Rules
The firm will stop accepting new users starting Monday after U.K. regulator FCA last week restricted Binance's local partner from approving crypto ads.
Binance Burns $450M BNB in Quarterly Move
The burn mechanism is based on BNB's price and the number of blocks generated on the BNB Smart Chain (BSC) during the quarter.
