On August 27th, Binance users spent close to one million dollars in Ethereum transaction fees in a single day, bringing the total amount of Ethereum gas fees paid within a 24 hour period to a new all-time high.
As Binance US grows quickly, weekly trade volume has dropped by an astonishing 99%. Three factors may explain this consequence: reduced trading activity among retail traders, higher US user fees, and the impact of the global pandemic.
The SEC has sworn to take legal action against BAM, alleging that its Ceffu wallet is related to Binance. It has stated that this wallet is in violation of the securities laws and must be stopped immediately.
As its US expansion plans continue, Binance has announced the resignation of its US executive, Brian Brooks. In a statement, CEO Changpeng Zhao praised Brooks’ work and expressed his commitment to the firm’s US development.
Curve (CRV) has experienced a sharp dip below its all-time lows, plunging to $0.39 as founder’s tokens are being moved to Binance. This marks a significant drop for the once-booming protocol, which had previously reached highs of $1.05 earlier this year.
Amid speculation of its demise, Binance CEO Changpeng Zhao responded to reports that the world’s largest crypto exchange is facing serious troubles, insisting that the company’s trading and overall business operations were not affected.
Binance, a major cryptocurrency exchange, has announced that it will reimburse its users up to $1M for losses caused by a vulnerability in its “Cyber Earn” service. The service has since been discontinued.
In 2023, Binance, the world’s largest crypto exchange, saw 10 key executives exit. Among them were the CTO, CPO, and VP of Business Development, including two Co-Founders. This list highlights the many changes seen at the company within the past year.
As one of the world’s leading cryptocurrency exchanges, Binance is dedicated to creating an ecosystem to support user-focused innovation. By empowering its users, Binance aims to become an inclusive, open, and secure platform for both consumers and businesses.
Binance, a leading cryptocurrency exchange, announced that it will delist several cryptocurrencies including WAVES, WINGS and Iconomi, beginning September 8. Binance users are urged to cancel orders, withdraw funds, and cease trading of these tokens.