Binance Admits that its Funds Management is not “Perfect”

Binance is reportedly planning to acquire renowned Indonesian crypto exchange Tokocrypto and is currently engaged in negotiations.

Binance began providing proof of reserve following FTX’s collapse to assure its users of its stability. A spokesperson said the exchange is working on moving the collaterals to a dedicated collateral wallet. Binance, the leading cryptocurrency exchange, has admitted that its management of users’ funds has not always been perfect and noted that it “mistakenly” … Read more

Binance Intensifies its NFT Listing Process – Bitnation

The bankruptcy court has given crypto exchange Binance the initial nod to go ahead with the purchase of Voyager Digital.

Binance was recently named a counterparty to the unknown exchange Bitzlato, which is currently being investigated for alleged money laundering in the US. Regulators have accused Binance of aiding money laundering and have increased their scrutiny of the exchange. Crypto giant Binance has tightened its requirements for nonfungible token listings, according to a release shared on … Read more

Binance Admits to Past Struggles with BUSD Peg – Bitnation

Binance

A Binance spokesperson claims the company has resolved the system flaw and that there was no redemption impact for users. Binance has emerged as a likely target of regulators, being the largest crypto platform by market share. Crypto exchange Binance confirmed on Tuesday that it previously had a flaw in its system that left the … Read more

Regulators Step in to Prevent Acquisition of Voyager Digital by Binance US

US regulators have filed a motion against the acquisition of assets belonging to Voyager Digital by Binance US for over $1 billion.

US regulators have filed a motion against the acquisition of assets belonging to Voyager Digital by Binance US for over $1 billion. The SEC, along with the U.S. Trustee within the Justice Department and state regulators from New Jersey and Vermont, have filed motions objecting to the deal. The regulators question the ability of Binance … Read more

Binance Denies Claims of Money Laundering Investigations –

Binance is reportedly planning to acquire renowned Indonesian crypto exchange Tokocrypto and is currently engaged in negotiations.

Reuters claims the DOJ’s inquiry involves prosecutors at the Money Laundering and Asset Recovery Section, the U.S. Attorney’s Office for the Western District of Washington in Seattle, and the National Cryptocurrency Enforcement Team. Binance, refuting reports of possible criminal charges, said it has a team of almost 300 cyber investigators collaborating with authorities around the … Read more

Singapore Regulator Explains Action Against Binance vs FTX — Warns Even Licensed Crypto Exchanges Can Fail – Regulation Bitcoin News

Monetary Autority of Singapore Clarifies Why It Treats Binance and FTX Differently — Warns Even Licensed Crypto Exchanges Can Fail

The Monetary Authority of Singapore (MAS), the regulator overseeing the crypto sector, has defended the action it took against crypto exchange Binance and not the collapsed crypto platform FTX. The central bank also warned that cryptocurrencies are “highly volatile and many of them have lost all value.” Singapore’s Central Bank Clarifies Its Stance on Binance … Read more

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