Central issues: LeverFi Cultivating Stores moved an incredible 3.3 billion $LEVER tokens ($6.36M) to DWF Labs, cementing their organization in blockchain and DeFi. LeverFi Cultivating Stores decisively saved 1.14 billion $LEVER tokens ($1.95M) into Binance and 60 million $LEVER tokens ($103K) into Bybit, improving liquidity and availability. The cost of $LEVER took off by almost…
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Central issues: In order to enhance trading conditions and lessen the likelihood of liquidation, Binance has announced that, as of September 2, it will make adjustments to the leverage and margin levels for CYBERUSDT U-margined perpetual contracts. Additionally, traders will be able to better respond to market dynamics thanks to Binance Futures’ increase in the…
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Central issues: Binance FZE becomes the first exchange in the region to receive an Operational MVP license from Dubai’s Virtual Assets Regulatory Authority. The permit empowers the trade to offer virtual resource trade and specialist seller administrations to institutional and qualified retail financial backers in Dubai. Dubai’s Virtual Assets Regulatory Authority (VARA) has granted Binance FZE, the…
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Key Points: Binance has effectively coordinated BTC on Lightning Organization, and the store and withdrawal capability has gone live. The objective of this initiative is to make use of the second-layer solution provided by the Lightning Network in order to make it possible to conduct Bitcoin transactions at prices that are both cheaper and faster.…
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Key Points: Following tensions with the SEC, European authorities are conducting an investigation into Binance. After the exchange was prosecuted and charged with trading coins earlier this month, the SEC has requested information about the exchange’s actions from a number of European nations. After the exchange left the Netherlands, French authorities also intervened to investigate…
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Key Points: Binance. The US has announced that its OTC Trading Portal will be shut down. On June 8, the trade will in like manner delist exchange matches. The move comes after the Securities and Exchange Commission of the United States filed a lawsuit against Binance on June 5, claiming that the company had broken…
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Key Points: Cathie Wood believes that Coinbase will benefit from Binance’s current problems. This makes it feasible for Coinbase to wipe out the most grounded rival on the lookout. While both of the world’s biggest cryptographic money trades face a SEC claim for purportedly selling unregistered protections, she said Coinbase has the advantage. Bloomberg reports…
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Key Points: Binance demands the Ontario Protections Commission, Canada, to drop its analytical orders with respect to the trade’s protections infringement. A few days after receiving notices of an investigation by regulators to determine whether it was attempting to circumvent securities laws, the exchange left the Canadian market. Today, a hearing will be held to…
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Key Points: Changpeng Zhao, CEO of Binance, addressed the issue and refuted the layoff allegations. CZ emphasized the company’s significance to talent and profitability. He likewise focused on his obligation to cost-cutting endeavors. The announcement of layoffs at the cryptocurrency exchange received comments from Binance CEO Changpeng Zhao. CZ branded the layoff rumor with the…
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Central issues: An emergency meeting with the top five Korean cryptocurrency exchanges and Binance will be held by the Korean National Police Agency. The purpose of the meeting was to develop a system that would enable them to request wallet address confirmation and freeze funds from five domestic and global exchanges like Binance. The top…
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