Binance


Policy

Binance Seeks Lobbyist as EU Finalizes Crypto Rules

The leading crypto exchange wants to extend its influence into the increasingly regulated bloc.

The European Parliament (FrankyDeMeyer/Getty Images)

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Crypto-Focused Custodia Bank Denied Federal Reserve System Membership

Two weeks ago, Caitlin Long-founded Custodia Bank (formerly Avanti Bank), which is not yet in operation, learned the U.S. Federal Reserve Board had denied its application for membership, which would have formalized an association with the general reputation of the U.S. central bank. This comes amid continued Binance woes. "The Hash" hosts discuss why this is potentially alarming for crypto banking and the larger industry.

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Binance Plans to Set Up Crypto Consortium to Rebuild Industry Trust: Source

Binance, the world’s largest cryptocurrency exchange by trading volume, is helping assemble a consortium of crypto companies with a view to rebuilding trust in the industry and is taking on an active role in coming regulations, according to a person with knowledge of the plans. "The Hash" panel discusses the latest move from Binance and the potential outcomes.

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Opinyon

Aspiring Crypto Bank’s Plight Shows Binance’s Issues Are Just Part of the Story

Custodia Bank’s membership rejection by the Federal Reserve Board is more alarming for crypto banking than the recent troubles of Binance, Juno and Signature Bank combined.

Caitlin Long attends Consensus 2019 in New York City.  (Steven Ferdman/Getty Images)

Markets

Crypto Derivative Volumes Saw Speedy Growth as Prices Rose in January

The numbers suggest speculation, not accumulation, was behind sizable gains for bitcoin and ether, according to a report.

Kanchanara/Unsplash)

Finance

Binance Is Organizing a Consortium to Try to Rebuild Trust in Crypto: Source

Several companies have already signed up to join, including other crypto exchanges and blockchain analytics firms, according to a person familiar with the plans.

(Danny Nelson/CoinDesk)

Finance

Binance APAC Head Suggests Full Audit of the Crypto Exchange Isn't Happening Soon: Bloomberg

Finding an auditor for the whole balance sheet is difficult given the complexities of auditing crypto assets due to challenges like price volatility.

(Moreimages/Shutterstock)

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WazirX Refutes Binance Allegations, Plans To Seek Recourse

Indian cryptocurrency exchange WazirX has said, "allegations made by Binance in their blog are false and unsubstantiated," and is taking the necessary steps to seek recourse and protect its legal rights, according to its blog post published on Tuesday. "The Hash" panel discusses the latest developments in an ongoing public spat between Binance and WazirX.

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Finance

WazirX Calls Binance Allegations 'False and Misleading,' Plans to Seek Recourse

Binance had given WazirX an ultimatum to retract what it called false public statements or stop using Binance's wallets.

Changpeng Zhao, commonly known as "CZ", founder and CEO of Binance, at Davos in 2023. (Casper Labs)

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Binance to Pause US Dollar Bank Transfers This Week; Genesis, DCG Reach Initial Agreement With Main Creditors: Source

Crypto exchange Binance is temporarily suspending U.S. dollar bank transfers starting on Wednesday. Binance's U.S. division, Binance.US, is not affected by the suspension, according to a tweet from Binance.US Customer Support. Separately, crypto conglomerate Digital Currency Group (DCG) and its bankrupt Genesis subsidiaries reached an in-principle agreement on terms of a restructuring plan with a group of the firm’s main creditors, according to a CoinDesk source. DCG is also the parent company of CoinDesk.

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