Binance
Binance Employees, Volunteers Tell Users How to Bypass China’s Crypto Ban: CNBC
Some employees and support volunteers at crypto exchange Binance are helping customers in China and worldwide subvert Binance's controls to hide their country of residence or origin, according to a CNBC report. "The Hash" panel discusses the potential weaknesses in Binance's know-your-customer and anti-money-laundering efforts and the revelations about the state of crypto in China despite a ban on all crypto transactions.
Bitcoin Gains Traction as Investors Shrug Off Banking, Fed Concerns
Innovating Capital General Partner Anthony Georgiades discusses how the crypto markets are reacting to Binance's temporary suspension of spot trading and the SEC's Wells Notice on Coinbase.
Binance Temporarily Pauses Spot Trading
Crypto exchange Binance suspended spot trading amid an issue on the world's most-used trading platform for cryptocurrencies. Binance CEO Changpeng Zhao said in a follow-up tweet that the issue is expected to be resolved in the coming hours and that the trading pause was a safety measure.
Binance to Convert $1B Worth of BUSD to Bitcoin, Ether, BNB and Other Tokens
Crypto exchange Binance said it would convert $1 billion worth of Binance USD (BUSD) to bitcoin (BTC), ether (ETH), BNB coin (BNB) and other tokens to support the market. "The Hash" panel discusses the transaction from Binance’s industry fund to BUSD, which Binance CEO Changpeng Zhao said on Twitter took 5 seconds and cost only $1.29.
Bitcoin Pulling Back Amid Issues at Crypto-Friendly Silvergate Bank
Bitcoin's annualized three-month basis, or the difference between futures and spot market prices, on offshore exchanges like Binance, OKX and Deribit, compared to the U.S.-regulated Chicago Mercantile Exchange (CME), show that the premium on the CME has dropped sharply to 2.2% over the past week. "All About Bitcoin" host Christine Lee breaks down the "Chart of the Day."
Questions Loom Over Binance's Stablecoin Collateral
According to Forbes, crypto exchange Binance moved $1.8 billion of collateral meant to back its customers' stablecoins to hedge funds last year. "The Hash" panel discusses why the reporting is raising significant questions about the management and custody of customer assets and stablecoin collateral by Binance.
Senators Reportedly Claim Binance Is a 'Hotbed of Illegal Financial Activity'
Three U.S. senators have written to Binance, the world's largest crypto exchange, asking for details about its money-laundering controls and accusing Binance of being a "hotbed of illegal financial activity," according to the Wall Street Journal. "The Hash" panel discusses what this means for Binance amid ongoing regulatory scrutiny.
Binance USD Stablecoin Outflows Hit Roughly $6B Since February: Report
Approximately $6 billion of outflows has hit Binance's stablecoin, BUSD, since Feb. 13, according to CoinGecko data compiled by Reuters. "First Mover" hosts weigh in on the latest developments after stablecoin issuer Paxos said last month it will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services.
Justin Sun: 'Confident' Huobi Will Secure Virtual Asset Service Provider License in Hong Kong
Huobi is gearing up to apply for a crypto exchange license in Hong Kong called the "Virtual Asset Service Provider license," as the city warms up to crypto. Justin Sun, founder of TRON, Huobi Global Advisor, and Ambassador of Grenada to the WTO, discusses the move, the state of crypto in Hong Kong, and the possible implications for retail investors in China. Plus, his thoughts on Binance, ETH staking, and the state of U.S. crypto regulation.
