Search results
Results from the WOW.Com Content Network
Binance.US holds U.S. dollar deposits at custodial bank accounts, which are typically insured by the FDIC for up to $250,000 per customer. To date, Binance.US has not reported any security issues.
Crypto exchange Binance.US said on Thursday it is stopping U.S. dollar deposits and users will soon not be able to withdraw dollars from the exchange, after U.S. financial regulators said they ...
(Reuters) -Coinbase Global said on Wednesday that all services on its website have been restored after an issue earlier in the day caused some users to see zero balance across their accounts.
In response, Binance and other investors opened Binance.US, a separate exchange designed to comply with all applicable US federal laws. [136] In May 2021, Bloomberg News reported that Binance was under investigation by the United States Department of Justice and Internal Revenue Service for money laundering and tax evasion . [ 137 ]
[32] [31] The sale of Binance's holdings in FTT, compounded with the low trading volume of FTT and the enmity between Zhao and Bankman-Fried, resulted in the price of the token plummeting. [33] [34] [35] Binance had received FTT from FTX in 2021 during a transaction in which FTX bought back Binance's equity stake in FTX. [36]
The legal status of cryptocurrencies varies substantially from one jurisdiction to another, and is still undefined or changing in many of them. [1] Whereas, in the majority of countries the usage of cryptocurrency isn't in itself illegal, its status and usability as a means of payment (or a commodity) varies, with differing regulatory implications.
For premium support please call: 800-290-4726 more ways to reach us
On January 27, 2022, Qubit Finance (DeFi) lost around $80M worth of Binance Coin due to a flaw in the smart contract that enabled the withdrawal of the said amount in exchange for a deposit of 0 ETH. [33] In March 2022, [34] the largest cryptocurrency theft of the year, US$625 million in ether and USD coin was stolen from the Ronin Network ...