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Crypto assets totaling $13.6m were transferred from the accounts of FTX and Alameda Research to the Coinbase and Binance exchanges. As Spot On Chain analysts reported, there were two large tranches in total. The amount of the first was $8.12 million. It included 46.5 million GRT, 972,073 RNDR, and 708,100 MKR. #FTX deposited $8.12M worth of 3 assets to #Coinbase ~3hrs ago, including: 46.5M $GRT ($4.85M) 972,073 $RNDR ($2.3M) 708.1 $MKR ($967K) As of Nov 1, 2023, #FTX and #Alameda Research have deposited a total of ~$78.1M worth of 22 #EVM tokens to exchanges. They still hold… https://t.co/9CNMobYsWW pic.twitter.com/VccnXjB6ab — Spot On Chain (@spotonchain) November 1, 2023 A few hours later, the companies conducted the second tranche in the amount of $5.49 million. It included 1.14 million DYDX, 192,888 AXS, 5858 AAVE. #FTX and #Alameda Research further deposited $5.49M worth of 6 assets $AAVE, $ALICE $AXS, #C98, $DYDX, $ZRX, to #Binance and #Coinbase ~30 mins ago. To...

Ahead of the forthcoming enforcement of the European Union’s Markets in Crypto Assets (MiCA) legislation, a top Binance representative is sounding the alarm about potential large-scale removal s of stablecoin s from the exchange. As legal experts wrestle with interpreting the EU’s pivotal crypto regulation, concerns are growing about its effect on decentralized and international token issuers. Despite MiCA’s status as a groundbreaking legislation in cryptocurrency governance, slated to come into full force next year, its guidelines on various types of crypto assets remain under scrutiny. The European Banking Authority (EBA) has emphasized the absence of an adjustment timeframe for already-existing coins, which raises questions about how the law will pertain to decentralized and offshore issuers. https://t.co/iEOIH8VlDo — Wu Blockchain (@WuBlockchain) September 21, 2023 MiCA’s Position on Stablecoins Expected to be operational by June 2024, MiCA...

Users were prevented from withdrawing their CYBER Earn assets on the exchange due to a cross-chain bridging issue. Crypto exchange Binance is refunding users 1 million Tether ($1 million) over its handling of the CyberConnect (CYBER) token incident . As narrated by the exchange on Sept. 7, a price discrepancy on listed CYBER tokens occurred the week prior due to a liquidity crunch constricting CYBER cross-chain bridges on Korean cryptocurrency exchange Upbit. This led to arbitrageurs borrowing CYBER from Binance to profit from the differential. In turn, Binance users who staked CYBER in its Flexible Earn Program were barred from redemptions as the staked assets had been borrowed, reaching the loan limit. The exchange stated: "Other than Proof-of-Stake (PoS) based products, a large part of crypto flexible financial products generate income by lending out subscribed assets to other users via Margin or collateralized loans. Under extreme conditions, borrowers may not be able to r...

Decentralized Crypto prediction market Polymarket is currently giving Binance a roughly 12% chance of becoming insolvent by the end of the year. And while this number may seem pretty low, the fact that the bet is being taken at all is noteworthy in itself. According to Polymarket ’s website, the bet, which went live on July 17, will resolve to ‘Yes’ “if it is announced by December 31, 2023, 11:59 PM ET that  Binance .com is insolvent or is filing/has filed for any variety of bankruptcy.” It will also resolve to ‘Yes’ if “ Binance.com withdrawals for BTC and/or ETH are suspended for a majority of users for at least 7 full days (168 hours) in a row by December 31, 2023, 11:59 PM ET.” If neither of the above criteria are met, this market will resolve to ‘no’. While Binance US and its performance aren’t taken into account for this wager, it’s worth taking into account that just las...

BNB Beacon Chain mainnet is set to undergo the "ZhangHeng" hard fork around July 19, which will bring new upgrades aimed at improving security. The Binance-operated BNB Beacon Chain mainnet is set to add a new feature in its upcoming hard fork, which will give the blockchain the ability to “halt” the production of new blocks if certain conditions are met. In a July 12 statement from BNB Chain, the “ZhangHeng” upgrade is expected to take place at block height 328,088,888, which it expects will occur on July 19. Important information about our latest upgrade ️https://t.co/4sJkTJbGeZ — BNB Chain (@BNBCHAIN) July 12, 2023 The hard fork will introduce Binance Evolution Proposal BEP-255, which seeks to implement "on-chain asset reconciliation" — which Binance believes could mitigate damage from potential cross-chain bridge exploits such as the Binance Smart Chain exploit on Oct. 7, 2022.  "Although some enhancements have been made to improve cross-chain security, ...

Also Read: Binance & Coinbase Witness $600Mn In Net Outflows As Investors Lose Trust advertisement In a latest, Cramer made yet another comment on the state of Binance in the lawsuit, to which the Binance management reponded aggressively. The CNBC host was asked to back his FTX related comparison with evidence as the exchange could later on ‘revisit’ the accusations. Jim Cramer’s Comparison Of Binance With FTX On Tuesday, Cramer was highly critical of Binance and Coinbase’s businesses, in the context of the back to back lawsuits from the SEC. Stating that investors should withdraw funds from Binance, he also compared the exchange’s position with that of fallen crypto exchange FTX. Apparently, this has not gone down well with the Binance leadership. Patrick Hillmann, the Chief Communications Officer at Binance, warned Cramer over his wild comparison. “Hey Jim Cramer , We will eventually revisit your on-air claims ye...

Cryptocurrency exchange Binance.US (a subsidiary of Binance) announced on March 23, that they will delist a handful of trading pairs for Binance USD ( BUSD ) citing low trading activity and usage. The low-advanced trading pairs for BUSD include Shiba Inu (SHIB) among various other cryptocurrencies. The delisting of BUSD advanced trading pairs will go into effect from March 29, 2023, at 11 PM Eastern Time (ET). The leading cryptocurrency platform confirmed that deposits and withdrawals will remain available for users. Also Read: Shiba Inu: You Can Now Become a SHIB Millionaire With Only $10 “Based on recent trading activity, Binance.US will remove and cease trading for 16 Adv. Trading BUSD pairs on 3/29/23 at 8 p.m. PT / 11 p.m. ET. Please review any trades or open orders that may be impacted. Deposits & withdrawals will remain available,” the tweet read. Based on recent trading activity, #BinanceUS will remove & cease trading for 16 Adv. Trading $BUSD pairs ...