BinanceUS
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🚨 **Crypto Exchange Update** 🚨
Binance US has recently communicated to its users that their cryptocurrency deposits are no longer covered by the Federal Deposit Insurance Corporation (FDIC) insurance. Some key points:
- Binance US previously claimed to have FDIC insurance, safeguarding up to $250,000 in 2019.
- The change aligns with FDIC's recent statement that deposits with crypto-based financial service providers aren't FDIC-protected.
- Per updated terms, Binance US users are now required to convert dollars into stablecoins or cryptocurrencies for withdrawals.
Always be aware of terms and conditions on crypto exchanges!
#BinanceUS #FDIC #CryptoUpdate #Decrypt
Binance US has recently communicated to its users that their cryptocurrency deposits are no longer covered by the Federal Deposit Insurance Corporation (FDIC) insurance. Some key points:
- Binance US previously claimed to have FDIC insurance, safeguarding up to $250,000 in 2019.
- The change aligns with FDIC's recent statement that deposits with crypto-based financial service providers aren't FDIC-protected.
- Per updated terms, Binance US users are now required to convert dollars into stablecoins or cryptocurrencies for withdrawals.
Always be aware of terms and conditions on crypto exchanges!
#BinanceUS #FDIC #CryptoUpdate #Decrypt
🗞️ The United States Securities and Exchange Commission (SEC) and BAM Trading (Binance’s U.S. arm) recently filed a request for a consent order that would ease some of the restrictions from a previous SEC request to freeze the company’s assets.
Binance.US would have to transfer all U.S.-based assets to new wallets but would be allowed to pay its bills under a proposed consent order.
#KeepBulding #BinanceUS
Binance.US would have to transfer all U.S.-based assets to new wallets but would be allowed to pay its bills under a proposed consent order.
#KeepBulding #BinanceUS
🗞️ U.S. judge rebuffs SEC request for Binance.US asset freeze.
Jennifer Farer, an SEC lawyer, told the judge Tuesday, ''We are open to the business continuing to operate.''
That would allow the U.S. arm of the company to continue doing business while hashing out restrictions with the regulator.
This is already good news, #KeepBulding forever.
#BinanceUS
Jennifer Farer, an SEC lawyer, told the judge Tuesday, ''We are open to the business continuing to operate.''
That would allow the U.S. arm of the company to continue doing business while hashing out restrictions with the regulator.
This is already good news, #KeepBulding forever.
#BinanceUS
JUST IN -
#BinanceUS will delist around 100 trading pairs and has paused OTC trading
Binance US ( America not global) delisting 40 Trading Pairs
#BinanceTournament #Binance #crypto2023 #BTC
#BinanceUS will delist around 100 trading pairs and has paused OTC trading
Binance US ( America not global) delisting 40 Trading Pairs
#BinanceTournament #Binance #crypto2023 #BTC
BinanceUS Announcement Fixes Its USD Withdrawal Problems But That Relief Might Not Last Long
BinanceUS announced on June 22, 2023 that it had resolved its USD withdrawal issues after working with its banking partners. However, the exchange warned that the relief might not last long.
“While USD withdrawal remains fully operational on the platform today, we expect our banking partners to discontinue that service in the near future,” Binance.US said.
The exchange did not specify why its banking partners were planning to discontinue USD withdrawal services, but it is likely due to the ongoing regulatory scrutiny of the cryptocurrency industry. The Securities and Exchange Commission (SEC) is currently investigating Binance.US for possible securities violations, and the exchange has also faced pressure from other regulators.
Binance.US's USD withdrawal problems began on June 9, 2023, when the exchange suspended dollar deposits and notified its clients of an incoming pause on fiat withdrawal channels. The exchange said at the time that the suspension was due to “regulatory compliance requirements.”
The suspension of USD withdrawals caused some consternation among Binance.US clients, who were unable to access their funds. However, the exchange has since restored USD withdrawal functionality and clients can now withdraw their funds as usual.
However, it is not clear how long this will last. If Binance.US's banking partners discontinue USD withdrawal services, the exchange will need to find new banking partners or find a way to process USD withdrawals without the use of banks. It is also possible that Binance.US will be forced to shut down entirely.
Only time will tell what the future holds for Binance.US. However, the recent USD withdrawal issues from the exchange are a sign of the challenges facing the cryptocurrency industry as it continues to grow.
source:
https://cointelegraph.com/news/binance-us-solves-usd-withdrawal-issues-warns-it-wont-last
#BinanceUS #Binance
“While USD withdrawal remains fully operational on the platform today, we expect our banking partners to discontinue that service in the near future,” Binance.US said.
The exchange did not specify why its banking partners were planning to discontinue USD withdrawal services, but it is likely due to the ongoing regulatory scrutiny of the cryptocurrency industry. The Securities and Exchange Commission (SEC) is currently investigating Binance.US for possible securities violations, and the exchange has also faced pressure from other regulators.
Binance.US's USD withdrawal problems began on June 9, 2023, when the exchange suspended dollar deposits and notified its clients of an incoming pause on fiat withdrawal channels. The exchange said at the time that the suspension was due to “regulatory compliance requirements.”
The suspension of USD withdrawals caused some consternation among Binance.US clients, who were unable to access their funds. However, the exchange has since restored USD withdrawal functionality and clients can now withdraw their funds as usual.
However, it is not clear how long this will last. If Binance.US's banking partners discontinue USD withdrawal services, the exchange will need to find new banking partners or find a way to process USD withdrawals without the use of banks. It is also possible that Binance.US will be forced to shut down entirely.
Only time will tell what the future holds for Binance.US. However, the recent USD withdrawal issues from the exchange are a sign of the challenges facing the cryptocurrency industry as it continues to grow.
source:
https://cointelegraph.com/news/binance-us-solves-usd-withdrawal-issues-warns-it-wont-last
#BinanceUS #Binance
If you're not very good at trading, you can suspend trading for two days and wait until the progress of #BinanceUS and the #SEC on whether and which parts of the assets are frozen is completely thrown into the market before trading🧐
#BinanceUS will support the upcoming BNB (BNB Beacon Chain) Maintenance & Hardfork.
The hardfork will occur @ block height 321,213,000 or approximately 11:00 p.m. PDT on 6/14 / 2:00 a.m. EDT on 6/15.
Trading will not be affected.
For real-time updates: binance.us/status
The hardfork will occur @ block height 321,213,000 or approximately 11:00 p.m. PDT on 6/14 / 2:00 a.m. EDT on 6/15.
Trading will not be affected.
For real-time updates: binance.us/status
U.S.-based customers of the Binance exchange's Binance.US unit are now able to use the Binance.US Pay payments system to send money on their mobile app.
#Binance #BinanceUS
#Binance #BinanceUS
#BinanceUS announced this week it was expanding its zero-fee program to include #ETH and will also offer additional trading fee discounts to customers who pay their trading fees with #BNB tokens.
#Crypto #Binance
#Crypto #Binance
The SECGov has opposed a $1.02 billion deal by #BinanceUS to purchase assets of defunct crypto lender @investvoyager. 🔶✅
#NYDFS and @NewYorkStateAG also opposed the deal, including allegations that Voyager was unlawfully serving customers in the state.
#Binance #BTC #BNB
#NYDFS and @NewYorkStateAG also opposed the deal, including allegations that Voyager was unlawfully serving customers in the state.
#Binance #BTC #BNB
This could be a big leap in knowing that we can buy crypto for as little as $1. #NFA #DYOR
#Crypto #Cryptocurrency #BinanceUS
#Crypto #Cryptocurrency #BinanceUS
Crypto Fire: Mega Transfers of #USDT and $BTC Ignite the Market! 🚀💼🔥
🚨 A Whopping 210,774,668 USDT, equivalent to $210,813,134 USD, has made a swift move from #Binance to an undisclosed destination. 🌐🚁
🔗 Transaction Hash: 👇
60e253748e6d403b84bd3f116bb0a86341f0a3915bc795a916212e41fcdee831
💰 But that's not all! 2,766 #BTC , with a hefty value of $96,205,508 USD, journeyed from an unknown wallet to #Coinbase , opening up exciting possibilities. 📈🚀
🔗 Transaction Hash: 👇
c9f0777f80128bad0eb4e85ac63b9ed191e22ec65453ec27fe796d802b639332
🏦 And to top it off, 1,059 BTC, worth $36,530,931 USD, has departed from #BinanceUS to parts unknown. Crypto riches on the move! 💡🚢
🔗 Transaction Hash: 👇
9d0cfb5a962b3cdf644fa2dca0f908adbe0acb44c3acc4a43e7f282474bdba0a
Stay tuned for more thrilling crypto updates! 💼🌟💸
🚨 Disclaimer: Cryptocurrency transactions can be intricate; always exercise caution and perform thorough research. 💰📉💡
🙏 a small LIKE & FOLLOW , motivates me a LOT ❤️
🚨 A Whopping 210,774,668 USDT, equivalent to $210,813,134 USD, has made a swift move from #Binance to an undisclosed destination. 🌐🚁
🔗 Transaction Hash: 👇
60e253748e6d403b84bd3f116bb0a86341f0a3915bc795a916212e41fcdee831
💰 But that's not all! 2,766 #BTC , with a hefty value of $96,205,508 USD, journeyed from an unknown wallet to #Coinbase , opening up exciting possibilities. 📈🚀
🔗 Transaction Hash: 👇
c9f0777f80128bad0eb4e85ac63b9ed191e22ec65453ec27fe796d802b639332
🏦 And to top it off, 1,059 BTC, worth $36,530,931 USD, has departed from #BinanceUS to parts unknown. Crypto riches on the move! 💡🚢
🔗 Transaction Hash: 👇
9d0cfb5a962b3cdf644fa2dca0f908adbe0acb44c3acc4a43e7f282474bdba0a
Stay tuned for more thrilling crypto updates! 💼🌟💸
🚨 Disclaimer: Cryptocurrency transactions can be intricate; always exercise caution and perform thorough research. 💰📉💡
🙏 a small LIKE & FOLLOW , motivates me a LOT ❤️
📢 @binance has launched the first NFT of Brasileirão Assaí @CBF_Futebol
Brasileirão Assaí NFT gives fans access to the CBF fanverse. Fans with access will be able to receive exclusive benefits and join exclusive activitie.
#Crypto #binance #BinanceUS #nftcommunity #NFTs
Brasileirão Assaí NFT gives fans access to the CBF fanverse. Fans with access will be able to receive exclusive benefits and join exclusive activitie.
#Crypto #binance #BinanceUS #nftcommunity #NFTs
📣#BinanceUS has announced that it will delist 40 trading pairs.
Many Big Projects Are in The List 🤧
You Guys Don't Need to be Panic 🙌
This is Only For Binance US Users Not #Binance Global 🖐️
#BinanceTournament #MarketUpdate
Many Big Projects Are in The List 🤧
You Guys Don't Need to be Panic 🙌
This is Only For Binance US Users Not #Binance Global 🖐️
#BinanceTournament #MarketUpdate
🚨 BREAKING NEWS 🚨 BINANCE US
💥 BINANCE US SECURES CUSTOMER FUNDS! 💥
In a monumental move, Binance and the SEC have reached an unprecedented agreement to ensure the utmost security for customer funds. Wallet keys will be relocated back onshore, bolstering confidence and safeguarding assets. 🔐💰
This landmark decision signifies a significant step towards reinforcing trust and regulatory compliance within the crypto industry. #BinanceUS continues to prioritize the safety of its users and their investments. 🚀💪
#Binance #SEC
💥 BINANCE US SECURES CUSTOMER FUNDS! 💥
In a monumental move, Binance and the SEC have reached an unprecedented agreement to ensure the utmost security for customer funds. Wallet keys will be relocated back onshore, bolstering confidence and safeguarding assets. 🔐💰
This landmark decision signifies a significant step towards reinforcing trust and regulatory compliance within the crypto industry. #BinanceUS continues to prioritize the safety of its users and their investments. 🚀💪
#Binance #SEC
