US Judge Denies DOJ’s Appeal to Stay Voyager-Binance.US $1B Deal
The judge insisted that further delay of the deal would harm Voyager's customers waiting to receive their funds.
Binance News and Updates
Binance is the world’s leading cryptocurrency exchange in terms of the trading volume between 2017 and 2019. Initially launched in China, the company moved its headquarters in Malta. It is believed that the move was in order to avoid severe regulatory hurdles.
The exchange was launched back in 2017 by Yi He and Changpeng Zhao (CZ). The latter is also the CEO of the company and one of the most prominent people within the entire cryptocurrency community.
Binance has managed to develop into something a lot more than merely a trading platform. In fact, it provides an entire ecosystem where users can trade, invest, and even earn interest on cryptocurrency they stake.
One of the more exciting developments for Binance was the Launchpad, which gave birth to a new phenomenon in 2019 called Initial Exchange Offerings (IEOs). Unlike traditional Initial Coin Offerings, IEOs saw the cryptocurrency exchange do a serious due-diligence prior to listing the coins for trading on their very own platforms. Almost all of the major exchanges followed in the footsteps of Binance.
Earlier in 2019, Binance also introduced a dedicated Bitcoin futures platform, in addition to margin trading. The volume quickly picked up and surpassed that of the main spot exchange.
Moreover, the exchange launched its native cryptocurrency called Binance Coin (BNB). The exchange is doing a lot to ensure its utility. Traders can use it to enjoy reduced fees; it’s also the only cryptocurrency accepted for IEO investments on Binance Launchpad, and so forth.
Binance is also considered to be one of the safest exchanges out there. It has introduced the Secure Asset Fund for Users (SAFU). The exchange allocates 10% of all of the trading fees to that fund, to provide its clients with protection in extreme cases. The funds there are stored in a separate cold wallet.
Recent Binance News
US DOJ Files Support Memorandum to Put Voyager-Binance $1B Deal on Hold
The motion seeks to stay the asset-sale plan until the appeal motion is handled in court and authorities iron out
Bitcoin Explodes 10% Daily on Positive SVB Developments, Binance $1B Injection: Market Watch
Binance is injecting $1B in BTC, BNB, and ETH. SVB depositors will be made whole. Bitcoin's price exploded.
Despegar Becomes First Travel Agency in LATAM to Embrace Crypto Payments
The new offering will be initially available to customers in Argentina, but it might be extended across other countries in
US DOJ Appeals Judge’s Approval of Voyager $1B Asset-Sale to Binance.US
The appeal comes barely 24 hours after a judge ordered Voyager to proceed with its $1 billion deal with Binance.US.Â
Binance NFT Announces Integration With Polygon Network
Users will now be able to buy, deposit, withdraw and list NFTs from the Polygon network on the Binance NFT
Judge Approves Voyager’s Deal With Binance.US, Snubs SEC
Voyager must now decide if they go through with the deal or opt for complete liquidation.
Binance.US Says They Attempted to Hire Gary Gensler in Early Days
The statement is a response to WSJ detailing messages between firm staff, hinting at close collaboration between Binance and Binance.US.
What Will Happen to Binance if SEC Manages to Kill BUSD: Experts’ Take
US regulatory agencies labeling BUSD as an "unregistered security" has caused a stir in the industry.
What Have You Done? US Judge Critical of SEC Opposing the Binance-Voyager Deal
A bankruptcy judge has spoken out about the U.S. Security and Exchange Commission’s objections to a Voyager restructuring deal proposed
