Binance admits storing client funds with company collateral 

Binance is addressing a financial mistake after it admitted to storing some customer funds in the same wallet with collateral for in-house tokens.

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Binance Mistakenly Mixed Crypto Exchange's Customer Funds With B-Token Collateral: Bloomberg

The world's largest crypto exchange by volume said it is in the process of transferring the collateral out of the shared wallet.

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Bernstein Says Crypto Exchange Binance Not Likely to Fail

The exchange demonstrated its robustness when about $6 billion of customer funds were withdrawn on Dec. 13, the report said.

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How will the rising Binance outflows affect BNB price?

Binance has had significant outflows in the past few months. Customer assets in its ecosystem have fallen to about $55 billion. Binance is in trouble as crypto investors flee. The company has seen its assets drop from over $70 billion in November to about $55 billion.

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Binance partially rejects Monero withdrawals, users claim

Multiple investors face problems making withdrawals in their Monero (XMR) wallet in Binance, prompting a public outcry on Reddit.  XMR issues on Binance worry users An agitated customer, identified as WhatJay, posted a screenshot showing XMR withdrawal suspension. The post…

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Binance outflows slow down despite audit concerns

Binance's customer outflows appear to be slowing, according to blockchain data from two digital-asset analytics firms.

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Binance Customer Withdrawals Jumps Over $3.5 Billion In A Week

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Kraken’s CEO Slams Binance’s Proof Of Reserves System Even After “Merkle Tree Audit”

Day’s after publishing the so-called Proof-Of-Reserves, Binance released a new report on Wednesday showing that its customer’s Bitcoin reserves are overcollateralized. The report which was prepared by South Africa-based global financial audit firm Mazars showed that as of November 22, Binance’s users collectively held 575,742.

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Binance Suspends Account of Customer for Being ‘Unreasonable’

The user, who goes by the name "CoinMamba" on Twitter, started criticizing the exchange after some of his funds allegedly got stolen on his Binance account, but the exchange cited threats made to its customer service team in explaining the suspension.

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Binance Proof-of-Reserves Audit Shows Holdings Are Overcollateralized

Binance conducted its first proof of reserves audit report, revealing that the company had sufficient assets for mass customer withdrawals. The post Binance Proof-of-Reserves Audit Shows Holdings Are Overcollateralized appeared first on BeInCrypto.

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Binance publishes BTC proof of reserves to provide more transparency on customer funds

Following promises from Binance CEO CZ, the exchange has released proof of reserves for Bitcoin held on the platform. The post Binance publishes BTC proof of reserves to provide more transparency on customer funds appeared first on CryptoSlate.

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Crypto Exchange Binance Allocates Another $1B for Its Customer Support Fund

The exchange also said prominent crypto companies including Aptos Labs and Jump Crypto joined its industry restructuring initiative.

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Binance's CZ and Ethereum's Vitalik agree on new idea as BNB remains stagnant

Binance's CEO shared a solution to help avoid exchanges using customer funds as presented by Vitalik Buterin BNB continues to prevail in static positions, according to its on-chain informatThe post Binance's CZ and Ethereum's Vitalik agree on new idea as BNB remains stagnant appeared first on AMBCrypto.

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US Investigating FTX Empire Over Handling Of Customer Funds: Report

US regulators are investigating whether Sam Bankman-Fried’s FTX properly handled client funds following the exchange’s liquidity crunch, Binance acquisition.

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Bankman-Fried says ‘FTX is fine’ even as FTT price falls

FTX token (FTT/USD) price is falling again, down nearly 4% at the time of writing on Monday morning, as selling pressure remained amid “rumours” about the crypto exchange FTX. Reported delays in customer withdrawals did not help the jitters, as has done Binance’s announcement that it would liquidate all of its FTT.

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FTX CEO Sam Bankman-Fried Denies Insolvency Rumors as Binance Liquidates FTT Token

FTX CEO Sam Bankman-Fried has dismissed speculation over whether the company has enough capital to cover its liabilities and customer deposits.

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Binance Becomes Second-Largest Voting Entity on Uniswap DAO

Uniswap’s founder has accused Binance of using customer funds to amass governance votes.

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Crypto Exchange WazirX to Delist USDC in Boost for Binance's Stablecoin

WazirX is delisting USDC, USDP, and TUSD and will automatically convert customer holdings into BUSD.

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Binance Canada partners with MinervaAI to boost compliance effort

Crypto trading platform Binance Canada, an affiliate of leading global cryptocurrency exchange Binance, has taken another step towards enhancing its know your customer (KYC) and anti-money laundering (AML) compliance with a new partnership.

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Binance Refutes Vile Claims Of Turning Over Customer Data To Russian Authorities

Leading international crypto exchange Binance has dismissed claims of reportedly providing the Russian regulators with user data on crypto donations linked to President Putin’s opposition.

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Binance Hits Back At Reuters, Claims Data Sharing Report With Russia Is ‘Categorically False’

Binance, the world’s largest cryptocurrency exchange, has received extensive media notice in recent months. Reuters stated that in response to the Ukrainian government’s call to freeze all Russian cryptocurrency accounts, Binance would block Russian customer accounts targeted by sanctions but not all of them.

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Binance pushes back against report exchange supplied customer data to Russian government

The exchange said it was "categorically false" that it shared user data with Russian regulators, and it had stopped working in the country following the invasion of Ukraine.

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Binance launches its first customer service center in Turkey

Data shows that Turkey accounts for over 7% of the desktop browser access to Binance's primary platform.

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In Crypto, the customer is king. Here’s how Delta Exchange is guaranteeing an immersive trading experience

If you have been in the crypto market as a trader for a while now, chances are you have come across and used a fair few different cryptocurrency exchange platforms.   While you may come across different options, from centralized exchanges such as Coinbase and Binance to decentralized offerings (DEXs) such as Uniswap and Binance DEX, […] The post In Crypto, the customer is king.

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Binance Clamps Down on Customer Verification As Regulatory Pressures Mount

In light of recent regulatory crackdown and backlash, global crypto exchange Binance is beginning to crack down on its customer verification requirements across its platform. More specifically, the exchange is restricting its once lenient know-your-customer (KYC) requirements.

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Binance Announces Reduction In Withdrawal Limit For Non-KYC Accounts From 2 To 0.06 BTC

Leading crypto exchange Binance has announced a new withdrawal limit for users that completed the Basic level of their account verification process, part of the Know Your Customer (KYC) policy. The measure is to take effect immediately for new account registrations for their daily withdrawals.

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Santander joins the list of U.K banks banning Binance payments

Santander, one of Europe’s largest banking groups, has tweeted it will stop customer payments to Binance. The post Santander joins the list of U.K banks banning Binance payments appeared first on CryptoSlate.

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Santander joins Barclays in banning Binance payments

Santander, one of Europe’s largest banking groups, has tweeted it will stop customer payments to Binance. The post Santander joins Barclays in banning Binance payments appeared first on CryptoSlate.

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After Barclays, Santander Bank Blocks Payments to Binance in UK Citing Customer Protection

Santander Bank in the U. K. has become the latest high street bank in the country to block fund transfers to cryptocurrency exchange Binance. Recently, Barclays and Natwest banks reportedly made a similar move.

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Binance Faces Ban In China And Blocks In Europe

European banks began blocking customer payments to the crypto exchange Binance after the UK financial watchdog banned operations of Binance's subsidiary in the UK. In China, Binance faces blocks of its website and apps.

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Binance disappointed by Barclays’ ‘unilateral action’ to block customer payments

A Binance spokesperson reiterated to Cointelegraph that the Financial Conduct Authority’s recent edict only applied to Binance Markets Limited, which is a separate legal entity from the main global exchange that operates through Binance.com.

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Binance vs Crypto.com: Fees, Features, Security, Customer Support Compared

The cryptocurrency industry has been on an upward trend in recent years. Success in the cryptocurrency largely depends on the ability to identify the right market trends which is in turn determined by the type of cryptocurrency exchange you select.

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Binance Sends Final Warning to US Customers; 14 Days to Withdraw Funds or Account is Locked

The largest cryptocurrency exchange in trading volume, Binance, is hastening its efforts to sweep off every U. S. based customer off its global trading platform, Binance. com. According to a Decrypt report, the exchange is giving every U.

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Another Crypto Exchange Discourages the Use of Bitcoin Mixing Services

The cryptocurrency exchange Binance was recently scrutinized for flagging a customer’s funds because the individual had used a bitcoin mixing application. Now the platform Paxos Global is discouraging the use of crypto mixers after a customer allegedly sent coins to a mixing service.

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Binance Singapore Blocks Withdrawals to Privacy-Focused Bitcoin Wallet

A user of Binance Singapore has reported a rather worrying development for those Bitcoin users that value their privacy. The exchange platform has apparently banned the customer in question from withdrawing its funds because it suspects that he or she has previously used a wallet with a built-in coin mixing tool.

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Binance IEOs Elrond and Cere Partner on Business & Scalability

Elrond and Cere have ambitious plans and backing from Binance. Can they take on Salesforce and other CRMs? Two up-and-coming blockchain projects have partnered on blockchain scalability for businesses.

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Binance Futures Crash: CZ Blames “Attack”

Changpeng Zhao, CEO of Binance, has blamed a crash in the price of Bitcoin futures on an ‘attacker’. He claims that this was done by a customer who started their own futures exchange a few months ago, but quickly clarified that he had spoken to said client and that it was caused by a mistakeRead MoreRead More.

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Cere Network Offers Pre-Sale On Matic Network

Cere Network, a blockchain-based customer relationship management startup, has announced its plans to conduct a part of its token sale on Matic Network. The sale will occur later today, and buyers will be able to use MATIC tokens to invest in Cere.

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Binance.US Reveals Pre-Launch Details

Binance divided its international and US markets to address specific regulations on customer screening and the types of assets allowed.

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Binance Lending goes live: Here’s what you need to know

Binance became yet another player in the crypto-lending industry after it announced its plans for the same on 26 August. With its already extraordinary customer base, Binance might even go toe-to-toe with giants like Celsius and Genesis, if phase one goes well.

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Binance Lending goes live: A chance to make millions in a few days

Binance became yet another player in the crypto-lending industry after it announced its plans for the same on 26 August. With its already extraordinary customer base, Binance might even go toe-to-toe with giants like Celsius and Genesis, if phase one goes well.

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BNB plunges 10% after Binance admits to data hack

Binance admitted to leaking sensitive customer data through a third-party vendor which the exchange contracted in late 2017. Although the investigation is still ongoing, the crypto exchange announced it will offer free lifetime VIP memberships to all affected customers.

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Users Affected By Binance KYC Leak Hack Will Get Free VIP Accounts

Binance has decided to give something to the users who were allegedly hacked. According to a recent blog post, the company will give free VIP accounts to any user related to the Know Your Customer (KYC) leak incident.

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Binance Venus, a stablecoin that will compete with Facebook’s Libra

Binance announced that it is planning to launch an open blockchain project focused on developing localized stablecoins around the world, competing with Facebook’s Libra. Reshaping the world’s financial system Over the last few years, Binance has actively communicated the need for a “global, multi-dimensional customer network and compliance system” to different regulatory authorities around the […] The post Binance Venus, a stablecoin that will compete with Facebook’s Libra appeared first on CryptoSlate.

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Binance Jersey’s Twitter and Website Was Hacked by Security Researcher; Will Collect Bug Bounty

Binance is not having a good time with hackers lately. The company, which was allegedly hacked and lost some Know Your Customer (KYC) data recently, has just seen its Binance Jersey Twitter account be hacked as well.

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Coinbase Pro announces listing of Algorand [ALGO] token after underwhelming performance on Binance

Hundreds of cryptos are launched every year. However, owing to a lack of recognition or large customer base, most fail to achieve success. Key to this success is the significance of the exchange such tokens are listed on.

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Binance announces new VIP structure for margin trading

Leveraging a massive portfolio of services and offerings, Binance today stands at the forefront of enabling crypto-startups and crypto-investors. The Malta-based exchange recently announced the addition of several leading cryptos for margin trading, with Binance also keen on pushing out promoting new VIP levels, speculated to be aimed at customer retention.

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Binance Coin (BNB) Price Surprisingly Goes Up Over 10% After KYC Leak Rumors

You can spot a strong cryptocurrency when prices continue to go up even during the most tumultuous times. Despite several rumors related to Know Your Customer (KYC) leaks, Binance Coin (BNB) has gone up over 12% today.

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Binance hacker demands 500 Ethereum within 12 hours, threatening another KYC data leak

The hacker who allegedly leaked Binance customer’s KYC data through a Telegram group resurfaced again. The hacker recently posted a tweet stating that he was still in possession of data and would only stop leaking it if he was given 500 ETH within 12 hours.

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