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Binance: What is Binance and why is it in trouble?

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Binance: What is Binance and why is it in trouble?

Binance is a cryptocurrency exchange that allows users to buy, sell, trade, and store various digital assets, such as Bitcoin, Ethereum, Binance Coin, and more. It is the world’s largest cryptocurrency exchange by trading volume, handling over $5.3 trillion in spot trades in 2022.The rise of BinanceBinance quickly rose to prominence due to several factors:User-Friendly … Read more

US reaches over-$4 billion settlement with world’s largest cryptocurrency exchange, source says

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US reaches over- billion settlement with world’s largest cryptocurrency exchange, source says

WASHINGTON: The US government has reached a settlement with the world’s largest cryptocurrency exchange worth more than $4 billion, a person familiar with the agreement told The Associated Press on Wednesday. The settlement with Binancewas confirmed on the condition of anonymity ahead of an expected announcement. The value of the settlement was first reported by … Read more