Following the announcement, the affected cryptocurrencies have all shown varying degrees of volatilities.
According to the resolution, Gambaryan’s detention is a “clear violation of his rights”.
As Binance moves into its eighth year, it plans to continue leading the digital asset sector. The exchange holds licenses and registrations across 18 jurisdictions, more than any other centralized crypto exchange.
Due to the delayed inflow of funds to Binance, the amount of Bitcoin that must be repaid has risen and doubled Gopax’s debt.
By announcing ahead of time, Binance hopes that it has given users the needed opportunity to adjust their positions and trading strategies accordingly.
The ongoing legal battle between the SEC and Binance is part of the larger government effort to more closely regulate the crypto industry, which has continued to grow steadily.
This marketplace has the potential to drive the creation of next-generation crypto applications and decentralized apps.
The delisting of these four tokens comes a week after the company announced that it added 11 different cryptocurrencies, including Balancer (BAL) and Cortex (CTXC), to its watchlist for potential removal.
Binance said the campaign will introduce a wide range of activities aimed at recognizing users’ contributions to the company’s growth and driving blockchain progress and adoption globally.
Ripple referenced Judge Berman’s recent opinion on secondary market sales in the Binance case. Ripple argues that this opinion is pertinent to its opposition to the SEC’s motion for remedies in the ongoing lawsuit.
Binance said that in a victory for the exchange, the US federal court has dismissed several claims against the exchange. The exchange said that it is ready to address additional legal hurdles that come its way.
Like a couple of other crypto exchanges, Binance and its then-CEO Changpeng Zhao were indicted by the SEC in June 2023.
Coinbase insists that so long as Binance’s BNB is not a security, its case should not be any different.
Binance has been carrying out a lot of this type of restructuring in recent weeks amidst the regulatory challenges it is facing.
Those found to violate the Binance’s Terms of Use and KYC/KYB policies are likely to face account suspension or termination.