ChainCatcher news, Binance CEO Richard Teng clarified the Launchpool project quota mechanism in a post on social platform X.Teng emphasized that the project quotas in Launchpool are strictly for Binance users, and Binance will not profit from them. To protect user interests, Binance has implemented strict control measures, including setting a maximum token holding limit for each Launchpool and Pre-Market user.In addition, Binance has established a rigorous token review process and has a dedicated market monitoring team. Teng stated that these measures aim to allow projects to reach users widely while providing protection, and Binance will continue to improve its products to meet user needs.

ChainCatcher news, according to Decrypt, a post on a dark web forum claims to have leaked personal data of 12.8 million Binance users, allegedly including sensitive information such as names, email addresses, phone numbers, birthdays, and actual addresses. However, Binance claims this is a scam.A user named "FireBear" claimed on a leak-related forum on Monday that they obtained a database containing Binance users' personal information, which was allegedly leaked in August. The post claims that the leaked data includes Binance users' last names, first names, emails, phone numbers, birthdays, addresses, and postal codes, and the poster provided a blurred sample of the so-called data and offered to sell this information "partially or fully." The poster invited interested parties to contact them directly and warned that this sensitive data could be misused.In response, a Binance spokesperson stated, "This is false. Our security team has investigated these claims, and we can confirm this is not a Binance data breach." Nevertheless, cybersecurity experts warn that such false information could trigger phishing attacks and account takeovers, advising users to enable two-factor authentication and remain vigilant against suspicious communications.

ChainCatcher news, Binance CEO Richard Teng announced on social media, revealing the latest user data of the exchange. Teng stated that Binance currently serves over 225 million users, with more than 45 million new users added this year.

ChainCatcher news, July 16, according to Binance's monthly reserve proof, as of early July, the value of cryptocurrency assets held by Binance users has increased by $54 billion compared to a year ago, reaching $115 billion. This represents a 150% growth compared to December 2022.In addition, the proportion of Bitcoin in user funds on the Binance platform was 18% in December 2022, and it has now exceeded one-third. Similarly, the proportion of BNB has risen from 14% to 20%, while ETH has remained around 14%, possibly due to its lackluster price growth compared to Bitcoin and BNB.

ChainCatcher news, Binance announced that it has obtained a Virtual Asset Service Provider (VASP) license issued by the Dubai Virtual Assets Regulatory Authority (VARA), which applies to the local exchange Binance FZE located in Dubai. All accounts of UAE residents will be transferred from Binance's global exchange to the VARA-regulated Binance FZE exchange.UAE resident users will gradually receive emails requesting them to submit documents and update KYC information before the KYC deadline (December 15, 2024).

ChainCatcher message, Binance.US posted on X that due to regulatory developments in Washington, the platform will suspend operations for Washington customers and close all accounts in the state on or after August 20, 2024.

ChainCatcher news, reported by Bitcoin.com, due to compliance issues and legal disputes involving former CEO Changpeng Zhao (CZ), multiple states in the U.S. have revoked or refused to renew Binance's money transmission licenses.The North Dakota financial regulators stated: "The commissioner found that BAM Trading Services, Inc. failed to comply with North Dakota law. Additionally, major shareholder and controller Changpeng Zhao pleaded guilty to felony charges for violating U.S. anti-money laundering laws. North Dakota joins Alaska, Florida, Maine, North Carolina, and Oregon in taking similar actions to revoke or refuse to renew BAM Trading Services' money transmission license."

ChainCatcher news, the official X account of the Central Bank of Nigeria (CBN) stated that "the Central Bank of Nigeria will freeze Bybit, KuCoin, OKX, Binance user accounts" is not an official release.Previously, according to foreign media reports, the Central Bank of Nigeria (CBN) issued a directive requiring all banks and financial institutions to identify individuals or entities trading with cryptocurrency exchanges and ensure that such accounts receive a no debit (PND) instruction within six months.

ChainCatcher message, Binance US will delist Aragon (ANT) and Waves (WAVES) tokens on March 8th, Beijing time. Deposits will close on March 7th at 10:00.

ChainCatcher message, regarding why Binance uses "RONIN" instead of RON as the token name, Axie Infinity and Ronin co-founder Jihoz.ron explained on X that, firstly, there is already a Romanian currency listed as RON. Secondly, as the "king of game chains," using the full name Ronin is more prestigious.Jihoz.ron stated that currently, when posting information on social media, both $RON and $RONIN are used to achieve maximum coverage.

ChainCatcher news, according to CoinGape, court documents from the U.S. District Court for the District of Columbia show that Binance US is seeking court approval to collaborate with multiple trading parties to dismiss the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance Holdings. Binance US has also hired several lawyers to join this dismissal case.Additionally, the defendants are requesting Judge Amy Berman Jackson to dismiss the lawsuit, pointing out that the SEC has failed to reasonably allege any investment contracts or violations of securities laws.

ChainCatcher news, Pepe stated on social media that 41.8 billion PEPE has been transferred to Binance Earn and will be rewarded to Binance users through various activities in the coming months.

ChainCatcher news, according to on-chain data tracking service Whale Alert, Binance US transferred 1,105 BTC (worth approximately 38.2 million USD) around 8:06 AM Beijing time, and these BTC were moved to a cold wallet with an address starting with "1NASoG".

ChainCatcher news, according to Decrypt, Binance.US today notified its users that the cryptocurrencies they hold on the exchange are no longer insured by the Federal Deposit Insurance Corporation (FDIC). The updated terms of service state that users must first convert their dollars into stablecoins or cryptocurrencies before they can withdraw.

ChainCatcher news, Binance's European payment partner Paysafe plans to terminate support for customers of the exchange on September 25. However, some users in the region have already been unable to use this service before the deadline.One user, Ervin Ursic Kovac, revealed that he sent some ETH to his account on September 12 and sold it for euros, but was unable to withdraw it. Instead, he received a pop-up message stating that his account had been closed early, with no prior warning. A message titled "Paysafe Notification" stated, "As a high-frequency user of Paysafe services, Paysafe has closed your account early to expedite this process. The remaining euros/pounds in your account can be withdrawn after the review is completed."

ChainCatcher news, according to official information, Binance US has now opened XRP trading and enabled XRP deposit and withdrawal functions. (Source link)

ChainCatcher news, Reuters reported that Kaiko analyst Dessislava Aubert stated that due to regulatory requirements to suspend services, Binance US's market share in the U.S. has dropped from 22% in April to 0.9% on June 26; Coinbase's market share in the U.S. surged from 48.4% in June to 55%, as the exchange was designated as a partner by Fidelity and other asset management companies for applying for a spot Bitcoin ETF.Additionally, Bitcoin rebounded to a one-year high of $31,458 at the end of this quarter, but the overall spot trading volume in the second quarter fell to its lowest level since 2020. (source link)

ChainCatcher news, Binance US stated in an email sent to customers on June 22 that it has resolved nearly all delayed USD withdrawal issues. Binance US indicated that it is working with banking partners to re-enable USD withdrawals, but also mentioned that this option will soon be canceled again. The company stated, "While USD withdrawal operations on the platform are currently fully operational, we expect our banking partners to discontinue this service in the near future."Binance US expects that most USD withdrawal requests will be completed within 5 business days or less. It instructed users who previously submitted failed withdrawal requests to resubmit those requests. Although it is seeking new banking partners, Binance US advised users to convert USD into stablecoins. It also warned users that their USD balances may be automatically converted to USDT stablecoins later. (source link)