China News by Thebittimes.Com

The biggest cryptocurrency ex change in the world, Binance, has chosen to remove Cardano (ADA) and Polygon (MATIC) perpetual contracts from its listing. According to a formal announcement made on August 10, the ex change ’s decision is the result of its desire to stop offering USDS-M perpetual contracts for ADABUSD and MATICBUSD. The ex change will start the delist ing process and make the appropriate change s to leverage and margin levels following the automated settlement scheduled for August 10. Binance will close out holdings for ADABUSD and MATICBUSD It should be noted that the action is related to recent regulatory developments, possibly involving the Securities and Exchange Commission’s (SEC) categorization of Cardano and Polygon tokens as securities. This categorization has triggered legal actions against significant exchanges, such as Binance and Coinbase, which have reverberated across the cryptocurrency ecosystem. Although Cardano and Polygon strenuously r...

Binance CEO Changpeng Zhao resigns and pleads guilty. Binance delisting of 10 major coins as regulatory response. Binance restructures leadership and commits to compliance. Binance, the world’s largest cryptocurrency exchange, is making significant moves in response to a groundbreaking settlement with the US Securities and Exchange Commission (SEC). The exchange has announced the delisting of 10 major trading pairs, including notable cryptocurrencies such as Aptos (APT), Axie Infinity (AXS), and Filecoin (FIL). Changpeng Zhao’s resignation and $4B Penalty In a surprising turn of events, Binance founder Changpeng Zhao, commonly known as CZ, has decided to step down from his role as CEO in the wake of a comprehensive settlement with the SEC we reported earlier. The settlement stems from criminal charges against Binance , including breaking sanctions and money-transmitting laws. As part of the deal, CZ has pleaded guilty to charges related to ...