June 19 (Cointime) -Cryptocurrency exchange Binance has announced that it will be moving funds from its BTC cold wallets to new addresses, and if you see a large flow of BTC from its wallets today, that’s why. The company said the funds were safe. There were people on social media expecting analysts to start looking at the transfer. Some users called for the panic talk and FUD (fear, uncertainty and doubt) to be ignored. In conclusion, Binance tries to maintain transparency and communicate information to the public.

June 19 (Cointime) -South Korean cryptocurrency exchange Gopax has appointed vice president Lee Joong-hoon as its new CEO, replacing the current CEO who is about to resign. Gopax was one of the companies that was acquired by Binance in an attempt to address the lack of funds following the FTX incident. The reason for the change of the CEO is to smooth the declaration of the change of the virtual currency business operator, and no other reasons were disclosed.

June 19 (Cointime) - Binance, one of the largest cryptocurrency exchanges in the world, has been under regulatory scrutiny recently. However, the founder of Binance, Changpeng Zhao, sees this as a validation of their operations. A court transcript has affirmed that there is no evidence of any dissipation of assets or offshore transfers through BAM Trading, the operator of Binance US.

June 19 (Cointime) - Amidst ongoing regulatory challenges and a recent lawsuit from the SEC, Binance CEO has announced the launch of Spot DCA on the Binance Spot platform.

June 19 (Cointime) - Binance has announced its support for the upcoming Flow (FLOW) network upgrade, which is scheduled to take place on June 21, 2023, at 15:00 (UTC). Deposits and withdrawals of FLOW will be temporarily suspended starting from 14:00 (UTC) on the same day.

June 19 (Cointime) -Court: "... Similarly, you all repeat in the memo that there's no evidence, absolutely no evidence of any dissipation of assets whatsoever. And the government at this point has said they haven't seen the evidence of offshore transfers from BAM Trading itself... "

June 19 (Cointime) - Binance and the US Securities and Exchange Commission reached an agreement to avoid a full asset freeze of the platform in the US and keep customer assets in the United States, after a US district judge signed off on a consent order filed Saturday.

June 18 (Cointime) - Binance's BUSD stablecoin has experienced a $1 billion drop in market cap, putting it in fourth place among stablecoins. Its current market cap is around $4.3 billion, down from $5.5 billion a month ago. The decline follows the New York Department of Financial Services ordering Paxos, the crypto firm that issues the stablecoin, to stop minting BUSD tokens due to unresolved issues related to Paxos' relationship with Binance. The SEC has also launched lawsuits against Binance and CEO Changpeng Zhao, accusing the firm of illegally operating a securities exchange.

June 18 (Cointime) - While the SEC's lawsuits against Binance and Coinbase have created uncertainty in the US crypto sector, other countries are clarifying the regulatory status of various crypto assets. The SEC's actions have caused major exchanges to halt USD deposits and remove tokens mentioned in the lawsuits.

June 18 (Cointime) - This week in the crypto industry, regulatory agencies are cracking down on top exchanges while hackers are targeting them. The Lazarus Group of North Korea has allegedly stolen over $100 million in crypto, adding to their list of cyber-attacks. Meanwhile, Polygon has partnered with Flipkart and Hang to launch an exclusive loyalty project focused on integrating Web3 and NFT technologies.

June 18 (Cointime) - Binance CEO Changpeng Zhao expressed relief as the company's dispute with the SEC has been resolved, allowing him to focus on the future.

Cointime news on June 18: According to on-chain data monitoring platform Lookonchain, institutions are accumulating $ARB. Offchain Labs has accumulated a total of 7.22 million $ARB, valued at $7.18 million, over the past 7 days through multiple addresses on Binance.

June 17 (Cointime) - Binance CEO Changpeng Zhao expressed relief that the dispute with the SEC has been resolved, allowing the company to focus on the future. The US District Court has approved the "Proposed Stipulation and Consent Order" agreed upon by Binance, Binance.US, and the SEC. The agreement requires Binance to repatriate all fiat currency and crypto assets related to Binance.US and limits access for Binance Global officials to ensure customer funds are independently managed and safeguarded. Despite regulatory obstacles, Binance remains committed to continuing operations and prioritizing the safety and security of user funds.

June 17 (Cointime) - Chainlink is using its treasury to promote the use of its oracles by contributing LINK tokens. Recently, 21 million LINK tokens worth around $111 million were transferred from Chainlink's official wallets.

June 17 (Cointime) - Binance, a major cryptocurrency exchange, has added Floki Inu to its Metaverse and Gaming categories, allowing millions of users to trade the meme coin alongside other prominent cryptocurrencies.

June 17 (Cointime) - Binance, the world's largest cryptocurrency exchange, and its subsidiary Binance.US have proposed an agreement with the US Securities and Exchange Commission (SEC), subject to approval from a federal judge. Under the proposed agreement, only Binance.US employees will be able to access customer funds on the US-based exchange, while Binance Global officials will be restricted from accessing private keys of all wallets, including cold and hot wallets, and Binance.US's internal systems and controls. The move comes after the judge asked the SEC and Binance.US to reach an agreement rather than approve a restraining order to freeze assets of Binance's US-based arm.

June 16 (Cointime) - The crypto industry has seen a $417 million outflow in the past eight weeks due to strict regulations and rising interest rates in the US, resulting in a prolonged crypto winter with trading halts and liquidity draining. Crypto companies are adapting their business strategies, with Binance launching a subscription-based cloud mining product for Bitcoin and Andreessen Horowitz opening its first office outside the US in London. CoinShares' latest report shows that cryptocurrency investment products have experienced outflows of $88 million last week, marking the eighth consecutive week of outflows totaling $417 million. Meanwhile, during a speech at London Tech Week, British Prime Minister Rishi Sunak announced that the UK has secured early access to AI models from Google DeepMind, OpenAI, and Anthropic, but it is unclear whether this commitment applies to the general public or only government and priority researchers.

June 16 (Cointime) - The U.S. Securities and Exchange Commission (SEC) has faced criticism for its crackdown on the cryptocurrency industry, but enforcement director Gurbir Grewal defended the regulator's actions, citing the industry's failure to comply with regulations. The SEC has been targeting initial coin sales as unregistered securities offerings, as well as crypto firms acting as unregistered exchanges and broker-dealers. Binance and Coinbase, two of the world's largest crypto exchanges, were sued by the SEC last week for allegedly breaking its rules. The crypto sector has called for new rules, but Grewal questioned whether they would be effective in an industry built around noncompliance.

June 16 (Cointime) - Binance is facing an investigation in France for allegedly providing illegal digital asset services and supporting acts of aggravated money laundering. The company is accused of offering these services to French customers through its local division, and regulators have been investigating since February 2022. Binance recently exited the Netherlands after failing to obtain a license and comply with anti-money laundering regulations. The company is also under scrutiny from the US Securities and Exchange Commission for allegedly operating an unregistered securities exchange and offering illegal securities trading to American investors.

June 16 (Cointime) - Binance is currently being investigated by French authorities for allegedly providing illegal digital asset services and engaging in acts of aggravated money laundering. The investigation centers around Binance's illegal exercise of the function of PSAN and its involvement in operations of investments, concealment, and conversion. Binance is also facing a lawsuit from the U.S. Securities and Exchange Commission for failing to register as a trading platform and selling unregistered securities. The company has announced that it is quitting the Netherlands after failing to obtain a license that meets the country's anti-money laundering guidelines.