Crypto news: the Fusionist (ACE) token, listed on the well-known Binance exchange, has recently recorded a significant 20% increase, indicating interesting prospects in the blockchain sector. Let’s see all the details below.
Summary
Interest in crypto grows with the increase of Fusionist’s ACE token listed on Binance
As anticipated, the Fusionist token (ACE) has marked a significant 20% increase in the last 24 hours, fueled by recent listings on two renowned crypto exchanges, Binance and OKX.
Currently, the price of ACE stands at around 14.61 dollars, with an impressive market capitalization of 312,294,752 dollars.
In addition to Binance, OKX has also made a significant announcement regarding the listing of ACE/USDT on its perpetual futures market, allowing users to trade ACE with leverage up to 50x starting from 7:30 am on December 18th.
In addition, margin trading and the Simple Earn feature for the ACE token will be activated on December 19th at 6:00.
The ACE token, originating from the Endurance blockchain, has found its place on OKX, amplifying the interest around the Web3 gaming project by Fusionist, set in a dystopian future.
At the same time, Binance, one of the leading global cryptocurrency exchanges, launched the perpetual contract ACE on its Futures platform at 10:00 on December 18th.
This perpetual contract USDⓈ-M ACE offers users the opportunity to trade ACE with leverage up to 50x. Binance Convert users can now engage in ACE trading against BTC, USDT, and other tokens without fees.
Binance officially listed ACE at 6:00 on December 18th, opening trading with ACE/BTC, ACE/USDT, ACE/BNB, ACE/FDUSD, and ACE/TRY pairs.
The inclusion of the Seed Tag in ACE further strengthens its presence on the Binance platform.
The ACE community looks forward to the upcoming developments with enthusiasm, as the token gains ground on two important exchanges, contributing to the growth of Fusionist in the decentralized gaming sector and highlighting the ever-increasing recognition of blockchain games in the crypto ecosystem.
Binance and Zhao accept a $2.7 billion fine: judge approves agreement with CFTC
Recently, a US judge has approved the agreement between Binance and former CEO Changpeng Zhao, which involves the payment of a total fine of 2.7 billion dollars.
This amount is an integral part of a larger agreement of 4.3 billion dollars agreed upon by Binance with the Department of Justice (DOJ), the Financial Crimes Enforcement Network (FinCEN), the Office of Foreign Assets Control (OFAC), and the Commodity Futures Trading Commission (CFTC) in November.
As part of this resolution, Changpeng Zhao has resigned from his position as CEO of Binance, subsequently also stepping down from the board of directors of Binance.US.
Judge Manish Shah of the Northern District of Illinois District Court has issued an order that formalizes the agreement, thus putting an end to the CFTC’s coercive action against Binance and CZ.
The CFTC announced through a press release that Zhao will have to pay a fine of $150 million, while Binance will have to pay $2.7 billion.
Of this amount, 1.35 billion dollars will go to the CFTC, while the same amount will be used to reimburse illicit trading fees.
The rigid compliance measures for Binance
The court order highlights that Zhao and Binance have violated the Commodity Exchange Act (CEA) and CFTC regulations.
In addition, the court has ordered them to certify the existence, application, and effectiveness of Binance’s improved compliance controls.
The ordinance also imposes restrictions and warnings against further violations, requiring that each new user complete identity validation procedures (KYC).
Among the additional obligations imposed on Binance and Zhao is the guarantee that sub-accounts, including those of prime brokers, cannot bypass the compliance checks of the exchange.
In addition, the exchange commits to eliminate accounts that do not meet compliance requirements or fail to complete KYC checks.
The court’s decision also approved a civil penalty of $1.5 million against Samuel Lim, the former Chief Compliance Officer of Binance, accused of favoring and facilitating the violations committed by Binance, including being involved in offshore activities that sought to evade US laws.
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