Keep up with what's happening in the crypto world in real-time.
All Filters (1)
In a recent announcement, Binance revealed that it would be delisting several tokens from its platform's spot trading pairs on December 20, 2024. The tokens to be delisted include SUI, HMSTR, BNT, CYBER, and AEUR. Following the news, the prices of these tokens have already begun to drop by almost 10%.
The stablecoin issuer said there was a risk of a “respective loss for the holders of AEUR tokens” due to FlowBank's bankruptcy in June.
Holders of the AEUR stablecoin, issued by Anchored Coins AG, are facing potential losses due to the recent bankruptcy of FlowBank SA, one of the financial institutions responsible for guaranteeing AEUR's 1:1 peg to the Euro.
This week, AEUR has been on a rollercoaster price ride on Binance. AEUR was involved in a market controversy a few days ago, and trading on Binance came to a halt.
In a recent turn of events in the cryptocurrency realm, Binance, a leading exchange platform, has taken proactive steps to address a sudden surge in the AEUR stablecoin's value. The unexpected 200% increase in AEUR's price caused a stir among traders, prompting Binance to halt trades on several AEUR pairs due to abnormal market behavior.
In a significant move, Binance, a leading cryptocurrency exchange, has announced a comprehensive compensation plan for users affected by the unexpected price surge of the AEUR stablecoin. This decision comes after the Euro-pegged cryptocurrency experienced an abnormal 200% increase in value, confusing traders and leading to a trading suspension.
Switzerland-based fintech firm Anchored Coins recently issued AEUR. But Binance is taking issue with that fact that “some users did not realize that AEUR was a stable currency when they purchased it.
Cryptocurrency exchange Binance said it would compensate users impacted by a recent deviation in the price of Anchored Coins EUR (AEUR) stablecoin. On Dec. 5, AEUR's value surged nearly 200% to more than $3 after the cryptocurrency platform listed it.
Binance has stepped forward to offer compensation to traders who purchased AEUR, a stablecoin pegged to the Euro, during its unexpected price surge. AEUR, issued by Swiss-based Anchored Coins, experienced a significant increase in value, deviating from its intended stable price.
