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Binance Offboards Market Maker for Movement's MOVE Token for Failing to Make Markets

Summary by Coin Desk

Binance, the largest crypto exchange by trading volume, said it "offboarded" a market maker for Movement's MOVE token with an association to another market maker that had been removed from the platform due to “misconduct.” Market makers are middlemen who are responsible for creating liquidity so trades can take place smoothly without big delays or price swings. They do this by quoting prices to both buyers (bid) and sellers (ask) and taking the …

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Coin Desk

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Binance Offboards Market Maker for Movement's MOVE Token for Failing to Make Markets

4 days ago·Manila, Philippines

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https://www.cryptela.com

Binance Takes Action to Protect Users from Market Irregulari

Binance froze assets due to irregular market transactions by a market maker. MOVE token saw a significant rise in value following Binance's actions. Continue Reading:Binance Takes Action to Protect Users from Market Irregularities The post Binance Takes Action to Protect Users from Market Irregu...

3 days ago

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The Daily Hodl

Binance Freezes Market Maker’s $38,000,000 Profits After Dumping MOVE Tokens on Retail Traders - The Daily Hodl

Binance has banned another market maker and frozen its assets after identifying certain irregularities. The top global crypto exchange didn’t identify the market maker but noted that it operated for the Ethereum (ETH)-based layer-2 project Movement (MOVE). Movement uses Move, a programming language originally built by a consortium backed by tech giant Meta for the now-defunct Diem project. The language was then used to develop layer-1 blockchain…

3 days ago

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DailyTruthReport

Binance Freezes Market Maker’s $38,000,000 Profits After Dumping MOVE Tokens on Retail Traders

Binance has banned another market maker and frozen its assets after identifying certain irregularities. The top global crypto exchange didn’t identify the market maker but noted that it operated for the Ethereum (ETH)-based layer-2 project Movement (MOVE). Movement uses Move, a programming language originally built by a consortium backed by tech giant Meta for the... The post Binance Freezes Market Maker’s $38,000,000 Profits After Dumping MOVE …

3 days ago

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The Crypto Basic

Binance Founder Reacts as PancakeSwap Burns 339K CAKE Tokens

Changpeng Zhao (CZ), the founder and former CEO of Binance crypto exchange, reacts as multi-chain DEX PancakeSwap burns over 330,000 CAKE tokens.

3 days ago

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The Defiant

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Cryptocurrency News | Cryptocurrency Prices | Market Cap

Movement Network to Establish Strategic Reserve with $38 Million Recovered from Market Maker

Movement Network, an Ethereum Virtual Machine (EVM) compatible blockchain, is setting up a strategic reserve for its native MOVE token with the proceeds recovered from a market maker that dumped tokens, according to a Mar. 24 press release.MOVE has surged by 25% in the past day, according to Coingecko data.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

4 days ago

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