Tagged: binance

December 12, 2023 @ 8:12 am By Omar Faridi  |  

Crypto exchange Binance, which recently agreed to pay a massive $4.3 billion+ as part of an unprecedented settlement with US regulators, is now preparing to leave the Russian market. The company will also end support for Ruble-based transactions due to regulatory challenges. Binance confirmed that… Read More

December 1, 2023 @ 8:48 am By Omar Faridi  |  

Binance, which recently agreed to pay a massive $4.3 billion+ as part of a settlement agreed to with US authorities, is pleased to announce that they have successfully executed the “first” cryptocurrency triparty arrangement with a third-party banking partner. As explained by Binance, this solution… Read More

November 29, 2023 @ 4:24 pm By Omar Faridi  |  

The Philippines Securities and Exchange Commission (SEC) has reportedly issued an advisory against Binance for allegedly carrying out unauthorized business operations. This latest announcement from the Philippines comes shortly after the nation’s SEC stated that it would begin calling out unlicensed exchanges as part of… Read More

November 29, 2023 @ 11:41 am By Omar Faridi  |  

Football star and legend Cristiano Ronaldo is reportedly being sued for promoting Binance and its line of crypto-focused products. Superstar Cristiano Ronaldo is now dealing with a lawsuit that has been filed in a Florida District Court on November 27, 2023. The suit alleges that… Read More

November 26, 2023 @ 9:44 pm By Michael Wong  |  

Korea’s cryptocurrency industry is poised for significant growth as the global crypto landscape undergoes major shifts, with Chinese crypto exchanges faltering and the world’s largest exchange, Binance, facing legal challenges in the US, the Korea Times reported. In a recent development, Binance was ordered by… Read More

November 26, 2023 @ 10:18 am By Omar Faridi  |  

Stefan Rust, CEO of independent economic data aggregator Truflation, says that the resignation of Binance founder Changpeng Zhao or “CZ” as part of the exchange’s settlement with US authorities marks a “sad” day that should “serve as a clarion call for the build-out of decentralized… Read More

November 24, 2023 @ 10:59 am By Omar Faridi  |  

Former CEO and Binance founder Changpeng Zhao‘s (CZ) departure from the firm will trigger some short-term volatility in the cryptocurrency market, but crypto will “continue to thrive as more institutional money pours in,” predicts the CEO of an independent financial advisory, asset management and fintech… Read More

November 23, 2023 @ 9:52 am By Omar Faridi  |  

There were several notable digital asset and blockchain-focused developments that were announced this past week, including Republic choosing Avalanche for its profit-sharing investment Note. This week also saw crypto exchange Kraken being sued by the US Securities and Exchange Commission (SEC) for allegedly failing to… Read More

November 21, 2023 @ 5:14 pm By JD Alois  |  

In a press event this afternoon, US Secretary of the Treasury Janet Yellen called the settlement with Binance a historic action by the agency. In total, Binance is expected to pay $4.3 billion in penalties for its past actions. At the same time, Binance will… Read More

November 21, 2023 @ 5:09 pm By JD Alois  |  

As was reported earlier today, Binance has settled charges in a comprehensive manner, paying total penalties of $4.3 billion, described as the largest settlement of its kind ever. Binance is noted as the largest crypto exchange in the world, handling approximately 60% of centralized digital… Read More

November 21, 2023 @ 3:41 pm By JD Alois  |  

Binance, the largest crypto exchange in the world, has cut a deal with the US Department of Justice (DOJ) that appears to allow Binance to stay in operation. According to multiple reports, Binance will pay a hefty $4.3 billion penalty and plead guilty to charges,… Read More

November 16, 2023 @ 5:18 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance (which is being sued by US regulators for a wide range of issues along with facing major operational challenges globally) has reportedly invested in $ARKM, the native token of Arkham. Arkham is an AI-powered blockchain… Read More

November 10, 2023 @ 3:04 pm By Omar Faridi  |  

Binance, which is being sued by US regulatory authorities for a wide range of issues while also facing major operational challenges globally, says that it is pleased to be promoting the safety of the virtual-asset ecosystem. Following a law enforcement training workshop in collaboration with… Read More

October 27, 2023 @ 10:34 am By Omar Faridi  |  

Binance, which is being sued by US regulators for a wide range of issues while also facing major operational challenges globally, announces that Kyrylo Khomiakov, Binance’s Central and Eastern Europe (CEE) General Manager, has been appointed the Regional Head for both the CEE and Central… Read More

October 26, 2023 @ 5:00 pm By JD Alois  |  

Senator Cynthia Lummis, along with Representative French Hill, have sent a letter to the US Department of Justice asking them to make a determination regarding the ongoing investigation into Binance, the largest crypto exchange in the world, along with the world’s largest stablecoin issuer Tether…. Read More

October 20, 2023 @ 10:08 pm By Omar Faridi  |  

Binance has reportedly signed several agreements with new fiat partners for EUR payments, deposits, and withdrawals. According to a blog post from Binance, Users are already migrating to these new services. As explained in the announcement, fiat channels are an important factor in “driving crypto… Read More

October 19, 2023 @ 10:00 pm By Omar Faridi  |  

Binance Academy, the “open-access” blockchain and Web3 learning hub, has joined forces with Blockchain Center, an independent non-profit research laboratory that fosters blockchain talent development through education, research, and development worldwide, to expand their joint blockchain education program globally. Now branded as the Global University… Read More

October 18, 2023 @ 7:25 am By Omar Faridi  |  

The US division of crypto exchange Binance has reportedly suspended withdrawals of dollars by its customers from the digital asset platform (as per the firm’s updated terms shared on Monday). In June of this year, Binance.US decided to halt US dollar deposits, following the US… Read More

October 17, 2023 @ 8:50 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, which is being sued by US regulators for a wide range of issues while also dealing with major operational challenges, has invested in Initia, a network designed for highly interwoven modular rollups. The platform enables… Read More

October 16, 2023 @ 5:19 pm By JD Alois  |  

Binance UK will stop accepting new users as of today (Monday, October 16, 2023). The announcement follows the denial of approval for a third party to provide marketing services to the UK iteration of the world’s largest crypto exchange. This month, the UK Financial Conduct… Read More