Tagged: binance

October 10, 2023 @ 11:15 pm By Omar Faridi  |  

Hong Kong’s authorities have claimed that 11 of the city’s Binance clients had been targeted in a series of phishing scams that were reportedly carried out via text messages. Hong Kong law-enforcement agencies have cautioned users of the scam as part of an October 9,… Read More

October 10, 2023 @ 5:18 pm By JD Alois  |  

Posted on the UK Financial Conduct Authority (FCA) registry today, peer-to-peer lender Rebuildingsociety was denied the ability to approve any financial promotion for a “Qualifying Cryptoasset for communication by an unauthorized person” and must withdraw any current promotion by tomorrow. After Rebuildingsociety has withdrawn all… Read More

October 10, 2023 @ 4:22 pm By JD Alois  |  

National Headquarters for Economic Combating Terrorism (EMT) of the Ministry of Defense, the Shin Bet, and Israel police have frozen accounts affiliated with Hamas in partnership with Binance, according to a report by Calcalist. The report states: “With the outbreak of the war, Hamas launched… Read More

October 8, 2023 @ 1:56 pm By Omar Faridi  |  

In compliance with the updated Financial Promotions Regime, Binance has reportedly launched a new domain for UK users and partnered with Rebuildingsociety.com Limited which will “approve Binance’s marketing and communications materials.” Rebuildingsociety.com is an FCA regulated firm which is “authorized to approve crypto marketing and… Read More

September 30, 2023 @ 3:51 pm By Omar Faridi  |  

As Paysafe Payment Solutions Limited “unilaterally” decided to stop processing EUR deposits for Binance users, Paysafe users are now “advised to take appropriate actions in advance.” Paysafe users may “convert EUR balances in their Binance accounts to USDT before 2023-10-31 at 0:00 (UTC).” Meanwhile, users… Read More

September 27, 2023 @ 8:02 am By Omar Faridi  |  

Binance, which is being sued by US regulators for a wide range of issues along with facing other major compliance and operational challenges, has entered into an agreement to sell the entirety of its Russia business to CommEX. To ensure a smooth process for existing… Read More

September 15, 2023 @ 8:52 am By Omar Faridi  |  

Certain executives working at the US division of Binance are reportedly leaving at a time when the crypto firm is struggling with heightened regulatory scrutiny, the WSJ reported this past Thursday, citing sources familiar with the issue. Krishna Juvvadi, head of legal, and Sidney Majalya,… Read More

September 14, 2023 @ 8:21 am By Omar Faridi  |  

Solve.Care, which claims to be a pioneering global healthtech company renowned for its blockchain-based digital healthcare platform, has announced a partnership with Binance Pay, the contactless, borderless, and secure cryptocurrency payment technology developed by Binance, to enable users to use crypto payments “for healthcare services… Read More

September 12, 2023 @ 10:32 am By Omar Faridi  |  

In response to the devastation caused by the recent earthquake in Morocco, Binance Charity will airdrop up to $3 million in BNB to Binance users “identified as living in the areas affected by the tragedy.” Identification of the users will be “based on Proof of… Read More

September 6, 2023 @ 3:33 pm By JD Alois  |  

A report on WSJ.com claims that more executives at Binance are departing the firm. Binance remains the largest crypto exchange in the world by a significant amount of activity, with Coinbase a distant second. The report says that Regional head Gleb Kostarev and Russia chief… Read More

September 6, 2023 @ 11:11 am By Omar Faridi  |  

Travis Kling, a former L/S Equities Portfolio Manager that fell down the “Crypto rabbit hole” who’s now running the Ikigai fund, notes that as summer officially draws to a close, you may have been “away from the screens over the last few months.” Travis has… Read More

September 5, 2023 @ 10:06 pm By Omar Faridi  |  

Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE:FNQ), has shared key insights with CI. SEC vs Service Provider Developments Keeps Market Volatility Up Bitcoin (BTC) closed last week “around $26,000, a 0.5% decrease in price from… Read More

September 2, 2023 @ 12:27 pm By Omar Faridi  |  

The new solution allows Binance users in 9 countries in the region to transfer funds from crypto to bank accounts more easily, quickly and cost-effectively. Binance, which claims to be the world’s leading blockchain and cryptocurrency infrastructure provider and biggest exchange by trading volume (and… Read More

August 31, 2023 @ 10:33 am By JD Alois  |  

Binance has formed a partnership with WellxPay, a payment service. WellxPay is a payments provider and Binance is the world’s largest crypto exchange. According to WellxPay the partnership will “revolutionize” the way crypto traders in India and Bangladesh engage in crypto transactions. Binance will utilize… Read More

August 28, 2023 @ 8:37 am By Omar Faridi  |  

P2P digital currency exchanges have reportedly assisted crypto traders with circumventing globally-enforced sanctions against Russia’s banking institutions. Crypto exchange Binance‘s recent activities might worsen its regulatory challenges in the US. The recent crackdown attempts to place a ban on transactions completed with payment cards that… Read More

August 27, 2023 @ 4:42 pm By Omar Faridi  |  

Binance, which is being sued by US regulators for a wide range of issues, is pleased have collaborated with Taiwan’s New Taipei District Prosecutors Office on “a workshop focused on combating cybercrime within the virtual assets space.” Conducted on August 24, the workshop is part… Read More

August 25, 2023 @ 8:52 am By Omar Faridi  |  

Mastercard (NYSE: MA) and digital currency exchange Binance will reportedly be terminating their four cryptocurrency card programs in the South American countries of Argentina, Brazil, and Colombia as well as Bahrain. This will be effective as of September 22, 2023, according to a representative for Mastercard… Read More

August 22, 2023 @ 11:17 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in Delphinus Lab, an infrastructure provider that has implemented the first known open-source zkWASM virtual machine that supports trustless computation and application SDKs. zkWASM technology enables developers “to craft zero-knowledge (ZK) applications using… Read More

August 17, 2023 @ 8:35 am By Omar Faridi  |  

Binance recently released its newest Proof of Reserves (PoR) report “causing the Binance Coin (BNB) to rise” (although this could be due to other market conditions). Meanwhile, emerging hybrid exchange Tradecurve (TCRV) is also “working towards implementing its own PoR.” As a result, it claims… Read More

August 13, 2023 @ 5:46 pm By Omar Faridi  |  

A recent report has looked into just how quickly Binance revenues may be declining. Available trading data provides key insights regarding the status of Binance’s crypto-focused operations and its BNB digital token. As covered earlier this month, the WSJ had released an extensive report which… Read More