Tagged: binance

June 20, 2023 @ 11:04 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, which has been sued by US regulatory authorities and faces a wide range of regulatory/operational challenges, has made an investment in the five “best-performing” projects of Season 5 of its Incubation Program. More than 900… Read More

June 17, 2023 @ 11:19 am By JD Alois  |  

Earlier today, the SEC revealed that it has received court approval for “emergency relief” from Binance and affiliated entities to require funds impacting US investors to be maintained in the US. The order states that funds must be repatriated and held for the benefit of… Read More

June 17, 2023 @ 9:56 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has received court approval for emergency relief regarding assets held by Binance for US customers. The SEC states that all defendants in its litigation against Binance Holdings Limited, BAM Management US Holdings Inc., BAM Trading Services Inc., and Changpeng… Read More

June 16, 2023 @ 6:52 pm By JD Alois  |  

Binance is continuing its staggered retreat from another market. According to a Tweet from today, Binance is exiting the Netherlands market as they have been “unable to register as a VASP with the Dutch regulator.” A VASP is a virtual asset service provider, and the… Read More

June 11, 2023 @ 12:11 pm By Omar Faridi  |  

The attention of the Securities and Exchange Commission (the Commission) in Nigeria has been drawn to the website operated by Binance Nigeria Limited, “soliciting the Nigerian public to trade crypto assets on its various web and mobile-enabled platforms.” Binance Nigeria Limited is “neither registered nor… Read More

June 9, 2023 @ 3:16 pm By Omar Faridi  |  

On June 8, 2023, Binance, which is being sued by US regulators for a wide range of issues, conducted a one-day training program in collaboration with Taiwan’s Criminal Investigation Bureau (CIB) in Taipei. This collaboration is “part of their broader commitment to contribute to combating… Read More

June 9, 2023 @ 8:57 am By Omar Faridi  |  

Binance.US revealed on Thursday (June 8, 2023) that it will be suspending US dollar deposits and that its banking partners are getting ready to suspend fiat US dollar withdrawal options as early as June 13, 2023. This update has come a few days after US… Read More

June 8, 2023 @ 1:12 am By Omar Faridi  |  

Payments are one of crypto’s “biggest” and “earliest” use cases, and Binance‘s new partnership with Lyzi is “helping to achieve this goal in more locations.” While many use crypto as an investment, it’s also “a great way to transfer value globally with minimal fees and… Read More

June 6, 2023 @ 9:04 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed an emergency action seeking a temporary restraining order to freeze the assets of Binance while requiring defendants to repatriate assets held for the benefit of customers of Binance.US. The SEC says the action is designed to protect… Read More

June 6, 2023 @ 3:21 pm By JD Alois  |  

The Securities and Exchange Commission’s one-two punch attacking Binance and Coinbase – two of the largest crypto exchanges in the world – may push other crypto marketplaces outside the US. As the US has struggled to craft new regulations to oversee the digital asset marketplace,… Read More

June 6, 2023 @ 10:32 am By JD Alois  |  

Following the revelation of charges filed against Binance and its founder, the Securities and Exchange Commission (SEC) has filed similar charges against Coinbase (NASDAQ:COIN) – the US’s only publicly traded crypto exchange. The charges against Coinbase include operating an unregistered securities exchange, acting a broker,… Read More

June 5, 2023 @ 5:43 pm By JD Alois  |  

Shares in Coinbase (NASDAQ:COIN), the only publicly traded pure-play crypto exchange and digital asset ecosystem, sank over 9% today as the news filtered out that the Securities and Exchange Commission (SEC) had filed 13 individual charges against Binance, Binance.US and its founder Chengpang Zhao. As… Read More

June 5, 2023 @ 1:07 pm By JD Alois  |  

Long anticipated and finally here, the Securities and Exchange Commission (SEC) has filed 13 charges against Binance and its founder and CEO, Changpeng Zhao. Binance is the largest crypto exchange in the world, garnering around 60% of crypto trading. Zhao, who goes by CZ, is… Read More

June 3, 2023 @ 10:47 pm By Omar Faridi  |  

Binance Labs, the venture capital arm and accelerator of Binance, has co-led a $6.6 million seed funding round for Fusionist, a Web3 gaming company, alongside Web2 gaming giant FunPlus in May 2022. The move aligns “with Binance Lab’s commitment to supporting early-stage Web3 gaming projects… Read More

June 1, 2023 @ 9:00 am By Omar Faridi  |  

Binance, which claims to be the world’s largest cryptocurrency exchange in terms of overall trading volume and scope of operations, recently revealed that it may be reassessing its workforce following numerous other industry-wide reports of layoffs and an extended bear market. On Wednesday (May 31,… Read More

May 29, 2023 @ 4:37 pm By Omar Faridi  |  

Gulf Binance Co., Ltd., a joint venture between Binance and Gulf Innova Co., Ltd., has now secured digital asset operator licenses from the country’s Ministry of Finance. Digital asset operators are “regulated by Thailand’s Securities and Exchange Commission (SEC).” Gulf Binance will be able “to… Read More

May 24, 2023 @ 11:47 am By JD Alois  |  

Binance is taking another PR blow as Reuters is reporting that the world’s largest crypto exchange has been commingling investor and company funds. According to the report that was derived from a former company insider, “billions of dollars” and commingling happened on a daily basis…. Read More

May 13, 2023 @ 4:32 pm By JD Alois  |  

After a bit of a struggle to gain access to the Canadian market, Binance has decided to exit the country. In an extended Tweet, Binance announced its decision. Unfortunately, today we are announcing that Binance will be joining other prominent crypto businesses in proactively withdrawing… Read More

May 8, 2023 @ 9:49 am By JD Alois  |  

Describing it as a learning experience, Binance has announced that all pending Bitcoin transactions have now been processed after a bumpy day when the crypto exchange paused BTX trades. All pending $BTC withdrawal transactions have now been processed. Once again, thank you for your patience… Read More

May 7, 2023 @ 3:24 pm By JD Alois  |  

Binance, the top crypto exchange in the world, halted Bitcoin transactions temporarily today due to a “congestion issue.” In a Tweet, Binance announced the issue, which was resolved about two hours later. Binance has yet to reveal the issue that caused the interruption. We've temporarily… Read More