Catenaa, Thursday, December 19, 2024 – The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against Binance Australia Derivatives, alleging that the platform misclassified over 500 retail clients as wholesale investors, stripping them of essential consumer protections. Between July 2022 and April 2023, Binance reportedly misclassified 83% of its Australian customer base, exposing […]
Paris, October 30, 2023: Binance, the world’s largest cryptocurrency exchange, has announced new partnerships with several European fiat service providers, expanding its reach and influence in the region. This announcement comes in the wake of MasterCard and Binance parting ways last month. The new partnerships will allow Binance users to deposit and withdraw euros using […]
New York, NY, Monday, January 22–Leading cryptocurrency exchange Binance announced today its support for Ondo Finance (ONDO), a newly launched project aiming to bridge the gap between traditional finance (TradFi) and the crypto ecosystem by tokenizing real-world assets (RWAs) like short-term bonds and US Treasuries. The project, led by former Goldman Sachs executives Justin Schmidt […]
George Town, Malta, Tuesday, February 13, 2024 – Cryptocurrency exchange Binance recently announced that it would allow larger traders to store their assets at “crypto-friendly” banks like Sygnum and FlowBank in Switzerland. Previously, users were limited to keeping their holdings on the exchange itself or with its custodial partner, Ceffu. This new policy, formulated during […]
NEW YORK, Wednesday, July 10, 2024 – Binance has announced new measures to tighten oversight of its services and enhance user security. The initiative includes offering rewards for reporting misuse, aiming to prevent fraudulent activities and ensure a safer trading environment. Binance’s announcement can be read here. Users are encouraged to report suspicious activities, with […]
Singapore, Wednesday, November 22–Richard Teng assumed the role of Binance CEO, following the resignation of Changpeng Zhao as CEO over money laundering charges. Binance CEO Changpeng Zhao stepped down from his position and pleaded guilty to breaking US anti-money laundering laws. On Tuesday, Changpeng Zhao appeared in a federal court in Seattle and submitted his […]
Abuja, Nigeria, Monday, May 27, 2024 – Tigran Gambaryan, a detained executive for cryptocurrency exchange Binance, was hospitalized on Thursday, May 23, 2024, after collapsing during his money laundering trial in Abuja, Nigeria, according to Binance Blog. Earlier, Gambaryan’s wife has criticized the conditions at Kuje Prison, where he has been held since February, and […]
Moscow, Wednesday, September 27: Binance, the world’s largest cryptocurrency exchange, announced Wednesday that it was exiting the Russian market. The company said it would sell its Russian business to CommEX, a newly launched exchange. The move comes as Russia faces international sanctions over its invasion of Ukraine. Binance has been under pressure from regulators to […]
London, England, October 23, 2023: Binance, the world’s largest cryptocurrency exchange, announced on October 19 that it had partnered with new fiat service providers to expand its range of euro (EUR) services in Europe. The new partnerships will enable Binance users to deposit and withdraw EUR via Open Banking and SEPA/SEPA Instant, as well as […]
Seattle, Tuesday, February 20, 2024 – The sentencing of Changpeng Zhao, founder and former CEO of the cryptocurrency exchange Binance, has been postponed until April 30, 2024, according to a notice filed on February 12 in a Seattle federal court. “The sentencing is continued to 4/30/2024 at 9:00 AM in Courtroom 13106 before Judge Richard […]
SINGAPORE, Wednesday, April 24, 2024 – In a strategic move, Binance, the world’s largest cryptocurrency exchange, Announced Thursday, April 18 the conversion of its entire $1 billion emergency fund, known as the Secure Asset Fund for Users (SAFU), into USDC, a stablecoin pegged to the US dollar. Previously, SAFU held a mix of assets, including […]
Singapore, Monday, March 4, 2024 – Binance, the leading global cryptocurrency exchange, announced significant upgrades to its Web3 wallet today. These enhancements aim to streamline user experience within the decentralized finance (DeFi) space. The Binance Web3 wallet received a significant upgrade today, bringing a suite of new features designed to enhance the user experience within […]
New York, Tuesday, July 23, 2024 – Cryptocurrency exchange Binance has introduced new features for several digital assets, including Ethereum (ETH), Solana (SOL), and the meme coin Pepe Coin (PEPE) sparking speculation about potential price increases for these currencies. Binance also said that it was launching new trading pairs, such as BNX/TRY and ETH/ARS, offering […]
London, Monday, February 12, 2024 – Binance, the global cryptocurrency exchange, faces significant challenges in its ongoing attempt to re-enter the UK market, reports said last week. According to the recent Bloomberg report, the exchange has not yet secured a new UK partner authorized to approve financial promotions, a crucial requirement for operating in the […]
Thursday, April 18, 2024 –The spot market for CommEX, Binance’s successor crypto exchange in Russia, said in a Telegram Message that the official website of CommEX used for exchanges would not be available from May 10. The CommEX team has also suggested that the users close their accounts and request to withdraw their assets since […]
LAGOS, Nigeria, Monday, March 18, 2024 – Nigerian authorities have detained two senior executives from cryptocurrency exchange Binance, according to a Financial Times report on Tuesday, March 13. Authorities detained two top executives from the cryptocurrency exchange Binance. Two top executives of Binance, Tigran Gambaryan and Nadeem Anjarwalla, were reportedly detained by Nigerian prosecutors after […]
Abuja, Nigeria, Monday, March 11, 2024 –Following Binance CEO Richard Teng’s continued absence after being summoned, Nigeria’s Parliament has issued a formal warning to the cryptocurrency exchange. The House of Representatives Committee on Financial Crimes had previously summoned Teng to address allegations of financial misconduct, including suspicious financial flows, money laundering concerns, and potential tax […]
LONDON, Oct. 30, 2023 – Parity Technologies, the company behind the Polkadot blockchain, is cutting 30% of its workforce, or about 100 employees, amid a widespread wave of layoffs across the crypto industry, a news report said last week. The staff layoffs come as part of Parity’s effort to shift its focus back to its […]
San Francisco, Wednesday, March 27, 2024 – Atlantis Exchange, the crypto trading platform, has opened for XRP trading with USDB on its platform starting on March 17, Binance reported recently. The new venture would expand the trading options available on the Atlantis platform, widening the XRP audience. BNB Chain (BEP20), the supporting network for XRP […]