Tag: Binance

Crypto exchange giant Binance said that the compliance-friendly approach after huge regulatory pressure worked amazingly well in the retention of users. During an interview with Bloomberg, the company’s CEO, Changpeng Zhao (CZ) revealed that many users left the crypto exchange after making the Know Your Customer (KYC) process mandatory. After years of a cat-mouse game […]

The Singapore-based outfits of global digital currency exchanges, Coinbase Global Inc and Binance Holding Ltd have been named amongst the 70 companies still awaiting licenses from the Monetary Authority of Singapore (MAS). The data gleaned from the MAS’s website shows that some of the 70 exchanges or outfits are temporarily operating in the country while […]

The world’s largest crypto exchange Binance suspended crypto withdrawals for the time being with no clarity on when the situation will improve. However, it has also been said that the funds will be safe as this is only a temporary measure to clear the backlog that has piled up in the past number of days.  […]

An unnamed European-based investor has initiated ICC Arbitration proceedings against Binance Exchange, the world’s largest digital currency trading platform by volume for what is described as unjust liquidation of his assets. According to sources close to the matter, the investor is now seeking a $140 million compensation. The fact that Binance has no defined headquarters […]

The regulatory pressure on Binance has been increasing every day, and it is doing everything to combat it. The crypto giant has been forced to halt its several crypto services by various governments around the world. In September, it had to block all fiat deposits and spot trading services for users in Singapore, after which it […]

Binance, the biggest crypto exchange in the world by volume, has been on a roll this year. With the recent developments in Binance.US, which included a new CEO and CFO appointment, the parent company welcomes its first Chief Regulatory Liaison Officer, Mark McGinness. The reason behind this recent appointment is simple, Binance wants to pick up speed […]

A leading crypto exchange platform, Binance, has announced it will delist the Chinese Yuan from its consumer-to-consumer platform. This comes on the heels of an intensification of regulations regarding companies offering crypto-related services in China. On September 24, about 10 Chinese regulators declared any crypto-related transactions in the country illegally. The bodies also threatened action against […]

The world’s largest digital currency trading platform, Binance has made a big announcement today that it has set aside a $1 billion fund to promote blockchain ecosystem innovation and growth. Dubbed the ‘$1 Billion Growth Fund’, the trading platform said the fund is a boost to its previous initiatives to foster growth in the industry. […]

World’s biggest cryptocurrency exchange Binance is in the headlines once again after a tweet. Changpeng Zhao, the CEO of the company was sighted in Dubai having a meeting with the officials following the failure to obtain regulatory consent in Singapore.  Today Colin Wu, Journalist from China, tweeted that many crypto exchange platforms like the Chinese Huobi have […]

Binance.US, in a recent announcement on its website, said that it had appointed Brian Shroder as its new Chief Executive Officer (CEO). This is a controversial situation for the United States branch of the crypto exchange platform. Brian Shroder, earlier, was the president of the company. The announcement is a surprise for everyone as the […]

Binance exchange, the world’s largest trading platform has announced it will cease some of its product offerings in South Africa, yielding to local regulatory demands. According to the company, South African users will no longer be able to trade Futures, Options, Margin, and Leveraged Tokens with immediate effect.  Implications for South African Users Per the […]

The world’s biggest cryptocurrency exchange, Binance, has registered three new firms in Ireland, amid global legislative pressures and crackdowns. Like any true global outfit, the company continues to spread its tentacles around the world. According to Ireland’s Independent news outlet, Binance (APAC) Holdings, Binance Technologies, and Binance (Services) Holdings were the three entities registered. The […]

Changpeng Zhao, a Chinese-Canadian businessman, sold his house in China eight years ago once he read Bitcoin’s whitepaper. The founder and Chief Executive officer (CEO) of Binance recently revealed that he did not give up any of his tokens in the May-June market crash.  Changpeng Zhao, also known as CZ, in an interview, talked about […]

BitMEX has finally joined Binance in modifying its services as exchanges race against time to remain in compliance with new rules and regulations. Recall, South Korea recently made moves to regulate crypto exchanges, and in line with the September 24 deadline, Bitmex has now removed the Korean language from its website. South Korea has since […]

Crypto Traders to Sue Binance for Millions After May Outage. Anyone that has lost money in the May 19 incident can join the group to pursue Binance for compensation at zero cost. A loosely organized group of traders is pursuing Binance for compensation over losses caused by a malfunction on the exchange during one of […]

Ethereum price leads altcoins in recovery following July’s first massive selloff. Binance Coin bulls are eager to send the price above $300 as technical levels flip bullish. Ethereum Price Prediction – The crypto market has started changing red after 48 hours of bearish dominance. Key support levels have been put to the great test, with […]

Cryptocurrency CRASH: At the time of writing this article (1900 EST), the following cryptocurrencies are crashed with double digits: Cardano (ADA) -17% Basic Attention Token (BAT) -16.1% Bitcoin (BTC) -11.59% Doge (DOGE) -36.75% Polkadot (DOT) -24.41% Ethereum (ETH) -16.54% Komodo (KMD) -28.53% ChainLink (LINK) -20.5% Litecoin (LTC) – 19.03% Stellar (XLM) -20.41% Monero (XMR) -23.44% […]

Price Analysis 6/7 Bitcoin and altcoins are likely to remain under pressure for a few days but lower levels could attract buying as per price analysis. United States Treasury Secretary Janet Yellen defended President Joe Biden’s latest massive spending package while speaking to Bloomberg. Yellen said it would be “a plus” for society even if […]