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Binance To Re-Enter India After $2M Penalty, Pledges Compliance
Thursday, April 18, 2024 - 7:56am | 526Crypto exchange Binance is on the brink of re-entering the Indian market after a hiatus enforced by regulatory issues. What Happened: Having faced a ban in January, the exchange is now preparing to operate again by settling a $2 million penalty, according to insiders familiar with the situation,...
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Binance Shifts $1B Emergency Fund To Stablecoin USDC: A New Era Of Stability?
Thursday, April 18, 2024 - 1:33am | 654In a significant move, Binance, the world’s leading cryptocurrency exchange, has made a strategic shift in the composition of its emergency fund, opting for the stability of a stablecoin amid a dynamic market landscape. What Happened: Binance has transformed its user emergency fund entirely...
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Bitcoin Dropping To This Level Could Trigger Over $15B In Liquidations On Binance, Warns Analyst
Wednesday, April 17, 2024 - 9:10pm | 710The cryptocurrency market is bracing for a potential storm as Bitcoin‘s (CRYPTO: BTC) price hovers around $50,500. A leading analyst has warned that if the price falls to this level, it could trigger over $15 billion in liquidations on Binance (BNB). What Happened: Cryptocurrency analyst Ali...
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Crypto Whale's Ethereum Long Strategy Goes Awry, Resulting In $4.5M Loss: Report
Wednesday, April 17, 2024 - 10:18am | 846A major Ethereum (CRYPTO: ETH) investor reportedly lost over $4.5 million in two failed attempts to leverage the cryptocurrency. The investor then sold $33 million worth of ETH to settle the debt. What Happened: According to the Lookonchain report, the whale initially lost $500,000 while trying to...
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What Is Going On With Bittensor's TAO Token? 'You're Not Bullish Enough,' Says Crypto Trader
Thursday, April 11, 2024 - 12:30pm | 524Bittensor‘s (CRYPTO: TAO) token is capturing significant attention in the cryptocurrency sphere, driven by its innovative approach to decentralized artificial intelligence (AI). What Happened: Binance and Crypto.com have announced the inclusion of the TAO token on their platforms, a move...
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Binance Has 'Moved Past' Its Old Ways, Says CEO Richard Teng
Tuesday, April 9, 2024 - 10:56am | 497Binance, the world’s largest cryptocurrency exchange by trading volume, is making a concerted effort to shed its past reputation and embrace regulatory compliance. What Happened: Speaking at the Paris Blockchain Week on Tuesday, Binance CEO Richard Teng reflected on the company’s...
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'Binance Was Operating In A Different Fashion': New CEO Says Crypto Exchange Has Matured Following $4.3B DOJ Settlement
Tuesday, April 9, 2024 - 9:12am | 561In the wake of a $4.3 billion settlement with the U.S. Department of Justice (DOJ), Binance‘s recently appointed CEO, Richard Teng, has declared the company’s evolution past its previous cultural issues. What Happened: Previously, the DOJ had criticized Binance for its “act first...
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Despite $4.3 Billion In Fines, Changpeng Zhao Stays On Forbes's Richest Crypto Billionaire List, Amassing More Than $33 Billion From Binance
Monday, April 8, 2024 - 8:30am | 726Changpeng Zhao (CZ) has had a ride regarding crypto. From founding Binance in 2017 to pleading guilty to money laundering charges in 2023, CZ has seen its highs and lows. Despite the legal issues that CZ has faced, he remains the richest person in crypto and one of the top 50 richest people in the...
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Dormant Bitcoin Whale Springs Back To Life With $74M Binance Deposit
Monday, April 8, 2024 - 6:38am | 454A Bitcoin (CRYPTO: BTC) whale, dormant for the last eight months, transferred a huge sum of Bitcoin to Binance, the world’s largest cryptocurrency exchange. What Happened: According to on-chain analytics firm Lookonchain, the whale shifted $74.3 million of Bitcoin to Binance while maintaining...
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'Binance Is Not Paying Its Taxes In Multiple Jurisdictions,' Claims CNBC Reporter Amid Nigerian Lawsuit Drama
Tuesday, March 26, 2024 - 2:53am | 640CNBC reporter MacKenzie Sigalos highlighted serious tax evasion allegations against cryptocurrency exchange Binance. What Happened: During CNBC’s “Last Call” on Monday, Sigalos mentioned that Binance is facing multiple lawsuits in Nigeria and the U.S., and the recent escapade of a...
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Philippines Blocks Binance Over Unlicensed Operations, Citing Investor Protection
Monday, March 25, 2024 - 6:09pm | 452The Philippines Securities and Exchange Commission (SEC) took decisive action to block the online presence of cryptocurrency exchange Binance in the country. What Happened: In mid-March, the Commission En Banc approved the filing of a formal request with the National Telecommunications...
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Binance Executive Flees Nigeria To Avoid Tax Evasion Prosecution
Monday, March 25, 2024 - 10:30am | 560Nadeem Anjarwalla, a senior Binance executive, reportedly fled Nigeria amid charges of tax evasion among other allegations. What Happened: Anjarwalla, who holds dual British and Kenyan citizenship, reportedly made his escape under the guise of attending prayer services, capitalizing on the...
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Book Of Meme Outperforms 'Dogecoin Killer' Shiba Inu, 'Rich Dad Poor Dad' Author Says Buy Bitcoin, Gold Amid China's Economic Woes And More: This Week In Cryptocurrency
Sunday, March 24, 2024 - 2:53am | 762It’s been a tumultuous week in the world of cryptocurrencies. Meme coins made unexpected strides, major cryptocurrencies took a dive, and well-known figures made bold predictions and critiques. Here’s a closer look at what transpired over the weekend. Book Of Meme Outperforms ‘...
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Changpeng Zhao Launches A New Project After Stepping Down From Binance: 'No New Tokens'
Tuesday, March 19, 2024 - 2:53am | 608Changpeng Zhao, the co-founder and once the head of Binance, shared news of his latest venture, Giggle Academy, on Monday. What Happened: He described it as a fun and free way for kids to learn, calling the platform “gamified, adaptive.” My next project. @GiggleAcademy (No...
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Nigeria Detains Binance Execs, Demands Top 100 Users' Data: Is Crypto Destabilizing The Naira?
Wednesday, March 13, 2024 - 12:31pm | 621In an ongoing investigation that has seen the detention of two high-ranking officials from the cryptocurrency exchange Binance, Nigeria is intensifying its scrutiny by demanding detailed information on the exchange's top 100 Nigerian users and their transaction histories over the past six...