Archives

March 15, 2023 @ 8:45 am By Omar Faridi  |  

Binance now again faces being pushed out of the larger financial services sector after the crypto exchange confirmed that it was being told to suspend deposits and withdrawals made in pound sterling (GBP). The digital currency exchange, which has been facing increasing regulatory pressure, stated… Read More

March 11, 2023 @ 5:20 pm By Omar Faridi  |  

Binance, which claims to be the world’s leading blockchain and cryptocurrency infrastructure provider, has announced the launch of Binance Card in Colombia. One of Binance‘s top markets boasting high levels of crypto adoption, Colombia becomes the third country in Latin America “to support the product,… Read More

March 4, 2023 @ 2:34 pm By Omar Faridi  |  

Crime fighters worldwide have seen “an alarming uptrend in both traditional and crypto-related scams since the onset of the COVID-19 pandemic,” according to an update from Binance. Over the past years, Binance has been “engaging in discussions with law enforcement agencies worldwide about how to… Read More

March 3, 2023 @ 4:58 pm By Omar Faridi  |  

Binance has made an investment in Nomad Capital, a newly established crypto venture fund, as part of Binance’s continued efforts “to support the larger crypto ecosystem.” As mentioned in their blog post, Nomad Capital adopts “a hands-on approach to help their portfolio projects grow and… Read More

March 2, 2023 @ 3:20 pm By JD Alois  |  

Senators Elizabeth  Warren, Chris Van Hollen, and Roger Marshall have joined in sending a letter to Changpeng “CZ” Zhou, demanding information pertaining to the operations of Binance, the crypto exchange he founded. The three Senators request that CZ provide “information regarding growing concerns over the finances,… Read More

February 27, 2023 @ 10:14 pm By Omar Faridi  |  

Pundi X is pleased to announces its latest partnership with Binance Pay. This partnership will bring Binance Pay, Binance’s payment service, to Pundi X’s XPOS devices, “enabling thousands of merchants across 30 countries to accept payments in cryptocurrencies more easily.” Binance Pay, “backed by Binance,… Read More

February 27, 2023 @ 12:28 pm By JD Alois  |  

Coinbase (NASDAQ:COIN) has announced via Twitter that it will cease trading in Binance USD (BUSD) on March 13, 2023. We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on our most recent reviews, Coinbase will suspend trading for Binance… Read More

February 21, 2023 @ 9:31 am By JD Alois  |  

The stablecoin market has emerged as a big target for US regulators. Following the news that BUSD, Binances’s dollar-based stablecoin managed by Paxos, was being targeted by regulators, industry observers began to wonder which shoe would drop next. According to crypto analyst firm Nansen, wallets… Read More

February 16, 2023 @ 9:16 am By Omar Faridi  |  

Binance, the world’s largest digital currency exchange, is reportedly expecting to pay monetary penalties in order to settle US regulatory and law-enforcement investigations of its operations. This, according to the company’s CSO (as reported by the WSJ). Over the past five years, Binance has managed… Read More

February 13, 2023 @ 11:47 am By Omar Faridi  |  

Paxos, the regulated blockchain and tokenization infrastructure platform, announced it will end its relationship with Binance “for the branded stablecoin BUSD.” Effective February 21, Paxos will “cease issuance of new BUSD tokens as directed by and working in close coordination with the New York Department… Read More

February 7, 2023 @ 4:51 pm By Omar Faridi  |  

Tax season is a “dreaded” time of the year for many — especially crypto users, according to an update from Binance. Scouring a spreadsheet and computing all your transactions, gains, and losses throughout the past year can be, well, “taxing.” For day traders, who normally… Read More

February 7, 2023 @ 8:45 am By JD Alois  |  

Binance has “temporarily” suspended US dollar withdrawals, according to a report. Soon after it was revealed, Binanc.US – the US subsidiary – Tweeted this decision to suspend dollar withdrawals did not impact its operations. @BinanceUS and @Binance are separate entities. https://t.co/gM6e3xb9BX is a licensed and… Read More

February 6, 2023 @ 7:02 pm By Omar Faridi  |  

Binance, which claims to be the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, has invested in GOPAX, a South Korean cryptocurrency exchange licensed “to provide fiat-to-crypto services to customers, as part of its Industry Recovery Initiative (IRI).” In November 2022, GOPAX halted “the withdrawal… Read More

February 3, 2023 @ 11:53 am By Omar Faridi  |  

Binance, which claims to be the world’s leading cryptocurrency and blockchain infrastructure provider, announced the signing of an MoU with The Georgian Agency for Innovation and Technology (GITA). Under the agreement, both parties “expressed mutual interest in the delivery and implementation of large-scale educational and… Read More

January 31, 2023 @ 1:48 pm By Omar Faridi  |  

Binance and Mastercard (NYSE: MA) are excited to announce the launch of Binance Card in Brazil. Brazil is among “the top ten markets for Binance globally and becomes the second country in Latin America to have the product, following its release last year in Argentina.”… Read More

January 12, 2023 @ 11:38 pm By Omar Faridi  |  

Binance is pleased to announce that Binance Nordics AB has been “granted registration as a financial institution for management and trading in virtual currency by the Swedish Financial Supervisory Authority (Swedish FSA).” This follows months of “constructive engagement” with the regulator. Binance Nordics AB reportedly… Read More

January 7, 2023 @ 4:17 pm By Omar Faridi  |  

Binance is pleased to announce that they have joined the Association of Certified Sanctions Specialists (ACSS), which is reportedly the world’s only organization “bringing together sanctions compliance professionals.” ACSS, established in 2018, “provides high-quality education and benefits to its members.” Binance claims it is “the… Read More

January 3, 2023 @ 9:00 pm By Omar Faridi  |  

Binance has partnered with Kazakhstan’s government organizations in charge of financial technology, education, digital development, and innovation “with the goal of delivering blockchain education to 40,000 people by 2026.” To plan and execute this large-scale initiative, Binance joined forces with the Research Lab’s Blockchain Center,… Read More

January 1, 2023 @ 6:42 pm By Omar Faridi  |  

The team at Binance is pleased to announce that Binance-Peg BUSD is now “available on TRON.” Along with the BUSD issued by Paxos on the Ethereum blockchain, Binance-Peg BUSD (a wrapped version of BUSD “offered by Binance) extends its supported blockchain networks to include TRON.”… Read More

December 30, 2022 @ 11:00 am By Omar Faridi  |  

In 2022, Binance claims it ramped up its regulatory compliance and user protection initiatives. By working collaboratively with regulators worldwide, Binance reveals it has “secured registrations and licenses in 14 jurisdictions as of the end of 2022.” To further reinforce their commitment to fight against… Read More