Archives

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

December 21, 2022 @ 12:03 pm By Omar Faridi  |  

The team at Binance is pleased to announce that they have joined the Chamber of Digital Commerce, a blockchain and cryptocurrency trade association. Binance has joined the Chamber’s Executive Committee in order “to move the blockchain industry forward alongside other industry players.” Binance VP of… Read More

December 16, 2022 @ 12:50 pm By JD Alois  |  

Mazars, an international accounting firm, has pulled its proof of reserves report on Binance, according to multiple reports. Mazars apparently has halted all work on crypto platforms. Mazars has yet to issue a statement on its decision. Most recently, Mazars posted a Proof of Reserves… Read More

December 13, 2022 @ 11:20 am By JD Alois  |  

Nansen, a crypto and blockchain data provider, has sent over a graph of crypto outflows taking place on Binance. The visual charts activity from September 14, 2022 to December 13, 2022. According to Nansen, from the last 6 months to the last 24hrs, Binance’s withdrawals… Read More

December 13, 2022 @ 9:35 am By JD Alois  |  

The rising concern of more enforcement actions targeting crypto exchanges is taking a toll on the world’s largest centralized operation Binance, according to a report by Reuters.  Citing data provided by Nansen, it is being claimed that Binance has experienced $1.9 billion in withdrawals in… Read More

December 12, 2022 @ 12:07 pm By JD Alois  |  

Federal prosecutors are debating whether or not to file charges against the world’s largest crypto exchange – Binance, according to a report by Reuters. The US Department of Justice is undecided as to if they should pursue criminal charges against Binance, with an ongoing investigation… Read More

December 8, 2022 @ 3:11 pm By Omar Faridi  |  

Binance.US, the U.S. partner to one of the world’s largest crypto exchange and America’s home to buy, sell, trade, convert and stake digital assets, announced that it “has expanded its zero fee pricing model to now include Ethereum (ETH), effective immediately.” All new and existing… Read More

December 3, 2022 @ 4:29 pm By Omar Faridi  |  

The team at Binance is pleased to announce that Binance Custody has “completed our SOC 2 Type 1 and SOC 2 Type 2 attestations.” Their completion demonstrates their commitment “to information security and privacy protection by closing the year with an array of security examinations.”… Read More

December 1, 2022 @ 11:23 am By Omar Faridi  |  

Binance, which claims to be the world’s “leading” blockchain ecosystem and cryptocurrency infrastructure provider, announced it has “acquired 100% of Sakura Exchange BitCoin (SEBC), the Japanese-registered crypto exchange service provider.” Through this acquisition, Binance enters “the Japanese market, as a Japan Financial Services Agency (JFSA)… Read More

November 30, 2022 @ 11:53 am By JD Alois  |  

Binance recently announced the creation of an “Industry Recovery Fund” following the collapse of FTX and the collateral damage it has caused to the cryptocurrency industry. Several other platforms have indicated they have been impacted by the bankruptcy of FTX, and several have shut down… Read More

November 27, 2022 @ 7:59 pm By Omar Faridi  |  

Binance‘s management has answered a few follow-up questions from the community about “how funds and wallets are managed at Binance.” Binance explains that it “holds all of its clients’ crypto-assets in segregated accounts which are identified separately from any accounts used to hold crypto-assets belonging… Read More