Archives

November 27, 2021 @ 11:00 am By Omar Faridi  |  

Binance Smart Chain, which claims to be the leading decentralized finance (DeFi), non-fungible token (NFT) and Infra platform, has reportedly completed the first community-voting mechanism pilot for its Most Valuable Builder Program that “selected top ten projects from a pool of industry-leading BSC projects.” As… Read More

November 23, 2021 @ 1:56 pm By JD Alois  |  

Binance is said to be approaching sovereign wealth funds to invest in the world’s largest crypto exchange. Binance, the largest crypto exchange in the world, has largely been able to avoid the growing concern of global financial regulators and an increasing desire to reign in… Read More

November 16, 2021 @ 9:55 pm By JD Alois  |  

In a blog post on Binance today, founder Changpeng Zhao, or CZ, has issued a call for global crypto regulation to “help ensure the industry will continue to innovate responsibly while ensuring a healthy path forward for future growth.” Crypto is deemed as lacking sufficient… Read More

November 9, 2021 @ 7:40 am By Omar Faridi  |  

Binance Smart Chain (BSC), the decentralized finance (DeFi) and non-fungible token (NFT) infrastructure, has confirmed its plans of working with information technology universities internationally via the $100 million Talent Development (TD) program that is “focused on advancing research, education, and career opportunities in crypto and… Read More

October 24, 2021 @ 4:04 pm By Omar Faridi  |  

The team at digital assets firm Binance notes that the crypto and blockchain industry has grown considerably during the past few years, both from a technology adoption and “new user perspective.” When they launched Binance, they decided that it would be their “unwavering” commitment to… Read More

October 22, 2021 @ 11:02 am By JD Alois  |  

Binance Labs, the VC and incubator of Binance, has invested in Melos Studio, a Web 3.0 music NFT platform as the NFT market expands. Binance Labs is expected to provide Melos Studio with technology, consultation, and incubation services. Melos Studio will contribute to Binance ecosystem… Read More

October 3, 2021 @ 8:07 pm By Omar Faridi  |  

Digital assets firm Binance is pleased to confirm that they’ve hired Tigran Gambaryan, a former special agent of the Internal Revenue Service—Criminal Investigation (IRS-CI) Cyber Crimes Unit in Washington, D.C. Tigran joins Binance as Vice President of Global Intelligence and Investigations after working for around… Read More

September 19, 2021 @ 7:24 pm By Omar Faridi  |  

Digital assets firm Binance has expanded its Audit and Investigations team with the appointment of Nils Andersen-Röed from Europol where he served as a specialist on the Dark Web team. As mentioned in the update from Binance, Nils will be tasked with focusing on conducting… Read More

August 26, 2021 @ 10:00 am By JD Alois  |  

Earlier today, the UK Financial Conduct Authority posted the “First Supervisory Notice” related to a statement by the FCA in June that Binance Markets Limited is not permitted to undertake any regulated activity in the UK. Binance Markets is part of the Binance Group. Binance… Read More

August 7, 2021 @ 8:05 am By JD Alois  |  

Former acting Comptroller of the Currency Brian Brooks has announced his exit as CEO of Binance.US. Brooks has only been the Chief Executive of Binance.US since April 2021. Binance.us is a subsidiary of Binance – the largest cryptocurrency exchange in the world. At the time… Read More

July 31, 2021 @ 2:43 pm By Omar Faridi  |  

The Securities Commission Malaysia (SC) has announced new enforcement actions against digital assets firm Binance. The cryptocurrency exchange operator has been accused of illegally operating its trading platform in Malaysia. The SC has now ordered Binance to immediately disable access to its website as well… Read More

July 29, 2021 @ 9:24 am By Omar Faridi  |  

Changpeng Zhao or “CZ”, the CEO of Binance, the world’s largest cryptocurrency exchange in terms of adjusted trading volume, recently announced that he would be welcoming regulation. CZ also said he wants Binance to work cooperatively with regulatory authorities, across the globe, as it establishes… Read More

July 17, 2021 @ 9:31 pm By Omar Faridi  |  

Binance USD, a major stablecoin issued by crypto exchange Binance, has reached its $10B market cap milestone and has entered the top 10 digital currency rankings, the company confirmed in a blog post on July 15, 2021. Binance USD has already exceeded $11 billion in… Read More

July 17, 2021 @ 6:05 pm By JD Alois  |  

Digital assets are inclusive of securities, commodities, utilities, and all of the above. For crypto exchanges, the ability to trade security tokens makes sense – if you are fully compliant. Yesterday, the world’s largest crypto exchange Binance announced it will no longer support stock tokens…. Read More

July 16, 2021 @ 10:11 am By JD Alois  |  

The Bank of Lithuania has issued a warning targeting Binance and its “unlicensed investment services provided in Lithuania.” The Bank did not indicate whether or not it was taking further action to compel Binance to cease any activity within Lithuania. The central bank ordered Binance… Read More

July 12, 2021 @ 6:08 pm By JD Alois  |  

The aftershocks continue to reverberate as affiliated firms assess the action by the Financial Conduct Authority (FCA) to ban Binance’s activity in the UK. Late last month, the UK securities regulatory effectively shut down Binance’s activity in the country. The statement by the FCA was… Read More

July 9, 2021 @ 11:29 am By JD Alois  |  

Following the announcement from Barclays that it would no longer allow transfers to the world’s largest crypto exchange Binance, Santander has announced it will do the same. As posted on the Santander website, the bank explains: We’re stopping payments to Binance for your protection We… Read More

July 6, 2021 @ 9:03 am By JD Alois  |  

At the end of last month, the UK Financial Conduct Authority (FCA) announced that Binance Markets Limited was no longer permitted to undertake any regulated activity in the UK. Binance Markets is part of the broader Binance Group – a company that powers the largest… Read More

July 2, 2021 @ 9:47 am By JD Alois  |  

The Securities and Exchange Commission of Thailand is the next jurisdiction to target the world’s largest cryptocurrency exchange. According to a posting by the securities regulator, the Thai SEC has filed a criminal complaint against Binance for operating a digital asset business without a license…. Read More

July 1, 2021 @ 7:57 am By Omar Faridi  |  

As part of its commitment to compliance, Binance, the world’s largest crypto exchange that has been under investigation by US regulators and other international authorities due to allegations of engaging in recognized markets without authorization (and also contributing to money laundering and other illicit activities),… Read More