Archives

September 6, 2023 @ 3:33 pm By JD Alois  |  

A report on WSJ.com claims that more executives at Binance are departing the firm. Binance remains the largest crypto exchange in the world by a significant amount of activity, with Coinbase a distant second. The report says that Regional head Gleb Kostarev and Russia chief… Read More

September 2, 2023 @ 12:27 pm By Omar Faridi  |  

The new solution allows Binance users in 9 countries in the region to transfer funds from crypto to bank accounts more easily, quickly and cost-effectively. Binance, which claims to be the world’s leading blockchain and cryptocurrency infrastructure provider and biggest exchange by trading volume (and… Read More

August 31, 2023 @ 10:33 am By JD Alois  |  

Binance has formed a partnership with WellxPay, a payment service. WellxPay is a payments provider and Binance is the world’s largest crypto exchange. According to WellxPay the partnership will “revolutionize” the way crypto traders in India and Bangladesh engage in crypto transactions. Binance will utilize… Read More

August 28, 2023 @ 8:37 am By Omar Faridi  |  

P2P digital currency exchanges have reportedly assisted crypto traders with circumventing globally-enforced sanctions against Russia’s banking institutions. Crypto exchange Binance‘s recent activities might worsen its regulatory challenges in the US. The recent crackdown attempts to place a ban on transactions completed with payment cards that… Read More

August 27, 2023 @ 4:42 pm By Omar Faridi  |  

Binance, which is being sued by US regulators for a wide range of issues, is pleased have collaborated with Taiwan’s New Taipei District Prosecutors Office on “a workshop focused on combating cybercrime within the virtual assets space.” Conducted on August 24, the workshop is part… Read More

August 25, 2023 @ 8:52 am By Omar Faridi  |  

Mastercard (NYSE: MA) and digital currency exchange Binance will reportedly be terminating their four cryptocurrency card programs in the South American countries of Argentina, Brazil, and Colombia as well as Bahrain. This will be effective as of September 22, 2023, according to a representative for Mastercard… Read More

August 17, 2023 @ 8:35 am By Omar Faridi  |  

Binance recently released its newest Proof of Reserves (PoR) report “causing the Binance Coin (BNB) to rise” (although this could be due to other market conditions). Meanwhile, emerging hybrid exchange Tradecurve (TCRV) is also “working towards implementing its own PoR.” As a result, it claims… Read More

August 13, 2023 @ 5:46 pm By Omar Faridi  |  

A recent report has looked into just how quickly Binance revenues may be declining. Available trading data provides key insights regarding the status of Binance’s crypto-focused operations and its BNB digital token. As covered earlier this month, the WSJ had released an extensive report which… Read More

August 12, 2023 @ 12:01 pm By JD Alois  |  

This week the Securities and Exchange Commission (SEC) announced a settlement in its enforcement action against Bittrex as well as a foreign affiliate. Bittrex agreed to a total penalty of $24 million. As part of the settlement, Bittrex neither admitted nor denied the SEC’s allegations,… Read More

August 12, 2023 @ 11:21 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has committed 10 Million USD to Helio Protocol, a project “combining over-collateralized lending of its native decentralized stablecoin, HAY, with staking-as-a-service (StaaS) and LSDfi infrastructure, with approximately combined 300 million USD in total value locked… Read More

August 10, 2023 @ 8:26 am By Omar Faridi  |  

Binance has announced that it has become the first fully licensed crypto exchange in El Salvador “after being granted both a Bitcoin Services Provider license (BSP) by the Central Reserve Bank (Banco Central de Reserva) and the first non-provisional Digital Assets Services Provider license (DASP),… Read More

August 6, 2023 @ 6:03 pm By Omar Faridi  |  

Binance says it is pleased to announce the appointment of our former Global Head of Corporate Compliance Kristen Hecht as their new Deputy Chief Compliance Officer (CCO) and Global Money Laundering Reporting Officer (GMLRO) at Binance. As noted in a blog post, Kristen reportedly “brings… Read More

August 3, 2023 @ 9:22 pm By Omar Faridi  |  

Binance, which is being sued by US regulators for a wide range of issues and appears to be operating in jurisdictions where crypto services are banned, is pleased to announce the launch of Binance Japan, their new platform “designed for the Japanese market.” Binance says… Read More

August 2, 2023 @ 10:30 am By Omar Faridi  |  

Binance, which claims to be the world’s largest virtual currency exchange, was expected to leave China behind when the nation officially made cryptocurrency trading illegal back in 2021. Two years later, clients have reported traded $90 billion worth of crypto-focused assets in China during a… Read More

July 31, 2023 @ 4:16 pm By Omar Faridi  |  

Binance, which is being sued by US regulators for a wide range of issues, is pleased to announce that their Dubai subsidiary, Binance FZE, has reportedly become the first exchange “to receive the Operational Minimum Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority… Read More

July 28, 2023 @ 3:25 pm By Omar Faridi  |  

First Digital Group, which includes First Digital Trust, one of Asia’s leading qualified custodians and a registered trust company headquartered in Hong Kong, announces that its stablecoin, First Digital USD (FDUSD), “issued under the entity FD121, will debut and list on Binance, the world’s largest… Read More

July 22, 2023 @ 3:48 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in Radiant Capital, a lending and borrowing protocol built atop Binance Labs portfolio company, LayerZero Labs, and focused on “bridging fragmented liquidity across decentralized finance ecosystems.” This strategic funding round “emphasizes Binance Labs’… Read More

July 14, 2023 @ 6:45 pm By Omar Faridi  |  

Binance, which is being sued by US regulators for a wide range of issues, is pleased to announce the appointment of their own Eleanor Hughes as Binance’s General Counsel. In her new role, Eleanor will “oversee the company’s global legal affairs alongside a team of… Read More

July 14, 2023 @ 9:07 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, which is being sued by US regulators for a wide range of issues, has committed $15 million into Xterio, a Web3 game platform and publisher bridging free-to-play and on-chain gaming with in-house and third-party games… Read More

July 7, 2023 @ 11:15 am By JD Alois  |  

There have been multiple reports that four top executives have exited Binance in rapid succession. Several reports claim that these departures are due to the regulatory challenges Binance is experiencing – most pointedly, the fact that Binance is being sued by the US Securities and… Read More