Tagged: binance

October 26, 2023 @ 5:00 pm By JD Alois  |  

Senator Cynthia Lummis, along with Representative French Hill, have sent a letter to the US Department of Justice asking them to make a determination regarding the ongoing investigation into Binance, the largest crypto exchange in the world, along with the world’s largest stablecoin issuer Tether…. Read More

October 20, 2023 @ 10:08 pm By Omar Faridi  |  

Binance has reportedly signed several agreements with new fiat partners for EUR payments, deposits, and withdrawals. According to a blog post from Binance, Users are already migrating to these new services. As explained in the announcement, fiat channels are an important factor in “driving crypto… Read More

October 19, 2023 @ 10:00 pm By Omar Faridi  |  

Binance Academy, the “open-access” blockchain and Web3 learning hub, has joined forces with Blockchain Center, an independent non-profit research laboratory that fosters blockchain talent development through education, research, and development worldwide, to expand their joint blockchain education program globally. Now branded as the Global University… Read More

October 18, 2023 @ 7:25 am By Omar Faridi  |  

The US division of crypto exchange Binance has reportedly suspended withdrawals of dollars by its customers from the digital asset platform (as per the firm’s updated terms shared on Monday). In June of this year, Binance.US decided to halt US dollar deposits, following the US… Read More

October 17, 2023 @ 8:50 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 while also dealing with major operational challenges, has invested in Initia, a network designed for highly interwoven modular rollups. The platform enables… Read More

October 16, 2023 @ 5:19 pm By JD Alois  |  

Binance UK will stop accepting new users as of today (Monday, October 16, 2023). The announcement follows the denial of approval for a third party to provide marketing services to the UK iteration of the world’s largest crypto exchange. This month, the UK Financial Conduct… Read More

October 10, 2023 @ 11:15 pm By Omar Faridi  |  

Hong Kong’s authorities have claimed that 11 of the city’s Binance clients had been targeted in a series of phishing scams that were reportedly carried out via text messages. Hong Kong law-enforcement agencies have cautioned users of the scam as part of an October 9,… Read More

October 10, 2023 @ 5:18 pm By JD Alois  |  

Posted on the UK Financial Conduct Authority (FCA) registry today, peer-to-peer lender Rebuildingsociety was denied the ability to approve any financial promotion for a “Qualifying Cryptoasset for communication by an unauthorized person” and must withdraw any current promotion by tomorrow. After Rebuildingsociety has withdrawn all… Read More

October 10, 2023 @ 4:22 pm By JD Alois  |  

National Headquarters for Economic Combating Terrorism (EMT) of the Ministry of Defense, the Shin Bet, and Israel police have frozen accounts affiliated with Hamas in partnership with Binance, according to a report by Calcalist. The report states: “With the outbreak of the war, Hamas launched… Read More

October 8, 2023 @ 1:56 pm By Omar Faridi  |  

In compliance with the updated Financial Promotions Regime, Binance has reportedly launched a new domain for UK users and partnered with Rebuildingsociety.com Limited which will “approve Binance’s marketing and communications materials.” Rebuildingsociety.com is an FCA regulated firm which is “authorized to approve crypto marketing and… Read More

September 30, 2023 @ 3:51 pm By Omar Faridi  |  

As Paysafe Payment Solutions Limited “unilaterally” decided to stop processing EUR deposits for Binance users, Paysafe users are now “advised to take appropriate actions in advance.” Paysafe users may “convert EUR balances in their Binance accounts to USDT before 2023-10-31 at 0:00 (UTC).” Meanwhile, users… Read More

September 27, 2023 @ 8:02 am By Omar Faridi  |  

Binance, which is being sued by US regulators for a wide range of issues along with facing other major compliance and operational challenges, has entered into an agreement to sell the entirety of its Russia business to CommEX. To ensure a smooth process for existing… Read More

September 15, 2023 @ 8:52 am By Omar Faridi  |  

Certain executives working at the US division of Binance are reportedly leaving at a time when the crypto firm is struggling with heightened regulatory scrutiny, the WSJ reported this past Thursday, citing sources familiar with the issue. Krishna Juvvadi, head of legal, and Sidney Majalya,… Read More

September 14, 2023 @ 8:21 am By Omar Faridi  |  

Solve.Care, which claims to be a pioneering global healthtech company renowned for its blockchain-based digital healthcare platform, has announced a partnership with Binance Pay, the contactless, borderless, and secure cryptocurrency payment technology developed by Binance, to enable users to use crypto payments “for healthcare services… Read More

September 12, 2023 @ 10:32 am By Omar Faridi  |  

In response to the devastation caused by the recent earthquake in Morocco, Binance Charity will airdrop up to $3 million in BNB to Binance users “identified as living in the areas affected by the tragedy.” Identification of the users will be “based on Proof of… Read More

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 6, 2023 @ 11:11 am By Omar Faridi  |  

Travis Kling, a former L/S Equities Portfolio Manager that fell down the “Crypto rabbit hole” who’s now running the Ikigai fund, notes that as summer officially draws to a close, you may have been “away from the screens over the last few months.” Travis has… Read More

September 5, 2023 @ 10:06 pm By Omar Faridi  |  

Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE:FNQ), has shared key insights with CI. SEC vs Service Provider Developments Keeps Market Volatility Up Bitcoin (BTC) closed last week “around $26,000, a 0.5% decrease in price from… 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