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Binance CEO Confirms Layoffs, Refutes Exaggerated Figures
17.7.2023
Binance CEO Changpeng Zhao (CZ) has confirmed that his exchange is laying off people, but said numbers reported in the media are “way off.”
“As we continuously strive to increase talent density, there are involuntary terminations,” CZ wrote in a tweet this weekend, while adding “This happens...
Binance Slashes Worker Benefits as Profit Falls: WSJ
17.7.2023
Binance has stopped offering certain benefits to its employees on June 19 as the company’s profits continue to decline, according to former employees and internal company messages viewed by the Wall Street Journal
Binance US Records Massive Discrepancies as USD Exchange Rates Plummet by 16% in July
17.7.2023
As of July 17, 2023, fresh data indicates a concerning rise in discrepancies between Binance US’ exchange rates and the global average. Initially, at a mere 2% to 5% in late June, the disparity sharply soared to an astonishing 16% by mid-July. Even though bitcoin lingered just above $30,000...
Lightning Network Bitcoin Deposits Now Live on Binance
17.7.2023
Bitcoin holders that want to deposit their assets to crypto exchange Binance using the lightning network, a bitcoin scaling solution
Binance.US shares an update about the legal battle with the SEC
17.7.2023
The American arm of Binance has shared an update with the community about the ongoing legal battle with the US Securities & Exchange Commission, the SEC. Per the update, the US Court has not granted rights to the Commission to freeze the assets of the platform. Also, their right to TRO has been...
Binance Successfully Integrates Bitcoin Lightning Network for Faster and Cheaper Transactions
17.7.2023
Crypto exchange giant Binance has completed the integration of the Bitcoin Lightning Network, enabling its users to deposit and withdraw the world's number one crypto through this popular Layer 2 (L2).
Bitcoin Lightning Network is a second-layer solution that addresses scalability issues. It uses...
1inch Token Surges 58% as Daily Trading Volume Spikes to 20-Month High; Investor Moves $3.7M to Binance
17.7.2023
The native token of decentralized exchange (DEX) aggregator 1inch (1INCH) has risen by more than 30% in the past 24-hours as trading volume hit $597 million, its highest level since October, 2021
National Australia Bank joins crypto exchange boycott, cites ‘scams’
17.7.2023
National Australia Bank is the latest bank to announce blocks on certain cryptocurrency exchanges, citing the high risk of scams
BNB Token is Being Heavily Shorted, Perpetual Futures Show
17.7.2023
Binance completes integration of Bitcoin Lightning Network
17.7.2023
The news comes less than a month after Binance announced their plans to integrate Bit Lightning Network
Binance Reportedly Lays Off Over 1,000 Employees, CZ Says Exchange Is Hiring
15.7.2023
Leading crypto exchange Binance has cut hundreds of jobs after a string of executive exits, according to a media report. The news, which comes as the coin trading platform marks its sixth anniversary amid increased pressure from regulators, was termed as FUD by founder Changpeng Zhao who said...
Binance customers represented by entity, citing inadequate representation
15.7.2023
Eeon seeks compensation from both Binance and the US SEC, equivalent to 20% of the daily value of withheld funds per customer, totaling $1000 per day
Liquid Staking Derivatives in Ethereum Swell by 1.5 Million ETH in 2 Months
15.7.2023
Over the course of the previous 63 days, there’s been a notable 16.98% surge in the quantity of ethereum (ETH) held in liquid staking derivatives protocols, with a substantial addition of roughly 1,507,285 ETH across 23 different platforms. Data reveals that Lido Finance dominates...
What Ripple’s Partial XRP Win Means for Other Crypto Firms Fighting SEC
14.7.2023
Coinbase and Binance have a new precedent to cite in court – if the decision survives potential appeal. That’s no sure thing, lawyers said
Bitcoin Price Prediction as BTC Dips Back Below $31K as Binance Lays Off 1000 Workers
14.7.2023
A hint of caution has returned to the cryptocurrency market on Friday in wake of the emergence of reports that Binance has laid off roughly 1,000 workers in recent weeks, and that layoffs could continue.
Bitcoin (BTC) slipped back under $31,000 per token on the news, which was first reported...
Price analysis 7/14: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, LTC, MATIC, DOT
14.7.2023
Bitcoin and several altcoins are taking a breather after the sharp rally of the past two days, but the general trend remains bullish
Binance headcount reduction hits 1,000 employees: Report
14.7.2023
The ongoing workforce reduction is reportedly global, with customer-service workers heavily affected
Binance Cut 1,000 Workers in Recent Weeks: WSJ
14.7.2023
Binance has laid off over 1,000 workers globally in recent weeks, the Wall Street Journal reported
XRP Gets Binance.US Listing as Exchange Joins Rivals’ Embrace
14.7.2023
Trading XRP on Binance.US began Friday
Today in Crypto: Multichain Halts Operations Due to Lack of Funds and CEO's Arrest, Indonesia to Launch National Crypto Exchange This Month, US SEC Acknowledges Bitwise's Spot BTC ETF Application
14.7.2023
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Read More: Today in Crypto: Multichain Halts Operations Due to Lack of Funds and CEO's Arrest, Indonesia to Launch National Crypto...