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Binance Makes Historic Move as First Licensed Crypto Exchange in El Salvador


Binance, the world's largest cryptocurrency exchange, has become the first fully licensed crypto exchange in El Salvador.  In a Tuesday announcement, the company said it has been granted a Bitcoin Services Provider license (BSP) by the Central Reserve Bank (Banco Central de Reserva) and the first...

Binance Users Reach 150 Million, CZ Reveals


Registered users of Binance have hit 150 million, the crypto exchange’s founder and CEO, Changpeng Zhao (CZ), announced on social media. The milestone has been reached despite increased regulatory pressure on the world’s largest trading platform for digital assets in the past few months. Crypto...

Coinbase Looking to Add Lightning Network Support


Coinbase, one of the largest U.S.-based cryptocurrency exchanges, is moving to add support for Lightning Network on its trading platform. Brian Armstrong, CEO of Coinbase, confirmed that the exchange was looking into the best ways to achieve this task, reaffirming his support for bitcoin payments....

Binance to Restore Full Services in Japan in August, CZ Unveils


Cryptocurrency exchange Binance will start offering full services in Japan next month, founder Changpeng Zhao (CZ) announced. The leading trading venue for digital assets reenters the Japanese market with a domestic exchange after announcing earlier it was discontinuing services through its global...

Binance, CZ to Seek Dismissal of CFTC Complaint


Crypto exchange Binance and its founder and CEO Changpeng Zhao (CZ) plan to seek the dismissal of a lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC). On July 27, the trading platform is due to submit its response to the CFTC complaint alleging that it broke derivatives laws...

Binance and CEO Changpeng Zhao Plan to Submit Motion to Dismiss CFTC Lawsuit


Binance, the world's biggest crypto exchange, billionaire founder Changpeng Zhao – CZ – and the exchange’s former compliance chief Samuel Lim have intended to file two motions to dismiss a complaint from the Commodity Futures Trading Commission (CFTC). Per a court filing on Monday, Binance and...

24th Quarterly BNB Burn Successfully Completed by Binance


The embattled crypto exchange giant Binance completed its quarterly burn of 1.99 million BNB coins worth around $477 million on Wednesday successfully.  The exchange has been conducting such quarterly burns of BNB to reduce the token’s supply since October 2017. The price of the BNB did not see...

Binance CEO Confirms Layoffs, Refutes Exaggerated Figures


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


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 Reportedly Lays Off Over 1,000 Employees, CZ Says Exchange Is Hiring


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...

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