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Binance Shifts $1 Billion in SAFU Bitcoin Reserves to USDC
18.4.2024
Binance, the leading cryptocurrency exchange globally in terms of trading volume, has shifted its SAFU (Secure Asset Fund for Users) reserves into the stablecoin USDC to bolster “its reliability.” During the early hours of Thursday, the platform transferred two substantial amounts...
Binance Back on Their Feet With Dubai Crypto Licence Following CZ’s Resignation
18.4.2024
Binance, the world’s largest cryptocurrency exchange, received a long-awaited Dubai crypto licence after Changpeng Zhao “CZ” stepped down as CEO.
The post Binance Back on Their Feet With Dubai Crypto Licence Following CZ’s Resignation appeared first on Cryptonews
Major CEXs Experience 3X Surge in Monthly Trading Volumes from October 2023: Bybit
18.4.2024
A new Bybit report reveals a 3x surge in CEX trading volumes from Oct. 2023 to Mar. 2024, fueled by Bitcoin ETF approvals and rising investor confidence. However, DEXs like Uniswap v3 experienced even greater growth. The report also details how the upcoming Bitcoin halving could further impact...
Binance Unveils Binance Megadrop: A Token Launch Platform with Airdrops and Web3 Quests
18.4.2024
Binance, the world's largest cryptocurrency exchange, has introduced a new token launch platform called "Megadrop."
The post Binance Unveils Binance Megadrop: A Token Launch Platform with Airdrops and Web3 Quests appeared first on Cryptonews
Binance Secures Full Virtual-Asset Services Provider License in Dubai
18.4.2024
The fourth and final stage of approval comes almost a year after the crypto exchange secured a third-stage license
Binance Converts User Emergency Fund Assets into USDC for Enhanced Stability
18.4.2024
Binance has made a significant strategic move by converting the entire pool of assets held in its emergency fund for users into USDC (USD Coin), a stablecoin issued by Circle Internet Financial.
The post Binance Converts User Emergency Fund Assets into USDC for Enhanced Stability appeared first...
Binance Could Come Back to India by Paying $2M Fine: Report
18.4.2024
The exchange could return as a FIU-registered firm after paying the fine, the report added
Citadel-Backed Hidden Road Partners Targets $120M in Series B
18.4.2024
Hidden Road Partners aims to secure $120 million in a Series B funding round to bolster its crypto and other trading services, targeting a $1 billion valuation.
The post Citadel-Backed Hidden Road Partners Targets $120M in Series B appeared first on Cryptonews
Binance Plots Comeback to India with $2M Penalty: Report
18.4.2024
Crypto exchange Binance is considering re-entering India’s market after having been banned there in late 2023. The potential re-entry would involve a penalty of about $2m, the Economic Times reported Thursday.
The post Binance Plots Comeback to India with $2M Penalty: Report appeared first...
Crypto Billionaire Justin Sun Moves $196 Million in Tether To Binance – What is He Buying?
17.4.2024
Justin Sun, the founder of Tron, sent a massive amount of USDT to Binance. On April 17, blockchain investigator Lookonchain made this shocking revelation that the Tron founder transferred $196 million worth of USDT from Huobi to a Binance wallet address.
The post Crypto Billionaire Justin Sun Moves...
Binance.US Appoints Former NY Fed Compliance Chief Grant Martin To Board Amidst Crypto Regulation Crackdown
16.4.2024
Grant Martin, the former Chief Compliance and Ethics Officer at the Federal Reserve Bank of New York, is joining the board of Binance.US., the crypto exchange announced in a Tuesday blog post. News of Martin's appointment follows just months after former global Binance CEO, Changpeng "CZ" Zhao...
Binance.US Taps Former New York Fed Compliance Chief for Board Role
16.4.2024
Binance.US added Martin Grant, a one-time New York Federal Reserve Bank official who spent 17 years as its chief compliance and ethics officer, to its board of directors
Experts: Nigeria’s Binance Crackdown Shakes Investor Confidence
16.4.2024
The Nigerian government’s crackdown on cryptocurrency exchanges, including its targeting of Binance, has prompted some cryptocurrency firms to reconsider plans to either enter or further invest in the West African nation. A founder of a cryptocurrency exchange stated that the crackdown on Binance...
DOJ Pulls Back from Choosing NY Law Firm for Binance Oversight, Citing FTX Connections
16.4.2024
The Department of Justice is reportedly reconsidering its selection of a prominent New York law firm to handle a critical assignment related to Binance, due to the firm's prior work for rival exchange FTX.
The post DOJ Pulls Back from Choosing NY Law Firm for Binance Oversight, Citing...
Binance Executive Located in Kenya After Escaping Nigerian Custody
16.4.2024
Nadeem Anjarwalla, the executive from Binance who escaped custody in Nigeria, has reportedly been found in Kenya. Law enforcement agencies in Nigeria, spearheaded by the Economic and Financial Crimes Commission (EFCC), are in talks with their Kenyan counterparts about Anjarwalla’s extradition....
Fleeing Binance Executive Traced to Kenya, Nigeria Pursues Extradition
15.4.2024
The Nigerian government has traced the whereabouts of Nadeem Anjarwalla, a high-ranking executive of Binance, to Kenya.
The post Fleeing Binance Executive Traced to Kenya, Nigeria Pursues Extradition appeared first on Cryptonews
How did Binance extend its reach into the gaming industry?
15.4.2024
BNB, Binance Coin’s recognizable ticker, stands out as the main currency of the exchange. Functioning on Ethereum’s blockchain as an ERC-20 token, BNB upholds established standards, with its supply capped at 200 million tokens. Serving pivotal roles within the Binance ecosystem,...
Volatile Nigerian Currency Rallies 12%, Becomes Best-Performing Currency in April
15.4.2024
After months of sustained decline, the Nigerian currency has rallied since March and is currently ranked as the best-performing fiat currency in April. Andrew Matheny, an economist at Goldman Sachs, said the naira’s momentum can only be maintained if policymakers do not deviate from their...
Gopax Reports Reduced Net Loss of $37 Million After Binance Acquisition
12.4.2024
Gopax, a prominent South Korean cryptocurrency exchange backed by Binance, disclosed a net loss of 51.3 billion Korean won ($37 million) for the fiscal year 2023.
The post Gopax Reports Reduced Net Loss of $37 Million After Binance Acquisition appeared first on Cryptonews
Binance CEO Discusses Company’s Plan After Settlement With US Authorities
11.4.2024
Binance’s chief executive has shared his company’s future direction and areas of focus following its settlement with U.S. authorities, including the Department of Justice (DOJ). “We have moved past that as the company move into greater maturity,” he insisted, adding that...