Tag: Binance

16
May
2024
Posted in Altcoin

Binance offers 10% of trader profits to users who engage in spot copy trading

Users can now immediately replicate the trading techniques of seasoned traders with this new option. Binance has clarified the distinction between copy trading in the futures and spot markets. Exchange…

10
May
2024
Posted in Blockchain

Canada’s Fintrac fines Binance $4.3 million

The regulator further stated that on 5,902 occasions between June 1, 2021, and July 19, 2023, Binance failed to record a single transaction valued at $10,000. Furthermore, according to FINTRAC,…

03
May
2024
Posted in BSC Policy and Regulation

Binance Works with Indian Authorities to Catch $10 Million Fraud

The exchange and two more people worked with local law enforcement to expose a money laundering operation. The regulatory focus on the Indian cryptocurrency business has recently increased, with initiatives…

01
May
2024
Posted in BSC

Changpeng Zhao, the former CEO of Binance, received a four-month prison sentence

Tuesday’s sentencing session saw Zhao apologize and express his desire to accept accountability for his “mistakes.” Additionally, he stated that Binance has put in place an anti-money laundering and Know…

24
Apr
2024
Posted in BSC

Binance Launches Spot Copy Trading Feature to Enhance User Experience

Binance, the world’s leading cryptocurrency exchange, is introducing a new spot copy trading tool, allowing users to mimic the trading strategies of top traders automatically. This innovative feature, set to…

19
Apr
2024
Posted in Altcoin BSC

Binance Obtains Full Crypto Services License in Dubai

Binance, the leading global cryptocurrency exchange by trading volume, has been granted a full virtual-asset services provider (VASP) license by Dubai’s Virtual Assets Regulatory Authority (VARA). This marks the completion…

19
Apr
2024
Posted in Altcoin

After obtaining a Dubai VASP license, Binance announces the launch of the token drop platform Megadrop

Through the integration of the Binance Simple Earn program and the Binance Web3 Wallet, it will also facilitate airdrops and Web3 quests. Making the airdrop experience more interesting for users…

19
Apr
2024
Posted in Altcoin

Binance exchanges SAFU insurance fund assets for Circle’s USDC

Binance has revealed a surprising upgrade for its SAFU emergency insurance fund, turning all of its assets—roughly $1 billion—into USD Coin (USDC), Circle’s stablecoin.  The exchange stated in a blog…

18
Apr
2024
Posted in Altcoin BSC

Binance to pay a $2 million fine in order to reenter India

The largest cryptocurrency exchange in the world, Binance, is getting ready to return to India by paying a $2 million fine, according to an article in India’s Economic Times that…

17
Apr
2024
Posted in BSC

Binance.US Appoints Former New York Fed Compliance Chief to Board

Binance.US has announced the addition of Martin Grant, a former senior official at the Federal Reserve Bank of New York, to its board of directors. Grant, who served as the…

15
Apr
2024
Posted in Policy and Regulation

Nigerian government seeks the extradition of Binance executive who is fugitive from Kenya

Nadeem Anjarwalla, the executive of Binance, fled from custody and was found in Kenya by the Nigerian authorities. Currently, the government wants to repatriate him to Nigeria. Punchng.com verified that…

06
Apr
2024
Posted in Altcoin BSC

Binance Implements Stricter KYC Standards for Corporate Clients

Cryptocurrency exchange Binance has announced a tightening of its Know Your Customer (KYC) requirements for business clients, signaling a shift toward enhanced compliance measures. Effective from March 20, Binance has…

06
Apr
2024
Posted in BSC

Binance Expands Web3 Wallet with Integration of 35 New dApps

Binance has recently expanded its web3 wallet by integrating 35 new decentralized applications (dApps), enhancing its functionality and usability for users. The latest additions include prominent platforms like Aevo, Ambient…

05
Apr
2024
Posted in Altcoin BSC

Binance to Discontinue Bitcoin NFT Support Amidst Rising Interest

In a surprising move, cryptocurrency exchange Binance has announced its decision to discontinue support for Bitcoin Non-Fungible Tokens (NFTs) less than a year after their introduction to its marketplace. According…

31
Mar
2024
Posted in Altcoin

Binance Welcomes Ethena (ENA) as the 50th Launchpool Addition

Binance, renowned as the leading cryptocurrency exchange in terms of trading volume, has introduced Ethena (ENA), a synthetic dollar protocol, as its 50th Launchpool project. This latest addition offers users…

19
Mar
2024
Posted in BSC

Changpeng Zhao Unveils Post-Binance Venture Amidst Legal Woes: A Look into CZ’s Next Move

On Monday, Changpeng Zhao, the ex-CEO of cryptocurrency exchange Binance, revealed details of a new venture.  Zhao posted on the social networking site X that the initiative will be instructional…

19
Mar
2024
Posted in BSC

Binance Surpasses $100 Billion in User Assets

The amount of assets that popular cryptocurrency exchange Binance holds for its members exceeds $100 billion.  With the use of its proof-of-reserves (POR) mechanism, which verifies the holding of 31…

16
Mar
2024
Posted in Altcoin

Binance Integrates Solana into Web3 Wallet as Solana’s DEX Activity Surges

The Solana network has been integrated into Binance’s Web3 Wallet, the company has announced.  According to a recent press release from the exchange, Binance hopes to integrate the Solana network…

15
Mar
2024
Posted in BSC

BNB Chain Unveils Rollup-as-a-Service Solution to Enhance Layer 2 Ecosystem

Rollup as a Service is a new offering from BNB Chain that aims to grow its Layer 2 ecosystem. A rollup-as-a-service (RaaS) solution from BNB Chain has been introduced to…

09
Mar
2024
Posted in Altcoin BSC

Seven firms, including Ethena and Derivio, are selected by Binance Labs during its sixth incubation season

Seven firms have received investments from Binance Labs, the $10 billion venture capital and incubation division of the cryptocurrency exchange Binance, during the program’s sixth season. The seven startups are:…