Tag: Binance
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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:…
Binance.US Fired 2/3 of Employees, Revenue Plummeting 75% Following SEC Lawsuit
Following the SEC’s action, Binance.US experienced 200 layoffs, a 75% decline in sales, and a $1 billion asset exodus. The exchange’s activities were impacted heavily by lost banking relationships, auditor…
Binance Suspends Services in Nigeria
The cryptocurrency exchange Binance declared that it will no longer offer any NGN-related services. The company announced today that all leftover NGN balances in Binance users’ accounts will be immediately…
Blum- Hybrid exchange launched by former Binance employees
In its first 48 hours of existence, Blum, a cryptocurrency trading programme that combines CEX and DEX facilities for a novel trading experience, attracted over 50,000 signups. The business intends…
Binance Unveils Toncoin Perpetual Contract Amid Rising Market Enthusiasm
In an ambitious move, Binance Futures, the futures platform of the renowned cryptocurrency exchange Binance, is set to introduce perpetual contracts featuring Toncoin (TON). The announcement, posted on March 1,…