Tag: Binance
Magic Square Empowers Web3 Ecosystem with TruePNL Acquisition
In a strategic move marking the evolution of the web3 ecosystem, Magic Square, the web3 app store backed by prominent investors including Binance Labs, has successfully acquired TruePNL, a renowned…
Binance Labs Unveils Pioneering Ventures in Latest Incubation Round
In a strategic move to champion innovation, Binance Labs has officially disclosed its financial backing for three groundbreaking projects—Ethena Labs, NFPromt, and Shogun—as part of its ongoing sixth-season incubation program….
Binance Faces Legal Confrontation as Uzbekistan Imposes Fine for Unlicensed Operations
In a recent regulatory move, Uzbekistan has levied a substantial fine of 102 million soms (approximately $8,200) on international crypto exchange Binance for operating within its borders without the necessary…
Binance Delisting Sends Shockwaves Through Cryptocurrency Market
Binance’s recent announcement to delist four tokens—Aragon (ANT), Multichain (MULTI), Vai (VAI), and Monero (XMR)—has triggered a significant market reaction. The exchange’s decision, citing a need to uphold industry standards…
$4.2M worth of XRP that was stolen from Chris Larsen’s accounts frozen by Binance
Binance has frozen about $4.2 million worth of pilfered XRP in an attempt to assist Ripple in getting their money back. In an official post on X, Binance CEO Richard…
Regulatory Headwinds for Binance US: Challenges in Florida and Alaska
In a significant regulatory setback, Binance.US, a leading cryptocurrency exchange platform, is grappling with intensified scrutiny in Florida and Alaska, leading to the suspension of its operations in both states….
Binance Futures Expands Trading Options with 75x Leverage on USDC-Margined DOGE Perpetual Contract
Binance Futures is set to launch the USDC-margined DOGE Perpetual Contract on January 18, 2024, ushering in a new era of enhanced trading options for cryptocurrency enthusiasts. The offering introduces…
Binance Expands Footprint in Thailand with Binance TH: A Joint Venture with Gulf Innova
In a strategic collaboration with Gulf Innova, a subsidiary of Gulf Energy Development, Binance has introduced its joint venture crypto exchange, Binance Thailand (Binance TH). The platform facilitates digital asset…
Binance Introduces Reserve Proof System Amidst FTX Bankruptcy, Upholding Trust in Crypto Exchanges
In the wake of FTX’s abrupt bankruptcy, Binance, the world’s leading cryptocurrency exchange, has proactively unveiled a reserve-proof system to reinforce trust in Bitcoin exchanges. This strategic move aligns with…
Binance Enhances Token Transparency with Monitoring Tags on 10 Cryptocurrencies
In a strategic move to enhance transparency and provide users with a more comprehensive understanding of listed tokens, Binance, one of the world’s leading cryptocurrency exchanges, is set to introduce…
Court Approval for FTX to Sell $744 Million in Grayscale Trust Assets Granted
According to a bankruptcy court filing filed on Friday, bankrupt cryptocurrency exchange FTX just gained consent from a bankruptcy court to sell its shares in digital trusts administered by Grayscale…
Binance agrees to a $4.3B settlement in the US. Changpeng Zhao “CZ” steps down as CEO.
As part of a $4.3 billion deal with the government, Binance’s founder and CEO, Changpeng “CZ” Zhao, agreed to resign after the company was charged with criminal charges in the…
Binance Announces a Large-Scale Delisting of Stablecoins as Lawyers Attempt to Decipher EU’s MiCA
The cryptocurrency world is buzzing with excitement and uncertainty as the European Union’s Market in Crypto Assets (MiCA) regulations draw near. The new rules are poised to come into effect…
Binance de-lists eight spot trading pairs from its platform
The world’s biggest crypto exchange was in the news recently after it delisted several spot trading pairs starting September 8. The popular exchange took the decision after assessing the spot…
Binance Announces its Decision to Remove Support for Polygon NFTs from its NFT Marketplace
The recent announcement made by one of the leading cryptocurrency exchange platforms, Binance, has sent shockwaves across the non-fungible token (NFT) community. The company announced this Friday that it will…
Binance Pool Announced the Launch of its New Tool, Ordinal Inscription Service
The cryptocurrency industry has been the centre of innovation, bringing forth novel and unique ideas to the market. Binance Pool, one of the prominent crypto mining arms of Binance, has…
Binance Launches Its New Platform to Transfer Cryptocurrencies, Send Cash, Tapping the Latin America Market
The cryptocurrency market is the hubspot for innovation and technological advancement. Most cryptocurrency projects offer a novel solution to their users aiming to address and resolve their problems. One such…
Binance Limits Fiat Withdrawals in Europe Due to Issues Related to SEPA Transfer
The cryptocurrency news is flooded with Binance’s decision to limit fiat withdrawals in Europe. Binance, one of the giant cryptocurrency exchange platforms, has recently made it to the headlines with…
Binance Labs to invest $5 million to buy Curve DAO tokens
In a fresh development, crypto exchange Binance’s venture capital and incubator arm Binance Labs will be investing $5 million in Curve DAO (CRV) tokens. The move will see Curve Finance…
Binance to now offer Bitcoin, digital asset services in El Salvador
Amidst the uncertainty over its legal battle with the US Securities and Exchange Commission (SEC), Binance caught a break after it secured two licenses that would allow it to offer…