binance

Wazirx Follows in Binance’s Footsteps Unlisting USDC, USDP and TUSD

On September 19, WazirX, one of India’s leading cryptocurrency exchanges, announced the delisting of Circle’s USDC, Paxos’ USDP, and TrueUSD (TUSD) stablecoins, effective September 26, following in Binance’s footsteps. According to the statement, USDC, USDP, and TUSD deposits have already been suspended. In addition, users will have to withdraw their funds by October 05, or...
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Dubai 5-Star Hotel and Ukrainian Superstore Chain Embrace Crypto Payments

Five-star hotel Palazzo Versace Dubai has started accepting cryptocurrencies as payment for stay, dining, and spa services. Guests can use BTC, ETH, and BNB to pay their bills, which will be processed through the Binance payment gateway. Palazzo Versace to Accept Crypto Payment   The 146-room ultra-luxury property ln Jaddaf Waterfront will also accept crypto payments...
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Binance CEO Believes Biden’s Crypto Regulatory Framework Is Good News

The Biden administration issued its first-ever paper on cryptocurrencies and how the asset class should be regulated within the nation on Friday. While some believe the guidelines require more clarity, Binance’s CEO asserted that the framework is a significant recognition of itself, and his company aims to work with global watchdogs. After issuing a few...
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Traders Flock to Binance as New Taxes Send Indian Exchanges Out of Business: Report

A Bloomberg report on Wednesday claimed that Binance app downloads in India jumped to 429,000 in August, the highest this year. This comes just months after the country implemented stringent taxation on local exchanges. Binance’s India Gains Binance is the only one among the major exchanges whose app downloads had seen an increase in August...
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Developing South Korea’s blockchain infrastructure: Why Binance, FTX and Huobi are frontrunners in partnering with Busan City

Within the span of two weeks, three major crypto exchanges – Binance, FTX and Huobi – have signed separate MoUs with the Busan City Government to drive the development of South Korea’s blockchain infrastructure.   With the country constantly at the forefront of the global crypto space, the announcements of the various partnerships mark a...
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Coinberry’s Software Blunder Costs $3M in Bitcoin: Report

The Toronto-based crypto exchange Coinberry has reportedly lost around $3 million in Bitcoin due to a software glitch in 2020. It was during a software upgrade that erroneously enabled users to purchase BTC with Canadian dollars that had yet to be properly transferred to their accounts. That loss of about 120 Bitcoins was not known...
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Binance US Launches a 6% APY Ethereum Staking Service

On September 7th, Binance.US announced the launch of an Ethereum Staking service, offering its users an initial annual percentage yield (APY) of 6%. According to the Binance.US blog post, this new feature will allow users to start staking ETH using a minimum of 0.001 ETH (approximately $1.62). An amount much more accessible than the 32...
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Circle CEO Thinks Binance’s USDC Exit is a Good Thing

Jeremy Allaire – CEO and co-founder of Circle – isn’t sweating over Binance’s latest decision to stop supporting trades for USD Coin (USDC).  In a thread on Tuesday, Allaire broke down why he thinks the development is not only good for Binance but ultimately a boon to USDC utility and adoption. Binance Converges Around BUSD...
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Binance, Nigeria in Early Stage Talks to Develop Crypto-Focused Digital Hub

Nigerian authorities are in talks to develop a digital economic zone focused on crypto and blockchain-related businesses in partnership with Binance. The Nigeria Export Processing Zones Authority, in its latest blog post, revealed that the proposed digital hub will be similar to Dubai’s virtual free zone. As such, the crypto exchange is holding talks preliminary...
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Binance Uncovers Two Suspects Tied to KyberSwap $265K Hack

Leading cryptocurrency exchange Binance has identified two suspects who may be responsible for the theft of $265,000 from decentralized exchange (DEX) protocol KyberSwap in an exploit earlier this week.  Binance CEO Changpeng Zhao (CZ) disclosed the findings on Twitter today, noting that the company has shared the intel with KyberSwap and the appropriate law enforcement...
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Binance is Not a Chinese Company, Declares CEO

Binance CEO Changpeng Zhao (CZ) recently released a statement on Binance blog to demystify the company’s relationship with China.  He asserted that Binance is not a Chinese company, and that conspiracy theories of a Chinese employee secretly running the business are untrue.  CZ’s History With China In the statement published on Thursday, CZ began by...
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FTX Forges Partnership With Busan to Develop Crypto Exchange

The implosion of the South Korean stablecoin project Terra may have dented general sentiment towards the industry, but that has not stopped the second-largest city in the country from pursuing ambitious crypto and blockchain goals. Busan has announced a partnership with FTX to build blockchain-powered business solutions in the coming months. As part of the...
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Binance, Virtuzone Sign Strategic Partnership to Focus on Advancing Web 3 in UAE

Leading providers of corporate and business formation services in UAE, Virtuzone has partnered with Binance to accept cryptocurrency payments via Binance Pay. As per the official press release, Virtuzone aims to bring barriers to entrepreneurship by facilitating cryptocurrency payments for company setup. Creating more opportunities for global businesses in a bid to tap into UAE’s...
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How Binance Will Address a Potential Ethereum Fork During the Merge

Binance – the world’s largest crypto exchange – has released a statement explaining how it will ensure a smooth transition to a proof of stake (POS) Ethereum next month. In particular, it covered how it will compensate users in the event of an Ethereum fork, during which two different blockchains and versions of ETH could...
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Binance US Wins Money Transmitter License in Nevada

Binance’s US subsidiary announced receiving its Money Transmitter License from the Nevada Department of Business and Industry, Financial Institutions Division. The latest move is part of the company’s plans to offer its fully regulated services in all of America’s 50 states and territories. Speaking about the license approval, Brian Shroder, Chief Executive Officer of Binance...
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Binance Gets In-Principal Approval to Operate in Kazakhstan

The world’s largest crypto exchange has tapped another regulatory nod, this time from the Astana Financial Services Authority (AFSA). The former Soviet Union state has been an important country for the crypto industry, being a hub for miners for years. The announcement from the company informed that the license from Kazahstan’s watchdog will allow it...
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Binance’s User Count Growing Due to Inflation, Says the Company’s Latin America Head

Maximiliano Hinz – top executive of Binance Latin America – argued that the spiking inflation is the main reason why the largest cryptocurrency exchange has amassed more clients in recent months. Another factor is the historically strong dollar, which has weakened other fiat currencies from emerging markets. Over the past few years, numerous experts and...
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Binance Recovers 83% of Stolen Funds in Curve Finance DNS Attack

Leading cryptocurrency exchange Binance has helped recover crypto assets worth about $450,000 stolen from Curve Finance users. The funds represent about 83% of the total amount stolen from users.  Binance CEO Changpeng Zhao shared the update on Twitter today, noting that the Curve Finance hacker sent the assets to Binance using different techniques to bypass...
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Ankr Receives a Strategic Investment from Binance Labs

Ankr is a well-known Web3 infrastructure provider. In a nutshell, the protocol works in the background, but it makes using decentralized applications, wallets, as well as crypto-based games possible by connecting them to the blockchains that they need to communicate with. Known for its continuous support for the BNB Chain by introducing BNB Liquid Staking,...
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Binance and WazirX Promise to Cooperate With ED on Ownership and ‘Shady’ Transactions  

After the unanticipated public spat between Binance CEO Changpeng Zhao (CZ) and WazirX CEO Nischal Shetty on Saturday over the ownership of WazirX, most Indian business news platforms prominently provided a follow-up on the issue on Monday. Money Control carried an article based on an interview with Shetty in which he said legal documents are in...
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Binance CEO Clears the Air on Involvement With Frozen Exchange WazirX

Binance CEO Changpeng Zhao (CZ) has provided clarifying details on its relationship with WazirX – the crypto exchange whose assets were recently frozen by Indian regulators.  While Binance was indeed partnered with the firm, CZ said it held no equity in WazirX’s operator Zanmai Labs.  What’s the Deal Between Binance and WazirX? In a Twitter...
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Binance And Mastercard Launch Crypto Prepaid Card in Argentina

On August 4, Binance announced its partnership with Mastercard, a multinational financial services company known for its lineup of credit cards, to launch a prepaid cryptocurrency card in Argentina. As per an official statement, Argentina has become the first Latin American country to have a Binance prepaid card, which is expected to be “widely available...
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Binance US Delists Amp Token (AMP) After the SEC Security Claims

The American subsidiary of the world’s leading cryptocurrency exchange – Binance US – disclosed it will no longer support the Amp token (AMP) on its platform. The decision comes as a result of the US Securities and Exchange Commission’s recent insider-trading case, which identified the asset as a security. The financial regulator named nine tokens...
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Binance Unveils First-Ever Soulbound Token on BNB Chain

The world’s largest crypto exchange – Binance – has announced that it is all set to issue Binance Account Bound (BAB), the first-ever Soulbound Token (SBT) built on the BNB Smart Chain. BAB will be introduced as a pilot project initially and will only be accessible through the Binance mobile app. It will be an...
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Dutch Central Bank Penalizes Binance With $3.35M (Report)

The Dutch central bank (DNB) has revealed imposing the world’s largest cryptocurrency exchange – Binance – an administrative fine of 3.3 million euros ($3.35 million) for offering services in the Netherlands without proper registration. DNB Fines Binance According to the report by Reuters, the fine was imposed in April 2022. Prior to this, the central...
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Binance Burns Another $444M Worth of BNB

Cryptocurrency exchange Binance has announced completing the 20th quarterly burn of its native token, BNB. According to the official blog post, nearly 1.96M BNB (around $444.6 million) was burned in the process, marking its third quarterly burn through the relatively new “auto-burn” feature. The previous BNB burns reflected the tokens’ usage and revenue generated in...
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Binance Receives Approval to Launch a Virtual Asset Services Provider in Spain

The world’s largest cryptocurrency exchange – Binance – doubled down on its European expansion plans. The company’s subsidiary – Moon Tech Spain – received a regulatory nod to register as a Virtual Asset Services Provider (VASP) in the Iberian country. Binance to Strengthen its Presence in Spain According to a document shared with CryptoPotato, the...
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Binance Reenables Transactions on Brazilian Payment System Pix

Binance has already resumed deposits, but withdrawals remain suspended. Nevertheless, the exchange assured that all services will be active “shortly.” Notably, Binance suspended withdrawals and deposits of Brazilian reals on June 17. At the time, the company had broken away from its two-year collaboration with Capitual, a local payment gateway. Until then, Capitual was tasked...
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Binance Partners With Cambodian Regulators to Develop a Local Regulatory Framework

The world’s largest cryptocurrency platform – Binance – struck a deal with the Securities and Exchange Regulator of Cambodia (SERC). The collaboration will aim to impose comprehensive rules on the domestic digital asset sector and support the endeavors of crypto firms. On another note, Binance teamed up with the TikTok celebrity Khaby Lame. The 22-year-old...
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Crypto Platform Unizen to Expand its Operations After Raising $200 Million

The Liechtenstein-based cryptocurrency exchange – Unizen – secured a $200 million funding to accelerate its development in numerous fields. The fundraiser was led by the investment management giant Global Emerging Markets (GEM). Unizen is Looking Towards a Rapid Expansion In a recent announcement, the trading venue vowed to employ the multi-million financing to expand the...
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