The most prominent cryptocurrency trading platform just acquired a regulatory license that will allow it to function as a provider of digital asset services in the countries of France, Bahrain, Spain, and Dubai beginning in 2022. Binance, the most significant cryptocurrency exchange in Kazakhstan, has been granted permission to operate by the Astana Financial Services … Read more
Binance United States has said that it will be blacklisting the AMP token “out of an abundance of caution” in light of the possibility that federal regulators will enforce their authority. After the token was mentioned in a legal action brought by the United States Securities and Exchange Commission, or SEC, Binance.US said on Monday … Read more
After recent conversations with the governments of several nations, the CEO of Binance, Changpeng “CZ” Zhao, pointed out the drawbacks of having separate cryptocurrency markets. As Binance continues to expand its operations around the world, the CEO of the global cryptocurrency exchange has been more involved in having policy-related conversations with a variety of nations. … Read more
In 2019, Binance completed the acquisition of WazirX. As part of that process, the assets of WazirX have been blocked as part of an investigation into potential violations of foreign exchange regulations. The ED has placed a freeze on assets with a total value of $8.16 million, which is equivalent to 646.70 million Indian rupees. … Read more
On Friday, Binance announced that its Binance Card now supports three additional alternative cryptocurrencies. Card users now can access their holdings of Avalanche (AVL), Ripple (XRP), and Shiba Inu (SHIB) (AVAX). “Convert and spend cryptocurrencies in over 60 million online and physical stores” is something cardholders can do with the Binance Card. However, to qualify … Read more
The digital currency trading platform Binance has revealed cooperation with the Italian football club, S.S. Lazio, for a non-fungible token ticketing solution. This new feature will let Lazio supporters enjoy new digital tickets using non-fungible tokens in a simple, fair, and more dependable way than traditional methods. Tickets purchased through the NFT can be used … Read more
According to the CEO of Binance, widespread cryptocurrency acceptance is driven by macroeconomic factors. As per Changpeng Zhao, Bitcoin has strong support near or at the $20,000 price level. He believes the crypto market is generally likely to see further adoption catalyzed by the macroeconomic environment. [C]hangpeng [Z]Zhao says Bitcoin seems to have huge backing … Read more
Changpeng “CZ” Zhao, the CEO of Binance, alleges that he was defamed in a piece published by Businessweek’s Chinese language publisher in Hong Kong. According to CZ, the piece caused “distress” and “embarrassment” because of comments he made about running a “ponzi scam.” The CEO of one of the biggest cryptocurrency exchanges in the world … Read more
The dominance of Binance over Coinbase and other exchanges is reaffirmed. Along with continuing to expand, it is currently the exchange with the largest holding of Bitcoins worldwide. As the bear market began, Binance and Coinbase’s fortunes stood in sharp contrast to one another. Through a show of force and ongoing hiring, Binance and its … Read more
The Dutch Central Bank has fined cryptocurrency exchange Binance $3,3 million for operating without authorization. The central bank published a statement stating that the exchange had violated its laws by offering cryptocurrency services in the Netherlands without registering with the bank, which is illegal. A similar kind of warning was also issued against Binance, labeling its products … Read more