Binance

Nigeria sues Binance for $81.5 billion

February 20, 2025 1 min read

Nigeria has filed an $81.5 billion lawsuit against Binance. The lawsuit accuses the crypto exchange of tax evasion, money laundering, and violating foreign exchange laws. It includes $2 billion in back taxes and additional penalties. Binance has not yet responded to these allegations. However, reports suggest that the company plans to contest the lawsuit. This legal battle is not new for Nigeria and Binance. In 2024, Nigeria accused Binance of

Former Binance CEO CZ believes crypto wallets should be used for daily transactions

February 20, 2025 2 mins read

Former Binance CEO CZ believes that crypto wallets should be the main tool for daily transactions, while exchanges should cater to professional traders. He shared this opinion during a discussion with Trust Wallet CEO Eowyn Chen. CZ emphasized that wallets are evolving beyond just storage options. Even though CZ is no longer at the helm of Binance, he is still active in the crypto space through YZI Labs and the

As a shareholder, “Binance is not for sale,” CZ

February 18, 2025 1 min read

The former CEO of Binance, now leading YZi Labs, addressed rumors about the exchange being for sale. He attributed these rumors to fear, uncertainty, and doubt (FUD) from a competitor in Asia. On February 17, he stated on X that as a shareholder, Binance is not for sale. Yi He, Binance’s co-founder, echoed these sentiments. She dismissed the claims as originating from a rival. Yi mentioned that Binance regularly receives

Judge pauses legal dispute between Binance and SEC until April

February 14, 2025 1 min read

A judge in Washington D.C. has paused the legal battle between Binance and the U.S. Securities and Exchange Commission (SEC) for 60 days. Judge Amy Berman Jackson ordered this stay and requested both parties to submit a joint status report by April 14. The pause was requested by Binance and the SEC in a court filing. They cited the SEC’s new crypto task force, which aims to create clear rules

MAGACOINOFFICIAL.COM vs. XRP and SOLANA—Which Will Come Out on Top?

February 11, 2025 3 mins read

Introduction Bitcoin (BTC) has long been the yardstick of success in the crypto market, but the evolving landscape highlights opportunities for newer players. XRP and Solana (SOL), with their impressive ecosystems, are still favorites among seasoned investors. Now, OFFICIALMAGACOIN emerges as the next big thing, gaining momentum and attracting attention from crypto holders of all stripes. With its rapidly growing presale success and exclusivity, the question is clear: Will OFFICIALMAGACOIN

Binance Research reports 47 active crypto ETF filings and a record surge in meme coin launches

February 8, 2025 1 min read

Binance Research has shared insights about the current state of the crypto market. There are 47 active crypto ETF filings in the US, indicating growing interest in this investment vehicle. At the same time, there has been a notable increase in meme coin launches, contributing to a surge in the number of tokens. Currently, there are over 37 million tokens in circulation, with many based on the Solana blockchain. In

Top Meme Coins to Invest: Rumoured BTFD Coin Binance Listing Raising Eyebrows After Witnessing Dogecoin, Floki Inu Success Post Binance Entry

January 21, 2025 6 mins read

The cryptocurrency world has become more than just a market—it’s a culture. With each passing year, digital coins have evolved from niche tech projects to economic powerhouses, reshaping how we think about money and investments. Meme coins, once considered jokes, have managed to carve out their own vibrant corner in this space, gaining traction not just for laughs but for actual profits. Take Dogecoin and Floki Inu, for example. What

Bhutan to adopt Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) as reserves

January 9, 2025 1 min read

The idea of digital asset strategic reserves is becoming popular. Vancouver’s Mayor has proposed making the city Bitcoin-friendly to protect reserves. Meanwhile, the Satoshi Action Fund plans to introduce up to 20 bills for Strategic Bitcoin Reserves across various US states. With the upcoming Trump election and expectations of a crypto bull run, many countries are starting to see the benefits of digital assets for reserve preservation. El Salvador was

India intensifies crypto scam crackdown by teaming up with Google and Meta

January 5, 2025 1 min read

India is ramping up its fight against crypto-related scams, particularly the rising “pig butchering” frauds, through a partnership with tech giants Google and Meta, as outlined in the Ministry of Home Affairs’ 2024 annual report. These scams, which have reportedly cost investors over $3.6 billion in 2024, primarily target vulnerable populations, including unemployed youth and financially struggling individuals, by promising high returns on crypto investments. Scammers typically use social media

Binance secures its 21st global license in Brazil

January 3, 2025 1 min read

Binance has recently achieved a significant milestone by obtaining its 21st global regulatory license from the Central Bank of Brazil, following its acquisition of licensed broker-dealer Sim;paul. This license enables Binance to enhance its services while adhering to Brazil’s evolving financial regulations, marking a strategic expansion into one of Latin America’s largest economies. Sim;paul’s existing licenses for securities distribution and electronic money issuance provide Binance with a competitive edge in

Binance’s stablecoin reserves hits $31 billion

December 31, 2024 1 min read

Binance, the largest cryptocurrency exchange in the world, has seen a significant rise in its stablecoin reserves, which are now $31 billion, up from $7 billion in June 2023. This almost five times increase shows more money available and greater trust from investors in the digital asset market. Stablecoins like USDT and USDC are important for keeping liquidity and stability, especially when the market is volatile. Recent data from Cryptoquant

Optimism (OP) surges after Binance announced upgrade and hard fork support

December 29, 2024 1 min read

The native token of the Optimism layer-2 blockchain network has seen a rise in value due to good news in the community. Binance, the biggest cryptocurrency exchange in the world by trading volume, announced its support for Optimism’s network upgrade and hard fork set for January 9, 2025, at 18:00 UTC. This announcement was a key reason for the increase. Binance announced that it will pause deposits and withdrawals of