Binance.US wins court approval to invest $40 million of customer funds in US Treasury Bills under strict conditions

1 min read

Binance.US has received judicial clearance to allocate customer fiat cash for investment in US Treasury bills. The court ruling grants permission for the exchange to allocate about $40 million for investment purposes. This will be done by investing $10 million on a weekly basis over a period of four weeks using a TreasuryDirect account. The funds, presently located at BitGo, need to be transferred to an autonomous third-party custodian in

Binance is nearing a deal with Megazone to cut its stake in Gopax

1 min read

Binance, the world’s largest crypto exchange, is reportedly in talks with South Korean cloud service provider Megazone to sell its ownership stake in Gopax. This move is part of Binance’s strategy to improve its governance structure in response to local financial authorities’ regulatory requirements. The exchange, acquired in early 2023, had a 72.6% ownership stake at the time of acquisition. Binance plans to reduce this stake to around 10%. The

Binance to Delist Several Spot Trading Pairs on July 5th, 2024

1 min read

Binance, the leading global cryptocurrency exchange, announced today the upcoming delisting of several spot trading pairs. The move, effective on July 5th, 2024 at 3:00 UTC, aims to maintain a high-quality trading market for its users. The tokens affected by the delisting include: Binance assures users that the delisting only affects the specific trading pairs mentioned. The underlying tokens (AI, BTC, CHR, ETH, GAS, LQTY) will still be available for

Nigerian Blockchain Committee urges balanced resolution to Binance dispute

1 min read

The protracted legal dispute between Nigerian authorities and the cryptocurrency exchange Binance is having a substantial influence on Nigeria’s blockchain business. The Blockchain Industry Coordinating Committee of Nigeria (BICCoN) has raised concerns regarding the adverse consequences of this dispute and called for a fair and equitable resolution. The BICCoN consortium, consisting of prominent entities such as Blockchain Nigeria User Group (BNUG), Cryptography Development Initiative of Nigeria (CDIN), and Stakeholders in

Binance faces a $2.2M fine in India for anti-money laundering violations

2 mins read

Binance has been fined $2.2 million by the Indian Financial Intelligence Unit (FIU) for failing to comply with anti-money laundering requirements as outlined in the Prevention of Money Laundering Act (PMLA) of 2002. Binance is currently fighting a $4.4 million penalty imposed on them in Canada. The decision was made after conducting a thorough examination of Binance’s activities and in response to the FIU’s directive to enhance its compliance measures.

Binance CEO says Bitcoin will soar past $80,000 before the year’s end

1 min read

Binance CEO Richard Teng has recently made forecasts on the crypto market, forecasting that the value of Bitcoin will surpass $80,000 by the end of this year. He has the belief that 2025 will surpass 2024 as a more favorable year for Bitcoin and other digital assets, primarily due to the enhancement of macroeconomic circumstances. Teng is of the opinion that the endorsement of Bitcoin’s exchange-traded funds (ETF) earlier this

Binance Exchange Announces New ZK Token Distribution to Soothe Community Concerns

1 min read

Binance exchange has initiated a novel ZKSync token distribution program in response to community complaints. The initiative is scheduled to operate from June 17, 2024, until July 16, 2024. The exchange aims to issue a total of 10.5 million ZK tokens, potentially benefiting a maximum of 52,500 individuals. In order to qualify, individuals must have successfully conducted a minimum of 50 transactions on the ZKSync Era network within the period

MoonBag Coins Making Headline against BitBot and Binance in an All-Out Crypto War

5 mins read

Have you considered investing in cryptocurrency but are confused? Do you think meme coins are your chance for a stable financial future? The cryptocurrency world is full of risks and excitement, and many investors have made millions, while some have disappeared entirely.  BitBot entices its users with lightning-fast speed and cheaper transactions but remains limited due to instability to maintain its investor interest. Similarly, Binance introduced a new method, bringing

BlockDAG Nears $50M In Historical Presale Leap;  Steals Spotlight From Binance Coin & Hedera Price Fluctuations 

4 mins read

In the rapidly shifting terrain of cryptocurrency, standout performers like Binance Coin and Hedera have made notable strides. Binance Coin recently hit a new all-time high, driven by Bitcoin’s ascent, while Hedera focuses on robust cybersecurity and development activity. However, BlockDAG has captured unprecedented attention with its cutting-edge advancements and strategic marketing efforts, showcased through its successful Keynote 2 and remarkable presale performance. These developments position BlockDAG as a compelling

BNB Chain Introduces Greenfield Updates; Enhances Developer Experience With MindPress Integration

3 mins read

Dubai, UAE, June 10th, 2024 BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, has announced the latest enhancements to BNB Greenfield, featuring updates from V1.6 and V1.7. These updates, alongside the introduction of the MindPress Data Marketplace, offer a platform for developers and projects looking to construct content marketplaces within the BNB Chain ecosystem and make it easier and more enjoyable for users to engage with

Market Ignores Binance And Avalanche; Swarms To The Next Big Thing In Town – The Qubetics Whitelist

5 mins read

Imagine stumbling upon a crypto opportunity that stands out from the rest—an opportunity that makes you think twice before skipping. Imagine you invest in this prospect and now think this becomes the next Bitcoin! If you think you are imagining a lot, don’t worry. This was the reality for a lot of early Bitcoin investors. So why can’t it be you the next time? The crypto market has the potential

The Qubetics Whitelist Comes Out as the Clear Winner; Throws Shade at Binance and Polkadot

5 mins read

Do you know what rich people have in common? They aren’t scared to take calculated risks. They understand that to multiply their wealth, they must put it to work. Instead of letting their extra cash sit idle in savings accounts, they invest in prospects that have the potential to yield much higher returns. And what better option than investing in cryptocurrency? Over the years, cryptos have gained massive popularity. And