Binance

Binance launches $10M traders league

October 9, 2024 1 min read

Binance has unveiled the Binance Traders League, an exciting new trading competition featuring a staggering prize pool exceeding $10 million. This event is designed to engage traders of all skill levels, allowing retail participants to join by achieving a minimum trading volume of $500. The Traders League aims to enhance the trading experience through a variety of challenges that cater to individual preferences. It includes both team contests, which foster

Binance held a cybersecurity seminar for Mexican law enforcement

October 9, 2024 1 min read

In a significant move to bolster cybersecurity and combat financial crime, Binance recently hosted a training seminar in Mexico City for around 35 law enforcement officials from various agencies. The seminar, which focused on the intersection of virtual assets and crime, is part of Binance’s broader initiative to collaborate with law enforcement globally. Felipe de Jesús Gallo Gutiérrez, head of Mexico’s Criminal Investigation Agency, underscored the necessity for public servants

Binance is expanding its compliance team and emphasizing crypto education

October 1, 2024 1 min read

Binance, one of the leading crypto exchanges, is intensifying its compliance initiatives, reflecting a broader commitment to regulatory adherence in the evolving crypto landscape. Currently, the company has allocated between 500 to 600 employees to regulatory tasks, with plans to increase this number to 700–800 by the end of the year. This move comes in the wake of founder Changpeng Zhao (CZ) stepping back from daily operations due to a

Spot Ethereum ETFs Break The Mold: PENDLE, Catizen, And ETFSwap Set To Surge 1000%

September 25, 2024 4 mins read

Spot Ethereum ETFs are creating new pathways for investment, attracting attention from traders and analysts. As these ETFs gain momentum, three tokens, Pendle (PENDLE), Catizen (CATI), and ETFSwap (ETFS), stand out as top picks. These three tokens present opportunities for anyone who wants to benefit from crypto, especially with predictions of a 1000% rise. ETFSwap (ETFS): The Best Bet For 1,000% Returns As Spot Ethereum ETFs Pave The Way As

CryptoQuant CEO Ki Young Ju defends Binance founder Changpeng Zhao

September 23, 2024 1 min read

Ki Young Ju, CEO of CryptoQuant, has articulated robust support for Binance founder Changpeng Zhao (CZ) as his impending release from detention nears. Zhao is undergoing a four-month incarceration following a guilty plea for infractions of the US Bank Secrecy Act (BSA) in November 2023. His acknowledgment entailed neglecting to avert money laundering on Binance, culminating in a $4.3 billion sanction for Binance and a $50 million penalty for Zhao.

Binance denies any ownership or operational control over WazirX during hack

September 17, 2024 1 min read

Binance has denied accountability for the $235,000 loss resulting from a cyberattack on WazirX in July 2024. The corporation, overseen by the Indian entity Zanmai, has dissociated itself from the platform’s operational and financial challenges. The assault focused on a multisignature wallet containing user assets, comprising five signatories from the WazirX team and one from Liminal, a third-party custody service provider. Binance asserted that it did not participate in the

Binance alerts users to the rising threat of Clipper malware

September 16, 2024 1 min read

Binance has issued a worldwide alert over an escalating threat to cryptocurrency users, especially those using Android devices, posed by “Clipper malware.” This malware captures wallet addresses during transactions and diverts cash to accounts managed by hackers. Since August 27, 2024, the exchange has experienced a notable rise in instances related to Clipper malware, primarily affecting Android users. iOS users are vulnerable, as Clipper malware can disseminate via unapproved applications

Binance secures regulatory approval in Kazakhstan

September 8, 2024 1 min read

Binance, the world’s largest cryptocurrency exchange by trading volume, has received approval to operate in Kazakhstan, marking a huge regulatory success for the exchange. The Astana Financial Services Authority’s (AFSA) license enables Binance Kazakhstan to become the country’s first fully regulated Digital Asset Trading Facility (DATF). Binance Kazakhstan will be able to run a virtual asset trading platform, engage in major investing operations, and provide digital asset custody services once

Richard Teng says Changpeng Zhao is banned from holding any leadership role at Binance

September 6, 2024 1 min read

Changpeng Zhao, the originator and former Chief Executive Officer of Binance, has received a permanent suspension from the firm as a result of legal infractions. Zhao has been accused by the US Department of Justice of breaching U.S. security laws, notably by failing to uphold an efficient anti-money laundering (AML) program. Binance incurred more than $4 billion in legal liabilities. Zhao resigned as CEO in November 2023, and Richard Teng

Binance CEO Richard Teng calls for the immediate release of executive Tigran Gambaryan

September 4, 2024 1 min read

The conflict between Binance and Nigerian authorities has intensified as Tigran Gambaryan, an incarcerated executive, continues to deteriorate. The worsening of his illness following his contraction of malaria in May has sparked concerns, as there are allegations that officials have denied him adequate medical treatment. An unsettling video has surfaced depicting Gambaryan’s arduous attempt to walk on crutches as a result of spinal complications. Binance CEO Richard Teng expressed disapproval

Blockchain Life 2024 in Dubai: Top Companies and Key Industry Figures Gather in the World Crypto Capital

September 3, 2024 1 min read

On October 22-23, Dubai will host the 13th international forum Blockchain Life 2024 – one of the largest global events in the field of web3, cryptocurrencies, and mining. The forum will feature over 10,000 leading experts, crypto entrepreneurs, and enthusiasts from 120 countries. Participants and speakers will discuss earning strategies, current issues of crypto market development and new trends ahead of the bull cycle. Among the speakers at the forum:

Binance faces allegations of seizing Palestinian crypto assets at Israel’s request

August 28, 2024 1 min read

Binance crypto exchange is being accused of confiscating Palestinian bitcoin holdings upon the Israeli government’s request. Ray Youssef, one of the founders of the peer-to-peer crypto platform Paxful and CEO of the Noones peer-to-peer platform, claims that Binance confiscated all assets belonging to Palestinians and declined to give them back, despite multiple requests. He cautions that this may result in more extensive confiscation of assets throughout the area, underscoring the