Binance

Binance donates $3M to Valencia for flood relief

November 5, 2024 1 min read

Binance Charity, the charitable division of the well-known crypto company Binance, has stepped up to donate $3 million to the Spanish Red Cross in response to the severe flooding that has affected the Valencia region. This generous contribution is aimed at supporting urgent relief efforts in the area. The funds from Binance Charity will directly assist the Red Cross in providing essential emergency services to those in need. Known for

Binance accused of charging a high amount of fees for listings

November 4, 2024 1 min read

Recently, the CEO of Moonrock Capital stirred up a conversation on Twitter by accusing Binance of imposing hefty fees for project listings. This sparked a lively debate among key figures in the cryptocurrency community, who shared a range of perspectives on the implications for decentralized projects on centralized platforms like Binance and Coinbase. In response to these claims, Yi He, Binance’s co-founder and chief customer service officer, took to her

MOODENG rises 128% after Binance announces USD-Margined perpetual contract listing

October 26, 2024 1 min read

Moo Deng (MOODENG), a meme coin on the Solana blockchain, is making waves in the cryptocurrency scene, with its price skyrocketing by 128.4% in just 24 hours, currently sitting at approximately $0.1649. This surge is accompanied by a remarkable 293% increase in trading volume, largely fueled by Binance’s recent announcement of a USD-Margined perpetual contract for the token, which went live on October 25. The new MOODENGUSDT perpetual contract on

US attorneys ask President Biden to intervene in the detention of Binance executive by Nigerian authorities

October 22, 2024 1 min read

A group of 18 U.S. state attorneys general is urging President Joe Biden to intervene in the case of Tigran Gambaryan, a Binance executive who has been detained in Nigeria for over seven months. Gambaryan, a U.S. citizen, was arrested in February while addressing regulatory matters related to the cryptocurrency exchange. His colleague managed to leave Nigeria, but Gambaryan faces serious charges, including money laundering and tax evasion, which the

US regulators just shut down a bank in Oklahoma

October 21, 2024 1 min read

In a significant move, financial regulators have closed the First National Bank of Lindsay in Oklahoma, marking the second bank failure in the U.S. this year. The Office of the Comptroller of the Currency (OCC) took this action after uncovering misleading bank records and signs of fraud that had severely impacted the bank’s financial stability. The OCC determined that the bank was not in a sound condition to operate, revealing

Binance Labs invests in Lombard, a Bitcoin liquid staking platform

October 18, 2024 1 min read

Binance Labs has recently invested in Lombard, a platform specializing in Bitcoin liquid staking, with a strong emphasis on security and enhancing cross-chain DeFi capabilities. While the specific investment amount remains undisclosed, this partnership underscores Binance Labs’ dedication to helping Lombard grow into a multi-chain staking protocol. Lombard’s LBTC token has rapidly gained popularity, capturing 40% of the Bitcoin liquid staking token market. The company aims to build on this

Scroll faces criticism over its Binance token distribution

October 14, 2024 1 min read

Scroll, an Ethereum Layer-2 network, recently found itself in hot water after it distributed its SCR governance tokens via Binance Launchpool. This move sparked frustration among users who felt that Scroll was prioritizing a centralized exchange over its own community. In response to the backlash, co-founder Ye Zhang explained that the decision was part of a larger growth strategy. He acknowledged the criticism but emphasized that the partnership with Binance

Binance executive was denied bail by a Nigerian judge, a family spokesperson said Friday

October 11, 2024 1 min read

Tigran Gambaryan, a Binance executive, has been denied bail by a Nigerian judge, much to the disappointment of his family and the company. Gambaryan, who oversees financial crime compliance at Binance, has been detained for over 220 days, facing serious health issues while imprisoned in Kuje, a facility known for housing dangerous criminals, including members of Boko Haram. His legal troubles began in February, and although he was initially charged

BNB Chain Launchpad GraFun Reports Record-Breaking First Week With $250M Volume

October 11, 2024 3 mins read

GraFun, the memecoin launchpad on BNB Chain, has reported a record-breaking first week. Within the first 24 hours of launch, GraFun served 130M requests from more than 850,000 unique users. Despite the high demand, the platform has continued to operate smoothly and facilitated the launch of thousands of tokens. GraFun aims to support fair memecoin launches on BNB Chain by reducing rug pull risks and providing a secure platform for

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