Browsing:Binance

Binance Japan has announced the inclusion of 13 new tokens on its platform for Japanese users, scheduled for November 27.
5 months ago 1 min read

Binance Japan lists $HBAR, $NEAR, $ARB, $OP, $GRT, $IMX, $RNDR, $MANA, $EOS, $GALA, $APE, $KLAY, and $LSK

Binance Japan has announced the inclusion of 13 new tokens on its platform for Japanese users, scheduled for November 27. This move will bring the total number of tokens on the exchange to 47, solidifying its position as a major cryptocurrency platform in the country. Among the newly added tokens are well-known protocols like Near Protocol (NEAR), Optimism (OP), and Arbitrum (ARB). The inclusion of these assets enhances the diversity of Binance Japan’s token offerings, catering to the preferences of a wide range of users. The list of added tokens includes $HBAR, $NEAR, $ARB, $OP, $GRT, $IMX, $RNDR, $MANA, $EOS,

Binance and US SEC Collaborate for Mutual Legal Defense Amid Ongoing Lawsuit
5 months ago 1 min read

Binance and US SEC Collaborate for Mutual Legal Defense Amid Ongoing Lawsuit

In the ongoing legal tussle between Binance and the U.S. Securities and Exchange Commission (SEC), both parties have jointly requested a protective order from the court. This move aims to maintain privacy around certain details, following disputes over document sharing and disagreements over the dismissal of the case. The decision to seek a protective order stems from a June 17 agreement intending to keep specific information confidential. The joint request proposes the replacement of any prior orders issued by Judge Jackson with the current protective order. This development comes in the wake of disagreements and challenges in communication between the

Binance-Linked Wallet Reports $27M Crypto Theft, While Q3 Records $699M Losses
5 months ago 1 min read

$27 Million Hacked From Crypto Wallet Connected to Binance

A wallet associated with Binance fell victim to a $27 million cryptocurrency theft. The stolen funds mainly consisted of Tether (USDT) coins, and the incident was first uncovered by cryptocurrency investigator ZachXBT. ZachXBT’s research revealed that the stolen cryptocurrency underwent a series of conversions, including Ethereum (ETH), before ultimately being converted into Bitcoin to obscure the thief’s tracks. The wallet containing the stolen funds had just completed a withdrawal from Binance shortly before the theft occurred. A recent report on Web3 security highlighted the alarming trend of increasing cryptocurrency thefts during the third quarter of 2023, with losses exceeding $699

Binance's Defense Against SEC Lawsuit Dismissed
5 months ago 1 min read

The US SEC Rejects Binance’s Argument in Ongoing Legal Battle

The US Securities and Exchange Commission (SEC) has dismissed Binance’s attempt to end a lawsuit alleging the crypto exchange violated US securities laws. The SEC argues that Binance’s legal arguments are flawed and that the exchange willfully disregarded the law. In June 2023, the SEC filed a lawsuit against Binance and its founder, Changpeng Zhao, or CZ, accusing them of illegally selling investments without proper registration in the US. Binance denied the allegations and filed a motion to dismiss the lawsuit. In a filing dated November 7, the SEC rejected Binance’s defense, arguing that the exchange’s legal arguments were “unsupportable”

Binance Says Goodbye to Russian Ruble Partner
6 months ago 1 min read

Binance Withdraws from Partnership with Russian Ruble

Binance crypto exchange is planning to end its partnership with payment company Advcash, according to a report by the Wall Street Journal. This decision comes on the heels of Binance’s exit from Russia in response to new regulatory changes. The Wall Street Journal suggests that Binance and Advcash’s collaboration may have played a role in facilitating money transfers between Russian banks affected by international sanctions. However, Advcash denies these claims. They state that they ceased using the Russian Ruble for credit card transactions in 2022. Advcash wants to clarify that they are committed to abiding by all laws and regulations.

Binance's UK CEO
6 months ago 1 min read

Binance’s UK CEO Resigns Amid Growing Regulatory Pressure

Binance’s UK CEO, Jonathan Farnell, has stepped down from his position, marking the latest departure in a series of executive exits from the company. Farnell’s departure was noted in UK corporate filings and on his LinkedIn profile, indicating that he resigned from Binance Markets Limited in late September. Earlier in June, he had already relinquished his senior compliance role at Binance Europe. A Binance spokesperson expressed gratitude for Farnell’s contributions and wished him success in his future endeavors. Farnell has not provided a comment on his departure as of now. The news comes at a time when Binance faces escalating

Binance Forges New Partnerships with Euro Banks to Enhance Services
6 months ago 1 min read

Binance Expands Euro Banking Partnerships with New Agreements

Binance crypto exchange has just expanded its Euro payment options. In a recent blog post, the Binance team announced that they’ve signed agreements with new fiat partners to offer a range of Euro-related services. These services include making Euro deposits and withdrawals through the Single Euro Payments Area (SEPA) network, trading Euro pairs, and buying and selling crypto via SEPA, bank cards, and fiat balances. While Binance hasn’t disclosed the names of these new partners, a Binance spokesperson said that they are collaborating with many partners across Europe, including TrueLayer, Nuvei, and several card acquirers. This move comes after Binance’s

Binance crypto exchange gives its users a heads-up about some upcoming wallet maintenance that could affect their deposits and withdrawals.
6 months ago 1 min read

Binance to temporarily suspend Ethereum deposits and withdrawals

Binance crypto exchange gives its users a heads-up about some upcoming wallet maintenance that could affect their deposits and withdrawals. Binance is scheduled to perform routine wallet maintenance on the Ethereum network (specifically, the ERC20 part) on October 24, 2023, starting at 7:00 a.m. UTC. This maintenance is expected to take around two hours. On the day of the maintenance, starting at 6:55 a.m. UTC, deposits and withdrawals on the Ethereum network (ERC20) will be temporarily suspended. The Binance team clarified that users’ ability to trade digital assets on the Ethereum network (ERC20) will not be affected during this maintenance

Stéphanie Cabossioras
6 months ago 1 min read

Managing Director of Binance France departs From the Exchange

Stéphanie Cabossioras, who served as the Managing Director of Binance France, has recently announced her resignation, making her the latest senior executive to depart from Binance this year. Her departure marks at least the tenth high-ranking executive to leave the prominent cryptocurrency exchange during this period. David Prinçay, the President of Binance France, confirmed Cabossioras’ departure and expressed his appreciation for her contributions. He stated, “We thank Stéphanie for her strong contribution to Binance France and wish her the best for her next challenge.” While the specific reason behind Cabossioras’ resignation remains undisclosed, there is widespread speculation that her decision

Bitcoin Exchange Binance Announces This Altcoin Will Support Network Upgrade!
6 months ago 1 min read

Binance Announces the Support of aelf (ELF) Network Upgrade

Binance crypto exchange has announced its dedication to supporting the forthcoming network upgrade of aelf (ELF). This upgrade is set to occur at block height 175,663,892 around 1:00 PM on October 17, 2023. To prepare for the upgrade, Binance told users to take note that the ability to deposit and withdraw ELF tokens on the aelf network will be temporarily suspended starting at around 12:00 on October 17, 2023. However, the exchange said that it’s crucial to understand that the trading of ELF tokens on the aelf network will continue without any interruptions. This means that users can engage in

Alameda CEO Caroline Ellison Says She and SBF Were Trying to Bring Down Binance
6 months ago 1 min read

Alameda CEO Caroline Ellison Says She and SBF Were Trying to Bring Down Binance

The ongoing trial involving Sam Bankman-Fried (SBF), the founder of FTX, has taken another surprising turn as key figure Caroline Ellison, CEO of Alameda Research, provided insights into the inner workings of the company. During SBF testimony, Caroline revealed a task on his to-do list: “Get regulators to bring down Binance.” Caroline also admitted to negotiating $10 billion in debt, raising questions about the source of these funds. The FTX exchange explained that these funds came from its users and customers. This detail led to an argument between Caroline and SBF, with SBF reportedly accusing Caroline of being at fault

Binance Partners with Royal Thai Police to Confiscate $277M from Scammers
7 months ago 1 min read

Binance and Royal Thai Police Team Up to Recover $277M Stolen by Scammers

In a recent announcement, Binance revealed its collaboration with law enforcement agencies to dismantle a criminal syndicate involved in a crypto scam. The operation, codenamed “Trust No One,” resulted in the arrest of five key suspects and the seizure of assets totaling $277 million. So far, over 3,200 victims have come forward to seek compensation. The Royal Thai Police’s Cyber Crime Investigation Bureau (CCIB) worked closely with Binance and United States Homeland Security Investigations (HSI) to bring down the fraudulent operation, which targeted individuals in Thailand with a crypto-related scam. Police Lieutenant Colonel Thanatus Kangruambutr, an inspector at the CCIB,

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