Binance

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

Binance to support the Polygon (MATIC) token swap to Polygon (POL), delisting existing pairs

August 28, 2024 5 mins read

Binance will support the Polygon (MATIC) token swap to Polygon (POL) from 2024-09-10 03:00 (UTC) and will delist all existing MATIC spot trading pairs and cancel all pending MATIC spot trading orders. At 2024-09-13 10:00 (UTC), Binance will open trading for the POL/BNB, POL/BRL, POL/BTC, POL/ETH, POL/EUR, POL/FDUSD, POL/JPY, POL/TRY, POL/USDC, and POL/USDT trading pairs. Deposits and withdrawals of MATIC tokens will be suspended at 2024-09-10 03:30 (UTC), and Binance

Binance urges the U.S. to intervene and secure the release of an executive in Nigeria

August 28, 2024 1 min read

Binance is urging the US government and international bodies to pressure Nigeria to release its top executive, Tigran Gambaryan, who has been in custody for six months. Gambaryan’s detention is deemed unjust, and his physical and mental health is rapidly declining due to a lack of proper medical care and legal access. Binance CEO Richard Teng has expressed concerns about Gambaryan’s deteriorating health, citing a herniated disc that has left

BNB Chain’s Launches 4YA Ecosystem Celebration: $300K+ Reward Pool and Exclusive NFTs

August 27, 2024 3 mins read

BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, has announced the launch of BNB Day: 4YA Ecosystem Celebration. The celebration to mark BNB Chain’s 4th anniversary will feature a series of engaging campaigns, airdrops, giveaways, and special activities organized by 16 projects within the BNB Chain ecosystem. The 4YA Ecosystem Celebration will provide users with a unique opportunity to participate in various activities and earn rewards, culminating

Binance Labs invests in 4 top-performing projects from the most recent season of BNB Chain’s Most Valuable Builder

August 22, 2024 2 mins read

Binance Labs, the investment division of Binance, has made investments in four very successful initiatives from the seventh season of BNB Chain’s Most Valuable Builder (MVB) competition. The accelerator program, a joint effort by BNB Chain, Binance Labs, and CMC Labs, seeks to promote expansion within the BNB Chain ecosystem. The chosen projects consist of Aggregata, a platform that integrates AI data, models, and computing seamlessly; Opinion Labs, which constructs

Binance faces a new lawsuit accusing them of facilitating crypto money laundering

August 22, 2024 1 min read

Binance and its CEO, Changpeng Zhao, are being sued for allegedly facilitating money laundering through its cryptocurrency exchange, resulting in substantial financial losses for three investors. The case, initiated on August 16, 2024, asserts that Binance actively participated in the process of concealing illegally obtained digital assets, so contravening the Racketeer Influenced and Corrupt Organizations Act (RICO). The plaintiffs contend that their cryptocurrency holdings were pilfered and subsequently transferred to

BNB Chain Announces BNB Day to Mark 4th Anniversary

August 20, 2024 3 mins read

As BNB Chain approaches its 4th anniversary, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, has announced that it will mark the milestone on BNB Day, set to take place on September 1, 2024. The celebration will extend beyond a single day, with a lineup of activities focusing on community engagement, rewards, and educational initiatives planned in the lead-up to and following BNB Day. As part of the anniversary celebrations, BNB

Binance Labs leads a $43 million investment in Sahara AI

August 15, 2024 2 mins read

Binance Labs, the investment division of Binance, has spearheaded a $43 million Series A funding round for Sahara AI, a business specializing in decentralized artificial intelligence (AI). Binance Labs’ investment underscores the increasing convergence of AI and blockchain technologies, showcasing their strong confidence in Sahara AI’s capacity to stimulate innovation in the industry. Although Sahara AI is a recent participant, it has already formed partnerships with prominent technology companies such

Binance is now fully available for Indian users

August 15, 2024 1 min read

After paying a $2.25 million fine earlier in the year, crypto exchange Binance has registered as a reporting company with India’s Financial Intelligence Unit (FIU). As an “important milestone” for the exchange, the registration enables Binance CEO Richard Teng to customize its services for users in India. The exchange’s dedication to strict regulation is demonstrated by the fact that its website and app are now completely accessible to Indian users.