Binance

India seeks over $80 million from Binance exchange for unpaid taxes

August 6, 2024 2 mins read

The Directorate General of GST Intelligence (DGGI) in India has demanded a sum of $86 million in taxes from Binance, a prominent crypto exchange. India’s tax authorities have targeted a large crypto business for the first time, establishing a regulatory precedent in the country. The Directorate General of Goods and Services Tax Intelligence (DGGI) has requested a payment of INR 722 crore, which is equivalent to nearly $86 million, for

The SEC revises its lawsuit against Binance, removes Solana, Cardano, and Filecoin from its list

July 30, 2024 1 min read

The US SEC has put off deciding on whether Solana, Cardano, and Filecoin are stocks. The SEC has changed its case against Binance so that these cryptocurrencies are no longer on its list of assets considered securities. The Solana community is hopeful about this change, even though the coin’s price has been decreasing lately. The SEC said that Binance had broken several federal securities rules and that some of the

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

July 21, 2024 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

July 12, 2024 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

July 3, 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

June 28, 2024 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

June 20, 2024 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

June 17, 2024 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

June 17, 2024 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

June 13, 2024 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 

June 12, 2024 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

June 10, 2024 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