Binance

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.

Binance introduces ‘Super Earn’ to allows users to earn a Special Annual Percentage Rate (APR)

August 14, 2024 1 min read

Binance, the largest crypto exchange globally, has introduced Binance Super Earn, an innovative program enabling users to earn a Special Annual Percentage Rate (APR) on recently listed tokens. The program seeks to foster the growth and visibility of new initiatives while enhancing user earnings through augmented APR rewards. Users who possess these tokens on Binance will be rewarded through temporary promotions supported by the respective token initiatives. Users can utilize

Venezuelan government blocks Binance, X, Reddit, and Signal amid election unrest

August 14, 2024 1 min read

The Venezuelan government has implemented a digital embargo on prominent online sites, such as the cryptocurrency exchange Binance and the social media network X, as part of a wider effort to suppress digital services. The disturbance, documented on August 12, 2024, is ascribed to the government-controlled internet service provider CANTV. Binance’s website and mobile application became unreachable in Venezuela as a result of a DNS block, which is thought to

Binance announces the listing of Toncoin (TON) on its platform

August 8, 2024 1 min read

Binance, the leading crypto exchange globally, has added Toncoin (TON) to its platform. Trading is scheduled to commence on August 8, 2024, offering four trading pairs: TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY. Binance has assigned a seed tag to the TON listing, indicating its first phases of development. Users are advised to perform comprehensive research prior to participating in trades conducted outside the platform to prevent fraud and guarantee the security

Binance records $1.2 billion in net inflows in 24 hours, demonstrating strong investor confidence

August 7, 2024 1 min read

Binance exchange achieved a remarkable $1.2 billion in net inflows within a 24-hour period, even in the face of worldwide market instability. The occurrence demonstrates the robust trust and belief of investors in Binance, a company that possesses assets over $100 billion. Although offshore exchanges experienced significant selling pressure, US crypto platforms demonstrated robust trading volumes for Bitcoin. Binance experienced an infusion of funds as traders and investors liquidated their

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