Binance

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

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