Starting April 18, Binance’s NFT marketplace will discontinue its support for trading and depositing Bitcoin Ordinals. Binance is gradually reducing its backing for Bitcoin nonfungible tokens (NFTs) shortly after their introduction to its marketplace. In an April 4 blog post, Binance revealed plans to “simplify product offerings” on the Binance NFT platform. As a result, […]
Philippines Securities and Exchange Commission imposes restrictions on Binance access, citing concerns about illegal activities and the protection of investors. The Philippines Securities and Exchange Commission (SEC) has enacted measures to limit local access to the Binance cryptocurrency exchange. This action is a response to concerns regarding Binance’s alleged involvement in illegal activities within the […]
The Journey of Binance: From CZ to Teng Following the departure of its founder and CEO, Binance embarks on a new era under the leadership of Richard Teng, marking a pivotal moment for the platform and its investors. Drawing parallels with Uber’s transition from Travis Kalanick to Dara Khosrowshahi, we explore the implications of this […]
Binance, a global crypto exchange powerhouse, and its former CEO, Changpeng Zhao, have agreed to a substantial settlement of $2.85 billion with the U.S. Commodity Futures Trading Commission (CFTC). This resolution comes on the heels of Zhao’s admission last month to two counts of conspiring to evade U.S. regulations and sanctions. Judge Manish Shah, overseeing […]
The Origin of Binance Founded amidst the crypto boom of 2017, Binance quickly became a major player in the crypto market. As Initial Coin Offerings gained popularity, Binance facilitated the buying, selling, and trading of various cryptocurrencies, generating profits from each transaction. Its initial success was fueled by a surge in Bitcoin prices, a proliferation […]
In a recent turn of events, Binance, the global cryptocurrency giant, suffered a significant shakeup as its CEO and co-founder, Changpeng Zhao, stepped down following admissions of violating US anti-money laundering regulations. The aftermath saw Binance agree to pay over $4 billion in fines without admitting guilt, leading to a ripple effect across the crypto […]
Changpeng Zhao (CZ), the former CEO of Binance, the world’s leading cryptocurrency exchange, is navigating a complex legal landscape in the United States, adding uncertainty to the future of both Binance and the broader crypto industry. CZ recently pleaded guilty to charges related to the alleged failure to adhere to anti-money laundering laws at Binance. […]
Cryptocurrency exchanges are the pivotal epicenter of the digital asset market. These platforms facilitate the fluid transfer of cryptocurrencies and tokens across diverse networks, serving as the conduit for investors to buy and sell their digital assets. However, navigating the labyrinth of exchanges can be a formidable task. Each exchange comes equipped with its own […]
In response to the UK Financial Promotions Regime, effective October 8, 2023, Binance, a leading global cryptocurrency exchange, has undergone a series of adaptations. These new regulations grant unregulated overseas crypto firms, like Binance, the opportunity to promote their cryptoasset services within the UK under the condition that they engage with an FCA (Financial Conduct […]
