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Crypto Executive Avoids Prison, FTX Seeks $1.8 Billion in Binance Lawsuit
- Gary Wang adjusted FTX software, enabling Alameda Research to withdraw billions undetected.
- Recently, the FTX bankruptcy estate filed a lawsuit against Binance to recover $1.8 billion.
Wednesday, 20/11/2024 | 16:59 GMT by
Tareq Sikder
Why Is Bitcoin Trading Volume So High? BTC Turnover Rose by 80% in a Year
- Bitcoin's trading volume surged 80% year-over-year, driven by Trump's crypto-friendly stance and spot ETF approvals.
- Daily volumes now consistently exceed $33 billion, with Binance capturing 52% of the market share.
Monday, 18/11/2024 | 12:13 GMT by
Damian Chmiel
Dutch Court Orders Binance to Disclose User Identity in €186,000 Fraud Case
- The victim was deceived by a person she met on a dating app and was persuaded to transfer €186,000 across six transactions.
- While Binance suspended the implicated account, it initially refused to disclose the user’s identity without a court order.
Friday, 08/11/2024 | 14:21 GMT by
Jared Kirui
Binance Unveils Wealth Management Platform for High-Net-Worth Investors
- Wealth managers using Binance Wealth can reportedly oversee client onboarding, including the submission of KYC documents.
- The platform supports a range of cryptocurrencies besides Bitcoin and Ethereum.
Tuesday, 29/10/2024 | 18:14 GMT by
Jared Kirui
Binance Executive Released from Nigerian Custody, Money Laundering Charges Dropped
- Tigran Gambaryan has been in prison since April for allegedly laundering $34.4 million.
- His release was prompted by diplomatic pressures from US lawmakers and concerns over his health.
Wednesday, 23/10/2024 | 13:06 GMT by
Jared Kirui
Binance Executive's Trial Delayed to October 25 Due to Health Concerns
- Judge Emeka Nwite denied bail again, stating that prison conditions can address health needs.
- Tigran Gambaryan's wife reported his declining health, warning of potential permanent damage.
Friday, 18/10/2024 | 17:14 GMT by
Tareq Sikder
Nigerian Court Denies Binance's Tigran Gambaryan Bail amid Health Concerns
- Gambaryan has been detained since February for currency manipulation and laundering.
- Binance has advocated his release, claiming authorities demanded a “secret” payment to resolve their issues.
Friday, 11/10/2024 | 11:02 GMT by
Tareq Sikder
Binance Secures 20th Regulatory Approval as a VASP from Argentina's CNV
- The registration enables the firm to provide its full range of services to users in Argentina.
- Last month, the Kazakhstan unit received formal consent from the AFSA for the full license.
Tuesday, 01/10/2024 | 16:45 GMT by
Tareq Sikder
Binance Introduces Pre-Market Spot Trading for Crypto Investors
- Pre-market trading periods will reportedly end at least four hours before the official spot trading starts.
- Binance aims for the new service to provide them with early access to potential investments.
Monday, 30/09/2024 | 14:52 GMT by
Jared Kirui
Speaker Line-Up for Binance Blockchain Week Dubai 2024 Revealed
- Lineup includes leaders from Circle, Dubai Future Foundation, Wamda Capital, Sotheby’s
Thursday, 26/09/2024 | 14:48 GMT by
FM
Binance Serves Users Despite 2023 Exit, Sees 43% Decline in Russian Traffic
- The firm's Russian-language Telegram channel remains active, providing updates to 130,000 subscribers.
- It claims to have exited Russia; despite a drop, the country still accounts for 6% of its total website traffic.
Thursday, 26/09/2024 | 08:33 GMT by
Tareq Sikder
SEC Reiterates Binance’s Illegal Operations, Highlights “Lack of Disclosure”
- The SEC alleges Binance operated illegally as an unregistered exchange, broker-dealer, and clearing agency.
- Criticism emerges as the SEC admits “crypto asset security” lacks a formal definition.
Friday, 13/09/2024 | 15:46 GMT by
Tareq Sikder
Trustpilot Flags “Fake” Binance Reviews: Disables Crypto Exchange's TrustScore
- 80 percent of Binance reviews on Trustpilot have 1 star, while another 6 percent have only 2 stars.
- Most of the top crypto exchanges are rated either “Poor” or “Bad” on Trustpilot.
Thursday, 05/09/2024 | 06:38 GMT by
Arnab Shome
Binance Pushes Back Against Accusations of Freezing Palestinian Accounts: Report
- The exchange's CEO, Richard Teng, clarified that Binance only restricted accounts associated with illicit activities.
- The confusion is compounded by ongoing geopolitical tensions and the complex nature of tracking cryptocurrency use in terrorism.
Wednesday, 28/08/2024 | 16:24 GMT by
Jared Kirui
Crypto Exchange Giant Ramps Up Compliance Hiring, Spends $200 Million
- Binance plans to hire 1,000 new employees in 2024, with 20% focused on compliance roles.
- The new CEO of the company wants the compliance team to consist of 700 people by the end of 2024.
Thursday, 22/08/2024 | 08:26 GMT by
Damian Chmiel
Binance Claims to Have Prevented $2.4 Billion in Fraudulent Losses in 2024
- A significant portion of the detected threats involved suspicious crypto withdrawals, whereby Binance flagged over $1.1 billion.
- By July 31, 2024, Binance had reportedly recovered over $73 million in lost or misplaced funds.
Tuesday, 20/08/2024 | 14:58 GMT by
Jared Kirui
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