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CryptoCurrency

Binance’s Zhao Pushed to Shutter US Exchange Ahead of Lawsuits

  • The board of the exchange reportedly had a vote on the proposal.
  • Binance declined to comment on the report.
Wednesday, 02/08/2023 | 08:49 GMT by Arnab Shome
CryptoCurrency

Binance Japan Plans to Initially List 34 Tokens Following Market Re-entry

  • The exchange will offer more tokens than its rivals in Japan.
  • Binance Japan reportedly plans to offer stablecoins.
Tuesday, 01/08/2023 | 08:06 GMT by Jared Kirui
CryptoCurrency

Nigerian SEC Clarifies Warning against Binance, Labels It 'Illegal'

  • The latest circular came through clarification on a previous announcement.
  • The regulator warned against the high risks of crypto investments.
Monday, 31/07/2023 | 11:16 GMT by Arnab Shome
CryptoCurrency

Binance Secures Operational License in Dubai despite Global Woes

  • Binance FZE has gained an operational license from Dubai's VARA.
  • The new license allows the company to offer exchange and broker-dealer services.
Monday, 31/07/2023 | 07:11 GMT by Damian Chmiel
CryptoCurrency

Binance Drops License Application in Germany amidst Regulatory Challenges

  • Germany has reportedly been reluctant to issue the exchange a crypto custody license.
  • Binance's European market has been shrinking since the exchange left the Netherlands.
Wednesday, 26/07/2023 | 16:12 GMT by Jared Kirui
CryptoCurrency

Binance Plans Launch in Japan in August, Considers Introducing Stablecoins

  • Binance acquired a 100% stake in a local crypto exchange last year.
  • The exchange plans to launch in Thailand during Q4 of this year.
Tuesday, 25/07/2023 | 13:30 GMT by Solomon Oladipupo
CryptoCurrency

Binance Takes On CFTC with Plans to Seek Dismissal of Lawsuit

  • The regulator sued the exchange and its CEO for allegedly violating the Commodity Exchange Act.
  • Binance is expected to respond to the complaint on July 27.
Tuesday, 25/07/2023 | 08:00 GMT by Jared Kirui
CryptoCurrency

Changpeng Zhao Was Aware of Wash Trading on Binance.US: Report

  • The exchange faces an SEC lawsuit for wash trading and several other violations.
  • Binance denies the allegations of wash trading on its US platform.
Tuesday, 25/07/2023 | 06:53 GMT by Arnab Shome
CryptoCurrency

ChatGPT Founder Sam Altman’s Worldcoin Token (WLD) Listed on Binance

  • The cryptocurrency is listed against Bitcoin and USDT.
  • More than 2 million users have signed up for the project's World IDs.
Monday, 24/07/2023 | 13:02 GMT by Jared Kirui
CryptoCurrency

Argentinian Football Association Slams Binance over Sponsorship Termination

  • The association has disputed allegations of non-compliance.
  • The AFA is reportedly planning to sue the exchange.
Wednesday, 19/07/2023 | 14:45 GMT by Jared Kirui
Retail FX

News Nuggets | 18 July: Binance and CS to Cut Staff; Big Banks Partner on FX Trading

  • IPC Partners with CryptoStruct, and StoneX Group Rebrands.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Tuesday, 18/07/2023 | 10:41 GMT by Finance Magnates Staff
CryptoCurrency

Binance Fired over 1,000 Employees in Recent Weeks: Report

  • A number of senior executives recently exited the crypto exchange.
  • Binance suffered several setbacks over the past month.
Friday, 14/07/2023 | 22:22 GMT by Solomon Oladipupo
CryptoCurrency

Binance Loses Top Executives amid Regulatory Challenges

  • The exchange's Chief Strategy Officer, Hillmann, is among those exiting the company.
  • Changpeng Zhao has dismissed the speculations around the departures.
Friday, 07/07/2023 | 09:36 GMT by Jared Kirui
CryptoCurrency

Binance to Transfer Dutch Clients to Local Rival Coinmerce

  • Binance will exit the Dutch market on 17 July.
  • Binance has “hundreds of thousands [of] Dutch users,” though the exact number is unknown.
Friday, 07/07/2023 | 05:14 GMT by Arnab Shome
CryptoCurrency

Binance’s Market Share Drops amid Regulatory Pressure

  • The market share of the exchange’s US affiliate declined the most.
  • That of the global exchange dropped to 52% in June.
Thursday, 06/07/2023 | 08:09 GMT by Jared Kirui
CryptoCurrency

Aussie Regulator Searched Local Binance Offices

  • The search was a part of the ongoing probe against the exchange derivatives business.
  • Neither ASIC nor Binance confirmed the search.
Wednesday, 05/07/2023 | 09:04 GMT by Arnab Shome
CryptoCurrency

Germany Joins Anti-Binance Sentiment, BaFin Rejects License Application

  • Local media reports that BaFin rejected Binance's application for a crypto custody license.
  • This is another European country where Binance is encountering problems.
Thursday, 29/06/2023 | 11:02 GMT by Damian Chmiel
CryptoCurrency

Binance Loses Major EUR Banking Partner amid Regulatory Concerns

  • Paysafe will halt support for the crypto exchange in September.
  • The development follows recent concerns raised by the FCA.
Thursday, 29/06/2023 | 08:27 GMT by Jared Kirui
Analysis

Analysis: Despite Lower Activity, Retail FX and CFD Deposits Grew in April

  • The average number of transactions declined.
  • The record value of NET deposits was registered.
Thursday, 29/06/2023 | 08:05 GMT by Sylwester Majewski
CryptoCurrency

Binance Mulls Over Middle East Focus amid Regulatory Pressure in the West

  • According to Binance Dubai, the region offers a clear framework for crypto firms.
  • In the meantime, the company is downsizing its European operations.
Monday, 26/06/2023 | 10:58 GMT by Damian Chmiel
CryptoCurrency

Binance Updates Maker Fees for P2P Fiat Markets

  • The change will last a month and include a discount on market maker fees.
  • It comes at a time Binance is fighting escalating regulatory challenges.
Friday, 23/06/2023 | 18:47 GMT by Jared Kirui
CryptoCurrency

FSMA Orders Binance to Immediately Halt Services in Belgium

  • Binance failed to prove that 19 operators servicing Belgian clients are EEA firms.
  • The exchange can either return all customer assets or transfer them to EEA entities.
Friday, 23/06/2023 | 18:18 GMT by Solomon Oladipupo
CryptoCurrency

Brazilian Lawmaker Seeks Binance Probe over Links to Pyramid Schemes

  • Lawmakers are likely to vote on the proposal next week on Tuesday.
  • Brazil's securities regulator reopened its case against Binance earlier in March.
Thursday, 22/06/2023 | 16:38 GMT by Solomon Oladipupo
CryptoCurrency

Binance's Zhao Slams SEC over Commingling Asset Claims

  • The SEC in an earlier statement claimed Binance diverted US customers' assets.
  • The exchange said the SEC previously admitted to lacking evidence to support this claim.
Wednesday, 21/06/2023 | 22:27 GMT by Solomon Oladipupo
CryptoCurrency

Binance Enters Central Asia with Launch of Local Service in Kazakhstan

  • The crypto exchange partnered with a local bank to enable fiat transfer.
  • Binance currently supports users in several countries in Asia.
Wednesday, 21/06/2023 | 19:28 GMT by Solomon Oladipupo
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