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Tag: Binance

Binance working with Nigeria govt to resolve exec's detention, CEO says
Crypto

Binance opens crypto trading in Thailand

Alex Omenye Binance said on Tuesday that it has made its bitcoin exchange available for trade in Thailand. According to a release, Gulf Binance is a joint venture between Binance and Gulf Innova of Thailand. It will function as an exchange and brokerage platform that lets customers buy and sell digital assets using local currency […]

OpenAI is facing ongoing capacity challenges following the launch of its viral image generation feature last week, as a result, the company has temporarily disabled
News

Apple removes Binance, crypto apps from India App store

Alex Omenye Apple have removed at least nine cryptocurrency exchanges’ applications, including those from Binance and Kraken from the Indian App Store. This comes less than two weeks after the majority of these international companies were accused of conducting business in the country “illegally.” Nine cryptocurrency companies received show-cause notifications from the Financial Intelligence Unit, […]

Binance opens crypto trading to Syrians after US lifts sanctions
News Tech

India blocks Binance, nine other over ‘illegal’ operations

Nine international cryptocurrency exchanges, including Binance, Kraken, Kucoin, and Mexc, are allegedly operating “illegally” in India without abiding by the local anti-money laundering act has been blocked in India. The Financial Intelligence Unit, an Indian government agency that monitors financial transactions, said on Thursday and requested that the IT Ministry block their websites. All nine […]

Ex-Binance CEO sentenced to four months in jail
Tech

Prosecutors demand Binance CEO remains in US for trial

United States prosecutors urged a federal judge on Wednesday to order Binance Holdings founder and former CEO Changpeng Zhao to stay in the United States prior to his sentence hearing on February 23, 2024, according to a court document. On Wednesday, the U.S. Justice Department pleaded with the judge to order Zhao to remain in […]

Binance halts support for USDC stablecoin on Tron blockchain
News Tech

Investors pull $956m from Binance after Zhao’s resignation

Investors on Binance have about $956 million from crypto exchange in the past 24 hours, data firm Nansen reported on Wednesday. The move comes a day after its chief, Changpeng Zhao, stepped down and pleaded guilty to breaking U.S. money laundering laws. The data only includes flows on the ethereum blockchain, Nansen analysts said. Changpeng […]

Binance founder Zhao steps down
News Tech

Binance founder Zhao steps down

Changpeng “CZ” Zhao is leaving his position as CEO of Binance as part of a significant $4 billion deal with the Department of Justice and the cryptocurrency exchange he founded, Forbes reported on Tuesday. The move follows a Tuesday settlement with the Office of Foreign Assets Control, the Financial Crimes Enforcement Network of the Department […]

Binance opens crypto trading to Syrians after US lifts sanctions
News Tech

Binance halts new sign ups in UK

The cryptocurrency exchange Binance said on Monday that it will stop taking on new signups in the UK. The change complies with a new legislation that limits countrywide promotions from foreign digital asset enterprises. According to a message on Binance’s website, new users in the UK won’t be allowed to register on the platform after […]

US drops lawsuit against Binance
News Tech

Binance exits Russia amid war with Ukraine

Binance announced on Wednesday that it will sell its operations in Russia to the recently created exchange CommEX. The crypto platform became the latest company to leave Moscow since Russia started its conflict with Ukraine. The largest cryptocurrency exchange in the world, Binance, withheld the deal’s financial information. According to the corporation, neither a revenue […]

Binance's head of product Mayur Kamat resigns
News Tech

Binance’s head of product Mayur Kamat resigns

Mayur Kamat, the global head of product for Binance, has left the cryptocurrency exchange amid a wave of executive departures and employment cuts. Kamat’s departure from Binance comes after a recent management exodus that also involved General Counsel Hon Ng and Chief Strategy Officer Patrick Hillmann. In recent months, the Bitcoin exchange has been under […]

Mastercard forecasts 6% rise in Nigeria's diaspora remittance
News Tech

Mastercard cuts ties with Binance

Mastercard and cryptocurrency exchange Binance will discontinue their four crypto card programmes in Argentina, Brazil, Colombia, and Bahrain, from September 22, Earlier on Thursday, the exchange’s customer care account on X, formerly known as Twitter, said that the card “will no longer be available to users in Latin America and the Middle East.” By using […]

Binance files protective court order against SEC
Crypto

Binance files protective court order against SEC

Global cryptocurrency company, Binance, made a bold move seeking refuge under a protective court order against the US Securities and Exchange Commission. This audacious maneuver comes in direct response to what Binance terms the regulator’s relentless pursuit of information through “overbroad” and “unduly burdensome” requests. In an emphatic legal salvo, BAM Trading, the operational nucleus […]

Binance records $90 billion Crypto trade in China amidst ban
Crypto

Binance records $90 billion Crypto trade in China amidst ban

The world’s largest cryptocurrency exchange, Binance, reportedly facilitated a staggering $90 billion worth of cryptocurrency trades in China. Meanwhile, crypto trading has been banned in China since 2021. The transactions, unveiled by the Wall Street Journal on Tuesday, were detailed in internal figures and confirmed by current and former Binance employees. Curiously, this bustling trading […]

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