Tag: Binance

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

Binance withdraws German license app

The world’s largest cryptocurrency exchange, Binance, may be reconsidering its expansion plans after withdrawing its application for a crypto license in Germany. “Binance confirms it has proactively withdrawn its BaFin (Germany’s financial regulator) application. The situation, both in the global market and regulation, has changed significantly,” a Binance spokesman said on Wednesday. “Binance still intends […]

Naira plunges to record low against pounds
Economy

Naira crashes to N888/$1 on Binance

The naira/dollar exchange rate has fallen to N888/$1 on the cryptocurrency market, Binance. Currency limitations have previously been noted as a significant barrier for international companies wishing to engage in Nigeria, the continent’s top oil producer. Despite the fact that the CBN’s decision to loosen the currency peg was made to address this problem, the demand […]

Ex-Binance CEO sentenced to four months in jail
News Tech

Binance lays off over 1000 employees

The cryptocurrency exchange Binance has laid off some staff days after key executives left the company. “Over the last six years, we have grown from 30 to a team of almost 8,000 across the globe. As we prepare for the next major bull cycle, it has become clear that we need to focus on talent […]

Crypto featured

Binance unveils new investment platform

Crypto firm, Binance, has unveiled a new cryptocurrency investment called Binance Smart Chain to provide investors with a daily percentage dividend of 3%. The investment company stated that only consumers who participated in its presale were eligible for the three percent daily percentage. According to a statement made by the company, BSC Stake was an […]

Business

Binance to establish industry recovery fund

Cryptocurrency exchange currency, Binance has announced its intention to establish an industry recovery fund in the wake of the FTX crisis. According to Nairametrics, recent tweets from CEO of Binance, Changpeng Zhao, caused dramatic price jumps across the cryptocurrency market. Mr. Zhao announced the formation of an industry recovery group to support initiatives that are […]

Crypto News

Binance halts FTX acquisition deal

Binance has announced that it would not proceed with the plan of acquiring FTX. Recall that most cryptocurrencies experienced a decrease in the immediate aftermath. However, neither Sam Bankman-Fried nor FTX made any public announcements. Safe to mention that many people and publications have expressed their skepticism over whether Binance would actually follow through with […]

Tech

Binanace to acquire rival crypto platform FTX

The world’s largest cryptocurrency company, Binance has reached a deal to acquire its rival FTX.COM.   Although, the transaction excludes FTX.us and Binance.us two distinct companies focused on the United States.   The deal was confirmed by FXT founder and CEO, Sam Bankman Fried on Tuesday via his official Twitter handle.   In his tweet […]

E-commerce

Binance approves naira deposits, withdrawals

Binance, the world’s biggest cryptocurrency exchange firm, announced that it now allows naira deposits and withdrawals.   The firm made this announcement via its BinanceAfrica Twitter handle on Monday, November 7.   It tweeted, “Cashlink is now live on @BinanceAfrica to enable deposits and withdrawals of Fiat (NGN). #Biglinkup #NGNisBackonBinance”   To this end, Nigerian […]

X to offer paid users xAI chatbot - Musk
Crypto

Binance to finance Elon Musk’s Twitter takeover with $500m

Cryptocurrency giant, Binance, has pledged $500 million equity to help finance Elon Musk’s takeover of Twitter. This is according to Cryptobriefing.com which cited an amended 13-D schedule filed with the U.S. Securities and Exchange Commission on Wednesday. The publication reported that Binance had the fourth-largest commitment among a dozen equity investors financing Elon Musk’s takeover […]