Miami Heat star Jimmy Butler and crypto influencer Ben Armstrong, known as “BitBoy,” have reached a $340,000 settlement to resolve a class-action lawsuit accusing them of promoting Binance’s unregistered securities. The settlement, which was presented for preliminary approval to a Miami federal judge on August 19, 2024, aims to bring closure to legal proceedings that … Read more
Binance, the world’s largest cryptocurrency exchange, is significantly ramping up its compliance efforts in response to mounting regulatory scrutiny. According to a recent Bloomberg report, the exchange plans to bolster its compliance team by hiring 1,000 new employees this year, with a substantial portion dedicated to compliance roles. By the end of 2024, Binance aims … Read more
Binance, the world’s leading cryptocurrency exchange, has announced it will be delisting nine spot trading pairs starting August 23 at 03:00 UTC. This decision affects prominent cryptocurrencies such as ARKM, CHZ, ENA, FIRO, IOTA, JOE, OMNI, REZ, and SUPER, across various fiat and crypto pairs including TUSD, EUR, BTC, FDUSD, TRY, and BNB. Despite this, … Read more
Binance has announced the addition of DOGS to its Launchpad, marking the 57th token to be featured on the platform. This new meme coin, created within the Telegram community, is set to debut with a staking period from August 23 to August 25, leading up to its listing on August 26. Here’s a closer look … Read more
Binance Futures, a leader in the cryptocurrency derivatives market, has announced the launch of two new perpetual contracts, GUSDT and RAREUSDT, scheduled to debut on August 15, 2024. These new contracts mark a significant expansion in Binance Futures’ portfolio, enhancing trading opportunities for users with leverage options up to 50x. Expanding Horizons: New Perpetual Contracts … Read more
In a significant legal development, Binance, one of the world’s leading cryptocurrency exchanges, has agreed to pay $1.76 million to the Brazilian Securities and Exchange Commission (CMV) to settle allegations of illegal derivatives trading. This settlement comes after an extensive investigation by the CMV, which found that Binance had been offering derivatives trading services in … Read more
In a bold move to solidify its place in the cryptocurrency realm, Baby Doge has made a public appeal to Binance, one of the world’s leading cryptocurrency exchanges, to list its token. The tweet, which has quickly gained traction within the crypto community, highlights Baby Doge’s impressive three-year journey marked by substantial growth, dedicated community … Read more
Binance, one of the world’s largest cryptocurrency exchanges, has resumed full operations in India following a substantial fine and successful registration with the Financial Intelligence Unit (FIU). This development marks a significant milestone for both Binance and the broader cryptocurrency sector in India. Binance’s Return to India Binance’s return to the Indian market is a … Read more
In recent developments, the situation surrounding Tigran Gambaryan, a Binance executive, has worsened dramatically. Gambaryan, who is currently detained in a Nigerian prison on money laundering charges, is reportedly facing severe health issues due to inadequate medical care and limited access to legal representation. His deteriorating condition has raised significant concerns among human rights advocates … Read more
Binance, one of the globe’s leading cryptocurrency exchanges, has announced the delisting of six altcoins, causing significant turbulence in the crypto market. The affected tokens—PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF), and VGX Token (VGX)—saw their values plummet by double digits following the announcement. Starting August 26, 2024, at 03:00 UTC, … Read more