Binance, the leading cryptocurrency exchange globally, is expanding its trading services significantly. Binance Spot, the primary trading platform, will introduce new trading pairs for major cryptocurrencies such as Bitcoin (BTC), XRP, Ethereum Name Service (ENS), and Lido DAO (LDO). In an official announcement dated May 28, 2024, Binance disclosed that trading for pairs like BTC/MXN, … Read more
Hedge Fund Three Arrows Capital’s liquidator, Teneo, has reportedly transferred 2.18 million STRK tokens, valued at around $2.63 million, to Binance over the past three days. According to a blockchain analytics platform Spot On Chain post on X, Teneo still holds 130 million STRK, estimated to be worth $157 million. Chinese crypto reporter Colin Wu … Read more
The Nigerian Federal Inland Revenue Service (FIRS) has alleged that the Nigerian Correctional Service did not produce Binance executive Tigran Gambaryan at the Federal High Court in Abuja for his tax evasion trial. As reported by local media, Tigran Gambaryan, the detained Binance executive, did not appear in court on May 22 as scheduled for … Read more
Binance, the leading cryptocurrency exchange globally, has introduced the second project on its newly launched Binance MegaDrop platform: Lista (LISTA). MegaDrop offers users early access to select Web3 projects before their tokens are listed on Binance, integrating Binance Simple Earn and the Binance Web3 Wallet for a seamless airdrop experience. Lista functions as a liquid … Read more
A noteworthy event for the cryptocurrency sector occurred as the First District Court of Appeals in Florida issued a unanimous decision against a permanent prohibition on Binance, the largest cryptocurrency exchange globally. As per a report from Bloomberg Law, the court concluded that the state’s financial regulators had failed to adhere to appropriate protocols when … Read more
In recent times, the cryptocurrency market has seen a pattern where tokens are introduced with substantial fully diluted valuations (FDVs) but relatively low initial circulating supplies. This setup, often influenced by venture capital (VC) funding and optimistic market sentiment, can lead to unsustainable price surges following token generation events (TGEs) and significant selling pressure once … Read more
Binance, the world’s largest cryptocurrency exchange, is currently entangled in a multifaceted legal dispute with Nigerian authorities, who have leveled accusations of money laundering, tax evasion, and currency speculation against the exchange. At the heart of the controversy are two senior Binance executives: Tigran Gambaryan, who serves as the head of financial crime compliance, and … Read more
Over the past six months, investors who purchased the latest cryptocurrency listings on Binance, the leading cryptocurrency exchange, have experienced a collective decline of over 18%. This occurred despite a broader rally in the cryptocurrency market during the same period, as more than 80% of these tokens saw their values decrease post-listing. According to analysis … Read more
Binance’s security experts have devised a countermeasure against the increasing prevalence of address poisoning scams, which manipulate investors into inadvertently sending funds to a fraudulent address. The security team at the world’s largest cryptocurrency exchange has developed an algorithm capable of detecting millions of tainted crypto addresses, as detailed in a report: “Our team has … Read more
Ginger Onwusibe, Chairman of the House of Representatives Committee on Financial Crimes, strongly denied Binance’s recent accusation that Nigerian authorities sought a $140 million bribe. Onwusibe dismissed the claim as a blatant attempt at extortion, accusing Binance of trying to divert attention from the facts. The controversy arose following the arrest of two Binance executives, … Read more