Binance’s decision to discontinue support for XRP and TUSD could potentially impact the sentiment surrounding the coin, sparking various speculations about the underlying reasons. Binance Futures, a segment of the prominent crypto exchange platform, has announced its plans to halt support for XRP and TUSD as margin assets. This move is scheduled to come into … Read more
Months after reaching a groundbreaking $4 billion settlement with the Department of Justice (DOJ), Binance, the world’s largest cryptocurrency exchange, is still experiencing the lasting repercussions, expected to persist for years. As a component of the landmark agreement in November 2023, the company consented to three years of oversight under a compliance monitoring program to … Read more
Binance and KuCoin, two offshore cryptocurrency entities, have received approval from India’s anti-money laundering unit after being banned for operating illegally. The Financial Intelligence Unit (FIU-IND), under the nation’s Finance Ministry, has registered both exchanges. Previously, over nine offshore entities, including Huobi, Kraken, Gate.io, and others, were banned at the end of last year. KuCoin … Read more
Toncoin (TON), the native cryptocurrency for The Open Network blockchain backed by the Telegram social network, has experienced a significant uptick, rising approximately 14% in the past 24 hours to trade around $6.9 during the mid-London session on Friday. The Toncoin project has emerged as a top-tier layer one (L1) blockchain, boasting a total value … Read more
Canada’s financial regulator, FINTRAC, has fined Binance, the world’s largest cryptocurrency exchange, a hefty sum of 6 million Canadian dollars, approximately $4.4 million USD. This penalty stems from Binance’s failure to adhere to regulations concerning money laundering and terrorist financing. FINTRAC identified various breaches, including Binance’s failure to register as a foreign money-services business and … Read more
Binance has refuted recent accusations regarding alleged market manipulation by DWF Labs. Claims of market manipulation by DWF Labs have resurfaced, with an anonymous source purporting to be a former Binance insider alleging that Binance investigators discovered $300 million worth of wash trading from DWF during 2023, as reported by the Wall Street Journal on … Read more
Nigerian cryptocurrency stakeholders are urging Binance to disclose the identity of the individual who allegedly offered a bribe, asserting that this transparency is crucial for substantiating their claims. They emphasize the potential negative impact on Nigeria’s image if the bribery allegation is not addressed properly. Rume Ophi, the executive secretary of the Stakeholders in Blockchain … Read more
Binance CEO Richard Teng has called for the immediate release of the exchange’s executive, Tigran Gambaryan, who has been detained in Nigeria for over 70 days. In a blog post, Teng asserted Gambaryan’s innocence and condemned his detention as setting a dangerous precedent for global companies. Gambaryan, Binance’s Head of Financial Crime Compliance, was detained … Read more
Binance, the leading cryptocurrency exchange globally, made an announcement today regarding the addition of new altcoin trading pairs. EGLD, PHB, and RSR are now available for trading against the Turkish Lira (TRY) on Binance. In their statement addressed to Binance members, the exchange mentioned: “In our ongoing efforts to enhance trading options and user experience … Read more
The reserves held by significant centralized exchanges were revealed by bitcoin analysis firm Arkham in a recent announcement. Each exchange’s holdings are broken down in detail in the report. Binance Binance, the biggest cryptocurrency exchange globally based on trading volume, with an astounding $209.35 billion in total assets. The following is how the primary assets are … Read more