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Binance Futures Enhances Trading Portfolio with New Perpetual Contracts

Binance Futures Enhances Trading Portfolio with New Perpetual Contracts

Binance Futures is set to broaden its trading horizon by introducing two new perpetual contracts, MYROUSDT and 1000PEPEUSDC, scheduled for launch on March 5th and March 7th, 2024, respectively. This strategic expansion is a testament to Binance’s commitment to catering to the diverse needs of its trading community, offering more options and flexibility in the […]

Nigerian Naira (NGN) Withdrawals Cease on Binance: What’s Next for Traders?

NGN

In the Nigerian cryptocurrency market, Binance, one of the world’s leading cryptocurrency exchanges, has announced its decision to discontinue all services involving the Nigerian naira (NGN) currency.  The decision follows a series of challenges with local financial regulators and is set to take effect imminently. Transitioning from NGN: Binance implements USDT conversion Binance’s official announcement […]

Furious Nigeria asks Binance CEO to show up as soon as possible

Furious Nigeria asks Binance CEO to show up as soon as possible

Nigeria’s House of Representatives, particularly its Financial Crimes Committee, is on the warpath, calling out Richard Teng, the big boss at Binance. They’ve given him a week to make his way to them by March 4, 2024, no ifs or buts. The reason? They’re eyeballing Binance with suspicion, thinking it might be messing around with […]

Over 53 billion LUNC tokens burned by Binance to aid market stability

Binance

Binance, the world’s largest cryptocurrency exchange, has completed its 19th batch of the Terra Luna Classic (LUNC) token burn mechanism, effectively removing 2.21 billion LUNC tokens from circulation. This action has brought the total number of LUNC tokens burned by Binance to over 53 billion, marking a significant contribution to the Terra Luna Classic community’s […]

Nigerian government denies $10 billion Binance fine rumor

Nigeria

A representative from the Nigerian government has addressed rumors regarding a potential $10 billion fine for the global cryptocurrency exchange Binance. Bayo Onanuga, the Special Adviser to the Nigerian President on Information and Strategy, has refuted claims initially reported by the BBC, asserting that the allegations resulted from a misquotation. The clarification emerged following the […]

Which crypto exchange made it to Hong Kong’s license application deadline?

Hong Kong

Hong Kong has recently emerged as a significant hub for the crypto industry, evidenced by the substantial interest from companies seeking to operate digital asset exchanges within its jurisdiction. Despite fierce competition from other global financial centers, Hong Kong has attracted 24 applicants for crypto exchange permits.  Major crypto exchanges, including Binance, have chosen to […]

Binance recovers $4.4 Billion amid deposit woes

Binance

Binance, the world’s leading crypto exchange, has successfully reclaimed $4.4 billion worth of digital assets for its users amidst deposit errors. This significant recovery addresses major challenges faced by users in the cryptocurrency space.  The recovered assets, totaling $4.4 billion, were distributed among 381,616 users who were affected by mishandled deposits over the past two […]

Nigeria asks Binance for $10 billion

Nigeria asks Binance for $10 billion

Nigeria’s government is demanding a jaw-dropping $10 billion in penalties from Binance, the world’s leading cryptocurrency exchange, due to allegations of them causing significant financial losses in the country by manipulating exchange rates. This claim centers around accusations that Binance’s activities have led to a drastic depreciation of the Naira, Nigeria’s currency, by nearly 70% […]

Binance Expands Trading Universe with $PORTAL Introduction

Binance Expands Trading Universe with $PORTAL Introduction

In a move that further solidifies its position as a leading cryptocurrency exchange, Binance has announced the addition of $PORTAL to its trading platform.  The latest development enables users to engage in trading, buying, and selling $PORTAL, offering a new avenue for investment and speculation within the expansive Binance ecosystem. Unveiling $PORTAL: A new trading […]

Nigeria’s Central Bank Governor raises concerns over untraceable funds flowing through Binance

Binance

In a recent development concerning Nigeria’s financial landscape, Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has voiced apprehensions regarding the significant influx of untraceable funds through Binance Nigeria, one of the country’s prominent cryptocurrency exchanges. Multiple local media outlets have reported on Cardoso’s remarks, highlighting the urgency of addressing this issue […]

Binance Faces Scrutiny Over Threats to Nigeria’s Economic Stability

Binance

Bayo Onanuga, the presidential spokesman, warned about the potential economic fallout from the operations of Binance, a leading cryptocurrency trading platform. During an appearance on Channels Television’s Politics Today program on Wednesday, Onanuga expressed serious concerns over Binance’s influence on Nigeria’s economy through its control over foreign exchange rates. The Battle Against Binance Economic Sabotage […]

Binance executives arrested in Nigeria amid P2P trade ban

Binance executives arrested in Nigeria amid P2P trade ban

Nigeria’s government recently cracked down on Binance’s operations in the country, which led to the arrest of two top executives from the cryptocurrency exchange. This follows closely after the government decided to ban cryptocurrency exchanges altogether. The Binance officials went to Nigeria after the ban was announced, but as soon as they got there, the office […]

Binance launches expanded VIP program for traditional asset traders

Binance

Binance, one of the leading cryptocurrency exchanges globally, introduces a pioneering initiative to integrate traditional asset traders into its VIP program. This move signifies a significant step towards bridging the gap between cryptocurrency and traditional finance. In a groundbreaking move, Binance unveiled its latest initiative, extending its VIP program to encompass traditional asset traders. This […]

Binance rolls out VIP program for traditional asset traders

Binance

Binance, one of the world’s leading crypto exchanges, has recently announced a significant expansion of its VIP Invitation Program. This expansion marks a strategic move by Binance to attract a broader user base, specifically targeting individuals who are actively involved in trading traditional assets such as stocks, bonds, and commodities.  The initiative aims to capitalize […]

IRS boosts crypto expertise with Binance.US ex-exec hire

IRS

The U.S. Internal Revenue Service (IRS) has announced the hiring two notable former executives from the cryptocurrency industry. This development comes as the tax authority prepares for the upcoming tax season, emphasizing its commitment to strengthening its expertise in the rapidly evolving digital asset space. Sulolit “Raj” Mukherjee, previously the global head of tax at […]

How Babylon is transforming Bitcoin into a PoS powerhouse with Binance Labs

Binance Labs backs Babylon for innovative Bitcoin staking protocol

Binance Labs, the investment arm of the cryptocurrency powerhouse Binance, has recently invested in Babylon, a Bitcoin staking protocol, according to a recent announcement on Feb.27. This initiative is a significant stride in cryptocurrency innovation, allowing Bitcoin holders to stake their assets on Proof-of-Stake (PoS) blockchains. Babylon eliminates the need for third-party custody, bridge solutions, […]

Binance pleads guilty to record $4.3 billion fine in landmark case

Binance

In a landmark case that has sent shockwaves through the cryptocurrency industry, Binance, the world’s largest cryptocurrency exchange, has pleaded guilty to charges brought forth by the US Department of Justice.  The guilty plea was accompanied by a staggering $4.3 billion fine and penalties, marking US authorities’ largest financial penalty ever imposed on a money […]

US prosecutors seek stricter bail conditions for Binance founder Changpeng Zhao

Zhao

Amidst the impending sentencing of Binance founder Changpeng Zhao for violating federal anti-money laundering laws, US prosecutors have petitioned the court for enhanced bail conditions.  The move comes as Zhao awaits sentencing in April following his guilty plea in late November for failing to uphold an effective anti-money laundering program, as per court documents. Changpeng […]

Binance agrees to historic $4.3 billion plea agreement in U.S. court

Binance

In a significant development, Binance Holdings Ltd., the world’s largest cryptocurrency exchange, has been approved to settle its legal proceedings in the United States with a landmark plea agreement.  The agreement, sanctioned by US District Judge Richard Jones, sees Binance accepting full responsibility for anti-money laundering infractions, concluding a prolonged investigation by the Department of […]

Binance founder’s fate hangs in the balance amid legal turmoil

binance

In a groundbreaking development, cryptocurrency exchange Binance has pleaded guilty to criminal charges and agreed to pay a staggering $4.3 billion in fines and penalties. Richard Jones, the federal judge overseeing the case, accepted the guilty plea late Friday, marking the largest settlement in the history of federal financial prosecutions. Federal prosecutors revealed that the […]

Breaking News: US Judge approves Binance’s $4.3B fine in plea deal

Binance

Binance Holdings Ltd., one of the world’s largest crypto exchanges, finds itself at the center of a landmark legal settlement in the United States. Recently, a federal judge has approved a plea deal that imposes a staggering $4.3 billion payment on Binance, marking one of the largest criminal penalties ever levied in the U.S. crypto […]

Binance Elevates Trading Experience: Introduces New Pairs and Enhances Trading Bots Services

Binance Elevates Trading Experience: Introduces New Pairs and Enhances Trading Bots Services

Binance, the globally recognized cryptocurrency exchange, is set to enhance the trading experience for its users through the introduction of new trading pairs and an expansion of its Trading Bots services. Effective February 23, 2024, the strategic update aims to broaden the spectrum of trading opportunities available on Binance Spot, facilitating a more diversified and […]

BNB’s bullish trend persists, buoyed by Binance’s strategy

BNB

Binance Coin (BNB), the native token of the Binance cryptocurrency exchange, has experienced a remarkable surge of over 7% within the past 24 hours. This surge in price comes in the wake of an announcement made by Binance regarding the burning of significant amounts of BUSD and TUSD B-tokens, with corresponding releases of tokens used […]

Binance Futures Introduces MAVIAUSDT with 50x Leverage

Binance Futures Introduces MAVIAUSDT with 50x Leverage

Binance Futures, a leading platform for cryptocurrency futures trading, is set to expand its extensive array of trading instruments by introducing the USDⓈ-M MAVIA Perpetual Contract. This new offering, which will be available from February 21, 2024, is part of Binance’s ongoing efforts to diversify its portfolio and enhance the trading experience for its users.  […]

DOJ seeks order to shield info in CZ Binance case

CZ

In a significant development in the legal proceedings against former Binance CEO Changpeng Zhao, the United States Department of Justice (DOJ) has submitted a request for a protective order to the court. This request, filed on February 20, aims to safeguard sensitive information involved in the lawsuit against Zhao, widely known as CZ. The motion […]

Binance Welcomes PIXEL: Expanding Trading and Investment Opportunities

Binance Welcomes PIXEL: Expanding Trading and Investment Opportunities

Binance, the leading global cryptocurrency exchange, is thrilled to announce the inclusion of Pixels (PIXEL) into its diverse range of services. The strategic expansion incorporates PIXEL into Binance Simple Earn, and Binance Convert, as well as upcoming integrations with Binance Margin, Binance Futures, and Binance Auto-Invest.  These enhancements are designed to provide Binance users with […]

Binance Phases Out Leveraged Tokens: Key Dates and Transition Plan

Binance Phases Out Leveraged Tokens: Key Dates and Transition Plan

Binance, the global leader in cryptocurrency trading, has made a pivotal announcement that will reshape its product offerings and impact its vast user base. By April 2024, Binance will officially cease support for Binance Leveraged Tokens (BLT), a decision driven by its commitment to prioritizing services that offer the highest value and meet the competitive […]

Binance to list ORDI perpetual contract: Boosting trading options

Binance

Binance, one of the leading cryptocurrency exchanges, has announced the forthcoming listing of the ORDI perpetual contract on its Futures platform. Scheduled to debut on February 22, 07:00 (UTC), the ORDI perpetual contract will be USDC-margined, offering traders up to 75x leverage. This strategic move by Binance aims to expand its offerings and cater to […]

US prosecutors urge court to approve $4.3B Binance plea deal

Binance

In a significant development in the financial and legal landscape, US prosecutors have recently urged a federal judge to finalize the plea agreement involving Binance, the world’s largest cryptocurrency exchange, and its former CEO, Changpeng Zhao (CZ). This plea deal comes in the wake of admissions made by Binance and CZ in November 2023, acknowledging […]

Binance launches futures ultimate challenge with Tesla prizes

Binance launches futures ultimate challenge with Tesla prizes

With a historic announcement, Binance Futures—renowned for its supremacy and liquidity in the crypto derivatives sphere—has just raised the stakes, thrilling crypto aficionados and traders alike. The Futures Ultimate Challenge, as it’s aptly named, is not your run-of-the-mill trading contest. This four-week marathon of skill, prediction, and a bit of good old-fashioned luck offers participants […]

Binance settlement monitoring: Sullivan & Cromwell takes the lead

Binance

In the aftermath of Binance Holdings Ltd.’s historic $4.3 billion settlement with US authorities, Sullivan & Cromwell, a prominent law firm based in New York, is poised to take on the role of independent monitor. This appointment follows intense scrutiny surrounding Binance’s compliance with anti-money laundering (AML) and sanctions regulations. Sources familiar with the matter […]

Strengthening Global Cybersecurity: Binance’s Commitment to Law Enforcement Training

Strengthening Global Cybersecurity: Binance's Commitment to Law Enforcement Training

In an increasingly digitized world, where the boundaries of law and technology often intersect, Binance, the world’s leading cryptocurrency exchange, has taken a proactive stance in bolstering global cybersecurity. On February 9, 2024, the company unveiled its latest contribution to the effort: a virtual law enforcement training session delivered to officers from the International Criminal […]

Binance anticipates Saudi Arabia’s crypto regulation this year

Binance anticipates Saudi Arabia's crypto regulation this year

The landscape of cryptocurrency in Saudi Arabia is on the brink of a seismic shift, and Binance, the colossus of crypto exchanges, is at the forefront, eyeing the kingdom’s regulatory horizon with a blend of eagerness and optimism. With Bandar AlTunisi, the head honcho of Binance’s developmental endeavors in Saudi Arabia, hinting at a near-future […]

Binance delists Monero (XMR) amid regulatory concerns

Binance

In a move that sent shockwaves through the cryptocurrency community, Binance, one of the leading crypto exchanges, announced the delisting of Monero (XMR), a popular privacy-focused coin. Shortly after Treasury Secretary Janet Yellen’s call for cryptocurrency regulations, the decision sparked widespread speculation and criticism. Reasons for delisting and market impact The main reason for delisting […]

Binance Announces Inclusion of Dymension (DYM) in its Trading Portfolio

Binance Announces Inclusion of Dymension (DYM) in its Trading Portfolio

In a recent development that has intrigued the cryptocurrency community, Binance, a leading digital asset exchange, has made a significant announcement regarding the listing of Dymension (DYM) on its platform.  As per the official statement released on February 6, 2024, Binance is set to open trading for Dymension (DYM) with multiple trading pairs from 15:00 […]

Binance enhances security with new anti-corruption measures

Binance

Binance Co-founder He Yi unveiled a comprehensive set of policy reforms to enhance the integrity and transparency of the world’s leading cryptocurrency exchange. Among the key initiatives is establishing a reward program, offering up to $5 million for information leading to identifying and prosecuting insider trading and corruption within the company. Strengthening internal controls He […]

Crypto exchange Binance launches $5M bounty to root out corruption among staff

Binance

Cryptocurrency exchange Binance has initiated a substantial $5 million bounty program to uncover potential corrupt staff members following allegations of misconduct related to its token listing process. This move comes in response to recent accusations that suggested leaks and insider trading might be impacting the fairness of token listings on the platform. Binance Co-Founder addresses […]

Binance to Delist Tokens: ANT, MULTI, VAI, and XMR on February 20

Binance

Binance, one of the world’s leading cryptocurrency exchanges, has announced the delisting of four tokens: Aragon (ANT), Multichain (MULTI), Vai (VAI), and Monero (XMR). The decision comes as part of Binance’s routine review process, ensuring that listed digital assets meet stringent standards. Delisting date set On February 20, 2024, at 03:00 (UTC), Binance will delist […]

Ronin token price shows resilience despite Binance listing woes

Ronin

The Ronin token (RON) has demonstrated remarkable resilience in the face of recent challenges, maintaining its value despite a turbulent start to its listing on the Binance cryptocurrency exchange. Despite initial volatility, the token’s price has remained steady, showcasing its potential strength within the gaming blockchain ecosystem. Binance listing and price volatility Following its listing […]

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