Category: Binance
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Binance completes registration with India’s financial intel
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Cryptocurrency exchange Binance has registered with India’s Financial Intelligence Unit to comply with the country’s anti-money laundering standards. Binance said on Thursday, August 15, that it has completed its registration with India’s intelligence agency as a reporting entity, marking its 19th regulatory milestone globally. Blog Announcement. The exchange said the…
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Venezuela Bans Binance, X In Crackdown Amid Election Turmoil
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Venezuela, a country in the throes of a political and economic crisis marked by hyperinflation and a depreciating bolivar, has taken drastic measures to restrict access to various internet platforms, including leading cryptocurrency exchange Binance and social media platform X (formerly Twitter). The measures come in the wake of a…
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Binance Labs Invests In Solayer For Solana Restaking
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Image: Binance In a move that underscores its commitment to fostering innovation in the crypto space, Binance Labs, the venture capital and incubation arm of leading cryptocurrency exchange Binance, has announced the launch of It was announced Strategic investment in Solar – A prominent restaking network running on the Solana…
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Binance Labs Invests In Solayer For Solana Restaking
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Image: Binance In a move that underscores its commitment to fostering innovation in the crypto space, Binance Labs, the venture capital and incubation arm of leading cryptocurrency exchange Binance, has announced the launch of It was announced Strategic investment in Solar – A prominent restaking network running on the Solana…
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Binance Faces $86 Million Tax Penalty In India
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Image: milkroad.com In a significant development that has sent shockwaves through the cryptocurrency world, Binance, the world’s largest digital asset exchange, has been hit with a $86 million tax back order from Indian authorities. The landmark move by India’s Directorate General of Goods and Services Tax Intelligence not only highlights…
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Ripple CEO Condemns US SEC For Withdrawal From The Binance Lawsuit, Here’s Why
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In a scathing criticism, Brad Garlinghouse, CEO of financial giant Ripple, publicly declared: convicted The US Securities and Exchange Commission (SEC) has announced a surprise backtrack on its legal battle with Binance, the world’s largest cryptocurrency exchange. In his criticism of the SEC’s strategy, the Ripple CEO accused the regulator…
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Solana, Cardano Dropped As Securities In SEC Binance Update
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The U.S. Securities and Exchange Commission (SEC) has issued an average Binance has filed a complaint against it, bringing very positive news for Solana (SOL) and Cardano (ADA). The amendment includes a crucial change regarding the classification of ten cryptocurrencies, including Solana and Cardano, which were initially classified as securities…
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Binance analysts says ‘worst likely behind’ as Bitcoin trades near $65k
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Analysts at Binance Research say they remain “optimistic” about the market’s outlook, expecting upcoming catalysts to position the market “positively for the rest of the year.” The cryptocurrency industry may have already seen the worst of the year, according to Binance Research analysts, who said in a statement: Friday Report…
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Important Binance Update for July 17th
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Long summary Binance will suspend deposits and withdrawals for about an hour in mid-July, with trading services not affected. The company’s recent delisting of several altcoins has caused significant price drops. We saw a similar pattern when Binance ended services with the popular privacy coin Monero (XMR). Temporary interruption of…
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Central Bank Official Criticizes Binance Operations In Nigeria
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A Nigerian central bank official has said that Binance is operating illegally in multiple ways in the West African country. The development comes amid the ongoing legal proceedings against the prominent cryptocurrency exchange in Nigeria. Central Bank of Nigeria Official: Binance Violated Nigerian Currency Trading Policy In April 2024, the…
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Why Binance gets ready to continue fight with SEC?
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The US arm of cryptocurrency exchange Binance.US is preparing for a new battle with US regulators. Binance.US released Binance.US issued a statement announcing its readiness to continue fighting the US Securities and Exchange Commission (SEC). The platform team stated that the court ruled that the regulator’s case against Binance.US would…
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Bitget eyes Indian FIU registration following Binance
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Bitget, a major cryptocurrency exchange, is working with Indian regulators to secure the necessary licenses to operate in compliance with local laws. On July 3, the company announced that it is in ongoing discussions with India’s Financial Intelligence Unit (FIU) to obtain Virtual Asset Service Provider (VASP) registration. 1/ We…
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Bitget eyes Indian FIU registration following Binance
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Bitget, a major cryptocurrency exchange, is working with Indian regulators to secure the necessary licenses to operate in compliance with local laws. On July 3, the company announced that it is in ongoing discussions with India’s Financial Intelligence Unit (FIU) to obtain Virtual Asset Service Provider (VASP) registration. 1/ We…
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Binance must face bulk of US SEC crypto lawsuit, judge rules By Reuters
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(Reuters) – A federal judge ruled late on Friday that the majority of a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance, the world’s largest cryptocurrency exchange, can proceed. The decision by Judge Amy Berman Jackson of the US District Court for the District of Columbia…
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Shiba Inu Whale Dumps Over 1 Trillion SHIB Tokens To Binance: Impact And Implications
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The cryptocurrency scene has been abuzz with activity lately, and one particular event has captured the attention of the entire community – the transfer of a staggering $1 trillion Shiba Inu (SHIB) Tokens, a popular meme coin, of the world’s largest cryptocurrency exchange, Binance. The massive relocation of a Shiba…
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Shiba Inu Whale Dumps Over 1 Trillion SHIB Tokens To Binance: Impact And Implications
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The cryptocurrency scene has been abuzz with activity lately, and one particular event has captured the attention of the entire community – the transfer of a staggering $1 trillion Shiba Inu (SHIB) Tokens, a popular meme coin, of the world’s largest cryptocurrency exchange, Binance. The massive relocation of a Shiba…
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Shiba Inu Community Proposes SHIB Burn Via Binance And Coinbase
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the Shiba Inu (SHIB), a popular coin and decentralized cryptocurrency on the Ethereum blockchain, has an enthusiastic community that is actively exploring innovative ways to reduce the large circulating supply of the token, with the aim of enhancing the value of the remaining tokens. One such initiative that has gained…
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Shiba Inu Community Proposes SHIB Burn Via Binance And Coinbase
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the Shiba Inu (SHIB), a popular coin and decentralized cryptocurrency on the Ethereum blockchain, has an enthusiastic community that is actively exploring innovative ways to reduce the large circulating supply of the token, with the aim of enhancing the value of the remaining tokens. One such initiative that has gained…