Category: Binance
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Binance CEO Richard Teng Predicts Bitcoin Surpassing $80,000 By 2024
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The cryptocurrency market has been full of expectations and speculation, which is what industry leaders like Binance CEO Richard Teng Providing their Bitcoin insights and predictions on the future path of the digital asset. In a recent development, Teng made a bold prediction for the world’s largest cryptocurrency Binance, Bitcoin…
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Binance CEO Richard Teng Predicts Bitcoin Surpassing $80,000 By 2024
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The cryptocurrency market has been full of expectations and speculation, which is what industry leaders like Binance CEO Richard Teng Providing their Bitcoin insights and predictions on the future path of the digital asset. In a recent development, Teng made a bold prediction for the world’s largest cryptocurrency Binance, Bitcoin…
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Unveiling Major Binance Altcoin Listing: ZKSync Takes The Spotlight
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In a move that shocked the cryptocurrency community, the largest cryptocurrency exchange in the world, Binanceannounced the inclusion of the upcoming alternative currency, ZKSync (Zak). This development comes amid a flurry of activity in the decentralized finance (DeFi) space, as the exchange continues to expand its offerings to meet the…
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Unveiling Major Binance Altcoin Listing: ZKSync Takes The Spotlight
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In a move that shocked the cryptocurrency community, the largest cryptocurrency exchange in the world, Binanceannounced the inclusion of the upcoming alternative currency, ZKSync (Zak). This development comes amid a flurry of activity in the decentralized finance (DeFi) space, as the exchange continues to expand its offerings to meet the…
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Nigeria Drops Tax Evasion Charges Against Binance Executives
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Events in the Nigeria-Binance saga continue to unfold. This time, the country dropped tax charges against the stock exchange executives. according to tweet By Nigerian journalist Alexander Onukwe Nigeria’s Federal Inland Revenue Service (FIRS) has withdrawn tax evasion charges against Tigran Gambaryan, Head of Financial Crimes Compliance at Binance, and…
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64% Of BNB Belongs To Former Binance Boss
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Changpeng Zhao (CZ), the former CEO of Binance, a leading cryptocurrency exchange, is currently serving a four-month prison sentence for violating anti-money laundering regulations. Despite his imprisonment, Czechoslovakia’s control over Binance Coin (BNB), the platform’s native token, remains strong. According to a hadith forbes report, CZ holds a staggering 64%…
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64% Of BNB Belongs To Former Binance Boss
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Changpeng Zhao (CZ), the former CEO of Binance, a leading cryptocurrency exchange, is currently serving a four-month prison sentence for violating anti-money laundering regulations. Despite his imprisonment, Czechoslovakia’s control over Binance Coin (BNB), the platform’s native token, remains strong. According to a hadith forbes report, CZ holds a staggering 64%…
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Binance Leaders Off the Hook in Nigeria Tax Evasion Case after Legal Shuffle
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Today (Friday), Nigeria dropped tax evasion charges against two Binance executives after a local representative was appointed by the cryptocurrency exchange to handle the legal proceedings. Tigran Gambaryan, a US citizen and head of financial crimes compliance, and Nadeem Angarwala, the British-Kenyan regional director for Africa, have denied the accusations.…
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Former Binance CEO CZ reportedly owns 64% of BNB supply
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Forbes claims that former Binance CEO Changpeng Zhao is the 24th richest person in the world due to his ownership of the BNB token. Zhao reportedly owns 64% of the circulating supply of Binance’s BNB token. At current prices, the 94 million coins that Zhao is said to control are…
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Memereum Surpasses 21 Million Tokens Sold in Presale, Pioneers Blockchain-Based Insurance on Binance Smart Chain
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(Press release – City of Monaco, Monaco, June 10, 2024) Memeriuma flagship token of the Binance Smart Chain, is excited to highlight the ongoing pre-sale success of its innovative services. Designed to offer the first blockchain-based insurance, Memereum has positioned itself as a potential 100x investment opportunity in the crypto…
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Nigerian minister defends trial of detained Binance exec amid US lawmakers’ outcry
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Following calls from US lawmakers urging President Joe Biden to repatriate detained Binance executive Tigran Gambaryan, Nigeria’s Information Minister Mohamed Idris has responded. according to Idris’s statementGambaryan’s trial adhered to all due process at all stages. The minister added, “Prosecutors are confident in their case based on the evidence collected.”…
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Nigerian minister defends trial of detained Binance exec amid US lawmakers’ outcry
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Following calls from US lawmakers urging President Joe Biden to repatriate detained Binance executive Tigran Gambaryan, Nigeria’s Information Minister Mohamed Idris has responded. according to Idris’s statementGambaryan’s trial adhered to all due process at all stages. The minister added, “Prosecutors are confident in their case based on the evidence collected.”…
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US Lawmakers Urge Biden to Secure Release of Detained Binance Exec in Nigeria
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A group of US lawmakers have called on President Joe Biden to intervene in the detention of Tigran Gambaryan, a high-ranking Binance executive, who has been held by Nigerian authorities for nearly three months. The appeal, led by House Foreign Affairs Committee Chairman Michael McCaul (R-Texas) and supported by 11…
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Binance Counters $13 Billion Lawsuit: Pursues Size Reduction In UK Legal Showdown
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In a recent development, cryptocurrency exchange Binance has moved to dismiss the majority of a £10 billion ($12.8 billion) lawsuit filed in London, mentioned By Reuters. The lawsuit, which is being heard at the Competition Appeal Tribunal (CAT), accuses Binance and other exchanges of conspiring to “delist” cryptocurrency Bitcoin Satoshi…
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Binance Counters $13 Billion Lawsuit: Pursues Size Reduction In UK Legal Showdown
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In a recent development, cryptocurrency exchange Binance has moved to dismiss the majority of a £10 billion ($12.8 billion) lawsuit filed in London, mentioned By Reuters. The lawsuit, which is being heard at the Competition Appeal Tribunal (CAT), accuses Binance and other exchanges of conspiring to “delist” cryptocurrency Bitcoin Satoshi…
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Crypto Scam Of $1 Million In Binance
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Source: cryptodaily.co.uk The world of cryptocurrencies is no stranger to cryptocurrency scams and exploitation, and the latest incident to rock the industry is the case of a Chinese trader who lost a staggering $1 million of his money. Binance Account caused by a malicious plug-in in Google Chrome. This cautionary…
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Binance Denies Responsibility For $1M Crypto Hack
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The cryptocurrency space has long been plagued by security breaches and hacking incidents, and users often bear the brunt of these unfortunate events. In one recent high-profile case, a Binance user reported losing nearly $1 million from his account due to a suspected security breach. but, Binance The co-founder, Yi…
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Binance doesn’t see a clear roadmap for getting exec out of Nigeria
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Noah Perlman, Chief Compliance Officer at Binance, discussed the latest developments in the legal battle involving Nigeria and Binance CEO Tigran Gambaryan. Perelman commented on the ongoing saga involving two Binance executives and the Nigerian government without giving much hope of a resolution anytime soon. “We don’t really see a…
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MiCA Regulations Force Binance to Overhaul Stablecoin Services
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As of June 30, 2024, the European Economic Area (EEA) will impose new regulations within the Markets for Crypto Assets (MiCA) framework, specifically targeting stablecoins. Binance, one of the world’s largest cryptocurrency exchanges, plans to roll out sweeping changes to ensure compliance, affecting everything from trading to rewards. Only regulated…
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Binance France 100% Ownership Transfer
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Binance France In a strategic step to align its operations with evolving regulatory frameworks, Binance France, the European arm of the global cryptocurrency exchange, has recently undergone a major ownership restructuring. This pivot is a direct response to AMF France’s warning about the legal challenges faced by Binance’s former CEO,…