Tag: Binance

Binance P2P launches three merchant program tiers

Gold, Silver, and Bronze tiers are introduced by Binance to reward verified P2P merchants based on performance. Binance has added a key update to its P2P Merchant Program by introducing three tiers, namely, Bronze, Silver, and Gold. This upgrade is introduced to acknowledge and reward P2P merchants according to their trade volume and performance. Each tier offers unique advantages. Based on their monthly trade performance, newly verified merchants can move up from the Bronze level. Verified traders having a solid trading record are considered bronze merchants. Merchants must reach a trading…

Binance Launches Onchain Yields With Bitcoin Staking

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Binance is doubling down on its commitment to bridging traditional finance and defi with the introduction of Babylon bitcoin staking. Earn Passive Income By Staking Bitcoin on Binance Binance has unveiled its latest offering for decentralized finance (defi) with onchain yields through Babylon bitcoin Staking. The announcement stated that this initiative aims to provide users […] Original

Binance Inflows for 2024 Are Almost 40% Higher Than the Next 10 Exchanges Combined

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The world’s biggest crypto exchange accounts for $21.6 billion in user fund deposits. So far this year, users’ funds inflows to Binance – the world’s largest digital asset exchange by registered users and trading volume – are almost 40% higher than the total of the next 10 crypto exchanges combined, as ranked by DefiLlama. According to the data platform, Binance accounts for $21.6 billion in inflows in 2024 to date, while the next 10 exchanges sum $15.9 billion (36% more). This year, Binance inflows have been supported by heightened global…

Coinbase, Binance Among 16 Crypto Exchange Websites Blocked by Cambodia

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FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together! Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with…

Bitcoin Flows To Binance Hit Historic Lows—Is Market Confidence Soaring?

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Binance Labs announces investment in Astherus

Binance’s venture capital and incubation arm has invested in Astherus, a decentralized finance platform aimed at maximizing real yield for digital assets. Binance Labs announced the investment in the multi-asset liquidity hub on Nov. 28. The capital will enable Astherus to accelerate product development, introduce new yield-generating products, and enhance user experience. This investment will allow the platform to expand its yield strategies and simplify DeFi interactions, providing users with access to sustainable profit opportunities. “Astherus’ approach to enhancing asset utility and real yield aligns with Binance Labs’ commitment to…

‘Memecoins Are Getting A Little Weird’: Binance Founder Advocates For ‘Real’ Blockchain Projects

Memecoins have been the top narrative of this cycle, bringing in millions of dollars in revenue to platforms like Pump.fun and generating massive profits for crypto investors. However, many consider that the frenzy around these tokens has taken a concerning turn as the cycle progressed, with figures like Changpeng Zhao urging for projects with ‘real’ utility. CZ Calls For More Real Blockchain Applications On Tuesday, Binance co-founder and former CEO Changpeng ‘CZ’ Zhao shared his thoughts on the recent evolution of the memecoins, stating that they are “getting a little…

WBTC price flash crashes on Binance below $6k days after Coinbase delisting

The price of Wrapped Bitcoin tanked below $6,000 on Binance just a few days after Coinbase delisted it amid liquidity concerns. Wrapped Bitcoin (WBTC), issued by crypto firm BitGo, lost nearly 95% of its value in under an hour on Binance, crashing from $98,500 to $5,209 before recovering to around $98,000 on Nov. 23. The price of WBTC against USDT | Source: crypto.news The cause of WBTC’s sharp price drop remains unknown, with neither BitGo nor the WBTC team commenting on the flash crash. The incident comes just days after…

Binance Raises Compliance Staff by 34% to Meet Demands of Crypto Industry

Binance expands its compliance team to meet the growing needs of the crypto industry and its user base. Compliance Remains Vital for Binance By the end of the year, Binance, one of the world’s largest cryptocurrency exchanges, plans to have 645 full-time compliance staff members—a 34% increase from November 2023—as it continues to expand its […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Binance Boosts Compliance Staff by 34% Year-Over-Year, Citing Industry’s ‘Rapid Maturation’

Though Teng’s short tenure as CEO has certainly accelerated Binance’s compliance efforts, the exchange began making an effort to be more compliant with regulators well before Zhao stepped down in November 2023. Tigran Gambaryan, Binance’s head of financial crime compliance, left the Internal Revenue Service (IRS) in 2021 to join the exchange. Noah Perlman, Binance’s chief compliance officer, started in January 2023. In 2023, Binance increased its compliance spend by 36%. Source