The Justice Department has designated Forensic Risk Alliance (FRA) as the external monitor for Binance Holdings Ltd. This decision comes in the wake of Binance’s acknowledgment of breaching U.S. anti-money laundering regulations and sanctions. Bloomberg’s Ava Benny-Morison and Chris Strohm were the first to report this development. Known for its expertise in fraud investigations and […] Source CryptoX Portal
Cryptocurrency exchanges Binance and Kucoin have successfully registered with India’s Financial Intelligence Unit as Virtual Asset Service Providers (VASPs), a top official has reportedly confirmed. Both crypto exchanges were previously banned in India due to violations of the country’s anti-money laundering regulations. Kucoin and Binance Registered With FIU India The Financial Intelligence Unit – India […] Source
Top global crypto exchange Binance plans to launch trading support for a new altcoin connected to a viral game on the encrypted messaging platform Telegram. Binance plans to roll out support for NOT, a community token for the popular Telegram-based tap-to-earn mining game Notcoin, via its Launchpool platform, which lets users stake coins to farm new assets. Between May 13th and 16th, Binance users can stake BNB, the crypto exchange platform’s native asset, as well as the stablecoin First Digital USD (FDUSD) into separate pools to farm NOT tokens. The…
The Department of Justice (DOJ) has chosen a London-based consulting firm for a coveted three-year monitorship of Binance, according to a Friday report from Bloomberg citing anonymous sources. Source
The Nigerian government has dismissed allegations from Binance CEO Richard Teng that representatives of the cryptocurrency exchange were solicited for a $150 million bribe by members of the House Committee on Financial Crimes (HCFC). A special assistant to the Nigerian Information Minister characterized Teng’s bribery claim as part of a coordinated international campaign by Binance […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Binance token and Dogecoin dominance could come to an end amid recent price uncertainty. Investors are looking for promising alternatives such as Rollblock Trending crypto coins like Binance (BNB) and Dogecoin (DOGE) have enjoyed their reigns in their respective niches, with both still maintaining a solid position among the top 10 ranked crypto coins by market cap. However, following a month-long of uncertainty, both cryptocurrencies have struggled to keep…
FINTRAC also said that, between June 1, 2021 and July 19, 2023 Binance failed to report 5,902 crypto transactions bigger than $10,000 and their attached know-your-customer (KYC) information to the regulator. The agency discovered the violations using blockchain explorer tools. Source BitcoincryptoexchangeExchanges CryptoX Portal
The Binance investigators submitted a report alleging DWF had manipulated the price of several tokens on the back of $300 million of wash trades in 2023, but Binance deemed there was insufficient evidence of market abuse, the WSJ said. A week after the report’s submission, the head of the team was fired, according to the newspaper. Source
In the world of cryptocurrencies, the allure of obtaining digital assets at no cost is a powerful draw. Airdrops, a concept as intriguing as it sounds, serve as one of the primary methods through which crypto projects distribute their tokens freely to a broad audience. These events not only enrich individual portfolios but also enhance the token’s distribution and visibility across the market. However, as the crypto landscape evolves, so too do the methods of engaging users and distributing tokens. Enter Binance Megadrop, an innovative approach pioneered by one of…