Binance Helps Btcturk With Hack Investigations — Freezes Over $5.3M in Stolen Funds

Turkish crypto exchange Btcturk has suffered a cyber attack which caused unauthorized withdrawals from the platform. Crypto exchange Binance is assisting Btcturk with investigating the breach and has already frozen over $5.3M in stolen funds, Binance’s CEO has disclosed. Btcturk has reopened deposits and withdrawals for all ERC20 cryptocurrencies on the ERC20 network. Binance Assisting […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Nigeria Rejects Claims Jailed Binance Executive Denied Quality Healthcare

A Nigerian government official has rejected claims that the jailed Binance executive is being denied access to quality healthcare. In an apparent reference to the U.S. calls for Tigran Gambaryan’s release, the official stated that only the court, not the Nigerian government, can authorize such action. Tigran Gambayran’s Detention Court Sanctioned The Nigerian government has […] Source CryptoX Portal

Coinbase, Binance and Other Top Exchanges Roll Out Trading Support for Brand-New ‘Omnichain’ Altcoin

Coinbase, Binance and a host of other top crypto exchanges around the world rolled out immediate trading support for a brand new altcoin native to an “omnichain” project. LayerZero bills itself as an omnichain interoperability protocol. The project aims to move data across blockchains and support “censorship-resistant messages and permissionless development through immutable smart contracts.” On Thursday, the project launched its new native token, ZRO. Binance added support for the asset with a seed tag, and Coinbase assigned the token an experimental label. Both designations alert users to lower liquidity…

WIF Plunges 11% As Whale Deposits Millions To Binance

Memecoins are in red this week as most sectors of the crypto market struggle. Dogwifhat (WIF) has not been the exception.  The memecoin sensation of Q1 saw a significant price drop following the movements of a whale. Recently, an address transferred millions of WIF to a crypto exchange, which ignited speculation about who was behind the transaction. Related Reading 6 Million WIF To Binance On Friday, reports of a massive WIF transfer to Binance hit the crypto community. Per the report, one of the top dogwifhat holders moved millions to…

Indian Authority Fines Crypto Exchange Binance $2.25 Million for AML Violations

India’s Financial Intelligence Unit has fined crypto exchange Binance $2.25 million (₹18.8 crore) for non-compliance with anti-money laundering (AML) regulations. Binance’s return to India is seen as challenging, especially after the government’s tax measures significantly reduced daily trades on some major local crypto exchanges. This fine follows Binance’s global scrutiny and former CEO Changpeng Zhao […] Source

Binance Announces Blockchain Week Dubai 2024 with Discounted Early Bird Tickets

Binance has officially announced the dates for its highly anticipated Binance Blockchain Week Dubai 2024, set to take place from October 30 to October 31 at Dubai’s Coca-Cola Arena. This major event aims to bring together industry leaders, innovators, and enthusiasts to discuss the future of blockchain technology and cryptocurrency. Event Theme and Highlights The theme for this year’s conference is “Momentum.” According to Binance, the theme focuses on how momentum drives the industry forward, overcoming challenges and leading to significant achievements. The discussions will…

Crypto Exchanges Brace for EU’s MiCA Rules: Stablecoins Delisted by Uphold, Binance

This month, several cryptocurrency exchanges are delisting certain stablecoins to align with the European Union’s Markets in Crypto-Assets (MiCA) regulations, which establish more stringent rules for fiat-backed and algorithmic stablecoins in the European Economic Area (EEA). Uphold announced it will delist a selection of stablecoins on July 1, and Binance has recently removed stablecoin funding […] Source

ZkSync (ZK) Drops 20% Amid Binance Listing

ZkSync, the Ethereum Zero-Knowledge Layer-2 scaling solution, has been in the spotlight for its new token. Last week, the project’s announcement of its ZK token airdrop was met with backlash from investors and the crypto community. Related Reading Following the backlash, crypto exchange Binance announced it would list ZK and offered a new distribution program to address users’ concerns. Since its launch, ZK has dropped over 20%. ZkSync’s Airdrop Drama On June 11, ZK Nation announced the upcoming launch and airdrop of zkSync’s token. Over 3.6 billion ZK tokens could…