Tag: Binance

Binance to Sell Entire Russia Business to CommEX

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Binance Academy Notes 62% Increase in Usage Led by Learners from Emerging Markets

The platform’s usage is not limited to individual users but also extends to educational organizations. Global crypto exchange Binance’s open-access blockchain and crypto education platform Binance Academy has reported a 62% increase in the number of users.  According to platform data, from September 2022 to August 2023 there was a marked increase in individuals seeking crypto education. This brings the total number of individuals to use the platform to further their knowledge of blockchain technology and cryptocurrencies since it was founded in 2018 to 39 million.   Top trending topics in…

Binance Japan and MUFG Trust Bank Forge Partnership for New Bank-Backed Stablecoin

This partnership is also a significant stride in the Japanese government’s endeavor to embrace blockchain technology and cryptocurrencies, fostering their broader adoption within the country and beyond. Binance Japan is partnering with Mitsubishi UFJ (MUFG) Trust Bank, a move squarely aligned with the Japanese government’s new Web3 policy. This collaboration aims to birth a new stablecoin, and the chosen platform for its development is the Progmat coin platform, a proprietary asset of MUFG. This platform diligently adheres to the strict Japanese regulations governing the issuance and management of cryptocurrencies. Back…

CZ appoints Binance security team to track Huobi HTX stolen funds

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Hours after the crypto exchange HTX (rebranded from Huobi) reported a hack that resulted in a loss of $8 million, Binance CEO Changpeng “CZ” Zhao offered the help of the exchange’s security team in investigating the attack. Timely intervention is key to tracking down and retrieving stolen cryptocurrencies, as hackers attempt to hide their tracks using mixers or converting the loot to privacy tokens. On Sept. 24, blockchain analytics platform Cyvers identified a hack that drained 5,000 Ether (ETH) from one of HTX’s hot wallets. Red CodeYesterday, our ML-powered system…

Binance Reopens Crypto Exchange Services in Belgium

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Binance has reopened its services in Belgium by resuming its registration for the country’s residents after a suspension for about three months, the crypto exchange giant announced yesterday (Monday). “We are delighted to announce that as of today, new registrations of Belgian residents are welcome on our platform once again,” the tweet from Binance’s Belgian handle stated. “In addition, various Binance products and services are accessible again to Belgian users who have accepted our new Terms of Use.” Great news for our Belgian community 🇧🇪 We’ve now reopened registrations and…

Crypto exchange Binance among firms eyeing new stablecoins in Japan

Crypto exchange Binance is teaming up with Japan’s largest bank, the Mitsubishi UFJ Trust and Banking Corporation (MUTB), to explore the issuance of stablecoins in Japan. On Sept. 25, Binance Japan announced a joint study that aims to see the companies issue yen and other fiat stablecoins to accelerate Web3 adoption in Japan. The pair plan to utilize a platform called “Progmat Coin” which would be a Japanese regulatory-compliant stablecoin issuance and management system. The Japanese bank would be pioneering the development of the “Progmat Coin” platform as infrastructure for…

Crypto exchange Binance reopens exchange services in Belgium

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Crypto exchange Binance has reopened registrations and access to its products and services for its Belgian crypto users again —  three months after the exchange was ordered by Belgium’s finance regulator to cease cryptocurrency-related services. “New registrations of Belgian residents are welcome on our platform once again,” Binance confirmed in a Sept. 25 post on X (formerly Twitter). Binance said various Binance products and services will become accessible again to Belgian users who have accepted the new Terms of Use. Great news for our Belgian community We’ve now reopened registrations…