Tag: Binance

Binance, Huobi, Bybit and OKX Listed Worldcoin’s WLD Token, Which has Spiked Over 20%

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Binance reportedly accepting voluntary resignations

Binance is reportedly willing to accept voluntary terminations from employees. The offers, sent out recently according to Adam Cochran, a crypto influencer and analyst, allow employees to resign, sign a new non-disclosure agreement (NDA), and receive a severance package of three months’ salary. Binance is ready to accept voluntary resignations It’s unclear why Binance CEO Changpeng Zhao has implemented this option, but reports suggest that employees from different departments can opt for voluntary termination. It is said that those willing to accept these offers were required to leave immediately.  With the crypto…

Binance France audited, holds €1 billion in crypto

Binance France has unveiled its first-ever audited financial statements, following its ability to secure registered status in the country. A recap of the report In adherence to local regulatory and legal mandates, Binance France commits to publishing these audited financial statements annually. The financial statements covering 14 months, beginning with the company’s inception on Nov. 8, 2021, and ending with the financial year ending on Dec. 31, 2022.  The report goes on to share that Binance France holds approximately €1 billion in crypto assets on behalf of its users, specifically catering to…

Binance slashes costs, Ripple ready for US banks and crypto VCs return

boss

The crackdown on crypto firms by the United States Securities and Exchange Commission (SEC) appears to have severely affected Binance’s business. During the past few weeks, the crypto exchange reportedly fired over 1,000 employees and slashed some benefits.  According to Binance, the “current market environment and regulatory climate” have caused a decline in profits, suggesting more cuts may be in the works. A spokesperson told Cointelegraph the firm would consider scaling back on “certain products, business units, staff benefits and policies” in response to business and regulatory concerns. Binance has…

Binance CEO warns of phishing scams as Uniswap founder gets hacked

boss

Binance CEO Changpeng “CZ” Zhao is the latest figure in the cryptocurrency industry to warn against the increasing number of phishing attacks. CZ took to Twitter on July 21 to warn his readers about phishing and other social engineering scams. He also recommended cryptocurrency exchange users rely on hardware devices for two-factor authentication (2FA), instead of using mobile carrier-based 2FA for example. “Best to enable 2FA with a hardware device (Yubikey) on all crypto exchanges,” Binance CEO wrote. Zhao’s warning came shortly after Uniswap founder Hayden Adams had his Twitter…

Liquid staking claims top spot in DeFi: Binance report

boss

Liquid staking is a decentralized finance (DeFi) subsector that lets users earn yield by staking their tokens without losing their liquidity. It has become the biggest DeFi sector in terms of total value locked (TVL), according to crypto exchange Binance’s Half-Year Report 2023.  Within the report, the crypto exchange highlighted that liquid staking had dethroned decentralized exchanges (DEXs) as the top-ranking DeFi category by TVL as of April 2023.  The staking mechanism was a crucial part of staking Ether (ETH) before the Ethereum Shanghai upgrade when users were unable to…

Crypto Exchange Binance Hits Pause on Certain Employee Perks, Cites Decline in Profits: Report

boss

Top global crypto exchange Binance is reportedly eliminating some employee benefits due to a decrease in profits. Anonymous former company employees told the Wall Street Journal that the exchange sent out an email last month announcing it was putting a stop to work-from-home expenses and reimbursements for mobile phones and fitness, among other benefits. The WSJ also viewed a message from Binance’s internal messenger that confirmed those details.  Said the message, “Considering the current market environment and regulatory climate that has unfortunately led to a decline in profit, we have…

Binance cuts ties with the Argentine Football Association 

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance has cut ties with the Argentine Football Association (AFA), citing a breach of contractual agreement. Binance Argentina announced its decision to end the partnership deal with the AFA stems in a tweet on July 17. Despite being given ample opportunities, the AFA fell short of fulfilling its obligations, which conflicted with Binance’s core business values and principles, stated the exchange. The partnership was originally intended to span five years,  making Binance the primary sponsor of…