Tag: Binance

$1,505,416,204 in Bitcoin (BTC) Flows Into Binance Crypto Exchange in Just 30 Days: On-Chain Data

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Over $1.5 billion worth of Bitcoin (BTC) has flowed into the world’s largest crypto exchange platform by volume in the last 30 days. New on-chain data from market intelligence platform Coinglass reveals that Binance currently holds 588,129 Bitcoin at time of writing, 51,386 of which came in just this month. Coinglass further finds that 22,590 of the BTC came in during the last seven days while nearly 5,000 tokens came in during the last 24 hours. Other prominent crypto exchange platforms that saw significant BTC movement during the last month…

Google bullish on blockchain, UK’s $125M AI pledge, Voyager and Binance

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At the intersection of tech and cryptocurrency news, the Google for Startups Cloud Program has expanded to include 11 blockchain firms. Together, the entities will provide grants, expertise and services to emerging Web3 entrepreneurs. Meanwhile, the United Kingdom government has allocated $125 million in funding for a task force aimed at accelerating the country’s artificial intelligence (AI) readiness. The task force will focus on ensuring sovereign capabilities, such as public services, and fostering the adoption of safe and reliable AI foundation models. In other headlines, troubled cryptocurrency exchange FTX is set…

Binance to reenter Japan via acquired regulated exchange SEBC

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Crypto exchange Binance is set to reenter Japan after acquiring the regulated crypto exchange platform Sakura Exchange Bitcoin (SEBC). Binance acquired the exchange — a Japan Financial Services Agency-licensed business — in November 2022, intending to reenter the Japanese crypto market. According to a report published in a local daily, SEBC would terminate its current crypto exchange and brokerage services by May 31 and reopen as Binance Japan after June 2023. The SEBC notice didn’t announce any official launch date. Users of the SEBC exchange must withdraw their funds before the deadline…

Binance to re-enter Japan via acquired regulated exchange SEBC

Crypto exchange Binance is set to re-enter Japan after acquiring the regulated crypto exchange platform Sakura Exchange Bitcoin (SEBC). Binance acquired the exchange — a Japan Financial Services Agency-licensed business — in November 2022, intending to re-enter the Japanese crypto market. According to a report published in a local daily, SEBC would terminate its current crypto exchange and brokerage services by May 31 and reopen as Binance Japan after June 2023. The SEBC notice didn’t announce any official launch date. Users of the SEBC exchange must withdraw their funds before the deadline…

Bitcoin sell-off next? Binance BTC balance shoots up $1.5B in one month

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Bitcoin (BTC) traders may be gearing up for a sell-off as data shows tens of thousands of coins moving to exchanges. The latest figures from on-chain monitoring resource Coinglass confirm that global trading volume leader Binance’s BTC balance rose by over 50,000 BTC ($1.5 billion) in the past 30 days. Binance takes lion’s share of exchange BTC balance increase With BTC/USD setting multi-month highs regularly since mid-March, the temptation to sell for both long-term (LTHs) and short-term holders (STHs) has no doubt increased. As Cointelegraph reported, actual selling pressure has…

Crypto Exchange Binance Has Ousted North Koreans, Senior Official Says

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“We kicked their ass enough that they’re actually able to recognize that Binance was not the place for them,” said Tigran Gambaryan, head of financial crime compliance at the largest crypto exchange by trading volume. “Binance has been fairly successful … whether it’s about how they circumvent controls or identifying the different entities or types of identification that they try to spoof.” Source

Binance CEO CZ Is on Bloomberg’s ‘New Finance Rich List’

While Bloomberg says the Binance head is worth $28.2 billion, Forbes says Zhao’s net worth as of April 27 is $10.5 billion. According to Bloomberg, Binance CEO Changpeng Zhao, also called CZ, is one of the “25 financial titans” that amassed their wealth through the business of lending, trading, or investing money. The report explains that computer-driven trading companies are the backers of the new generation of ultrarich, to which the Binance chief belongs. Binance CEO CZ Makes New Finance Rich List Bloomberg stated that CZ is worth $28.2 billion,…

Binance Reportedly Removes Restrictions on Russian Users – Exchanges Bitcoin News

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The world’s largest crypto exchange, Binance, has lifted certain restrictions on Russian users, local crypto media unveiled. According to multiple reports, Russians can once again use their bank cards to make deposits and the trading platform has canceled a limit on their balances which was introduced in compliance with European sanctions. Russian Cards, Including Visa and Mastercard, Used to Load Binance Accounts Holders of Russian bank cards can now deposit money to Binance, the global leader among cryptocurrency exchanges. According to the Russian news outlet Kod Durova, deposits can be…

‘No Immediate Path Forward’ in Binance Legal Battle

Now, CFTC is seeking a permanent trading and registration ban on Binance because the exchange supposedly lacks control over possible illicit transactions. The legal saga around crypto exchange Binance and its CEO Changpeng Zhao (CZ) continues as Commodity Futures Trading Commission (CFTC) is now in talks with the exchange, hoping to find a “path forward” in the battle that started last month. Back in March, the regulator filed a complaint against Binance, its co-founder Changpeng Zhao, and its former chief compliance officer Samuel Lim, accusing them of soliciting users in the US to…