Tag: Binance

Binance to launch Africa crypto awareness tour as adoption ramps up

With a 1,200% increase in received crypto volume between 2020 and 2021, the accelerated adoption of digital assets in Africa has captured the attention of multiple companies and organizations looking to take part in this growing market. Set to take place in June, the Blockchain and Cryptocurrency Awareness Tour (BCAT) is a Binance-powered ongoing awareness campaign that has been spreading knowledge and trying to cultivate a strong crypto community in Africa. By reaching out to university students, mostly in southeast Nigeria, the campaign hopes to increase crypto adoption among Nigerian youth, the…

LUNA 2 price jumps 90% ahead of big Binance airdrop

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The price of LUNA briefly spiked around 90% overnight to an intraday high of $11.33 ahead of Binance’s airdrop, but has since dropped back to around $8.26 at the time of writing. At current prices, as per CoinGecko data, the increase to $8.26 represents a 35% gain over the past 24 hours. Overall, however, the price has tanked 56% since launching on the weekend at an opening price of $18.87. Members of the community posted screenshots of the price jumping as high as $12 on the MEXC Global exchange, with…

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Binance gets approval to operate in Italy, will open office in Milan

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One of the world’s biggest cryptocurrency exchanges, Binance, strengthened its European presence by obtaining registration and regulatory approval in Italy. A Binance company had previously registered to operate in France at the beginning of May.  On May 27, the exchange’s official blog reported that Binance Italy has received regulatory approval in the country through registration as a Cryptocurrency Service Provider with Organismo Agenti e Mediatori (OAM), as required by Italian legislation. The registration allows Binance to offer crypto products to its customers in Italy in compliance with local regulations, open…

Binance Obtains Regulatory Approval to Offer Crypto Products in Italy – Regulation Bitcoin News

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Crypto exchange Binance has received regulatory approval from Italy’s financial regulator to operate as a cryptocurrency service provider in the country. “Clear and effective regulation is essential for mainstream adoption of cryptocurrencies,” said Binance CEO Changpeng Zhao. Binance Now Licensed in Italy Binance announced Friday that Binance Italy “has received regulatory approval” through registration as a Cryptocurrency Service Provider with the Organismo Agenti e Mediatori (OAM), as required by the Italian legislation on crypto assets. The announcement states: The registration of Binance Italy … allows the company to offer crypto…

Crypto Exchange Binance To Tighten KYC Controls and Sanctions Enforcement With New Tech Partnerships

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Global crypto exchange Binance is announcing new partnerships with tech companies to shore up its know-your-customer (KYC) controls and enforcement of sanctions. According to a new press release, Binance is teaming up with data analytics and security company Kharon and screening provider Neterium to prevent illegal activities by bad actors and sanctioned entities. “Through this partnership, Binance will utilize Kharon’s industry-leading data and analytic platform in order to enhance its sanctions screening and broader KYC controls. Kharon’s data will be delivered into Binance’s transaction screening environment in partnership with Neterium.…

Dvision Network Announces Binance Custody as Its Custodian With DVI Token Supported – Press release Bitcoin News

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press release PRESS RELEASE. In another groundbreaking achievement, the blockchain-based metaverse platform Dvision Network has just announced its official onboarding on Binance Custody. As such, Binance’s custody services arm will support deposits and withdrawals of Dvision’s native token, DVI, on its platform. The support for DVI token on Binance Custody will be provided in a cross-chain manner, adding support for both ERC-20 and BEP-20 versions of the Dvision’s native token. What is there to know? Through the Binance Custody’s official Twitter account, it has been announced that it is currently…

Binance And Kazakhstan Ink MOU On Crypto, Blockchain Regulation

Binance will aid the Kazakhstani government in its measures to regulate the country’s cryptocurrency market. The biggest cryptocurrency exchange by trading volume, Binance will provide assistance in integrating the local financial infrastructure with the growing digital assets market. Binance announced the signing of a Memorandum of Understanding with Kazakhstan’s Ministry of Digital Development, Innovations, and Aerospace Industry on Thursday. In the MOU, both parties declared an interest in the inclusion and growth of crypto assets. Suggested Reading | Bitcoin Superfan Jack Dorsey Bids Adios To Twitter Board CZ Meets With Kazakhstani President…