Tag: Binance

Binance Becomes Main Sponsor of Argentinian Soccer Association – Bitcoin News

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Cryptocurrency exchange Binance has signed a partnership agreement with the Argentinian Soccer Association (AFA), one of the biggest soccer federations in the world, to become its main sponsor. With this deal, Binance will become the main sponsor of all the Argentinian national soccer teams for the next five years and will issue a new fan token. The AFA has previously issued such an asset in partnership with Socios, another fan token platform. Binance Inks Sponsorship Deal With Argentinian Soccer Association Binance, one of the leading cryptocurrency exchanges by…

Binance to Sponsor Argentina’s National Soccer Team, Professional ​​League

Binance will become the main sponsor of Argentina’s powerhouse national soccer team and the naming sponsor of its national soccer league for five years, the crypto exchange announced on Monday. The company said that it had signed an agreement with the Argentine Football Association (AFA), the governing body of Argentine soccer. It is the first deal Binance has closed with a national soccer team worldwide, the company said Monday in a statement. Argentina is a two-time world champion and boasts arguably soccer’s best player, Lionel Messi, and one of its…

Fantom Surpasses Binance Smart Chain as the Third-Largest Defi Blockchain – Defi Bitcoin News

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The total value locked (TVL) in decentralized finance (defi) protocols has lost ​​6.8% during the last 24 hours as crypto markets have experienced more losses. However, the Fantom blockchain has seen a TVL increase, jumping 46.62% over the last week. Fantom has managed to knock Binance Smart Chain (BSC) down a notch, as it now holds the third-largest share in the world of defi. Fantom’s Total Value Locked in Decentralized Finance Jumps 46% in 7 Days The defi and smart chain blockchain project Fantom has officially surpassed BSC in terms…

Binance Becomes the Blockchain and Cryptocurrency Industry’s First to Join the National Cyber-Forensics and Training Alliance (NCFTA) – Sponsored Bitcoin News

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sponsored Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, today announced that it has joined the National Cyber-Forensics and Training Alliance (NCFTA), a nonprofit corporation focused on identifying, validating, mitigating, and neutralizing cybercrime threats. Binance is the first organization from the blockchain and cryptocurrency industry to formally join the alliance. The NCFTA was established in 2002 to enable the responsible sharing of information and subject matter expertise with partners from private sector industries, law enforcement, and academia. Its goal is to develop and share threat intelligence as part of…

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Executives at Crypto Exchange Binance Allegedly Neglected Compliance Responsibilities: Report

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Top crypto exchange Binance is reportedly maintaining weak know-your-customer (KYC) compliance standards despite warnings from senior figures at the company, according to Reuters. In a new special report, the news service breaks down the exchange’s alleged regulatory shiftiness, zeroing in Binance’s “weak” KYC checks, which are designed to prevent money laundering. The article, based on “dozens of interviews with former senior employees of Binance, advisers and business partners,” as well hundreds of documents, also alleges that Binance has evaded questions about where its main online exchange is based. In July,…

Chainlink (LINK) Competitor Rallies After Earning Support From Top Crypto Exchange Binance

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An altcoin powering a protocol to improve traditional application programming interface (API) technology for the Web 3.0 economy is buzzing after a sudden listing by top crypto exchange Binance. In a new blog post, Binance says that the Ethereum token API3 (API3) will be available in the Bitcoin (BTC), Binance USD (BUSD) and Tether (USDT) trading pairs. The native token governs the API3 decentralized autonomous organization (DAO) and can also be added to the protocol’s insurance staking pool to earn rewards. API3 is a decentralized oracle network competing with Chainlink…

Binance was withholding information from regulators, repeatedly shunned own compliance department

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In a report published on Friday, Reuters laid out the findings of its investigation into the regulatory compliance practices of Binance, the world’s largest cryptocurrency exchange by trading volume. The authors suggest the existence of a recurring pattern whereby the company’s CEO Changpeng Zhao, while proclaiming its openness to government oversight, ran an organization that systematically denied regulators’ requests for financial and corporate structure information and shirked proper client background checks. The reported findings are based on the accounts of Binance’s former senior employees and advisers, as well as the…