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Tag: Binance
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Binance to Launch New Cryptocurrency Exchange in Thailand After Thai SEC Filed Criminal Complaint – Bitcoin News
Crypto exchange Binance is launching a new exchange in Thailand after the country’s Securities and Exchange Commission (SEC) filed a complaint against the company for operating without a license. Binance has now signed an agreement with Gulf Energy Development, a Thai public company, to establish a crypto exchange in Thailand. Binance and Gulf Energy to Establish a Crypto Exchange in Thailand Gulf Energy Development, a Thai public company, notified the Stock Exchange of Thailand (SET) Monday that its wholly owned subsidiary Gulf Innova has entered into a Memorandum of Understanding…
Here’s why Binance Coin is 33% down from its all-time high
Binance Coin (BNB) holders enjoyed a 1,760% rally from $37 to $692 between January and May 2021, but as is customary in crypto, this surge was followed by a 69% correction two weeks later. From there, it’s been a bit of a rough patch to regain investors’ confidence and BNB failed to produce another all-time high in November even though the aggregate cryptocurrency market capitalization peaked at $3 trillion. Binance Coin / USDT at Binance. Source: TradingView In addition to being 33% down from its all-time high, BNB investors have…
NCFTA onboards crypto exchange Binance to fight against cybercrime
The National Cyber-Forensics and Training Alliance (NCFTA), an American non-profit, onboarded its first crypto firm Binance to aid their ongoing battle against cybercrimes. Founded in 2002, the NCFTA partners with law enforcement and various business and academic entities to source threat intelligence to identify and mitigate cybercrime threats. By partnering with Binance, the world’s biggest crypto exchange in terms of trading volume, the NCFTA aims to tackle international cybersecurity investigations. According to Binance’s VP of Global Intelligence and Investigations, Tigran Gambaryan, the exchange aims to be the leading contributor in…
Gulf team up with Binance aiming to develop on Thai Crypto Exchange
Gulf Energy Development Plc, one of Thai’s leading energy companies, revealed that they have set up a team to work with Binance planning to study the possibility to process a digital asset exchange in Thailand. According to the statement, the Bangkok-based firm had already signed the memorandum of understanding (MoU) with Binance on Monday (17 January) in order to jointly study and formulate a business development plan for Digital Asset Exchange and related businesses in the industry Thailand. Yupapin Wangviwat, Chief Financial Officer (CFO) of Gulf, said the team was…
Binance Destroys 1.6M BNB Tokens in First-Ever Auto Burn
Cryptocurrency exchange Binance implemented its first-ever binance token (BNB) auto-burn program last quarter, removing over 1.6 million BNB tokens worth $750 million from circulation. Under the new program, the number of tokens to be burned is arrived at using a formula based on the total number of blocks produced on the Binance Smart Chain, a programmable blockchain powering smart contracts and running parallel to Binance Chain, and BNB’s average dollar-denominated price during the quarter. The move away from the previous token burn methodology, which was based on revenue generated from…
Binance eyes Thailand for latest crypto exchange expansion
Binance is looking to re-establish crypto exchange services and possibly open a new branch in Thailand after signing an agreement with Gulf Energy Development PCL. Gulf Energy Development PCL is a Thai holding company run by billionaire Sarath Ratanavadi that focuses on the energy sector. Gulf Energy reportedly made the agreement with the world’s largest crypto exchange based on the strong assumption that Thailand’s digital economy infrastructure will see “rapid growth” in the next few years. The cooperative efforts between Gulf Energy, Binance, and the Thai government will be focused…
Binance to Set Up Crypto Exchange With Thailand's Gulf Energy Development
Binance has agreed to set up a cryptocurrency exchange with Thailand’s Gulf Energy Development. Gulf Energy Development, a publicly traded holding firm, informed the Thai Stock Exchange Monday that its subsidiary Gulf Innova is to study developing a digital asset exchange with Binance. Gulf Energy Development says it foresees “rapid growth in digital infrastructure” in the country, in which crypto will play a “prominent role” in meeting the demands of the Thai people. “Our goal is to work with government, regulators and innovative companies to develop the crypto and blockchain…
Binance CEO’s net worth hits $96B, Jack Dorsey launches BTC defense fund, Bill Miller apes into Bitcoin: Hodler’s Digest, Jan 9-15
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Binance CEO CZ is the richest crypto billionaire at $96B: Bloomberg Bloomberg has estimated Binance CEO Changpeng Zhao — also known as “CZ”— to be the 11th-richest person in the world at a net worth of around $96 billion, making him the wealthiest billionaire in…