Tag: Binance

Binance Connect Relaunches, Powering Fiat Currencies and 300 Crypto Options

Binance relaunches Binance Connect as a fiat-to-crypto gateway, streamlining Web3 transactions and driving global digital asset adoption. Binance Connect Relaunches as a Fiat-Crypto Gateway for Web3 Adoption Crypto exchange Binance announced the relaunch of Binance Connect on Friday, unveiling a significantly expanded fiat-to-crypto service formerly known as Bifinity. Initially introduced in 2022 as a standalone […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Crypto Exchange Binance Adds Newly Launched Ethereum (ETH) Layer-2 Altcoin to Trading Roster

boss

Binance, the world’s leading cryptocurrency exchange, is expanding its trading offerings to include a new Ethereum (ETH) layer-2 altcoin. According to the exchange, Scroll (SCR) is now available for spot trading using the pairs of SCR/BTC, SCR/USDT, SCR/FDUSD and SCR/TRY. Binance says its customers can purchase Scroll using VISA, MasterCard, Google Pay, Apple Pay or with their wallet balances. According to Binance, Scroll is a project aiming to solve Ethereum network congestion and reduce its fees. “Scroll is a Layer-2 zkRollup solution using zero knowledge proof technology to scale Ethereum,…

Binance Executive Tigran Gambaryan Has Left Nigeria Following Detention

“The government has reviewed the case and, taken into consideration that the second defendant (Mr. Gambaryan) is an employee of the first defendant (Binance Holdings Limited), whose status in the matter has more impact than the second defendant’s, and also taking into consideration some critical international and diplomatic reasons, the state seeks to discontinue the case against the second defendant,” the EFCC prosecutor stated in court. Source

53% Of Binance Traders Are Shorting Bitcoin – What Does This Mean For Price Action?

boss

Este artículo también está disponible en español. After several weeks of sustained upward momentum, Bitcoin is currently holding above $66,000. The price has recently encountered resistance at the crucial $69,000 level, which is expected to take time and significant liquidity to overcome.  Key data from Binance reveals that more than half of futures traders have shorted BTC in the past few hours, creating a divisive environment for price action. Related Reading The futures market often serves as a barometer for momentum and liquidity, signaling potential shifts in Bitcoin’s price movement.…

Binance Expands Mobile Money Across Africa — 6 More Countries Gain Access

Crypto exchange Binance has expanded its reach in West and Central Africa, integrating mobile money payments for cryptocurrency purchases in six countries. This move supports Binance’s goal to boost financial inclusion and make digital assets more accessible. By offering a secure, user-friendly entry into crypto, Binance aims to empower millions across Africa with greater access […] Source CryptoX Portal

Binance Labs invests in Bitcoin liquid staking project Lombard

boss

Binance’s venture capital and incubation arm has invested in Lombard, the crypto project behind the Bitcoin liquid staking token LBTC. The investment will help Lombard expand LBTC onto new chains. Jacob Phillips, Lombard’s co-founder and head of strategy, said in an announcement that the goal is to grow the decentralized finance landscape on Bitcoin (BTC) by unlocking new opportunities for BTC holders. Lombard launched its liquid staked token in August and is one of the projects looking to bring the benefits of decentralized finance to Bitcoin holders. The platform’s DeFi…

Jailed Binance Employee’s Bail Application Denied Despite Medical Needs

The judge in Abuja denied bail to Tigran Gambaryan, the jailed Binance employee and a U.S. citizen unlawfully detained in Nigeria. Despite meeting all the medical requirements for bail, the judge’s decision contradicts established Nigerian legal precedents. Gambaryan’s health has deteriorated significantly in prison, and he requires medical treatment that the prison cannot provide. His […] Source CryptoX Portal

Binance Executive Tigran Gambaryan Was Denied Bail in Nigeria

During his time in prison Gambaryan has developed malaria, pneumonia and tonsillitis and suffers from complications tied to a herniated disc in his back, which left him in need of a wheelchair – though in a video from his last court appearance, Gambaryan did not have a wheelchair, and instead had to struggle on a single crutch. Source

BNB Chain to Feature at Binance Blockchain Week Dubai 2024

Timothy Morano Oct 11, 2024 02:29 BNB Chain will be a highlight at Binance Blockchain Week Dubai 2024, focusing on accelerating early-stage blockchain projects through the BNB Incubation Alliance. The upcoming Binance Blockchain Week Dubai 2024 is set to feature the BNB Chain, with the BNB Incubation Alliance (BIA) taking center stage. According to the BNB Chain Blog, this event presents a significant opportunity for the Web3 community to collaborate and drive growth in early-stage blockchain projects. Event Details Scheduled for October…

Binance CEO responds to launchpool accusations, discusses crypto scams

During a recent AMA, Binance CEO Richard Teng addressed accusations of misusing Launchpool funds, discussed the HBO documentary on Bitcoin’s creator, and outlined the company’s efforts against crypto scams. During a question-and-answer session on X, Teng addressed allegations of using the company’s balance sheet capital to farm its launchpool, a process meant to benefit the community. He firmly denied these claims, stating that Binance prioritizes user protection and fairness in trading practices. Teng emphasized Binance’s strict internal policies, including firing employees involved in unethical behavior, and reassured users that these…