Tag: Binance

Binance Celebrates Bitcoin Pizza Day With Global Pizza Distribution Campaign

In 2010, programmer Laszlo Hanyecz made history by trading 10,000 bitcoins for two pizzas, marking the first documented commercial transaction using the cryptocurrency. Fourteen years later, Binance, the world’s largest cryptocurrency exchange, is commemorating this milestone with a global campaign to distribute over 5,000 pizzas to crypto traders and enthusiasts. Crypto Exchange Binance Plans to […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Litecoin, Binance Coin, Avalanche, and Rollblock

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Litecoin, Binance Coin, Avalanche, and Rollblock show strong potential for significant gains as the cryptocurrency market revitalizes. The cryptocurrency market is revitalizing once more and many altcoins have been demonstrating bullish potentials in the past week. Notably, both Litecoin (LTC) and Avalanche (AVAX) have witnessed noticeable gains while Binance continues its recovery journey back to the $600 plus price mark. Against this backdrop, a new market entrant, Rollblock (RBLK)…

Crypto Exchange Binance Discloses Investment in L2 DEX Protocol Aevo

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The venture capital arm of the world’s largest crypto exchange by trading volume is announcing a new investment in a decentralized exchange (DEX) protocol. According to a new press release, Binance Labs has invested in a layer-2 (L2) DEX called Aevo, a rebrand of Ribbon Finance. Aevo bills itself as a high-performance derivatives DEX platform tailored for futures and perpetual contracts trading. The decentralized finance (DeFi) protocol is built on top of the Ethereum (ETH) layer-2 protocol Optimism’s (OP) OP Stack. It acts as an off-chain order book, with orders settled on-chain on…

Nigeria Court Clears Binance Executive for Exchange Trial

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In a significant legal development, a Nigerian court has determined that Binance executive Tigran Gambaryan can be prosecuted on behalf of the cryptocurrency exchange in an ongoing tax evasion case. The case involves Binance and its executives, including Gambaryan, a U.S. citizen serving as head of financial crimes compliance, and British-Kenyan national Nadeem Anjarwalla, who holds the position of regional manager for Africa. They collectively face four counts of tax evasion and have also been accused of laundering over $35 million and engaging in specialized financial activities without proper licensing.…

Bitcoin Price Linked To Binance Vs Coinbase Battle, Quant Reveals

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A quant has explained how there appears to be a relationship between Coinbase’s spot volume dominance vs. Binance’s and the Bitcoin price. Bitcoin Has Been Reacting To Binance/Coinbase Volume Changes In a CryptoQuant Quicktake post, an analyst discussed the dynamics in the cryptocurrency market that arise out of the battle happening between Binance and Coinbase for spot volume dominance. Related Reading The quant shared a chart below that shows how this war for dominance has played out over the past decade. The spot volume share of the two giant exchanges…

DOJ Appoints Consulting Firm for Three-Year Monitoring Role of Crypto Exchange Binance: Report

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The U.S. Department of Justice (DOJ) has reportedly appointed a London-based consulting firm to serve as an outside monitor for Binance after the world’s largest crypto exchange pleaded guilty to violating US anti-money laundering (AML) regulations and sanctions laws. People familiar with the matter but wanted to remain anonymous say the DOJ has selected Forensic Risk Alliance (FRA) for the three-year monitorship of Binance over the previous frontrunner, New York-based law firm Sullivan & Cromwell, reports Bloomberg. One of the conditions of Binance’s plea deal in November is the appointment…

US Justice Department Chooses FRA Over Sullivan & Cromwell for Binance Oversight

The Justice Department has designated Forensic Risk Alliance (FRA) as the external monitor for Binance Holdings Ltd. This decision comes in the wake of Binance’s acknowledgment of breaching U.S. anti-money laundering regulations and sanctions. Bloomberg’s Ava Benny-Morison and Chris Strohm were the first to report this development. Known for its expertise in fraud investigations and […] Source CryptoX Portal

India Approves Crypto Exchanges Binance and Kucoin as Registered Virtual Asset Service Providers

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Cryptocurrency exchanges Binance and Kucoin have successfully registered with India’s Financial Intelligence Unit as Virtual Asset Service Providers (VASPs), a top official has reportedly confirmed. Both crypto exchanges were previously banned in India due to violations of the country’s anti-money laundering regulations. Kucoin and Binance Registered With FIU India The Financial Intelligence Unit – India […] Source