Tag: Binance

Bitcoin (BTC) Dominance Increases, Binance to Re-Enter India

boss

Binance, the cryptocurrency exchange that was removed from India some months ago, is looking to re-enter the country by paying a $2 million fine, the Economic Times reported on Thursday. Earlier this year, Binance and some other exchanges were removed from the Apple Store in India after India’s Financial Intelligence Unit (FIU) sent them compliance “show cause” notices. OKX, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex were the other firms that were sent notices at the time. Original

Bitcoin dips to $65k as Fezoo positions itself against Binance and OKX

boss

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin dips to $65K ahead of its halving, investors are turning their attention to Fezoo, a new exchange poised to challenge industry leaders Binance and OKX. The dynamic crypto trading has continued and Bitcoin has fallen to $65,000. This is ahead of Bitcoin halving. Investors are expecting that the current decline doesn’t change the outlook on their return on investment much before halving. Meanwhile, Fezoo is set to…

Experts: Nigeria’s Binance Crackdown Shakes Investor Confidence

The Nigerian government’s crackdown on cryptocurrency exchanges, including its targeting of Binance, has prompted some cryptocurrency firms to reconsider plans to either enter or further invest in the West African nation. A founder of a cryptocurrency exchange stated that the crackdown on Binance raises questions about the fundamental rule of law necessary for any society […] Source CryptoX Portal

DOJ considering new law firm as monitor for Binance amid FTX ties

The DOJ is reconsidering its decision to appoint Sullivan & Cromwell as Binance’s independent monitor because of its relationship with FTX.  According to Bloomberg, the law firm was on the verge of being named to oversee Binance’s compliance with a settlement that included a $4.3 billion penalty for breaching U.S. anti-money laundering laws and sanctions regulations. The role was part of an agreement with both the Justice Department and the Treasury’s Financial Crimes Enforcement Network (FinCEN). However, the decision has been stalled due to concerns over Sullivan & Cromwell’s previous…

AI Altcoin Project Lands on Crypto Exchange Binance in Surprise Listing

boss

An altcoin project focused on digital commodities and artificial intelligence (AI) is witnessing volatility after a surprise listing on Binance. The top global crypto exchange says it’s officially rolled out trading services for Bittensor (TAO). The announcement triggered a 9% surge in the asset to a high of $627.52 on Wednesday, before the coin dropped to $548.20 following Bitcoin’s big pullback to as low as $65,771. Bittensor is a decentralized blockchain platform that focuses on machine learning and AI. The open-source project enables users to produce digital commodities in distinct…

Binance Labs invests in BounceBit to advance Bitcoin utilization

boss

Binance Labs invests in BounceBit to transform Bitcoin’s role with innovative solutions. Binance Labs, the venture capital and incubation division of Binance, has invested in BounceBit, a Bitcoin restaking and centralized decentralized finance (cedefi) protocol. “BounceBit unlocks new avenues for Bitcoin’s utilization with the fusion of cefi and defi.” Yi He, Co-Founder of Binance and Head of Binance Labs He also emphasized Binance Labs’ commitment to supporting innovators reshaping the industry with secure and transparent cedefi solutions. BounceBit aims to transform Bitcoin from a passive asset into an actively engaged ecosystem component. By…

Binance CEO Discusses Company’s Plan After Settlement With US Authorities

Binance’s chief executive has shared his company’s future direction and areas of focus following its settlement with U.S. authorities, including the Department of Justice (DOJ). “We have moved past that as the company move into greater maturity,” he insisted, adding that the crypto firm is focusing on “sustainability.” ‘The Direction of Travel Is Very Clear’ […] Source CryptoX Portal

Binance ‘Working Collaboratively’ With Nigerian Government to Free Detained Executive, Compliance Chief Says

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…