Binance is a cryptocurrency exchange that is the largest exchange in the world in terms of daily cryptocurrency trading volume. Founded in 2017 and registered in the Cayman Islands.
Binance was founded by Changpeng Zhao, a developer who previously created high-frequency trading software. Binance was originally based in China, but later moved its headquarters outside of China due to the tightening of cryptocurrency regulation by the Chinese government.
Binance Labs, venture capital arm of the Binance exchange, with investable assets of approximately $10 billion, invested in seven projects: Ethena Labs, Derived, Shogun, UXUY, Cellula, NFPrompt and QnA3. The diversification shows how differently Binance is committed to considering each sector that can drive long-term sustainable growth. T he investments are “bets on startups” that were featured in…
Binance withdraws its application for a crypto license in Germany. The background is changes in the market and the regulations. Conflicts with the German financial regulator BaFin were already apparent in advance. Uniform requirements through the new law MiCA wants to use the crypto exchange to get the license soon anyway. Why crypto exchange is withdrawing the crypto…
Concern about Binance is spreading. Rumor has it that management is fleeing the company. The background to this is regulatory conflicts that are constantly increasing. The management staff is dissatisfied with the reaction of the managing director CZ and is therefore now pulling the ripcord. Those affected deny the thesis. Binance: Is management fleeing the company? Is the management…
Another blow hits Binance. An important partner bank in the euro area distances itself from the crypto exchange. Existing problems of the world market leader could deepen in this way. The background is apparently the smoldering regulatory conflict in the USA. Binance under pressure Another blow hits Binance Another blow hits the crypto exchange Binance. The world market leader…
It is a hard blow for the world’s largest crypto exchange Binance: According to exclusive information from “Finance FWD”, the German financial regulator BaFin has denied the company the coveted license. A refusal that significantly slows down the company’s expansion plans in Germany. No BaFin license for Binance in Germany Jonas Jiinger, who took over as…
Brazil raises allegations against Binance. The world’s largest crypto exchange is exposed to regulatory attacks in more and more countries. The South American state suspects deliberate involvement in multiple fraud. That is why Brazil is now making allegations against Binance The drama surrounding the world’s largest crypto exchange Binance does not stop. Now another country, Brazil, is making allegations against…
Binance reaches settlement with SEC. Binance.US assets will not be frozen. Nevertheless, the damage to the marketplace is already enormous. The company believes that this did not happen by accident. The lawsuit of the US authority has not yet been dismissed. The company reaches settlement with SEC The crypto exchange reaches an agreement with the US Securities and Exchange Commission. The…
A number of senior executives tasked with driving Binance European business have left the company in recent months, according to a report by financial magazine FFWD . The world’s largest crypto exchange is currently in the sights of the American financial regulator SEC because of allegations that customer funds were mixed with their own funds. Binance: European top…
US Securities and Exchange Commission (SEC) Chairman Gary Gensler said at a conference he attended following back-to-back lawsuits against Binance and Coinbase that the “crypto sector is full of dealers and scammers.” Gary Gensler: «Crypto sector full of dealers, cheaters and scammers» Gensler, who attended the Piper Sandler Global Exchange & FinTech Conference online in New York, said most cryptocurrencies are…
SEC paving way for total surveillance? Crypto giant Charles Hoskinson is concerned and calls on the scene for solidarity. A small group of decision-makers are trying to deprive people of their freedom – evidence of this can be found in the lawsuit against Binance. SEC paves way for total surveillance? Hoskinson worried SEC paving way for total surveillance? Crypto…
A crash on the crypto market is looming. Blame is apparently an indictment by the US Securities and Exchange Commission (SEC) against the Binance crypto exchange. The allegations weigh heavily. Crypto market crash A crash in the crypto market occurs. Bitcoin (BTC) lost three percent of its value in the last hour alone. The largest cryptocurrency is trading at…
Is there a crypto turnaround in China? Hong Kong is opening up to the crypto industry, giving reason for hope. The report of a major Chinese television station further reinforces the belief in a new development. Crypto turnaround in China? Is there another crypto turnaround in China? The third largest country on earth seems to be getting closer…
The memecoin Pepe records an incredible price explosion of 1,500 percent in the weekly trend. The fun currency places among the top 50 and, with FLOKI, pulls another ERC-20 token into the top 100. None of the projects has an intrinsic value. Register now on Binance and trade Pepe Pepe course explodes by 1,500 percent: New memecoin…
The start of the cryptocurrency SUI was successful. As expected, the promising smart contract platform goes straight into the top 100. Meanwhile, the developers at Mysten Labs are already announcing the first dApp. Launch is successful May 3, at 2:00 pm ET, the time has finally come: The long-awaited smart contract platform SUI from developer Mysten Labs is…
Gary Gensler is chairman of the SEC and is considered to be anti-crypto. His agency has been attacking the crypto industry, especially over the past two months. If several US MPs have their way, the Democrat will no longer pose a threat to industry in the future. You want to depose him. Why is he about to be fired?…
The FTX token course is having an incredible explosion. In just over 24 hours, the market value of the supposedly failed FTT increases by 100 percent. There is still no end in sight. It is possible that the soaring will continue for quite some time. FTX token price explosion In November, the former second largest crypto exchange collapsed. The…
The conflicts surrounding the crypto industry are reaching new proportions within the United States of America. Due to increasing regulatory strictness, the crypto exchange Bittrex is now also leaving the USA. In this way, the company apparently wants to avoid attacks by US authorities. Crypto exchange Bittrex is leaving the US due to growing conflicts Bittrex is…
In the last few days, an XRP price explosion has become apparent after the US regulator CFTC has filed a lawsuit against the crypto exchange Binance. The legal dispute resulted in an assessment that referred to cryptocurrencies as commodities. This could be groundbreaking for the dispute between Ripple and the SEC. XRP price explosion of 24 percent…
The US authority CFTC files a lawsuit against Binance. The world’s largest crypto exchange is accused of eight different charges. These include systemic insider trading and the targeted circumvention of anti-money laundering and anti-terrorism measures. CFTC files lawsuit against Binance The Commodity Futures Trading Commission (CFTC) is filing a lawsuit against Binance , a public document shows. The subject of the legal…
Insolvent crypto lender Celsius rejects takeover negotiations. The New York company filed for bankruptcy in July. In the meantime, various companies have offered to acquire or purchase certain systems. Celsius rejects takeover negotiations Prior to Celsius’ collapse in the summer of 2022, the company was one of the largest crypto lenders in the industry. The company itself used…
Data platform CoinMarketCap introduces a Proof of Reserves feature. Although the leading crypto exchange expects this to increase trust, the current situation continues to draw attention to a lack of transparency. CoinMarketCap Releases Proof of Reserves Feature CoinMarketCap (often CMC ) is one of the leading data aggregators in the crypto industry. The website went online in 2013. Next to…
Sam Bankman-Fried quickly built a billion dollar fortune through transactions in the crypto industry. In the media he presented himself with a pronounced social awareness. Alleged modesty and a giving mentality helped his companies to grow enormously. Now he makes it clear: the supposed altruism was just a marketing gimmick. Sam Bankman-Fried deceives clients with altruism Sam Bankman-Fried,…
With FTX, the next big crypto exchange wants to enter the stablecoin business. Some competitors already provide such an offer. According to founder and managing director Sam Bankman-Fried, they are currently only in the process of finding a suitable partner. Stablecoin only a matter of time Forefather Tether (USDT) and main competitor USD Coin (USDC) are the two largest…
Is Aptos (APT) worth investing in? The crypto project has had a meteoric start. Within a day, the leap into the top 100 cryptos succeeds. Cryptoquorum takes a closer look at the questionable starter and explains why extreme caution is required here. What is Aptos (APT) anyway? Aptos (APT) is the unofficial sequel to the former Facebook project…
This is probably a bit unexpected: Jesse Powell is about to step down as CEO of Kraken. According to reports, his role as CEO will be taken over in the coming months by David Ripley, who currently serves as the crypto exchange’s chief operating officer. This emerges from a report by ” Fortune “. Meanwhile, Powell confirmed the rumors on Twitter. Powell…
Binance, the world’s biggest digital asset trading platform by transaction volume, has earmarked the sum of $1 billion to fund growth initiatives in the cryptocurrency ecosystem. While the fund is billed to serve as a bigger compliment to its earlier growth initiatives, the trading outfit noted that the new funds would be administered under four distinct categories,…
Binance cryptocurrency exchange has announced hiring two IRS special agents to ramp up its compliance efforts as it navigates complex regulatory issues in a still-evolving industry. Last Thursday, September 30, Binance announced that it has named former IRS special agent Tigran Gambaryan as the vice president of Global intelligence and investigations. Besides that, Binance also disclosed that…
Binance cryptocurrency exchange has come under the regulatory radar again, and this time, it is with the United States Commodity Futures Trading Commission (CFTC). According to a Bloomberg report recently, the derivatives regulator is notably investigating the company for possible insider trading and market manipulation. As the world’s largest digital currency trading platform, Binance is believed…
Binance exchange has launched a new service, dubbed the “fixed investment function,” a new addition to the company’s service suite that will help Binance users easily purchase a fixed amount of cryptocurrency within a set time interval. According to the exchange, the service is accessible through the Binance website, as well as the trading platform’s applications…
The Ethereum network has suffered a chain split as some validators were running operations on the older versions of the Ethereum network. Client Geth were cut off from the main network. This occurrence of the incident as validators cut off refused to update their software to suppress the impact of a bug in the network. The chain…
IOHK and Cardano (ADA) Founder Charles Hoskinson has responded to recent criticisms from Weiss Crypto Ratings analytics firm. The latter launched a hostile response to IOHK after Cardano partnered with Coinfirm, a provider of anti-money laundering (AML) data. On Aug. 24, the Cardano Foundation made certain moves to meet the requirements of modern regulatory frameworks….
Cronos is integrating with Band Protocol’s scalable oracle solution to provide credible external data for DeFi and all Cronos’ apps. The top-performance decentralized oracle will give Cronos developers usability, security, and unrivalled accessibility. Developers can utilize this to develop adaptable and decentralized oracles that cater to any external data needs. Of note, the integration will…