Tag Archives: Binance

Tigran Gambaryan, a top executive at Binance, has taken legal action against the Office of the National Security Adviser (NSA) and the Economic and Financial Crimes Commission (EFCC) in Nigeria. According to a Reuters report, Gambaryan, an American citizen, has filed a Fundamental Rights suit alleging wrongful detention by Nigerian authorities. Unjust Detention and Court Orders Gambaryan’s lawyer, T.J. Krukrubo SAN, presented the case before the Federal High Court in Abuja,...

The Hong Kong-based crypto exchange HKVAEX, reportedly associated with Binance, withdrew its license application from the Securities and Futures Commission of Hong Kong (SFC) on March 28th. HKVAEX announced its intention to apply for a license in October last year while clarifying that it operates as a distinct entity from Binance under BX Services Limited in Hong Kong. However, there are shared resources between the companies, including the use of Binance servers for content...

CoinspeakerEthena Labs Dodges Security Breach as Fake Token Falls Victim: Crypto Security Woes Continue The attack on the fake token occurred mere hours after Ethena had introduced its new ENA token, designed to allow users to earn rewards by staking BNB or FDUSD. Ethena Labs Dodges Security Breach as Fake Token Falls Victim: Crypto Security Woes Continue

TL;DR Binance will add new trading pairs and introduce bot services to improve user experience, focusing on certain meme coins. The service expansion excludes users from the USA, Canada, Japan, and several other regions. The world’s biggest cryptocurrency exchange will expand the list of services offered on Binance Spot “to enhance users’ trading experience.” It will add the following pairs BONK/USDC, FLOKI/USDC, FTM/USDC, MKR/TRY, RAY/TRY, and RNDR/BRL trading pairs on...

CoinspeakerBinance Strengthens Anti-Money Laundering Efforts, Joins Global Travel Rule Alliance The move by Binance to join the GTR Alliance comes after the company agreed to pay $4.3 billion to settle criminal money laundering charges brought by the US Department of Justice. Binance Strengthens Anti-Money Laundering Efforts, Joins Global Travel Rule Alliance

CommEX, a crypto exchange that previously took over Binance’s operations in Russia after it decided to exit the country, has revealed its intention to cease operations in the country. Binance had initially announced its departure from Russia in September 2023, stating that the process would take approximately one year to complete. CommEX Announces Gradual Wind-Down of Operations In a post on X, CommEX Russia mentioned that the exchange will wind down operations gradually...

CoinspeakerBinance Labs Invests in StakeStone amid Growing Interest in Restaking Sector Investing in advance­d restaking protocols aligns with Binance Labs' strategic focus on this domain. Binance Labs Invests in StakeStone amid Growing Interest in Restaking Sector

The Nigerian government has slammed the world’s largest cryptocurrency exchange, Binance, with four counts of tax evasion charges as the saga between the entities deepens. According to a report from local media Premium Times, the Federal Inland Revenue Service (FIRS) filed the charges at a Federal High Court in the nation’s capital, Abuja, on March 22, the same day Nadeem Anjarwalla, one of the Binance executives detained since February, escaped from the custody of the...

TL;DR Binance adds 17 altcoins as new loanable assets, offering users greater flexibility and the potential for Real-Time APR rewards through its Binance Loans (Flexible Rate) product. The exchange will also delist certain cryptocurrencies, reflecting its ongoing commitment to high standards and operational adjustments in response to network demands. The world’s largest cryptocurrency exchange continues with the amendments to its platform to provide a better user...

Binance disclosed in its 16th proof-of-reserves (PoR) snapshot that its assets exceeded $100 billion as of March 18. The exchange views this milestone not merely as an “arbitrary number” but as evidence of continued trust in Binance and a strong indication of the crypto markets’ solid performance. Binance’s User Asset Holdings Surge In a blog post, the company revealed that its user assets under custody have surged, more than doubling from $40 billion as the year began to...