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Tag Archives: Binance

Binance Terminates its Collaboration With Argentina’s National Soccer Team

The world’s largest cryptocurrency exchange – Binance – ended its partnership with the Argentine Football Association (AFA), claiming the latter has not “fully met its contractual obligations.” The agreement, which turned the platform into the Global Main Sponsor of Argentina’s national soccer team, was supposed to last until 2027. Parting Ways Binance and the AFA signed the deal in January 2022, several months before the start of the World Cup in Qatar, which saw Argentina...

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CZ Admits to Involuntary Terminations Within Binance But Disagrees With Reported Numbers

Several traditional media outlets reported recently that Binance, the world’s largest crypto exchange, has or will have to dismiss thousands of employees in the wake of its legal battle with US regulators. The company’s CEO confirmed the layoffs but disagreed with the “FUD” reported numbers of terminated staff members. CNBC, WSJ Reports Citing a person familiar with the matter, the Wall Street Journal claimed on Friday that Binance had already dismissed over 1,000 people as...

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Binance Ceases All Trading of Privacy Coins

Binance – the world’s largest and most popular digital currency exchange in the world – has announced it’s pausing all trading of privacy-centered cryptocurrencies indefinitely. Binance Says No More Privacy-Focused Trading At the time of writing, Binance customers will no longer be able to trade or invest in a wide array of anonymous coins focused on full user privacy. The names include Decred, Secret, Verge, BEAM, Monero, Firo, and Zcash, to name a few. Binance...

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Binance Turns Six: The Journey So Far in the Eyes of CEO Changpeng Zhao

Binance, the world’s largest cryptocurrency exchange, is celebrating its sixth anniversary today. In commemoration of the feat, the exchange’s founder and CEO, Changpeng Zhao (CZ), has reminisced on several events since the platform’s launch. In a statement sent to CryptoPotato, the CEO revealed that Binance was launched in 2017 with $15 million worth of digital assets as a crypto-to-crypto exchange with five tokens and two languages. At the time, the company had no customer...

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Binance Australia was Selling Very Cheap BTC Last May

The Australian division of Binance, the world’s largest and most popular digital currency exchange, caused analysts and observers to raise eyebrows in the latter half of May when the firm began selling bitcoin at a huge discount. Binance Australia was Practically Giving Away BTC During that time, bitcoin was trading between $27,000 and $28,000 on most platforms, though the Australia division of Binance caught everyone off guard when it began selling units for...

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Bitcoin Price Hits ATH Against EGP on Binance Amid Egypt’s Economic Crisis

Egypt is yet another country that currently copes with severe financial difficulties and galloping inflation, which have harmed the local currency. As such, the price of bitcoin against EGP has surged notably lately, exceeding 1,200,000 EGP on Binance, which is a record high. It is worth mentioning that the valuation is not that high on other cryptocurrency exchanges, such as Coinbase. The Outcome of the Monetary Disruption Despite Egypt’s GDP gradually growing in the past...

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