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Tag Archives: Binance

I Am A Heavy Promoter Of Bitcoin: Binance CEO

Binance CEO Changpeng Zhao (CZ) explained on Wednesday why Binance spends time supporting cryptocurrencies and blockchains beyond those it chiefly develops. While the executive remained optimistic about the BNB Chain ecosystem, he said that he personally is a “heavy promoter of Bitcoin (BTC).” Are Binance’s Blockchain Centralized? In an AMA hosted over Twitter on Wednesday, a questioner raised concerns that the “Binance Blockchain” isn’t being promoted by its namesake company...

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Binance Academy Taps Coursera to Make Web3 Education Accessible to Everyone

Binance Academy – the educational arm of crypto exchange Binance – announced a partnership with Coursera. The collaboration with the leading online learning platforms that boast more than 124 million learners globally aims to bring educational opportunities to everyone in the form of a comprehensive suite of learning programs that are slated for launch over the next few months and beyond. Binance Academy Partners With Coursera According to the official press release shared...

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Binance’s Yi He Speaks About SEC Battle and Her Relationship With CZ

A low-profile but highly influential senior executive at Binance has spoken out as the company begins legal battles against two top market regulators in the United States. Yi He, who boasts a massive fortune as one of the company’s early shareholders, has also had children with Binance CEO Changpeng Zhao (CZ). The SEC Lawsuit He spoke to Bloomberg in a series of interviews – one of which took place in Dubai last month, shortly before the Securities and Exchange Commission...

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Binance Application for German Operational License Denied by BaFin

The denial of a custody license in Germany poses significant challenges for Binance, as Germany represents one of Europe’s largest and most influential markets. Germany’s Federal Financial Supervisory Authority (BaFin) has reportedly denied the Binance exchange’s application for a crypto custody license. Finance Forward, a news publication, has reported that BaFin has communicated this decision directly to the exchange. The decision signifies a regulatory setback for the crypto trading...

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Binance Continues to Focus on Future Growth Aspects despite Regulatory Hurdles

In Binance’s peer-to-peer (P2P) platform, ML technology is employed to identify suspicious language in communications. By utilizing ML in P2P chat, feedback, and advertisements, potential payment scams, customer service impersonation, and malicious messaging can be detected. This technology has proven effective in preventing thousands of scams. For the know-your-customer (KYC) process, Binance utilizes a combination of computer vision (CV) and AI. These technologies aid in verifying...

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Binance Loses Paysafe as EUR Banking Partner amid Regulatory Concerns

Binance informed its users that it is working to find another payment service provider.  Binance, a leading cryptocurrency exchange, has lost its banking partner Paysafe in Europe. Binance partnered with Paysafe in January 2022 after losing Barclays and Santander as banking partners in 2021. Since then, the exchange has been trying to expand its presence and reach in Europe. Consequently, Paysafe’s decision will set back the exchange’s European plans. Paysafe Is Wary of Regulators Paysafe...

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