Tag Archives: Binance

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Top crypto exchange Binance has joined hands with credit card company Mastercard to form a new prepaid bitcoin rewards program for users in Brazil. Customers can now purchase everyday items and services with digital assets. Binance and Mastercard… The Perfect Match? The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on either...

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Major blockchain infrastructure platform Paxos Trust Company is holding discussions with the US Securities and Exchange Commission (SEC) concerning Binance stablecoin BUSD, according to a report by Reuters. The company earlier received a notice from New York authorities to cease minting BUSD. According to Reuters on Tuesday (Feb. 21, 2022), Charles Cascarilla, CEO of Paxos, sent an email to the firm’s employees on Feb. 18, informing them that the company is holding...

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Novotel Bahrain Al Dana Resort reportedly became the first hotel in the country to accept cryptocurrencies as a means of payment.  Other hotels located on the Arabian peninsula that embraced digital assets during the past several months include W Dubai – The Palm and Palazzo Versace Dubai. Entering the World of Crypto According to recent coverage, Novotel Bahrain Al Dana Resort partnered with Eazy Financial Services to allow guests to settle accommodation bills in...

Binance.US refuted an earlier report made by Reuters, which stated that the international exchange allegedly moved $400 million from an account belonging to the American affiliate. In an attempt to clarify the situation, Binance.US said that only executives of the platform had such access to its bank accounts. Binance Purportedly Transferred $400 Million from Binance.US A report released by Reuters on Thursday (Feb. 16, 2023) claimed that bank records and company messages...

Leading cryptocurrency exchange Binance had “gaps” in regulatory compliance in the first few years after its launch in 2017, the company’s Chief Strategy Officer (CSO) Patrick Hillmann told the Wall Street Journal in an interview. Hillmann revealed that Binance had missteps during the implementation of its security measures, such as the Know-Your-Customer (KYC) protocol and the Anti-Money Laundering (AML) rules designed to combat money laundering activities. Binance Admits...

It’s been over half a year since the Harmony bridge was breached, allowing hackers believed to be a part of the Lazarus Group to make off with about $100 million in cryptocurrencies at the time they were stolen. Multiple Cashout Attempts Nearly $91 million of those funds have seen attempted cashouts so far. The most recent attempt at laundering the stolen funds saw about $27 million worth of crypto being moved. The operation was detected by security researchers, although it...