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Tag Archives: News

Binance CEO Announces 1,000 New Hires Amid U.S. Regulatory Pressure

Binance, the world’s largest cryptocurrency exchange, is set to hire 1,000 new employees this year, with a significant portion of these roles focused on compliance. This move comes at a time when Binance has been escalating efforts to address the increasing regulatory pressures, notably in the US where its compliance outlay is likely to exceed $200 million annually. The information was disclosed by Binance’s Chief Executive Richard Teng to the Bloomberg News in an interview during his trip to...

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Babylon to Launch Self-Custodial Bitcoin Staking Mainnet in Two Days

Babylon, a blockchain developer, is set to launch its self-custodial Bitcoin staking mainnet in just two days as part of a phased rollout. This launch is designed to leverage Bitcoin’s economic properties to strengthen the security frameworks of proof-of-stake (PoS) blockchains. It offers a new level of security for decentralized systems. The most fundamental aspect of this new system is that the user can stake his or her Bitcoin via a smart contract. This self-custodial model can ensure...

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Binance and CZ Face New Class-Action Lawsuit Over Alleged Crypto Laundering

Binance and its former CEO, Changpeng Zhao (CZ), are facing a new legal challenge with a revived class-action lawsuit in the U.S. District Court for the Western District of Washington, Seattle. The lawsuit is filed by three cryptocurrency investors. It alleges that Binance facilitated the laundering of stolen crypto assets, making them untraceable. The plaintiffs state that to make things worse, their stolen cryptocurrency was sent to Binance, which ‘laundered’ the transaction, making it...

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Binance Lists DOGS as Its 57th Launchpool Project

Binance has officially introduced DOGS (Dogs) as the 57th project in its Launchpool program. DOGS is a memecoin based on the Ton blockchain and is popular within the Telegram community. It is set to be listed on Binance, with trading expected to commence on August 26, 2024. This marks DOGS as the first of its kind to be featured on Binance’s Launchpool. The Launchpool activity enables users to stake BNB and FDUSD to receive DOGS tokens. The staking process will commence on 23rd August 2024...

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Brazil Approves Second Solana ETF

The Brazilian Securities and Exchange Commission (CVM) has approved a second Solana exchange-traded fund (ETF). It marks a significant development in the country’s cryptocurrency investment landscape. The new ETF, which is still in its pre-operational phase, will be introduced by Hashdex — a leading asset manager in Brazil with over $962 million in assets under management. This venture is being conducted in partnership with BTG Pactual, a prominent Brazilian investment bank. This approval...

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