HashKey Exchange, a licensed exchange based in Hong Kong, has announced the temporary suspension of digital asset deposits and withdrawals to and from Binance. In a Friday announcement, the company said that the decision comes as a result of policy adjustments implemented by HashKey Exchange. Per the announcement, HashKey Exchange will no longer accept any virtual asset…
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Binance co-founder He Yi provided insights into Changpeng Zhao’s (CZ) legal situation at a Dubai event on April 19, expressing optimism despite his upcoming sentencing in the United States. This follows CZ’s plea deal, which resulted in his departure from Binance and the company’s substantial $4.3 billion forfeiture. While a potential sentence of up to…
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Binance, the leading cryptocurrency exchange globally in terms of trading volume, has shifted its SAFU (Secure Asset Fund for Users) reserves into the stablecoin USDC to bolster “its reliability.” During the early hours of Thursday, the platform transferred two substantial amounts of BTC and BNB. Binance Executes Dual Crypto Moves on Thursday: What’s Behind the…
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Crypto exchange Binance is considering re-entering India’s market after having been banned there in late 2023. The potential re-entry would involve a penalty of about $2m, the Economic Times reported Thursday. The platform’s return would be contingent upon registration with the finance ministry’s Financial Intelligence Unit (FIU). The FIU is responsible for supervising virtual asset…
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Hidden Road Partners, Citadel Securities-backed prime brokerage, plans to raise $120 million in its Series B funding round, aiming for a market valuation of $1 billion. According to a Bloomberg report, sources familiar with the matter, who requested anonymity due to the information sensitivity, stated that the Citadel Securities-backed prime brokerage firm is seeking to…
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On April 17, blockchain investigator Lookonchain revealed a substantial transfer of USDT to Binance by Tron Founder, Justin Sun. This move follows a pattern of USDT deposits to Binance and ongoing Ether acquisitions by Sun. Justin Sun Continues Whale Deposits of Tether’s USDT Lookonchain’s post on X detailed the transfer of $196 million worth of…
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The Department of Justice (DOJ) is reportedly reconsidering selecting a prominent New York law firm to handle a critical assignment related to Binance, due to the firm’s prior work for rival exchange FTX. As part of a plea agreement resolving anti-money laundering and sanctions violations charges, the DOJ and the Treasury Department’s Financial Crimes Enforcement…
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The Nigerian government has traced the whereabouts of Nadeem Anjarwalla, a high-ranking executive of Binance, to Kenya. Anjarwalla had managed to escape custody in Nigeria, but his cover was blown upon his arrival in Kenya, according to a report from Nigerian media outlet The Punch. The report also said there have been intensified discussions between the…
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After months of sustained decline, the Nigerian currency has rallied since March and is currently ranked as the best-performing fiat currency in April. Andrew Matheny, an economist at Goldman Sachs, said the naira’s momentum can only be maintained if policymakers do not deviate from their current course. Maintaining the Momentum of the Naira According to…
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Gopax, a prominent South Korean cryptocurrency exchange backed by Binance, disclosed a net loss of 51.3 billion Korean won ($37 million) for the fiscal year 2023, as reported in the year-end financial statement released by its parent company, Streamy. This figure is an improvement compared to the net loss of 90.6 billion won in 2022.…
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