CNS price rallied roughly 1,000% in the past 5 weeks as new partnerships, a chain migration and the promise of “announcements upon announcements” lure new investors. In the past few weeks, Centric Swap (CNS), a dual-token model that gives stakers a fixed hourly yield that “stabilizes over time as it self-regulates token supply to meet…
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A South African regulator, the Financial Sector Conduct Authority (FSCA), says it welcomes Binance’s decision to stop offering some of its services to South Africans.
Productive Consultations
In a statement, the FSCA suggested that the move by the cryptocurrency exchange came after it held “productive consultations” with the regulator. As previously reported by Bitcoin.com…
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Amid the weight of regulatory scrutiny, Binance continues to grow its international compliance team for better relations with financial regulators. Crypto exchange giant Binance has hired Mark McGinness, former head of international relations at the Dubai Financial Services Authority (DFSA), as its chief regulatory liaison officer. According to an announcement issued on Thursday, Binance stated…
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Sanchan Saxena, the Vice President of product at Coinbase said yesterday that the “insane” amount of traffic from signing up to waitlist temporarily broke the site. There have already been more than 1 million sign-ups for Coinbase’s NFT platform since the waitlist went live on Oct.12. Coinbase opened up the waitlist via a blog post…
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Binance, the world’s leading blockchain ecosystem and cryptocurrency platform, has launched a $1 billion Growth Fund for Binance Smart Chain, to accelerate adoption of digital assets and blockchain technology. In the span of next few months multiple programs will be set-up under its umbrella to empower the growth of cryptocurrencies worldwide. Designed to incubate rising…
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Binance is taking more measures to comply with China’s cryptocurrency crackdown with new restrictions in the mainland. Binance crypto exchange officially announced on Wednesday that the company will delist the Chinese yuan (CNY) from its peer-to-peer trading platform on Dec. 31. Alongside terminating yuan trading pairs, Binance will continue further restricting access to its platform…
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Crypto exchange Binance has launched a $1 billion fund which it calls “the biggest funding program of its kind in the whole cryptocurrency industry.” The company aims for the fund to “push the adoption” of the Binance Smart Chain and “the whole blockchain industry.”
Binance Launches ‘the World’s Largest Crypto Accelerator’
Cryptocurrency exchange Binance…
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The announcement stated that the program is the largest ever announced in the crypto space. The Binance cryptocurrency exchange has announced a $1 billion accelerator fund to expand the capabilities of the Binance Smart Chain ecosystem and advance mainstream adoption across the financial technology sector. The exchange showcased the eight-figure fund in a tiered development…
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Binance has announced that it is terminating some services in South Africa to comply with regulations. This move followed a warning issued by the South African financial regulator that Binance Group was not authorized to give any financial advice or render any intermediary services in the country. Binance Ceases Some Services in South Africa Cryptocurrency…
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Binance established three subsidiaries in Ireland during September and the globe trotting exchange may be settling down. Under pressure from regulators around the world, major exchange Binance is looking to establish a headquarters in Ireland. Until now it has operated globally for years under what its chief executive, Changpeng Zhao (CZ) has described as a…
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