Tag: Binance

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Crypto Markets Chop as Reports Emerge That US DoJ Wants Over $4 Billion From Binance to Settle Yearlong Investigation – Here’s The Latest

November 20, 2023

Binance Logo / Source: Adobe The US Department of Justice (DoJ) is seeking a settlement of more than $4 billion from the world’s largest crypto exchange Binance as a proposed resolution to a yearlong investigation into the exchange, Bloomberg reported on Monday citing people familiar with discussions. Cryptocurrency markets initially fell on the news but…
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CZ Reveals Client Execs Kidnapped, Hive Increases Mining Power, Blackrock on ETH ETFs — Week in Review

November 19, 2023

Changpeng Zhao, the CEO of leading crypto exchange Binance, recently revealed that executives of a Binance client were kidnapped and shaken down for their crypto holdings. In other news, Vancouver-Based Hive Digital has increased its mining power and Blackrock has weighed in on the topic of ethereum exchange-traded funds (ETFs). This and more just below,…
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Bitget Releases Position Grids to Reshape Digital Asset Trading

November 18, 2023

Source: AdobeStock / Rafael Henrique Cryptocurrency exchange, Bitget has launched position grids, a trading tool to enable users take advantage of market fluctuations in a bid to scale up activities. In a recent press release, the exchange announced the integration of its trading tools to aid all users including helping low-capacity traders minimize their losses.…
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Binance Counter-Terrorism Specialist Steps Down Amidst Heightened Concerns on Crypto’s Role in Terrorism

November 17, 2023

Source: Adobe Stock Jennifer Hicks, Binance’s Senior Counter-Terrorism Official, has officially resigned from the world’s largest cryptocurrency exchange, as disclosed on her LinkedIn profile. Having dedicated nearly two years to Binance, Hicks, an investigative specialist with prior experience at Chainalysis and the U.S. Navy, departs amidst a critical juncture for the crypto industry. Lawmakers Intensify…
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Head of Dubai’s Digital Asset Regulator Steps Down – What’s Going On?

November 16, 2023

Image Source: Pixabay The head of Dubai’s cryptocurrency regulator, Henson Orser has left the role to pursue new interests amid looming domestic fines on digital asset companies for a breach of rules. According to a Bloomberg report Orser, who was the head of the Virtual Assets Regulatory Authority (VARA), will be replaced by Matthew White…
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Binance to launch Thai exchange in joint venture with local energy giant

November 16, 2023

Crypto services from Binance and Gulf Energy’s joint venture, Gulf Binance, will initially be available to Thai residents on an invitation-only basis. Binance will publicly roll out a Thailand-based crypto exchange in early 2024 via a joint venture with local energy giant Gulf Energy Development. A Nov. 15 Stock Exchange of Thailand filing by Gulf…
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Binance and Gulf Energy’s Joint Venture to Launch Crypto Exchange in Thailand

November 16, 2023

Source: Pexels In a strategic collaboration, Binance Holdings Ltd. and Gulf Energy Development Pcl are set to launch a cryptocurrency exchange in Thailand early next year. This follows the acquisition of licenses from the Thai Securities and Exchange Commission, with Gulf Binance Co. obtaining the regulatory nod on November 10, as disclosed in a stock…
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Binance Faces Erosion in Market Dominance with 10% Decline in Trading Volume Amidst Rising Competition: Report

November 13, 2023

Source: Adobe According to the November 6 report by blockchain analytics firm 0xScope, Binance has maintained its position as the top centralized exchange, with a significant market share; however, its dominance has weakened over the past year, with a continuous decrease in trading volume, particularly in the last three months, experiencing a roughly 10% decrease…
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Binance Client Executives Kidnapped, Forced to Empty Crypto Wallets — CZ Says Total Loss Was $12.5 Million

November 13, 2023

Binance CEO Changpeng Zhao (CZ) has shared a story of how executives of a Binance client were abducted and forced to empty their crypto wallets. CZ detailed how the cryptocurrency exchange was able to track the transactions and freeze over 94% of the stolen funds. CZ Shares Story of How Binance Freezes Stolen Funds Binance…
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Binance Freezes $11.8 Million In Stolen Assets Following Kidnapping Incident – Details

November 11, 2023

Chief Executive Officer of Binance, Changpeng “CZ” Zhao, has shared a report in which the exchange intervened in the theft of millions of dollars worth of crypto assets. Through a fast response operation, the Binance Global Head stated they were able to prevent the bad actors from making away with over 90% of the stolen…
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