The cryptocurrency market witnessed a significant surge in value from October 2023 to March 2024, according to a new report released by Bybit in collaboration with Treehouse. During this period, the market capitalization soared from just over $1 trillion to over $2.6 trillion by March 2024. This surge in value ...
On Wednesday, April 18, 2024, Binance converted all assets in its Secure Asset Fund for Users (SAFU) into USD Coin (USDC). According to data from Etherscan, over 800 million USDC was transferred from the SAFU wallet address at 2:35 am UTC with a gas fee of $1.88. In a blog ...
Binance is set to re-enter the Indian financial market after a four-month hiatus, during which it temporarily suspended its operations in the country. According to the Economies Times, a local media, the exchange will pay a $2 million fine for noncompliance with local laws before resuming its activities. In January ...
Binance.US has appointed Martin Grant, a former Federal Reserve Bank of New York executive and one-time Head of Compliance and Ethics, to its board of directors. The exchange announced the development in a blog post published today, April 16, 2024. For over thirty years, Martin Grant has handled legal and ...
Binance Labs has announced a strategic investment in BounceBit to further its vision of bolstering Bitcoin staking and CeDeFi infrastructure. In a blog post published on Thursday, April 11, Binance Co-Founder Yi He emphasized that BounceBit creates new avenues for Bitcoin utility through its fusion of DeFi and CeFi. Yi ...
The Nigerian government's arraignment of Binance and two executives, Nadeem Anjarwalla and Tigran Gambaryan, which was scheduled for today, Thursday, April 4, 2024, did not proceed as planned. According to local news outlet News Diary Online, the nation's tax authority, the Federal Inland Revenue Service (FIRS), did not adequately serve ...
The Philippines Securities and Exchange Commission (SEC) has announced that it will block internet access to Binance's platform in the country. According to a notice released on Monday, March 25, 2024, Binance failed to secure the necessary license to operate or advertise its services to the Filipino public, violating the ...
According to a local media report, the Nigerian federal government has escalated its legal confrontation with Binance and has accused the cryptocurrency exchange of tax evasion. The government reportedly levelled a four-count allegation against Binance, including charges of Value-Added Tax (VAT) non-payment, complicity in facilitating tax evasion by its users, ...
Binance has announced that it supports the upcoming platform upgrade of the altcoin network Kadena. In a blog post published on Wednesday, March 6, 2023, the cryptocurrency exchange stated that it will temporarily halt deposits and withdrawals connected to the Kadena network starting from March 6, 2024, until the network ...
Binance has announced it will no longer support leveraged tokens on its platform by the end of February as part of its existing product review process. According to an official statement, starting February 28, 2024, the exchange will discontinue trading and subscription services for all Binance Leveraged Tokens (BLT). It ...
