Binance may reportedly shell out a settlement fine of over $4 billion to the United States Department of Justice (DOJ) to resolve a lengthy investigation into its alleged violation of American anti-money laundering laws and involvement in evading US sanctions against Iran and Russia. This potential settlement, if reached, would ...
Binance has launched a new Web3 wallet service that simplifies and secures user engagement with Web3 technologies, such as DeFi and dApps, for its vast user base of over 140 million. The crypto exchange announced this development at its ongoing Blockchain Week conference in Istanbul, Turkey, on Tuesday, November 8 ...
Changpeng "CZ" Zhao, the co-founder and CEO of Binance, one of the world's leading cryptocurrency trading platforms, has experienced a dramatic decrease in his net worth. According to the most recent estimates from the Bloomberg Billionaires Index, Zhao's net worth has plummeted to $17.3 billion, representing a stunning 82% decrease ...
Binance has signed agreements with new partners to facilitate euro deposits and withdrawals months after being dropped by their previous provider, PaySafe. In an announcement made on October 19, Binance revealed that they were in the process of transitioning users to services provided by multiple new partners who are authorized ...
Hong Kong's Police force has issued a public warning about an ongoing phishing scam targeting Binance users in the region. They shared news of the scam in a Facebook post while urging Binance users who receive suspicious verification messages to report them officially for investigation on their official website. According ...
Binance, on Thursday, September 28, 2023, announced that there would be a brief interruption of euro (EUR) payments due to Paysafe's unilateral decision "to stop processing EUR deposits" for the exchange's users. The exchange stated that Paysafe users will no longer be able to trade EUR spot trading pairs on ...
Binance is bidding farewell to the Russian market, selling its business subsidiary in the nation to CommEX. While this exit process will unfold over the next year, Binance has assured its Russian users that their funds will remain unaffected. In a statement released on September 27, 2023, Binance highlighted its ...
Binance has officially announced its plans to gradually discontinue support for Binance US Dollar stablecoin (BUSD). The move confirms prior speculations that the exchange would do so following Paxos's announcement to halt the issuance and redemption of the stablecoin. In its official statement on August 31, 2023, Binance noted that ...
Binance has introduced a new product for its users across Latin America to seamlessly transfer their cryptocurrency holdings into their bank accounts. The newly launched service, Send Cash, allows crypto transfers from nine countries in the region, including Argentina, Colombia, Costa Rica, Dominican Republic, Guatemala, Honduras, Mexico, Panama, and Paraguay. ...
Binance has announced that it will no longer offer about 39 liquidity pools to users. The crypto exchange noted that the decision was based on its latest periodic review of listed liquidity pools aimed at optimizing trading experiences. Notable liquidity pools will be phased out, including ADA/BNB, DOT/BUSD, MATIC/BNB, SUSHI/BNB, ...
