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 ...
Binance Labs has announced its investment in the first batch of projects participating in the latest season of its crypto startup incubation program. According to its post on X, Binance invested in three new projects: Ethena Labs, NFPromt, and Shogun. However, the company did not disclose the amount of funds ...
Binance stirred controversy in the crypto community X when it announced the delisting of four cryptocurrencies—Aragon (ANT), Multichain (MULTI), Vai (VAI), and Monero (XMR)—in an official release on February 6, 2023. The exchange's decision has triggered speculation and criticism, with multiple X users questioning the motives behind these delistings. Binance's ...
Binance has frozen over $4.2 million worth of the looted XRP coins connected to the recent account hack on Ripple. Binance CEO Richard Teng announced this development in a post on X and noted the the prompt action was possible due to early detection when the suspicious transactions were flagged ...
Binance is pursuing legal action against the GitHub user who posted the code and has submitted a takedown request to have the code removed from GitHub. The exchange has noted that it is taking steps to prevent further unauthorized access to its systems. While a spokesperson for Binance reportedly confirmed ...
Binance has officially listed Solana-based decentralised exchange Jupiter's native token, JUP, on its platform. According to an official statement, the token was scheduled to be listed on January 31, 2024, by 15.30 hours (UTC), with a "seed tag", which is used to identify tokens of projects in their initial stages ...
Binance appears to be yielding to the pressure from its users who desire to store their assets with independent custodians. According to a Financial Times report on Tuesday, January 30, 2024, the crypto exchange will soon start allowing its users to store their assets in independent storage options. The report ...
A lot has been going on at Binance in the last two weeks. The exchange pleaded guilty to multiple federal charges, including anti-money laundering, unlicensed money transmission, and sanctions violations; consequently reaching a settlement deal with the Department of the Treasury and the U.S. Commodity Futures Trading Commission (CFTC) to ...
The Philippines's Securities and Exchange Commission (SEC) has accused Binance of operating in the country without the necessary approval or license. In a notice issued to the public on November 28, 2023, the regulator warned citizens to exercise caution before using the platform as it violates crucial rules guiding securities ...
Richard Teng, the new CEO of Binance, is trying to alleviate concerns among investors and customers in the aftermath of the exchange's legal troubles with U.S. authorities. In a post on X (formerly Twitter), Teng emphasized the exchange's business fundamentals are "very strong." According to him, Binance is debt-free and ...
