Binance, through its subsidiary, Binance FZE, has successfully acquired an Operational Minimum Viable Product licence from Dubai's Virtual Assets Regulatory Authority (VARA). In a blog post on July 31, 2023, the exchange announced that VARA had granted it the necessary authorization to provide virtual asset exchange services and virtual asset ...
On July 27, 2023, attorneys representing Binance and its CEO, Changpeng Zhao filed a motion to dismiss the lawsuit filed both parties by the U.S. Commodity Futures Trading Commission (CFTC). The attorneys claimed that the lawsuit is CFTC's attempt to extend its regulatory authority beyond the United States and exert ...
Binance has made a significant move in its quest to expand its European operations by withdrawing its application for a cryptocurrency license in Germany. The decision comes after allegations that the German Federal Financial Supervisory Authority (BaFin) rejected their custody license application on June 29, 2023. Initially, there was uncertainty ...
Binance has successfully concluded the public sale of ARKM tokens for Arkham Intelligence. The sale, which was conducted on Binance Launchpad, achieved its targeted hard cap of $2.5 million, showcasing substantial investor interest. Binance's data reveals an overwhelming response, with a staggering oversubscription rate of 990 times. The public sale ...
Binance has announced the successful integration of the Bitcoin Lightning Network into its platform. Its users now have access to the layer-2 scaling solution for seamless BTC withdrawals and deposits. #Binance has completed the integration of Bitcoin ( #BTC ) on the Lightning Network and deposits and withdrawals are now ...
Binance has announced a new token sale project on its Launchpad platform. This token sale will feature Arkham (ARKM), a blockchain analytics platform offering insights into on-chain cryptocurrency market activities. The sale of Arkham tokens will have an overall hard ceiling of $2.5 million. During the sale, participants will be ...
Binance users will be required to generate new wallet addresses in the coming months as the crypto exchange has announced its plans to implement a comprehensive update to its wallet infrastructure. The new update is aimed at enhancing efficiency and strengthening fund security on the exchange. However, as a result ...
According to a local report, Binance has been denied a crypto custody licence by Germany's financial watchdog, the Federal Financial Supervisory Authority (BaFin). Earlier this year, Binance underwent a change in leadership in Germany, with Jonas Jünger taking over and prioritizing the acquisition of a crypto custody licence from BaFin. ...
Binance has shifted its focus to the United Arab Emirates (UAE) as its primary target for future operations. Alex Chehade, the general manager of Binance Dubai, revealed this in an interview with Cointelegraph on Monday, June 26, 2023. According to Chehade, the exchange recognizes UAE's current administration's plans to establish ...
Binance.US has provided an update to its customers regarding the recent issues it faced with U.S. dollar withdrawals. In a customer update issued on June 22, 2023, Binance.US assured users that its system is fully functional and stated that the processing of U.S. dollar withdrawal requests is expected to resume ...
