Archives for: November 3rd, 2022

Binance may buy banks to make cryptocurrency adoption easier

Written by: ( November 3, 2022 )

Changpeng Zhao (CZ), the founder and CEO of Binance, recently said that he would be interested in buying traditional banks. The man behind the largest cryptocurrency exchange in the world made the revelation just days after tweeting a $500 million investment that went to Elon Musk ahead of the latter’s Twitter purchase. CZ mentioned that […]

Cryptocurrency exchange Binance reportedly gave $500M for Twitter purchase

Written by: ( October 28, 2022 )

Changpeng Zhao (CZ), the CEO of cryptocurrency exchange Binance, said that the company made a $500 million commitment in support of Elon Musk’s high-profile Twitter takeover. Binance had indicated it would co-invest in Twitter by May 2022 with 18 other investors, including Sequoia Capital Fund and Fidelity Management. Binance’s founder, in a Twitter thread, confirmed […]

Binance loses as much as $100 million in hack of Smart Chain

Written by: ( October 13, 2022 )

Cryptocurrency exchange Binance has claimed that $100 million was likely to have been stolen in connection with a hack of its Binance Smart Chain Network. However, the real figure could be more than $500 million. Binance confirmed the hack before the affected blockchain was paused for almost eight hours. The exchange revealed later that the […]

Binance burns $1.8 million of the Luna Classic digital currency

Written by: ( October 4, 2022 )

Yesterday, Binance announced that it had begun to burn LUNC (Luna Classic). All LUNC tokens that were collected from trading fees have been destroyed by the exchange, turning $1.8 million worth of the digital currency into rubbish. Luna Classic is the new name given to the Luna cryptocurrency following the implosion and birth of the […]

Binance halts deposits and withdrawals in Brazil amid market turmoil

Written by: ( June 20, 2022 )

Binance has stopped Brazilian real-based direct withdrawals and deposits this week due to a change at its secondary payment provider. However, the exchange stated that it would make the necessary changes in order to address this issue in the future and continue offering these services to Brazilian customers. The exchange explained the situation in a […]

Binance could soon receive a license to operate a cryptocurrency exchange in France

Written by: ( May 5, 2022 )

People familiar with the matter stated that Binance Holdings is poised to receive regulatory approval from France. The largest cryptocurrency exchange by trading volume, this would allow it to expand its operations in Europe. Binance is currently in final negotiations with the financial supervisory body ACPR and the markets authority AMF regarding a registration for […]

Binance approved to launch cryptocurrency ops in Bahrain, Canada

Written by: ( December 29, 2021 )

The financial regulator in Bahrain has given Binance, the largest cryptocurrency exchange in the world, its green light. That gives the exchange access to what could ultimately be a very lucrative market. In addition, Binance has secured entry into Canada’s cryptocurrency future with approval in the country, as well. Binance received in-principle approval by the […]

Cryptocurrency exchange Binance fined in Turkey over AML failings

Written by: ( December 27, 2021 )

Binance Turkey, part of the Binance global cryptocurrency exchange company, has been fined eight million lire (nearly $750,000) by the Financial Crimes Investigation Board (MASAK). The exchange failed an audit of the financial watchdog for anti-money laundering (AML) compliance. MASAK, Turkey’s financial intelligence unit, found Binance’s Turkey operations guilty of breaking laws to prevent money […]

The UK has ordered Binance to find $2.6 million stolen in hack

Written by: ( August 16, 2021 )

The world’s biggest cryptocurrency exchange has some tough work to do. It has been ordered by London’s High Court to help locate and freeze the accounts of cybercriminals who stole $2.6 million worth of cryptocurrency in a recent hack. An adjudicator conceded the solicitation of, an artificial intelligence (AI) FinTech firm, for Binance to […]