Tag: binance
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Shocking! Binance crypto boss Changpeng Zhao sentenced to 4 months in prison
The founder of the world’s largest crypto exchange has been sentenced to four months in prison for allowing criminals to launder money on his platform. Changpeng Zhao resigned from Binance in November and pleaded guilty to violating US money laundering laws. Binance was ordered to pay $4.3bn (£3.4bn) after a US investigation found it helped…
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Binance gets Dubai crypto license following CZ’s departure:
Binance, the world’s largest cryptocurrency exchange, received a long-awaited regulatory license in Dubai. Binance received its Virtual Asset Service Provider (VASP) license after co-founder Changpeng Zhao gave up his voting power in the exchange’s local entity, unnamed people familiar with the matter told Bloomberg on April 18. The Virtual Assets Regulatory Authority’s (VARA) final requirement for…
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Crypto apps get bull treatment in Q1: Binance tops the list
In the first quarter of 2024, Binance’s mobile app emerged as a leading platform in the fintech space, recording over 6.3 million downloads, driven by the crypto market’s resurgence and events like the approval of spot Bitcoin ETFs. In the wake of the first quarter of 2024, the crypto landscape continues to surge, punctuated by…
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Binance Pulls Bitcoin NFTs
In 2023, Binance made history by adding Bitcoin NFTs to its NFT marketplace, marking it as the fourth blockchain supported on the platform. At the time, the strategic decision positioned the crypto exchange to capitalize on the burgeoning Ordinals market, especially when it peaked. However, in a surprising turn of events less than a year…
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Philippines’ SEC set to block access to Binance
The Philippines’ Securities and Exchange Commission is planning to block access to the world’s largest crypto exchange Binance. This comes as the former chief last week stepped down and pleaded guilty to breaking U.S. anti-money laundering laws. We are yet to see the list of countries that will follow the trails of the USA in…
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Binance rolls out Web3 Wallet
Cryptocurrency exchange Binance has released its latest Web3 wallet that can be used to interact with the decentralized finance (DeFi) ecosystem. Users can now download and access the wallet through its app. The new product will work across 30 blockchain networks. This was announced at the Binance Blockchain Week conference in Istanbul. Making an announcement,…