The Binance Foundation recently completed its 27th quarterly BNB token burn on the BNB Chain, marking another significant milestone in the platform’s ongoing efforts to reduce the total supply of BNB tokens. During this process, the platform permanently removed 1,944,452.51 BNB tokens, valued at approximately $1.17 billion at the time
U.S prosecutors submitted a court filing alleging that Binance founder Changpeng Zhao violated anti-money laundering rules (AML) and recommended a 36-month jail sentence for Zhao. The most recent information is that on April 30, Zhao, who resigned as Binance head in November of last year, would be sentenced. A maximum
Plaintiffs in a new class-action lawsuit in Canada are claiming that Binance, a cryptocurrency exchange, has broken Canadian securities rules. On April 19, the certification motion for the class-action lawsuit against Binance was published by Ontario’s Superior Court of Justice. The lawsuit claims that Binance provided crypto derivative products to
Today, Binance, the leading blockchain ecosystem behind the biggest cryptocurrency exchange globally in terms of trading volume, revealed the launch of its much awaited spot copy trading strategy tool. In May 2024, the functionality will be completely pushed out for all users. Experienced users who fulfill the minimum portfolio asset size criteria may
The cryptocurrency market has witnessed a surge in buying pressure over the past weekend, leading to a significant uptick in price action across the board. Bitcoin, the market leader, has surpassed the $66,000 mark following the highly anticipated Bitcoin Halving event, setting a positive tone for the entire crypto space.
The cryptocurrency landscape is buzzing with anticipation as Binance (BNB) traders set their sights on a promising new contender, Shiba Budz (BUDZ). As the digital asset market continues to evolve, the emergence of Shiba Budz (BUDZ) is drawing significant attention, with many predicting that it will soon grace Tier 1
The world’s biggest cryptocurrency exchange by trading volume, Binance, the leading global blockchain ecosystem, announced the launch of ‘Megadrop’ today. Transparent incentives are offered to qualified participants on this groundbreaking token launch platform. Megadrop, which is now available on the global exchange, is a further demonstration of Binance’s commitment to leading the
Although the Indian government outright banned Binance earlier this year, the biggest cryptocurrency exchange in the world is getting ready to rejoin the Indian market. According to those familiar with the situation, Binance’s re-entry plan includes paying a fine of around $2 million. In order to demonstrate its dedication to
By securing the Virtual Asset Service Provider (VASP) license in Dubai, Binance Holdings Ltd. has accomplished a major milestone. This accomplishment showcases Binance’s dedication to successfully negotiating the complex regulatory environment while relentlessly expanding its worldwide footprint. To ensure compliance with legal requirements and to facilitate the effortless acquisition of
The recent market crash caused Binance coin (BNB) price to take a hit, losing ground above the crucial $600 level and breaking below a critical support trendline. This breakdown has shifted the dynamics in the Binance price chart to the bearish side, raising concerns about a potential correction. But these
