Binance Holdings Ltd., the world’s largest cryptocurrency exchange, will hire 1K new employees this year. Binance is significantly focusing on expanding its compliance team. This hiring spree comes as the company’s spending on regulatory compliance exceeds $200 million annually. Richard Teng, the CEO of Binance, shared these plans during an
Binance, one of the leading crypto exchanges, is currently being scrutinized internationally by regulators. However, the institution is not alone in its struggle as other leading firms such as Coinbase and Ripple have also faced challenges on the regulations front. Meanwhile, the crypto exchange despite the struggles has reported several
This week, the global cryptocurrency market has shown signs of recovery, with many tokens displaying positive price movements. However, the Fear and Greed Index remains at 45, indicating a neutral market sentiment. Despite this, the global crypto market cap has decreased by 1.59% to $2.1 trillion, and the total market
On its Spot trading platform, Bybit—the second-largest cryptocurrency exchange globally based on trading volume—is listing the much awaited $DOGS token. At 12:00 UTC on August 26, 2024, the listing will go live. Bybit’s commitment to provide the newest and most interesting tokens to its worldwide trading community is reflected in this
Terraform Labs, the company behind the troubled TerraUSD stablecoin, is progressing through its Chapter 11 bankruptcy proceedings. The U.S. Bankruptcy Court has set a “confirmation hearing” for September 19, 2024, to evaluate the company’s proposed restructuring and liquidation plans for Terraform Labs Pte Ltd. and Terraform Labs Limited. On August
AAVE has defied the market’s turbulence with a 36% surge over the past seven days. It recently reached a five-month high of $143. As of now, the token is trading at $135.98, reflecting a 5% increase in the last 24 hours. During the same period, trading volume has risen by
YeagerAI has announced the successful completion of a $7.5 million seed round for its GenLayer, an AI-powered Intelligent Blockchain, which was headed by North Island Ventures. World-class web3 venture capital firms, such as Arrington Capital, Node Capital, Samara AG, DCF Capital, WAGMI Ventures, Magnus Capital, MH Ventures, BlockBuilders, TykheBlock, ZK Ventures,
Brazil’s Securities and Exchange Commission (CVM) has greenlit a second Solana ETF, marking a notable step for crypto investments in the region. This new fund is set to be launched by asset manager Hashdex, a Brazil-based asset manager managing over $962 million in assets, in collaboration with local investment bank
Binance and its former CEO, Changpeng Zhao (CZ), are facing a new class action lawsuit filed by three crypto investors. The lawsuit alleges that the exchange failed to prevent money laundering, which, in turn, led to the plaintiffs’ inability to recover their stolen assets. The plaintiffs filed this complaint in
Bitcoin prices on particular occasions are influenced by external actions. For instance, the German government’s BTC selling caused major price drops in the crypto asset. One other notable action was the Mt.Gox transfers that occurred during the same time as the German government’s BTC selloffs. Notably, according to Arkham Intelligence
