Binance, a cryptocurrency exchange, revealed that its user base has reached 200 million people throughout the world. With the price of Bitcoin and altcoins reaching new highs, web3 use has been soaring, and this milestone follows on the heels of that. Despite regulatory challenges in some locations, Binance continues to
In the past few months, Nigeria and the USA have contested over the arrest of Binance Executive and US citizen, Tigran Gambaryan. This ongoing battle regarding Gambaryan’s prosecution has caught the market’s attention. Mohammed Idris, Minister of Information, made a statement on Wednesday defending Nigeria’s take on the case. He
The largest Japanese crypto exchange, DMM Bitcoin, made an official statement on Wednesday that it will raise 50 billion Yen to buy Bitcoin. The Bitcoin purchase worth $321 million is to reprimand customer losses over the recent security breach according to Bloomberg reports. On June 3, DMM Bitcoin reported a
Several of the biggest international exchanges have withdrawn their applications for licenses from Hong Kong’s Securities and Futures Commission (SFC), seemingly undermining Hong Kong’s hopes of becoming the most sought-after location for Web3 and cryptocurrency. Exchanges, including OKX, Huobi, and Binance, have reportedly chosen to withdraw their applications in the
An appeal was successful by crypto exchange Binance’s subsidiary Binance US, against the Emergency Suspension Order (ESO) issued by the state regulator of Florida, according to a decision handed down by the Florida First District Court of Appeal on Wednesday. Changpeng Zhao and Binance Holdings’ plea agreements for failing to
Reports indicate that the US Department of Justice (DOJ) has entrusted the international consultant company Forensic Risk Alliance (FRA) to oversee Binance’s compliance with regulatory mandates for the next three years. As part of its November 2023 plea bargain, Binance admitted to federal accusations of money laundering and paid a
The U.S DOJ have filed charges against Kucoin Exchange and its co-founders Chun Gan and Ke Tang, alleging that they broke many laws in their pursuit of building a dominant trading platform in the emerging cryptocurrency market. United States Attorney for the Southern District of New York Damian Williams and
Richard Teng, the current CEO of Binance, according to Bloomberg has stated that he thinks bitcoin (BTC) will reach $80,000 by the 2024 end. According to Teng, “with supply reducing and demand continuing to come through,” he anticipates that the biggest cryptocurrency in the world will surpass his earlier prediction
In a tumultuous period for cryptocurrency exchanges in Nigeria, Binance Nigeria has come under intense scrutiny as it facilitated transactions exceeding $26 billion from unidentified sources within the past year. The digital assets platform, known for its peer-to-peer trading model, allows users to engage in buying and selling cryptocurrencies with
The sentencing for the largest crypto exchange, Binance founder Changpeng Zhao, also known as CZ, on a money laundering charge, has been postponed until April 30, as per the announcement made by the Seattle Federal Court. Originally set for Feb. 23, the delay’s reasons remain undisclosed. Zhao’s sentencing has garnered
