Changpeng Zhao (CZ), CEO of Binance, the largest cryptocurrency exchange in the world, announced the opening of a local office in Bucharest, Romania, while on a tour of Eastern European countries. In addition, beginning in the month of October, the trading platform’s customer assistance will be available in Romanian. The
The community is pushing Binance to allow the tax burn on off-chain. The price of Terra Classic (LUNC) dropped by roughly 10% in an hour. In an Ask Me Anything session on Friday, Binance CEO “CZ” claimed the cryptocurrency exchange will not be implementing the 1.2% tax burn for off-chain
Existing user balances in these coins will be automatically converted to BUSD. On September 26, spot market pairings for all three stablecoins would be delisted. Indian cryptocurrency exchange WazirX has just stated it would be delisting three stablecoins. USD Coin (USDC), Pax Dollar (USDP), and TrueUSD (TUSD). Existing user balances
Binance hopes to recruit two hundred new employees before the end of the year. Already, 150 people have employed to run the exchange in Paris. During Binance Blockchain Week Paris 2022, Binance CEO and founder Changpeng Zhao (CZ) gave a keynote address. During his talk, CZ praised the planned MiCA
WazirX accounts Unfrozen by India’s Enforcement Directorate. Finance Minister brought the illegal loan apps with connections to China into the spotlight. WazirX, a cryptocurrency exchange, announced on Monday that, more than a month after the Enforcement Directorate (ED) of India had frozen its bank accounts had been “Unfreeze.” The ED
The stablecoins code was released into GitHub by its developers. Over-collateralization ensures the new currency will maintain its $1 peg in the market. With the DeFi protocol Curve Finance, a new dollar-pegged stablecoin may soon be available. On Tuesday, the stablecoins code was released into GitHub by its developers. The
Musk has pledged $44 billion to purchase Twitter for $54.20 a share. Musk alleged that Twitter misrepresented the prevalence of spam accounts. Elon Musk, CEO of Tesla, tweeted out a snapshot of many fictitious accounts purporting to be Binance CEO Changpeng Zhao’s replies to Musk yesterday and claimed that “90%
Meirelles is all set to join Binance’s advisory board. In 2003, Henrique Meirelles was elected president of the Central Bank of Brazil. Despite the ongoing Crypto Winter, the world’s biggest exchange by trading volume, Binance, is making strides to grow its staff. A former governor of Brazil’s central bank has
The new digital economic zone will assist companies make the switch to blockchain. Collaboration would attempt to establish a “virtual free zone” similar to Dubai’s. Binance and Nigeria are in talks to establish a blockchain-based digital economic zone in Nigeria. The team at Binance has been on a massive expansion
Binance was subpoenaed to provide any and all data pertaining to any and all files. Exchanges must register with the Treasury Department and adhere to AML rules. Binance was requested by U.S. authorities to hand over records. This was pertaining to the company’s anti-money laundering measures, as well as messages
