As regulatory hurdles continue to pile up, crypto exchange Binance has stated its plan to sell its shares in GOPAX, a significant exchange in the South Korean crypto market. As the biggest stakeholder with a substantial 72.26% stake, Binance established its relationship with GOPAX via its purchase of the exchange.
Uzbekistan is preparing to confront Binance over unregistered operations in the nation. Legal action against Binance for operating illegally in the nation has been declared by the National Agency for Prospective Projects (NAPP). This action highlights the growing regulatory expectations placed on cryptocurrency exchanges throughout the world. Moreover, the NAPP
In the ever-evolving landscape of cryptocurrency regulation and exchange compliance, Zcash is at a crucial crossroads. Following an announcement from Binance, one of the world’s leading cryptocurrency exchanges, that it would cease listing Monero (XMR) and other privacy-focused tokens, Zcash is taking proactive measures to ensure its continued presence on
Following Binance’s announcement that it would delist the Monero (XMR) privacy coin from its platform, the price of the privacy-focused cryptocurrency fell to levels not seen in months. Binance said on February 6 that Monero (XMR) would be delisted from the exchange on February 20, 2024, along with other currencies
Binance’s recent listing of the RONIN (RON) token has stirred controversy after it was revealed that certain team members had early access, prompting a sharp decline in its price. In response to the uproar, the world’s largest crypto exchange co-founder, Yi He, has pledged to bolster confidentiality measures surrounding listing
In the role of Deputy Chief Compliance Officer, Binance has recruited Steve Christie, formerly of the cryptocurrency exchange’s Senior Vice President of Compliance. Christie will collaborate with regulators, industry heavyweights, and others to ensure that Binance remains in line with regulatory procedures while also strengthening the crypto exchange’s worldwide compliance
In the 18th batch of the LUNC burn mechanism, crypto exchange Binance, burnt 2.1 billion Terra Luna Classic (LUNC) tokens. With almost 50 billion LUNC burnt so far, the crypto exchange accounts for 52.4% of all tokens burned by the Terra Luna Classic community. The Terra Luna Classic community has
After the biggest breach of 2024 thus far—a $112 million attack on Ripple co-founder Chris Larsen’s personal wallet on January 31—cryptocurrency exchange Binance froze $4.2 million worth of XRP. Richard Teng, CEO of Binance, took to social media to announce that the exchange has blocked the exploiter’s address. He also
In a resounding success for Pyth Network, the PYTH token has become the talk of the town, soaring to new heights as the top gainer in the cryptocurrency market. The digital asset has experienced an impressive 29% surge in the past twenty-four hours, accompanied by a remarkable 239% spike in
UniLend Finance, the decentralized finance (DeFi) platform, is set to launch its much anticipated UniLend V2 on Ethereum Mainnet on 12th February 2024. Following meticulous testing, community collaboration, and relentless development, the team is gearing up to introduce the world to its cutting-edge multichain permissionless lending and borrowing protocol. UniLend’s
