The decision in the tax evasion trial against Binance, a cryptocurrency exchange, is expected from a Nigerian court on October 11th. Among Binance’s four accusations of tax evasion is a failure to register with the Federal Inland Revenue Service (FIRS) of Nigeria. Local media reports that Ayodele Omotilewa, a lawyer
The world’s largest crypto exchange, Binance, is reportedly finalizing negotiations with Megazone, a South Korean cloud service provider, to sell its ownership stake in Gopax. According to the South Korean local news report, this move is part of Binance’s strategy to enhance its governance structure in response to regulatory requirements
As part of its seventh anniversary celebration, Binance, the world’s largest cryptocurrency exchange based on trading volume and the leading global blockchain ecosystem, today announced the launch of its worldwide campaign, “Be Binance.” Over 200 million people worldwide will be able to join in on the celebration of this milestone. Rachel Conlan, Chief
The Funding Rate, a key indicator of sentiment in the derivatives market, has recently experienced a notable spike for Binance Coin (BNB), suggesting a potential shift in market dynamics. As a reflection of traders’ positions, the Funding Rate for BNB jumped to 0.013% on July 3, raising questions about the
Binance US, the American arm of the giant cryptocurrency exchange, is prepared for an extended legal battle with the Securities and Exchange Commission (SEC). The company emphasizes its commitment to regulatory compliance while criticizing the SEC’s approach to enforcement. Despite a prolonged 11-month discovery process, the US entity claims that
In Monday’s most recent burn event, crypto exchange, Binance, burnt 1.7 billion Terra Luna Classic (LUNC) tokens. The exchange has burnt over 62 billion LUNC so far, after the 23rd batch of the LUNC burn mechanism. According to the burn transaction that took place on July 1, Binance burnt 1.7
The US District Court of Columbia’s Judge Amy Jackson, passed her verdict for the Binance Vs. SEC case, dismissing partial claims of SEC. One of the dismissed claims, the SEC’s charge that Binance violated the Securities Act, received immense positive support from the crypto community. This is due to the
In a pivotal legal showdown, the largest cryptocurrency exchange Binance faced a mixed outcome in a recent court ruling against the U.S. Securities and Exchange Commission (SEC). Judge Amy Berman Jackson decided to proceed with several claims from the SEC, including allegations related to Binance’s staking program. And initial coin
Crypto exchange Binance announces its ways to address the misuse actions by account holders. It stated that some of the platform’s features are exploited by users to gain unfair advantages including better fee rates and extending API limits. To prevent such actions, the exchange plans to reward individuals for reporting
2024 is set to be a thrilling year for crypto enthusiasts and investors. With new projects on the rise, crypto launchpads are the gateways to early-stage investments that could skyrocket. Here are the top 5 crypto launchpads you need to watch this year, including a promising new contender that’s making
