Browsing Tag
Ukraine Calls On Crypto Exchanges To Block Russian Users
Ukraine Seeks to Cut Off Crypto Access for Russians and BelarusiansThe Ukrainian official called for the widespread restrictions in a statement via Twitter on February 27, following Russia's invasion of Ukraine a few days earlier. According to Fedorov "It's crucial to freeze not only the...
Eyebrows Raise As Binance Announces A $200m Investment Into Forbes
Binance, the world’s largest cryptocurrency exchange by trading volume, recently announced that it is making a $200 million investment into Forbes. The move came as a surprise to many, both inside and outside the crypto industry. The investment will make Binance one of the biggest...
Why Is Binance Banned In The USA? Examining The Issues
Founded in 2017 by Changpeng Zhao, Binance grew to be the biggest cryptocurrency exchange in the world. However, in 2021 the United States Department of Justice along with the Internal Revenue Service began investigating the exchange on allegations of money laundering and tax offenses. The...
Reuters: Binance Practiced Poor KYC
Binance Reportedly Ignored Warnings About Weak KYC Binance often made headlines in 2021–not all of them were positive. Regulators in different countries issued warnings against the cryptocurrency exchange giant and its affiliates, stating that the firm was not licensed to operate in their jurisdictions. From...
Binance Partners With Energy Firm To Establish Crypto Exchange In Thailand
A Possible Cryptocurrency Exchange in ThailandThe Gulf Energy Development announced the agreement between its subsidiary Gulf Innova and Binance in a letter written to the Stock Exchange of Thailand on Monday (January 17, 2022). According to the energy company, the collaboration with the exchange giant...
CRO Vs. BNB – The Battle Of The Exchanges Heats Up
With many exchanges littering the crypto industry, it becomes an onerous task to choose the best. Beyond choosing the best exchange, you may also want to invest in exchange-listed tokens, and there is no better place to do that than directly from the exchange itself....
Binance CEO Changpeng Zhao Is The Richest Person In Crypto
CZ is a Bona Fide Crypto MogulAccording to a Bloomberg report, Zhao's worth is about $96 billion, as estimated by the Bloomberg Billionaire Index. Meanwhile, CZ's worth could be much higher, considering that the Binance CEO's personal crypto holdings were not taken into account. Zhao's...
Exchange Giant Binance Is Now A Licensed Entity In Canada And Bahrain
Binance, the largest cryptocurrency exchange platform, has had a rough year in terms of regulatory approval. However, the exchange is now closing the year with a piece of good news after the CEO, Changpeng Zhao, confirmed that it had obtained two critical licenses. The exchange...
How To Track Crypto Trading For Tax Purposes
Although the IRS will be tracking crypto trading information via the brokers, all Investors are advised to also keep their records. Every investor should track all his potential taxable transactions and the crypto fair market price throughout these activities. This will help them ensure the...
PlaceWar — A Gaming ICO That Sold Out Almost Immediately
PlaceWar creates an open game environment in the metaverse where the players set the rules. Therefore, a guaranteed gaming experience has never been seen in other crypto games. Furthermore, it integrates battle and creation under an incentive mechanism to support both. The project raised over...
The Best Places To Buy Crypto Anonymously
Any website you visit and register at may collect data like your IP address, the advertisements you click on, the web/mobile browser that you use, how often you visit the website, and, of course, personal identification information like your name, date of birth, email address,...
Binance Partners With Indonesia Telecom Giant To Establish Local Crypto Exchange
A Local Crypto Exchange Platform in IndonesiaAccording to a press release, the partnership between Binance and MDI aims to broaden the blockchain ecosystem in the country. To support the development of the Indonesian crypto exchange, Binance will provide infrastructure and technology. The latest development comes...
Gemini Seeks New APAC Head For Singapore Regional Headquarters
Gemini Looking to Hire New APAC LeadAnonymous sources familiar with the matter revealed Ng's departure from the APAC region of the U.S.-based cryptocurrency exchange and custodian. However, there are no reasons why Ng left his position, with no official statement yet from Gemini or the...
Binance Singapore Withdraws License Bid
Binance Singapore has announced plans to withdraw its application for a license allowing it to operate in Singapore. As a result, Binance will phase out Singapore users from the platform by February 13, 2022. With Singapore having one of the most progressive crypto regulatory frameworks,...
Binance Reportedly Discussing With Major Indonesian Institutions To Launch Local Crypto Exchange
Binance Seeking Greater Crypto Adoption in IndonesiaAccording to Bloomberg, Binance is discussing with PT Bank Central Asia (BCA), owned by Indonesian billionaire brothers Michael and Budi Hartono, and PT Telkom Indonesia, the largest telecom operator in the country, about establishing a local cryptocurrency exchange. The...
The Best Trading Platforms Without KYC Requirements
However, the signup process is currently tedious, and it can take several minutes to complete the account opening process. Many crypto brokerage firms have been forced to install KYC verification processes to comply with regulations that seek to curb the use of cryptocurrencies for money...
Binance CEO Announced Plans To Open A Dedicated UK Arm
Binance, the largest cryptocurrency exchange platform by trading volumes, is moving towards the UK market again. This comes after the exchange faced a regulatory crackdown by the Financial Conduct Authority (FCA) earlier this year. Binance has faced several regulatory crackdowns lately. The several bans on...
Binance Restores DOGE Withdrawals, Days After Elon Musk’s “Shady” Tweet
Some Dogecoin traders on Binance, the largest cryptocurrency exchange platform, have been having a hard time making their withdrawals. This glitch started after the Dogecoin network announced that it would be having updates, which led to some users receiving Dogecoin that was not theirs, and...
Changpeng Zhao — Who Is The Man Behind Binance
BiographyChangpeng Zhao, otherwise known as CZ, is a Chinese-Canadian business director and the creator and CEO of Binance. Binance is the third-largest cryptocurrency by market capitalization after Bitcoin and Ethereum. Apart from his role in Binance, Zhao has become a social media personality in the...
Spanish Regulator Criticizes Andres Iniesta For Advertising Binance
The Spanish market regulator, National Securities Market Commission (CNMV), has issued a warning to legendary soccer star Andres Iniesta for promoting cryptocurrency investments, stating that such investments are risky. Iniesta recently advertised Binance, the largest cryptocurrency exchange platform on his social media handles. Iniesta is...
Elon Musk And Binance Trade Barbs Following DOGE Withdrawal Limits
The richest man in the world, Elon Musk, has criticized Binance over its latest issues regarding withdrawal limits on Dogecoin. Dogecoin is Musk’s favorite cryptocurrency, and this latest admission shows that he is still in support of the meme coin. The recent remarks by Musk...
Binance Holds Discussion With Sovereign Wealth Funds For Investment Purpose
Binance not Relenting on Improving Relationship with Global RegulatorsSpeaking in an interview with the Financial Times, which was published on Tuesday (Nov. 23, 2021), Binance CEO Changpeng Zhao revealed that it sought out investment for sovereign wealth funds, in order to boost its standing with...
Binance Is The World's Largest Exchange By Volume — Can It Keep The Crown?
The exchange attends to over 30 million users daily, with over 350 coins available for trading. Spot trading, futures contracts trading, margin trading, and p2p trading are all available on Binance. The exchange also has a Liquid Swap feature for quick swapping of coins, a...
Binance Seeks To Change Regulatory Image With More Master Class Training Courses
Binance, a cryptocurrency exchange founded in 2017, has grown to be one of the largest exchanges in the world. It offers trading for more than 190 crypto-assets and provides its coin known as BNB (Binance Coin). He saw an opportunity for a new exchange with...
Binance CEO Says His Crypto Portfolio Is Made Of BTC And BNB
The CEO of Binance, Changpeng Zhao, has announced that he only holds Bitcoin and Binance Coin in his investment portfolio. Zhao stated that the Bitcoin in his portfolio was bought in 2014, during the cryptocurrency's early years. Zhao noted that Binance Coin made the largest...
Binance Users Reportedly Asked To Refund DOGE Tokens After Halting Withdrawal Function
DOGE Network Withdrawals Temporarily SuspenedBinance announced the news of the withdrawal suspension on Thursday (Nov. 11, 2022). According to the exchange, the action was taken after discovering "a minor issue with the DOGE network withdrawals" on the platform. While the exchange did not mention the...
Binance Seeks To Change Regulatory Image With More Masterclass Training Courses
Binance - The Most Popular Crypto ExchangeAt the forefront of this move are some of the biggest crypto exchange platforms, such as Binance, around which communities have been built. For a new and innovative industry that is disrupting the way traditional finance institutions operate, the...
Bitfury Appoints Former US OCC Head As New CEO
Former Acting Comptroller of the Currency Leads BitfuryBitfury announced the news of the appointment via a press release on Thursday (Nov. 4, 2021). An excerpt from the announcement reads: "Mr. Brooks will lead the 10-year-old crypto unicorn as it launches a new funding round, increases...
What Is BNB And How Does It Work? A Guide To Binance’s Token
Binance Coin or BNB is the native cryptocurrency issued by the world’s largest digital asset exchange, Binance. The coin’s primary function is to fuel Binance’s operations in order to establish a sustainable ecosystem. At the time of writing, Binance Coin had a market cap of...
Kraken Vs Binance – Which Offers The Best User Experience?
FeesBoth Kraken and Binance use a maker-taker fee structure system, which allows them to charge very low fees. At first impression, Kraken's fees appear to be lower than Binance's; Kraken charges up to 0.26 % on every trade, whereas Binance charges up to 0.10 %....
Binance Is Reconstructing To Meet Regulatory Requirements – Will It Work?
Founded in Hong Kong in 2017, Binance has since not had a physical address. Its most crucial focus is on altcoin trading and offers crypto trading in more than 500 crypto coins. In the wake of China's strict crypto regulations, Binance moved its headquarters to...
Binance Coin (BNB) Vs. KuCoin Token (KCS) – Which Is Better?
Binance and KuCoin are two leading centralized crypto exchanges. Binance, the largest exchange by trading volume, boasts an impressive 28 million users from around the globe. KuCoin, on the other hand, has a more modest memberbase compared to its rival platform, possessing around 12 million...
China's Huobi Exchange To Cease Chinese Mainland Trading
Huobi Global, a major cryptocurrency exchange that provides service to users in mainland China has announced that it will be ceasing all operations this year. About HuobiIn 2013, Huobi global was formed by Leon li; the crypto exchange was founded in Beijing. Huobi's response to...
Binance Is Still Considered The Best Crypto Exchange – Why?
Other than Binance, there are several other exchanges, including Kraken, Coinbase, Coinbase Pro, Huobi, EToro, OKEx, KuCoin, Robinhood, among others. Despite the length of this list, Binance remains the most desirable exchange crypto trader, let's review why. Why Binance is still the best crypto exchangeBelow...
According To Binance – Traders Need To Control Fear And Greed
As Changpeng Zhao, the founder, and CEO of cryptocurrency exchange Binance, tweeted recently, you need to handle fear and greed to be a successful trader. But that doesn’t in the least mean that handling one’s fear and greed is an easy task since otherwise, the...
Will The Regulatory Crackdown On Binance Lead To FTX's Rise?
Although today there are hundreds of crypto trading platforms, a few are as big and influential as Binance, FTX, and Coinbase that process the bulk of the crypto trading transactions today. These crypto exchanges command a market cap of billions of dollars and play a...
Binance To Cease Certain Offerings To Traders In South Africa
Binance has said that that it would discontinue some products available to its clients in South Africa. South Africa Joins the ListThe cryptocurrency exchange announced the news via a press release on Friday (October 8, 2021). According to the announcement, Binance users in South Africa...
Coinbase Pro Vs Binance – Which Is Better?
In the world of cryptocurrency exchanges, there are two names that constantly keep appearing in the spotlight due to their importance for the cryptocurrency market. These are Binance, the biggest exchange by trading volumes, and Coinbase, a regulated, user-friendly experience for cryptocurrency newbies. These two...
Hedge Funds Pulling Plug on Binance Amid Growing Regulatory Concerns
The troubles of leading cryptocurrency exchange, Binance, are far from over. This year, the exchange has been at the center of various controversies with regulatory bodies in multiple countries. These regulatory concerns have also led to some payment providers cutting ties with the exchange. Now,...
NatWest Joins Barclays and Santander to Ban Binance Payments
NatWest, one of the most important U.K.-based banks, has decided to block wires to Binance, citing security worries as the main reason behind the measure. Now, more than 7 million customers of NatWest will be unable to route their payments to the exchange directly. The...
Binance Announces It Will Stop Margin Trading With 3 Major Currencies
On January 3, 2009, Bitcoin was officially born, not just as an idea, but as an operation. With the first transaction in its history, transmitted to the blockchain network, Satoshi Nakamoto registered in the genesis block a message that would change forever the future of...
Binance Hits Another Wall, This Time In Singapore
Following regulatory issues in countries like Germany, the UK, the US, Japan, and others, Binance now hit a new wall. This time, the exchange is seeing trouble in Singapore, once again accused of offering unlicensed service. Singapore’s MAS requested that the exchange halts all payment...
FTX Wallet Adds Support For BUSD, BNB And Launching NFT Sports Platform
The FTX wallet now supports Binance Coin (BNB) and BUSD—Binance’s minted stablecoin. It comes as a relief for FTX traders and for BNB investors who may wish to jump in and out of traders without shuffling several dApps to access their coins. Even as the...
Kraken Suffers Major Outage After Crypto Rebounds – What happened?
While exchanges play an enabling role in the digital asset arena, they are not always ready to serve a rapidly explosive market. When traffic over the blockchain networks spike, the ability of these exchanges to effectively and efficiently serve becomes questionable. The cryptocurrency market is...
Fear And Greed Index Has Record Time At Extreme Fear – What This Means?
One of the famous quotes on Wall Street is that “two strong emotions drive financial markets- greed and fear”. Whenever there is a spread of extremely contagious diseases, such as with Covid-19 in 2020, fear and greed will be witnessed in the entire investment community....
Binance Winds Down Derivative Products In Germany, Italy And Netherlands
Binance has been facing tough regulatory scrutiny worldwide. In response to this, Binance has stated that it is halting derivatives product services in Germany, Italy and Netherlands. The largest cryptocurrency exchange, Binance, has announced that it will halt futures and derivatives trading in these three...
Uniswap Labs Restricts Access To Over 100 Tokens On Its Own Interface
Uniswap Labs, the software development firm contributing to the Uniswap Protocol, has imposed limitations on several tokens. According to the firm, the tokens under question have always contributed a small portion of the volumes of the Uniswap protocol. “To continue to innovate and provide this...
Uniswap (Decentralized Exchange) vs Binance (Centralized Exchange)
One of the most well-regarded decentralized exchanges in the cryptocurrency ecosystem is Uniswap. Uniswap is presently the topmost Ethereum-based decentralized exchange based on the number of users and trading volume. Meanwhile, Binance is also among the most well-known centralized cryptocurrency exchanges. It is the best...
Binance Coin’s Price Unaffected By A Recent Burn Of $400m In BNB
Burning coins and tokens in the crypto industry is quite a common process that has a goal of reducing the circulating supply and increasing the price of said coin or token. Many projects with massive supply have used this method to improve the individual coin’s...
CONSOB Joins the List Of Regulators Warning Against Leading Crypto Exchange, Binance
Binance is not Authorized in Italy According to the regulator, the newly issued warning referred to Binance.com, which crypto investors use to access crypto trading services. The regulator went ahead and urged investors to be cautious when making investments affiliated with Binance. "Consob warns savers...
Binance Introduces New NFT Marketplace
Recently, even the world’s largest crypto exchange by volume, Binance, announced plans to launch a brand new marketplace for new digital assets, naming it Binance NFT. Binance Expanding Operations Of course, I would hardly call this surprising, given that Binance has jumped on every trend...
Why Binance is Facing Regulatory Scrutiny – All You Need to Know
The cryptocurrency industry is a large one and there is a lot required to keep it running. There are many factors that influence the industry and exchange platforms are a great example. Exchange platforms are responsible for the trading and swapping of digital assets across...