Binance

Changpeng “CZ” Zhao, the founder and former CEO of crypto exchange Binance, was sentenced to four months in jail on April 30 in Seattle after pleading guilty to anti-money laundering violations. With buzz-cut hair and a navy blue suit, Zhao learned his fate in court, accompanied by his son, nephew, mother, and sister. Last year, […]

Bitcoin (BTC) has recently seen a significant price drop, leading to concerns among those who anticipated a surge following its halving event. Since the fourth BTC halving, which occurred on April 20 at 12:09 AM UTC, BTC has fallen by 11%. The price is currently 22% down from its March 14 all-time high of $73,737. […]

On April 25, the price of Bitcoin (BTC) fell below $64,000, triggering widespread liquidations of long positions across the crypto market. The price drop is attributed to several factors, including the arrest of Samourai Wallet founders, escalating geopolitical tensions in the Middle East, and post-halving volatility. As of writing, Bitcoin is trading at $63,306, down […]

In a court filing on April 23, US prosecutors said Binance founder and ex-chief executive Changpeng Zhao should serve 36 months in prison over the allegations of violating the anti-money laundering laws (AML). Zhao pleaded guilty in the US to anti-money laundering and sanctions violations in November 2023. He then stepped down from his chief […]

Crypto exchange Binance plans to make a comeback in India after clearing a roughly $2 million penalty. According to the Economics Times report, its re-entry will involve meeting new conditions, including registration with the Treasury Department’s Financial Intelligence Unit and adherence to relevant laws like the Prevention of Money Laundering Act and the VDA tax framework. […]

In a recent development, Binance’s OMNI Launchpool has reported deposits of the FDUSD stablecoin that have surpassed its officially reported total circulation by a significant margin. The platform initially showed deposits totalling $6.37 billion in FDUSD, which sparked intrigue among observers. This is notable, considering the stablecoin’s reported market capitalization is just below $4 billion. […]

Binance, one of the world’s leading cryptocurrency exchanges, announced that Omni Network (OMNI) is the latest project to be added to the Binance Launchpool. Notably, the spotlight shines on Omni Network (OMNI), offering investors a chance to delve into a novel blockchain architecture. Binance introduces the Omni Network (OMNI) Binance Launchpool, the breeding ground for […]

On April 5, crypto exchange Binance unveiled more stringent Know Your Customer (KYC) measures. Starting from April 20, users who have not submitted the required KYC information will no longer be able to access their sub-accounts created as part of the Binance Link program. This measure will affect the sub-accounts created solely for depositing cryptocurrencies. […]

Bitcoin (BTC) fell 5% to $65,970 from $69,450 in less than 30 minutes in the early hours of April 2 UTC. This marks a 10.60% drop from its peak of $73,798 reached in mid-March.  The price drop triggered a massive liquidation of over $483 million worth of leveraged crypto positions on centralized exchanges (CEXs) in […]