Binance

HKVAEX,  linked to the world’s largest crypto exchange Binance, which goes by its company name, BX Services Ltd, has withdrawn its virtual asset trading platform license application. The SFC website now lists BX Services Ltd among the companies whose license applications have been returned, refused, or withdrawn in Hong Kong. On Thursday, March 28, this […]

According to local reports, detained Binance executive Tigran Gambaryan filed a lawsuit against Nigeria’s National Security Advisor (NSA) and the Economic and Financial Crimes Commission (EFCC) on March 28 for violating his basic human rights.  Nigerian authorities detained Gambaryan, a US citizen overseeing the exchange’s crime investigation unit, along with Nadeem Anjarwalla, Binance’s regional manager […]

In a significant move that underscores its commitment to fostering innovation in the blockchain space, Binance Labs, the venture capital and incubation arm of the global cryptocurrency exchange Binance, has announced its investment in StakeStone. The strategic partnership marks a pivotal moment for developing omnichain liquidity networks, promising to enhance liquidity distribution across emerging blockchain […]

The Philippines’ Securities and Exchange Commission (SEC) is blocking local user access to Binance, the world’s largest cryptocurrency exchange, citing concerns over the firm’s unlicensed operations in the country. The ban will take effect within three months to offer investors time to sell any shares they may have acquired through Binance, according to a March […]

In a press release on March 25, crypto exchange Binance announced its decision to end support for deposits and withdrawals of USD Coin (USDC) — a prominent dollar-pegged stablecoin — through the Tron (TRC20) network.  As of April 5, at 02:00 AM (UTC), users will no longer be able to process USDC transactions utilizing the […]

The price of Bitcoin (BTC) faced a deep correction from its all-time highs during early-day trading on Tuesday. At the time of writing, the largest cryptocurrency by market cap was trading at $63,100, down nearly 7.51% over the past 24 hours. The price drop sparked massive liquidations of leveraged crypto positions worth over $659 million […]

Binance started a detailed probe into claims about the BOME, a meme coin built on Solana. These claims arose from the “BOME rat warehouse” event after community talks and worries over possible insider trading. After that, the exchange quickly acted by kicking off an internal investigation. Binance Looks Into the BOME Rat Warehouse Situation In […]

In a major shakeup, Binance spun off its massive $10 billion venture capital arm earlier this year. This investment division, known as Binance Labs, is no longer part of the wider Binance Group. However, it has been authorized to continue using the prestigious exchange brand name. Let’s take a closer look at the details. According […]

Thailand’s Securities and Exchange Commission (SEC) has greenlit asset management firms in the country to launch private funds to offer Bitcoin (BTC) exchange-traded funds (ETFs). However, these private Bitcoin ETF funds will only be available for institutional investors and “ultra-high-net-worth individuals.”  According to a March 12 report from the Bangkok Post, private funds managed by […]