Binance Australia, a cryptocurrency exchange, recently made the decision to halt Australian dollar (AUD) bank transfers. This move has raised concerns and sparked curiosity among cryptocurrency traders and enthusiasts. The decision was likely prompted by regulatory uncertainties and increasing scrutiny surrounding cryptocurrency operations in Australia. Binance Australia’s decision to suspend AUD bank transfers could be […]
Binance, one of the world’s largest cryptocurrency exchanges, has recently announced its decision to leave the Canadian market following the implementation of tighter regulations by Canadian authorities. This move comes as a result of increased scrutiny and concerns from regulatory bodies regarding the operations of cryptocurrency exchanges within the country. The Canadian government has been […]
Binance, the largest cryptocurrency exchange, has suspended Bitcoin withdrawals twice in the past 12 hours. Despite causing alarm in the community, the exchange has reassured users that their funds are secured. Now at press time, the organization announced plans to introduce withdrawals via the BTC Lightning Network. A couple of hours back, Binance made an announcement that […]
On April 26, 2023, Binance US announced that it had canceled its planned acquisition of Voyager Digital, a crypto broker. The announcement came as a surprise to many, as the acquisition had been expected to go through smoothly. Binance US did not provide any specific reasons for the cancellation of the acquisition, but it cited […]
Voyager has taken to Twitter to reveal that Binance.US has terminated its asset purchase agreement. Moreover, the news arrives after the federal government greenlit the $1 billion acquisition deal that was put in place by the American arm of the crypto exchange. Following its previous halting of the proposed acquisition. Today, Voyager announced that they had received a letter terminating the agreement. […]
Launched in July 2017, Binance is the largest cryptocurrency exchange globally by daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind the name Binance is to represent this new paradigm in global finance which is Binary Finance, or Binance. Apart from being the largest cryptocurrency […]
Back in November, after the collapse of FTX, the exchange’s rival, Binance decided to roll out the Industry Recovery Initiative. The initiative planned to provide aid to cryptocurrency projects that were enduring a liquidity crisis post the FTX crash. This fund continues to entail $1 billion worth of Binance USD Coin [BUSD]. More recently, Changpeng […]
A federal US bankruptcy court signed off on Voyager’s long awaited restructuring plan on Tuesday, with Binance.US officially stepping in as the crypto credit company’s expected financial savior. Binance.US has agreed to cough up $1.3 billion in the process, according to multiple reports, in an agreement to acquire Voyager’s assets. The billion dollar-plus payouts, according […]
Binance has launched an Anti-Fraud Campaign in partnership with law enforcement agencies around the world to combat the “alarming trend” in crypto-related fraud. “So far, the project has achieved great results,” Binance claims. Cryptocurrency exchange Binance announced on Friday it had recently launched a campaign to fight cryptocurrency-related fraud in partnership with law enforcement agencies. […]
Binance CEO Changpeng Zhao (CZ) announced the launch of a new Artificial Intelligence (AI)-powered Non-Fungible Token (NFT) platform, called Bicasso, in a Twitter post. He added that the product is still in beta and limited to 10,000 candies. Sharing the launch of Bicasso on Wednesday, Zhao tweeted, “Here’s a fun new Binance AI product called […]