Singapore-based blockchain start-up Web3Go has raised $4 million in a seed round led by Binance Labs, the venture capital and incubator arm of crypto exchange giant Binance. According to the press release, other participants in the seed round financing included Hashkey Capital, NGC, Shima Capital, IVC, LIF, Big Brain Holdings, and Archerman Capital. Web3Go, a Binance Labs’ incubation program graduate, has also been selected for additional programs, […]
Binance Labs and CoinFund have co-led a $10 million funding round for Neutron, a cross-chain smart contract platform focused on interchain security within the Cosmos ecosystem. Binance Labs, the investment arm of leading cryptocurrency exchange Binance, took the lead in the funding round, Binance said in a Wednesday blog post. Cryptonative investment firm CoinFund co-led the funding. Delphi Ventures, LongHash, and Nomad also participated in the round. […]
Binance is under investigation by French authorities for “acts of aggravated money laundering,” an official for the Paris public prosecutor’s office told Bloomberg. The world’s largest cryptocurrency exchange is also being investigated for the “alleged illegal provision of digital asset services, the official said. A Binance spokesperson said the exchange had an onsite visit by French […]
One of the world’s largest crypto exchanges, Binace said in an announcement on Twitter on Monday, June 12, 2023, it will exchange 750 million pairs of tether (USDT) and tron (TRX) tokens for tether (USDT) and ether (ETH) in an effort to maintain stablecoin liquidity. The move comes amid new regulatory scrutiny on the world’s […]
Crypto fraud accusations against Binance and its CEO Changpeng “CZ” Zhao are casting a shadow over the reputation of the industry giant. Prominent market commentators, among them analyst Dylan LeClair and Swan Bitcoin CEO Cory Klippsten, have implied that Binance could be guilty of underhanded market dealings to inflate the value of its native token, […]
Binance, the world’s largest cryptocurrency exchange by trading volume, has been ordered to cease operations in Nigeria by the country’s Securities and Exchange Commission (SEC). In a recent statement, the regulator declared the operations of Binance “illegal” in the West African nation, stating that the cryptocurrency exchange was neither registered nor regulated by the commission. “Any […]
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 […]