Binance
Centralized systems are here to stay, says Binance CEO CZ
In a tongue-in-cheek hot seat video to round off 2021, Binance CEO Changpeng Zhao, or “CZ,” responded to a series of curated Tweets from the Binance community. The Chinese-Canadian business executive’s standout message was that centralized exchanges such as Binance would remain relevant in 2022 and beyond. Riposting to a loaded tweet about centralized finance’s dark side as well as the future of decentralized finance, CZ said, “Today, we still need the centralized systems to integrate with the traditional financial industry so that we can bring the money into and out of crypto.” He caveated the sentiment with reference to the cryptocurrency market as still being a nascent industry, prone to “hackers, Ponzi schemes and scammers.” Keen readers will remember one of 2021’s legendary rug pulls,...
‘Net neutral’ — Rising Bitcoin exchange balances could be due to Huobi Chinese user block
Bitcoin (BTC) balances rising on exchanges may not be a sign of investors preparing to sell, new research argues. Unveiling the latest data from across exchanges on Dec. 28, Glassnode on-chain analyst TXMC pointed the finger at fresh changes in China for rising balances elsewhere. Binance “absorbing” orphaned Huobi users The end of December is seeing nerves fray as a rangebound BTC price combines with increased inflows to exchanges. A classic indicator that traders are at least arming themselves to de-risk in the event of further price weakness, Binance has been particularly closely eyed as its BTC stocks rise. At the same time, however, Chinese investors are being frozen out of international spot trading venues in the aftermath of China’s ongoing crackdown on cryptocurre...
Binance gets green light from Canada and Bahrain
Binance is celebrating the new year with approvals from two different sides of the world. The crypto exchange has been granted an in-principle license by the Central Bank of Bahrain to operate as a crypto asset service provider in the Kingdom of Bahrain. According to the announcement, the in-principle approval a first for a Binance entity in the Middle East and North Africa region. In a statement, Binance CEO CZ said that approval from national regulators is “essential to build trust in crypto and blockchain and help further improve mass adoption.” When it comes to licensing, it is “a matter of formalities,'” according to Abdulkarim Haji, director for licensing at the country’s central bank. He highlighted Bahrain as the ideal location for Binance to establish...
Binance Turkey fined 8M lira for non-compliance against money laundering
The Financial Crimes Investigation Board (MASAK) has fined Binance Turkey 8 million lira (nearly $750,000) after the crypto exchange failed the financial watchdog’s audit for monitoring Anti-Money Laundering (AML) compliance. The Financial Crimes Investigation Board (MASAK), which serves as Turkey’s financial intelligence unit under the Ministry of Finance and Treasury, found crypto exchange Binance’s Turkey operations guilty of violating laws that intend to prevent the laundering of money acquired through criminal means. According to local news media Anadolu Agency, MASAK carried out an audit of Law No. 5549 on Prevention of Laundering Proceeds of Crime, also known as the AML Law. The AML Law in Turkey requires companies to identify and verify the personal identification information...
Finance Redefined: Binance leads $60M Multichain funding, Interlay raises $6.5M, Dec. 17–24
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. As the crypto community filled its crypto stockings for the holiday season, the Grinch emerged to gift a grimacing fate to two DeFi platforms, stealing their festive spirit and a whole lot of dollars. Reading this article, you’re only receiving a portion of the content from our DeFi newsletter. Drop your email below for the full copy. Binance VC arm leads $60M round in cross-chain protocol Multichain Binance Labs, the venture capital side of global crypto exchange Binance, facilitated a $60-million capital funding raise for cross-chain router protocol Multichain. Other notable participants included Sequoia China, IDG Capital and Three Arrows Capital. Amid Multichain’s corporate rebrand from AnySw...
100 digital payment token firms in Singapore fail to win licenses: Report
More than 100 out of 170 “digital payment token services” in Singapore have reportedly failed to obtain licenses from the local financial regulator, the Monetary Authority of Singapore, or MAS. Amid apparently tough regulation, 103 companies related to the digital payment industry in Singapore found their regulatory exemptions removed, Japan’s financial publication The Nikkei reported Monday, citing data from the MAS. Sanjay Jain, CEO at Dubai-based crypto exchange Bitxmi, said that their Singaporean branch has failed to secure a license from the MAS. “We can’t operate in Singapore,” Jain noted. “We have an office there, but it’s just more or less — there’s one person for our accounting and legal issues.” Bitxmi exchange appears on the official list of entities...
Binance VC arm leads $60M round in cross-chain protocol Multichain
Binance Labs, the venture capital and incubation arm of Binance cryptocurrency exchange, has led a financing round for the cross-chain protocol Multichain, previously known as Anyswap. Shortly after rebranding from Anyswap last week, Multichain has raised $60 million in a seed funding round led by Binance Labs, the firm officially announced on Dec. 21. Other participants in the raise included major VC firms and industry investors like Sequoia China, IDG Capital, Three Arrows Capital, Primitive Ventures, DeFiance Capital, Circle Ventures, Hypersphere Ventures, HashKey and Magic Ventures. Apart from providing capital investment for Multichain, Binance is also building a stronger relationship with the cross-chain protocol. On Dec. 20, Multichain announced that it is now officially recommended...
Binance partners with Indonesian telco to develop new crypto exchange
Major cryptocurrency exchange Binance has partnered with MDI Ventures, PT Telkom Indonesia’s venture capital arm, to establish a crypto exchange platform. According to a joint announcement on Wednesday, the agreement will also seek to broaden blockchain adoption throughout Indonesia, which is home to about 240 million people. To assist with the development of the new exchange platform, Binance will provide asset management infrastructure and technology. The agreement will also seek to increase the application of blockchain technology in Indonesia more broadly. The new partnership enables Binance to grow its operations in a nation where it already has an investment in crypto trading platform Tokocrypto. Binance CEO and founder Changpeng Zhao said: “Our ambition at Binance is to grow th...
Best and leading Cryptocurrency trading Application in Nigeria to Use for Trading
Facebook WhatsApp Reddit Twitter Shares Cryptocurrency is a new revolution of the world economy. Before then, richness were limited to the hands of Politicians, their families and business morgul. With the advent of cryptocurrency, wealths is gradually been decentralized. Now a son of nobody, working for nobody can now leave better life with just trading cryptocurrency. Nigerians is not an exemption. Infact Nigeria as the most populous black nation in the world, has always top in so many things. So don’t be surprised, Nigeria is leading in crypto world. We have some challenges facing cryptocurrency traders in Nigeria, do to administration of President Muhammadu Buhari ban trading of the online digital currency in the country. But as they said, you can’t stop what you don’...
AscendEX loses $80M following ERC-20, BSC, Polygon hot wallet compromise
Crypto trading platform AscendEX suffered a loss of $77.7 million in a hot wallet compromise that allowed hackers to access and transfer tokens hosted over the Ethereum (ETH), Binance Smart Chain (BSC) and Polygon (POLY) blockchains. Soon after realization, AscendEX proactively warned its users about the stolen funds, confirming that the hackers were not able to access the company’s cold wallet reserves. 22:00 UTC 12/11, We have detected a number of ERC-20, BSC, and Polygon tokens transferred from our hot wallet. Cold Wallet is NOT affected. Investigation underway. If any user’s funds are affected by the incident, they will be covered completely by AscendEX. — AscendEX (@AscendEX_Global) December 12, 2021 According to PeckShield, a blockchain security and data analytics company, around $60...
What Squid Game Can Teach You About Crypto Investing
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Fresh Alarm Bells for Crypto Market as Bitcoin Soars to the Top
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
