Binance

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Investors Withdraw $780 Million from Binance Following US SEC Lawsuit

News

In the aftermath of the US Securities and Exchange Commission (SEC) filing a lawsuit against Binance, the world’s largest cryptocurrency exchange, investors have swiftly withdrawn approximately $780 million from the platform within a 24-hour period. This significant outflow of funds reflects the growing concerns surrounding the legal challenges faced by Binance. According to blockchain analytics …

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Bitcoin Soars Close to $27,000 Following US Lawsuit Against Binance for Money Laundering Violations

Crypto

Bitcoin prices are on the rise again as the world’s largest cryptocurrency trading platform, Binance, faces legal action by US authorities for violating money laundering laws. The CEO of Binance, Zhao Changpeng, is the subject of the lawsuit filed by the US Commodity Futures Trading Commission (CFTC). Bitcoin’s value has climbed to $27,000 as investors …

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Binance to hire more employees this year while rivals in crypto industry lay off workers

Crypto

The CEO of Binance, the world’s largest cryptocurrency trading platform, said Binance plans to hire an additional 15-30% of employees in 2023, unlike other crypto companies that have experienced mass layoffs due to the crypto price drop. At the Crypto Finance Conference held in Switzerland on Wednesday (Jan. 11), the company’s headcount increased from 3,000 …

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Cryptocurrencies worth $100 million hacked on Binance blockchain

Crypto

Zhao Changpeng, CEO of Binance, the world’s largest cryptocurrency trading platform, confirmed that more than $100 million in crypto coins were sold that were stolen from BNB Chain, Binance’s crypto blockchain. The theft took place on a bridge connecting the different blockchains, but Binance is now in control of the situation. A spokesperson for BNB …

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Bitcoin Rises More Than 1% – GULF Closes Deal with Binance for Thai Digital Asset Exchange

Crypto

Bitcoin price continues to move around $40,000, today (April 19) the Bitcoin price increased by 2.96% moving at $40,919.65. Bitcoin’s positive movement in the morning came after the Dow Jones closed Monday (April 18), 39 points in the red. Meanwhile, the World Bank lowered its growth forecast for global economic growth this year to 3.2% …

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Is this Asia’s New Crypto Hub?

Crypto

The Asian crypto community is becoming more and more important and is growing rapidly. With various centers in which crypto fans can spread, such as Kazakhstan, which has attracted many crypto miners from China after its ban, or Thailand, which already accepts cryptocurrencies for the purchase of goods in some areas. Also, many crypto exchanges …

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GULF to Take Digital Thailand to a Next Level with Binance Collaboration

Crypto

Big Deal – GULF joins forces with Binance, the world’s leading digital trading platform Digital Asset Market Service to conduct a study in Thailand for a digital asset exchange. Ms. Yupapin Wangwiwat, Chief Financial Officer of Gulf Energy Development Public Company Limited or GULF, informed the Stock Exchange of Thailand that Gulf Innova Company Limited …

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Binance Turkey Fined 8 Million Lira

Crypto

The Financial Crimes Investigation Board (MASAK) has conducted an investigation into the Anti-Money Laundering Law also known as the AML Law. MASAK, Turkey’s financial news agency under the Ministry of Finance and Treasury has found Binance guilty of violating a law in Turkey designed to prevent the laundering of criminally acquired money. MASAK has fined …

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