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Nigerian Court Denies Binance's Tigran Gambaryan Bail amid Health Concerns
- Gambaryan has been detained since February for currency manipulation and laundering.
- Binance has advocated his release, claiming authorities demanded a “secret” payment to resolve their issues.
Friday, 11/10/2024 | 11:02 GMT by
Tareq Sikder
Binance Secures 20th Regulatory Approval as a VASP from Argentina's CNV
- The registration enables the firm to provide its full range of services to users in Argentina.
- Last month, the Kazakhstan unit received formal consent from the AFSA for the full license.
Tuesday, 01/10/2024 | 16:45 GMT by
Tareq Sikder
Binance Introduces Pre-Market Spot Trading for Crypto Investors
- Pre-market trading periods will reportedly end at least four hours before the official spot trading starts.
- Binance aims for the new service to provide them with early access to potential investments.
Monday, 30/09/2024 | 14:52 GMT by
Jared Kirui
Speaker Line-Up for Binance Blockchain Week Dubai 2024 Revealed
- Lineup includes leaders from Circle, Dubai Future Foundation, Wamda Capital, Sotheby’s
Thursday, 26/09/2024 | 14:48 GMT by
FM
Binance Serves Users Despite 2023 Exit, Sees 43% Decline in Russian Traffic
- The firm's Russian-language Telegram channel remains active, providing updates to 130,000 subscribers.
- It claims to have exited Russia; despite a drop, the country still accounts for 6% of its total website traffic.
Thursday, 26/09/2024 | 08:33 GMT by
Tareq Sikder
SEC Reiterates Binance’s Illegal Operations, Highlights “Lack of Disclosure”
- The SEC alleges Binance operated illegally as an unregistered exchange, broker-dealer, and clearing agency.
- Criticism emerges as the SEC admits “crypto asset security” lacks a formal definition.
Friday, 13/09/2024 | 15:46 GMT by
Tareq Sikder
Trustpilot Flags “Fake” Binance Reviews: Disables Crypto Exchange's TrustScore
- 80 percent of Binance reviews on Trustpilot have 1 star, while another 6 percent have only 2 stars.
- Most of the top crypto exchanges are rated either “Poor” or “Bad” on Trustpilot.
Thursday, 05/09/2024 | 06:38 GMT by
Arnab Shome
Binance Pushes Back Against Accusations of Freezing Palestinian Accounts: Report
- The exchange's CEO, Richard Teng, clarified that Binance only restricted accounts associated with illicit activities.
- The confusion is compounded by ongoing geopolitical tensions and the complex nature of tracking cryptocurrency use in terrorism.
Wednesday, 28/08/2024 | 16:24 GMT by
Jared Kirui
Crypto Exchange Giant Ramps Up Compliance Hiring, Spends $200 Million
- Binance plans to hire 1,000 new employees in 2024, with 20% focused on compliance roles.
- The new CEO of the company wants the compliance team to consist of 700 people by the end of 2024.
Thursday, 22/08/2024 | 08:26 GMT by
Damian Chmiel
Binance Claims to Have Prevented $2.4 Billion in Fraudulent Losses in 2024
- A significant portion of the detected threats involved suspicious crypto withdrawals, whereby Binance flagged over $1.1 billion.
- By July 31, 2024, Binance had reportedly recovered over $73 million in lost or misplaced funds.
Tuesday, 20/08/2024 | 14:58 GMT by
Jared Kirui
Binance to Pay $1.7M Fine in Brazil for Derivatives Trading Violations
- Previously, CVM rejected Binance's initial settlement offer of $370,000 in August 2023, deeming it insufficient.
- The case, which began in July 2020, involves alleged unauthorized derivatives trading in Brazil.
Wednesday, 14/08/2024 | 20:19 GMT by
Jared Kirui
Binance.US Faces Setback as Appeals Court Validates HEX Token Manipulation
- Ninth Circuit disagrees with district court, finds valid claims in HEX price manipulation case.
- Binance.US and CoinMarketCap face renewed legal scrutiny after appeals court ruling.
Tuesday, 13/08/2024 | 07:13 GMT by
Tareq Sikder
Binance Faces Access Challenges as Venezuela Tightens Web Controls
- President Nicolas Maduro announced a 10-day block on access to X to prevent what he claims are efforts to destabilize the country.
- Binance has acknowledged the access issues and is working to resolve them while ensuring the security of users' funds.
Monday, 12/08/2024 | 19:35 GMT by
Jared Kirui
Binance Recovers $73 Million in Stolen Cryptocurrency, Up 33%
- Around 80% of the recovered and frozen funds are linked to hacks and thefts that occurred outside Binance.
- However, the increase in recovered funds does not suggest a rise in criminal activity within the cryptocurrency space.
Thursday, 08/08/2024 | 13:56 GMT by
Jared Kirui
Binance Pushes Back against India's $86 Million Show Cause Notice: Report
- The exchange is facing multiple legal challenges in India, including a previous $2.2 million fine for anti-money laundering violations.
- The tax authorities claim Binance earned over $476 million in transaction fees from Indian customers.
Tuesday, 06/08/2024 | 18:58 GMT by
Jared Kirui
Binance Money Laundering Trial Postponed in Nigeria over Missing Medical Records: Report
- The judge delayed the trial because a medical report belonging to Binance's Head of Financial Crimes Compliance was not submitted as evidence.
- The court also issued a warrant of arrest for the hospital's medical director and ordered Gambaryan admitted to the hospital for 24 hours.
Tuesday, 16/07/2024 | 17:53 GMT by
Jared Kirui
Binance Scheduled to Face Tax Evasion Charges in Nigerian Court This October
- The exchange's representative pleaded not guilty to all charges during a recent hearing.
- Similar charges against two Binance executives were dropped in June, but they still face separate money laundering allegations.
Friday, 12/07/2024 | 13:35 GMT by
Jared Kirui
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