binance
Binance Faces Fresh Trouble in France: Probe Alleges Fraud, Money Laundering
- According to a report by Reuters, prosecutors claim Binance failed to report suspicious activities and operated in the region illegally.
- Binance denied all allegations, calling them outdated and pledging to fight the charges.
Tuesday, 28/01/2025 | 17:03 GMT by
Jared Kirui
Will Binance's BNB Reach $1000? Price Prediction Amid Legal Challenges in Australia
- ASIC accused Binance Australia of failing to provide a product disclosure statement to retail clients.
- Although Binance compensated affected clients with $13 million in 2023, ASIC is seeking more penalties.
Wednesday, 18/12/2024 | 19:37 GMT by
Jared Kirui
ASIC Claims Binance Misclassified 83% of Australian Client Base, Takes It To Court
- The regulator launches legal action against Binance Australia for misclassifying retail investors, exposing them to high-risk crypto products.
- The exchange had already paid approximately $13 million in compensation to affected clients in 2023.
Wednesday, 18/12/2024 | 07:30 GMT by
Damian Chmiel
Where is Binance Based? Longstanding HQ Controversy Remains Unresolved
- The company is undergoing corporate restructuring after a turbulent year, including the sentencing of former CEO Chngpeng Zhao.
- Binance led the cryptocurrency market in November with a 49% market share, dominating among the top 10 exchanges.
Monday, 09/12/2024 | 20:46 GMT by
Jared Kirui
Crypto Exchanges Spot Volume Hits $1.9T as Bitcoin Surges 40% in November 2024
- BTC's remarkable jump to $100K drove crypto exchange trading activity to near-historic highs.
- Binance maintained its market dominance with a 50% share, while Upbit showed strong growth with a 386% MoM increase.
Thursday, 05/12/2024 | 13:00 GMT by
Damian Chmiel
Coinbase, Binance Among 16 Crypto Exchange Websites Blocked by Cambodia
- The Telecommunication Regulator blocked 102 domains, targeting crypto exchanges and gambling sites.
- Two platforms are authorized under Cambodia's FinTech Sandbox, which bans digital asset-to-fiat exchanges.
Tuesday, 03/12/2024 | 17:49 GMT by
Tareq Sikder
Crypto Executive Avoids Prison, FTX Seeks $1.8 Billion in Binance Lawsuit
- Gary Wang adjusted FTX software, enabling Alameda Research to withdraw billions undetected.
- Recently, the FTX bankruptcy estate filed a lawsuit against Binance to recover $1.8 billion.
Wednesday, 20/11/2024 | 16:59 GMT by
Tareq Sikder
Why Is Bitcoin Trading Volume So High? BTC Turnover Rose by 80% in a Year
- Bitcoin's trading volume surged 80% year-over-year, driven by Trump's crypto-friendly stance and spot ETF approvals.
- Daily volumes now consistently exceed $33 billion, with Binance capturing 52% of the market share.
Monday, 18/11/2024 | 12:13 GMT by
Damian Chmiel
Dutch Court Orders Binance to Disclose User Identity in €186,000 Fraud Case
- The victim was deceived by a person she met on a dating app and was persuaded to transfer €186,000 across six transactions.
- While Binance suspended the implicated account, it initially refused to disclose the user’s identity without a court order.
Friday, 08/11/2024 | 14:21 GMT by
Jared Kirui
Binance Unveils Wealth Management Platform for High-Net-Worth Investors
- Wealth managers using Binance Wealth can reportedly oversee client onboarding, including the submission of KYC documents.
- The platform supports a range of cryptocurrencies besides Bitcoin and Ethereum.
Tuesday, 29/10/2024 | 18:14 GMT by
Jared Kirui
Binance Executive Released from Nigerian Custody, Money Laundering Charges Dropped
- Tigran Gambaryan has been in prison since April for allegedly laundering $34.4 million.
- His release was prompted by diplomatic pressures from US lawmakers and concerns over his health.
Wednesday, 23/10/2024 | 13:06 GMT by
Jared Kirui
Binance Executive's Trial Delayed to October 25 Due to Health Concerns
- Judge Emeka Nwite denied bail again, stating that prison conditions can address health needs.
- Tigran Gambaryan's wife reported his declining health, warning of potential permanent damage.
Friday, 18/10/2024 | 17:14 GMT by
Tareq Sikder
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
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