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US President Donald Trump’s pardon of former Binance CEO and the exchange’s founder Changpeng Zhao “CZ” reportedly came after an expensive lobbying campaign in Washington.  According to a recent report by Politico, Zhao benefited from Binance and its legal team’s efforts over multiple months to win over key figures close to Trump. Binance Targeted People In Trump’s Orbit Towards the end of September last year, Binance hired a close associate of Donald Trump Jr. by the name of Ches McDowell. The exchange also hired McDowell’s North Caroline-based firm Checkmate Government Relations to lobby the White House and Treasury Department on “executive relief,” according to the report.  Checkmate has been one of the highest-earning companies during Trump’s second term. In the past three months, the firm has seen $7.1 million in revenue, the report said.  Binance had paid Checkmate $450K for one month’s work. H...

The native token of a real-world asset (RWA)-focused project is rallying after Binance and other major crypto exchanges have suddenly rolled out trading support. In a new announcement, Binance, the top global crypto exchange by trading volume, says it is now supporting Avantis (AVNT), a RWA perpetuals decentralized exchange (DEX). Binance will attach a seed tag to AVNT, a designation it applies to lower-liquidity projects that could exhibit higher volatility compared to other listed tokens. Binance requires users who want to trade assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks. The top South Korean crypto exchanges Upbit and Bithumb have also rolled out support for Avantis. Amid the news, AVNT went parabolic, running from a low of $0.40 all the way to $1.54, a gain of 285%. AVNT has since retraced and is trading for $1.23 at time of writing, up 53% in the last 24 hours. Avantis is built on the Base network and has ...

An outage affecting Amazon’s cloud computing service caused the world’s largest crypto exchange, Binance, to briefly suspend withdrawals. It also created issues for KuCoin, MEXC, and Rabby wallet. Amazon Web Services (AWS) reported the outage at 08:15 am after experiencing power issues in the Singapore region. This impacted Binance, which announced at 09:07 am that it had suspended withdrawals “to keep safe” after experiencing issues “due to a temporary network interruption in the AWS data center.” Binance withdrawals were restored at just past 09:15 am . Crypto exchange KuCoin and MEXC also reported disruptions at just past 09:00 am and haven’t provided an update on the matter since. Crypto wallet firm Rabby Wallet also suffered an outage but is mostly functioning again, while crypto firm DeBank also became unavailable.   Binance memecoin platform Four Meme exploited again — this time for $130K Read more: Elon Musk blames X outage on ‘massive cyberattack’ as...

Binance listed Simon’s Cat (CAT) on its spot market as part of its HODLer Airdrop program, sparking speculation about which meme coins could be next. This development fueled a big price increase, and analysts believe it could push the coins to new heights, potentially wiping out several zeros and attracting much more trading volume. Intense speculation surrounds which meme coins could be listed next on Binance, with Catslap and Wall Street Pepe rumored to be two standout choices. Binance HODLer Airdrops adds Simon’s Cat (CAT) Simon’s Cat has made history as the first cat-themed meme coin listed on Binance. On Monday, Binance announced it would launch Simon’s Cat along with Pudgy Penguins’ new meme coin, Pengu, on the Binance Airdrop Portal. Simon’s Cat broke the news to its community, celebrating the milestone with “CAT season made history” as it became the first cat coin listed on Binance. This listing caused a pump in CAT’s p...

One feline-inspired memecoin is surging after a surprise listing by Binance, the world’s largest crypto exchange in the world. In a new announcement, Binance says that Simon’s Cat (CAT) will be available for trade starting Tuesday over the BNB Chain (BNB). Amid the news, CAT is trading for $0.00006245 at time of writing, up nearly 45% in the last 24 hours. With a market cap of $420.8 million, CAT is the 244th largest crypto project. The project is celebrating the support on the social media platform X. “CAT is proud to be the first cat coin listed on Binance. BNB Chain is where it all started and it remains the best chain to build on, NEVER FORGET.” Binance also says that PENGU, the new utility token for non-fungible token project Pudgy Penguins, will be available for trading on Tuesday after an airdrop on Monday. The project announced earlier this month that it planned to launch PENGU on the Solana (SOL) network. “With PENGU, the...

Meme cryptocurrencies are witnessing increasing investor interest, and the newly created Peanut the Squirrel (PNUT) is standing out with significant buying pressure. PNUT was trading at $1.67 at press time, showing astonishing gains of over 240% in the past 24 hours. On the weekly chart, the token has rallied over 1,200%. The Solana (SOL)-based meme coin currently has a market capitalization of $1.69 billion, translating to an inflow of $1.25 billion in the last 24 hours. This momentum has seen PNUT break into the top 100 cryptocurrencies by market cap, ranking in the 58th spot. Picks for you Wall Street turns bullish on Ethereum with record inflow to ETH ETFs 1 hour ago Crypto trader misses out on $24 million selling PNUT early for $681 l...

Leading crypto exchange Binance is losing market share to smaller competitors and decentralized exchanges (DEXs).  Binance has seen a 13% year-over-year reduction in its spot trading volume from 52.5% in October 2023 to 39.5% this month, according to an Oct. 21 report by 0XScope. Derivative Trading Activity On Binance Drops As Smaller Competitors Gain Crypto derivatives trading activity on the leading exchange platform has undergone a similar trend, with an 8.4% year-over-year decrease to 42.5% as of October 2024, the report said. New on 0xScope: The 2024 CEX Market Report Some of our latest findings: 📊 @Bybit_Official jumps from #7 to #2 in spot trading, now #3 overall behind #1 @binance, #2 @okx 📉 Binance market share shrinks for 2nd straight year, but shows signs of recovery 📈 DEX volume is now 15%… pic.twitter.com/O4bmqDnk7g — 0xScope (@ScopeProtocol) October 21, 2024 Smaller exchanges such as Bitget, Bybit and OKX are winning sh...

Binance, the leading cryptocurrency platform, has released an overview of global stablecoin regulation, as revealed to Finbold on Tuesday, October 15. The current state of stablecoin regulation  Meant to maintain stable value by being pegged to traditional currencies and assets, stablecoins are gaining traction worldwide.  Consequently, regulatory landscapes are evolving rapidly across major jurisdictions such as the US, EU, Singapore, and Dubai, which seek to ensure both innovation and consumer protection.  Picks for you World's largest asset manager BlackRock holds $24 billion in Bitcoin 2 hours ago SingularityDAO, Cogito Finance, and SelfKey merge tokens to drive AI finance 2 hours ag...

Detained Binance executive Tigran Gambaryan will have to wait to find out if he’s been granted bail by a Nigerian court after the presiding judge chose to attend a legal seminar instead of his scheduled hearing. As reported by local news outlets, Judge Emeka Nwite chose on Wednesday to attend a seminar at the National Judicial Institute instead of the Abuja Federal High Court.   As a result, the Gambaryan’s bail ruling has been rescheduled to take place on Friday. Binance compliance officer Gambaryan has been in prison since February this year and his ruling was deferred by Judge Nwite last month.  Binance exec accused of tax evasion flees Nigeria during mosque visit Read more: ‘This is f*cked up!’ Binance exec claims Nigerian court denied him wheelchair Gambaryan was arrested in February and charged with money laundering alongside fellow Binance exec Nadeem Anjarwalla. However, Anjarwalla fled the country in March, escaping from the guest house in which the pair were sta...

The cryptocurrency world is ever-surprising and full of new elements. The market sometimes favours the bold, with new cryptocurrencies taking over the old ones. However, there are times when certain old-world coins make their way back into the mainstream market. In this wake, BabyDoge, one of the notable crypto meme coins, has risen from the shadows to rally 16% at press time. But what’s sparking this change? Also Read: Bitcoin To Hit New All-Time High in October 2024, Analyst Confirms Why Is BabyDoge Up Today? Source – Coincu BabyDoge is one of the notable meme coins currently in the cryptocurrency space. The token is up 16% at press time, trading at $0.000000002127, which gives bullish signals. The token is up and rallying rapidly after its new listing announcement. Binance recently announced listing several new meme coins, including BabyDoge, that have sparked its bullish rally. On September 16, the leading crypto exchange, Binance, took to X to share its new listing news...

A former aide to Nigel Farage, who was previously convicted of wire fraud and allegedly found to be the owner of an illegal Crypto ATM, was apparently filmed alongside the far-right politician when he was ‘ milkshake’ d’ on Tuesday.  Financier George Cottrell — also known as ‘Posh George’ — appeared to be among Farage’s entourage at the Reform Party’s campaign launch in Essex when a member of the crowd threw a milkshake at the former UK Independence Party (UKIP) leader. This was the second milkshake thrown in the politician’s face. Cottrell was in his 20s when he took up a position as an unpaid advisor to Farage and began co-directing Brexit-related fundraising for UKIP. However, in July 2016 he was arrested and charged with 21 counts of conspiracy to commit money laundering, wire fraud, blackmail, and extortion. Is that George Cottrell leading the way for Farage? If it is, he’s a fascinating character https://t.co/JoIkryNN75...

Following the shocking hack that surfaced this week, Binance has said it was able to freeze $4.2 million in XRP that was stolen from Ripple co-founder Chris Larsen. Indeed, Binance CEO Richard Teng announced the frozen assets on Thursday. Specifically, he noted the massive total that the team was able to freeze from the exploit. The theft was a massive story earlier this week, with initial reports stating that Ripple itself was hacked. However, shortly after, Larsen took to X (formerly Twitter) to clarify that it was his personal accounts that were exploited. In total, reports signal that around $112 million in XRP was stolen. Source – PYMNTS.com Also Read: Ripple XRP: $100 Investments Turns Into $1.4 Million in Feb 2024 Binance Freezes $4.2 Million in XRP From $112 Million Heist Earlier this week, the crypto industry was on red alert after reports of a Ripple hack had surfaced. The digital payment firm had not had the best start to 2024, and the news of a massive $11...

Binance Labs says it was “unware” of SkyArk Chronicles’ $15 million funding round and that it did not participate as the AAA gaming platform claimed. SkyArk Chronicles has apologized for the “miscommunication”. Binance Labs has refuted claims that it participated in the gaming platform SkyArk Chronicles’ latest financing round. The venture capital arm of crypto exchange Binance released a statement on Monday distancing itself from SkyArk Chronicles’ $15 million funding, noting that the only participation it had was in the incubation of the project in 2021. Binance says it never participated in the $15 million round Binance ’s reaction was prompted by an announcement that its venture arm had led SkyArk Chronicles’ funding round . Binance Labs says it had asked the NFT project to rectify the claim as posted in the announcement article and on X. While SkyArk deleted the post on the social media platform, ...

Binance report s welcoming over 40 million new users in 2023, a 30% increase from the previous year. The report delves into specific figures, such as Binance reaching 170 million registered users by the end of 2023, offering 431 assets for trading across 1,785 pairs. The use of digital assets for payments surged, supported by an expanding network of merchants. Binance Gift Card usage for crypto gifting saw a 3.5-fold increase. Binance extended fiat support to 69 currencies and 30 channels globally. P2P trading, with 970 payment methods and 112 fiat currencies, recorded an 18% increase in trades, serving 39% more users than in 2022. Security and compliance, crucial aspects of the crypto industry, detail its investments in compliance technology, processes, and talent, totaling $213 million in 2023. The company claims to hold licenses, registrations, and authorizations in 18 jurisdictions worldwide. You might also like: BNB overtakes Solana, traders betting against the surge...

Hong Kong’s HashKey Exchange says crypto deposits greater than $1,024 will only be allowed from Binance. In a blog announcement on Dec. 21, HashKey Exchange said it wants to meet regulatory requirements introduced by the Hong Kong Securities and Futures Commission (SFC), which is why the exchange will not accept crypto deposits from third-party exchanges except Binance. Those users who send more than 8,000HKD (around $1,024) would have to adhere to regulatory Travel Rule guidelines. “Currently, HashKey Exchange only accepts a single digital asset deposit of equal amounts greater than 8,000HKD from binance.com. Deposit from other third party exchanges are not able to accepted.” HashKey Exchange You might also like: Hong Kong’s HashKey unveils plans to launch ERC-20 utility token However, deposit s below 8,000HKD will be permitted from 24 designated crypto exchanges. Starting Jan. 1, 2024, deposit s of less than 8,000HKD will be accepted from the follow...

Changpeng Zhao, commonly known as “CZ,” has stepped down as Chairman of Binance.US’s Board of Directors. The recent announcement by Binance.US regarding Changpeng Zhao, known as “CZ,” is stepping down as Chairman of its Board of Directors, marking a significant moment in the cryptocurrency sector. We wanted to provide an update to the https://t.co/AZwoBOgsqS community in light of last week’s news regarding CZ and https://t.co/IZwa5M2U8b. As you know, https://t.co/AZwoBOgsqS was launched with the express purpose of serving United States customers in accordance with all… — Binance.US (@BinanceUS) November 28, 2023 You might also like: New Binance CEO Richard Teng: Here’s what you need to know The company stated, “As [Zhao] transitions to life after Binance, he has decided to step down from his role as Chairman of our Board of Directors and transferred his voting rights through a proxy arrangement.” The move comes amidst a lan...

Newly appointed Binance CEO Richard Teng has reiterated his confidence in the exchange’s financial health even after agreeing to a massive $4.3 billion penalty from U.S. authorities. In response to comments from Conor Grogan, a Coinbase executive, praising Binance’s latest proof-of-reserves report on Nov. 22, Teng asserted that platform fundamentals stay robust across trading volumes, expenses, revenues, and profits. Grogan observes that Binance possesses significant crypto asset reserves, with $6.35 billion verified in its reserves report. Additional unaccounted for cash and wallet balances further reinforce assets. I backed out Binance Corporate's crypto holdings from their Proof of Reserves: $6.35B total assets, $3.19B in stablecoins Doesn't include off-chain cash balances or funds held in wallets not in PoR Most likely able to pay full $4.3B DoJ fine with 0 crypto asset sales pic.twitter.com/GK45EwRSPO — Conor (@jconorgrogan) November 21, 2023 The C...

Binance faces a pivotal change as CEO Changpeng Zhao agrees to step down and the company prepares to pay $4.3 billion in fines, follow ing a settlement with the SEC over anti-money laundering violations. Changpeng Zhao’s decision to step down as CEO of Binance and plead guilty to violating U.S. anti-money-laundering requirements has sparked a complex interaction with U.S. regulatory bodies, particularly in the context of a substantial settlement agreement. The unfolding situation involves intricate negotiations and exchanges between Zhao, Binance and the U.S. Securities and Exchange Commission (SEC), according to sources close to the matter. The core of these discussions revolves around the specifics of the charges against Binance and its CEO, and the implications of the settlement for Binance’s future operations. Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I mu...