Binance Financial News

BounceBit, a new Bitcoin restaking startup, has announced a detailed roadmap for 2024 aimed at democratizing high-yield Bitcoin investing by merging centralized and decentralized finance (CeDeFi). 

TON cryptocurrency NOTcoin, the brainchild of co-creator Sasha Plotvinov, launched on major centralized exchanges on 16 May last week to much fanfare – where is the coin price headed next?

Tigran Gambaryan, the Binance executive detained in Nigeria, was denied bail on his 40th birthday, according to a court hearing in Abuja on Friday.

Popular and lovable Solana meme coin Slothana ($SLOTH) today announced that it will be listed on top 10 crypto exchange HTX.

Binance has teamed up with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office to solve a significant case involving cryptocurrency-assisted money laundering.

KuCoin has made the decision to suspend all naira-based peer-to-peer (P2P) trading in response to increased scrutiny from Nigeria’s regulatory authorities.

A pseudonymous developer at Solana-based Cypher Protocol has confessed to stealing approximately $300,000 worth of user funds and gambling them away.

Tioga Capital, Semantic Ventures, Cherry Ventures, Starkware, and Cyber fund have joined the round for X10 as it emerges from stealth.Led by Revolut's former head of crypto, Ruslan Fakhrutdinov, X10 promises users the execution speed and features of a centralised exchange, but with full self-custody and settlement of trades on-chain.X10 says that while centralised exchanges have the advantage of an extensive portfolio and great latency and throughput, they also have a massive flaw: security and transparency. "The FTX situation, where users only got back a third of their funds, serves as a wake-up call for the industry.

Also read | Cryptocurrencies are rallying again, but concerns remain The lack of regulation, however, places investors heavily at risk in this type of instrument. This risk is on top of the massive price volatility of crypto and the risk of hacking associated with it. An investor needs to register on the BitSave app, complete the customer verification requirements, and then deposit an amount in rupees via UPI, which will immediately be converted to USDT, which is also known as Tether, a cryptocurrency stablecoin, where the value of a digital asset is pegged to something like a fiat currency, in this case the US dollar.

Financial Intelligence Unit (FIU) has approved the applications of offshore cryptocurrency exchanges Binance and Kucoin to register them as Virtual Asset Service Providers (VASPs) to trading in India, a top government official said. Kucoin paid a penalty of Rs 35.5 lakh for past non-compliances and the ban on its websites has been lifted. Meanwhile, Binance's quantum of liabilities is still being computed, he said.

Binance, the world's largest cryptocurrency exchange, has registered with India's Financial Intelligence Unit (FIU), a senior FIU official said on Friday, as the exchange seeks to resume operations in the country. The exchange was barred from operating in India in December for non-compliance with local regulations as part of the financial watchdog's crackdown on offshore crypto exchanges that were operating in the country without registration.

The Financial Intelligence Unit of India (FIU-IND) revealed on May 10 that Binance and KuCoin successfully registered with the regulatory body on May 10.

Trading volume on major cryptocurrency exchanges has experienced a significant decline in April, coinciding with Bitcoin’s retreat from its all-time high.

Canada's anti-money laundering agency on Thursday said it had imposed a nearly C$6 million ($4.38 million) fine on cryptocurrency exchange Binance for violating the money laundering and terrorist financing laws. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) said Binance had failed to register as a foreign money services business with the intelligence body despite several deadlines.

FIU) called for blocking web addresses of a number of global crypto firms which were not registered in the country, over concerns that some of them may be misused for money-laundering. On Friday, FIU said that it has lifted Kucoin’s suspension after the exchange paid a fine of around $42,000, and is processing Binance’s application. “We are yet to decide on the quantum of fine to be levied on Binance, and the process is likely to take some time," said Vivek Aggarwal, director of FIU, which comes under the finance ministry.

The federal anti-money laundering agency has issued a $6-million fine to cryptocurrency exchange company Binance Holdings Ltd.

The Financial Transactions and Reports Analysis Centre of Canada says Binance failed to register as a foreign money services business. The company also failed, on thousands of occasions, to report large virtual currency transactions of C$10,000 or more in the course of a single transaction. Binance quit the Canadian market a year ago, citing the regulatory environment. Last week, the crypto giant's founder, Changpeng "CZ" Zhao, was sentenced to four months in prison in the US after pleading guilty to violating anti-money laundering requirements. Zhao pleaded guilty in November as part of deal between Binance and the Department of Justice, Treasury Department and CFTC to settle allegations that the exchange failed to maintain a proper AML programme, operated an unlicensed money-transmitting business and violated sanctions law. The world's largest crypto exchange agreed to forfeit $2.5 billion to the government and pay a fine of $1.8 billion.

Crypto exchange Binance is facing a $4.3 million USD fine by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for violating terrorist financing and money laundering laws, the Canadian regulator announced Thursday. According to a  press release, Binance will have to pay $6,002,000 CAD in administrative monetary penalties for failing to register with FINTRAC as a foreign money services business as well as failing to report cryptocurrency transactions of $10,000 or more within a single payment.

The cryptocurrency market has witnessed unprecedented growth in recent years, fueled in part by the rise of meme coins. These digital assets, often characterized by their playful branding and vibrant communities, have captured the imagination of investors worldwide.  Among the plethora of meme coins available, several have emerged as frontrunners in terms of both popularity and potential for significant returns. In this article, we’ll explore the five hottest meme coins to invest in this week: Shiba Inu (SHIB), Pepe Coin (PEPE), Bonk (BONK), Hump Token (HUMP), and Dogwifhat (WIF).

Binance is fighting back against the DWF Labs allegation against the platform on May 9. This follows an explosive report from the Wall Street Journal (WSJ) that revealed that Binance dismissed an employee who uncovered evidence of market manipulation by DWF Labs, a major market on the trading platform.

OTTAWA — The federal anti-money laundering agency has issued a $6-million fine to cryptocurrency exchange company Binance Holdings Ltd.