Dive into the tech & future
The firm behind Binance’s stablecoin, Paxos Trust Company, is in discussions with the U.S. Securities and Exchange Commission after the regulator told the company it should have registered the token as a security, according to an internal email from Paxos’ chief executive officer. “We are engaged in constructive discussions with the SEC, and we look … Read more
Binance has gathered a group of crypto industry players and experts to make sure that potential risks that usually scare away others from experimenting with the assets could be timely monitored and tackled. With this initiative, Binance CEO Changpeng Zhao is aiming at debunking myths and issues related to the crypto industry. The crypto exchange … Read more
Binance and WazirX’s ongoing corporate battle has taken a swing towards a new dramatic controversy this week. WazirX on Wednesday, February 8, accused Binance of spreading false and misleading information against it in the market. The development comes just some days after Binance said it has cut-off its ties with WazirX citing unfulfillment of desired … Read more
Devastating earthquakes wreaked havoc on Syria and Turkey earlier this week, leading to a humanitarian and infrastructural crisis in regions affected by the quakes. Crypto companies like Binance, KuCoin, OKX, and Bitfinex have come together to provide immediate financial aid to the victims of the natural calamity. These crypto firms have collectively pledged $9 million … Read more
Binance has decided to temporarily halt bank transfers in US dollars for international users. The decision will go into effect on February 8. Binance, while has not explained its reason behind this decision, has been facing banking-related issues in the US. Its international money transfer partner Signature Bank recently said it would only process crypto … Read more
The global crypto market that is currently rising out of a months-long slump, is expected to see more engagement from traders and investors in the coming days. With trading expected to swell, crypto exchange Binance has decided to take steps to prevent nefarious actors from manipulating the market and misleading other users. The firm has … Read more
The crypto sector, that crossed the market cap of $1 trillion this week, is witnessing a bull sentiment with a bunch of new investors entering the digital assets sector. Indian exchange CoinDCX on Monday, January 23 launched a crypto awareness initiative for Indian industries and investors. The name of this initiative is ‘Namaste Web3′. On … Read more
Binance, the cryptocurrency exchange firm, has announced the launch of a crypto asset storage called ‘Binance Mirror’ as investors return to the sector. The global crypto market cap has shown a significant recovery in the first three weeks of 2023, going from $800 billion (roughly Rs. 65,45,524 crore) to its current valuation of $990 billion … Read more
Binance has successfully registered as a licenced financial institution in Sweden, the cryptocurrency exchange company announced on Wednesday. Swedish regulators have approved Binance Nordics AB to facilitate the management and trading of virtual currencies for its nationals. With this development, Sweden has become the seventh member state of the European Union (EU) to grant Binance … Read more
WazirX has announced this week that it holds $285 million (roughly Rs. 2,320 crore) in its reserves. The exchange, which claims to be serving over 15 million customers, has conducted an audit of its reserves to ensure that it could handle bulk withdrawals in case of an emergency without having to shut down its business. … Read more