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“# Binance exec to lead crypto expert center by Russian bank association ” Amid Binance halting its services in countries like Israel over licensing matters, the world’s largest cryptocurrency exchange by trading volume continues strengthening relations with Russia. Binance announced Thursday its entry into the Association of Banks of Russia, aiming to facilitate dialogue with…
“# Binance stopped ‘all activities focused on Israel’ following regulatory request: Report ” Major crypto exchange Binance has reportedly halted activities and marketing to Israelis following a request from one of the country’s financial regulators over licensing. According to a Thursday report from Israel-based news outlet Globes, the Capital Market, Insurance and Savings Authority requested…
“# UAE reportedly plans to issue federal crypto license for VASPs ” The United Arab Emirates is reportedly planning to issue a federal crypto license for virtual asset service providers (VASPs) by the end of the first quarter. The Securities and Commodities Authority (SCA) in UAE is reportedly in the final stages of finalizing the…
“# Binance’s Paysafe deal worries UK financial watchdog ” The Financial Conduct Authority (FCA), the top financial authority in the United Kingdom, has raised concerns over Binance’s recent partnership with Paysafe, a retail payment processor. The U.K. financial watchdog said the latest partnership of Binance gives it access to the extensive retail payment network via…
“# Binance.US is under investigation from SEC over trading affiliates: Report ” The U.S. Securities and Exchange Commission has reportedly launched a probe into major crypto exchange Binance’s U.S. arm regarding trading firms connected to Binance CEO Changpeng Zhao. According to a Tuesday report from the Wall Street Journal, the SEC is looking into the…
“# Binance Smart Chain and Binance Chain become BNB Chain ” Decentralized blockchain ecosystem Binance Smart Chain (BSC) announced on Tuesday that the Binance Chain and Binance Smart Chain are uniting under a new name, BNB Chain, in a bid to reflect their connection with the native token of the ecosystem Binance Coin (BNB). According…
“# Bitcoin SegWit adoption lags among major exchanges: Glassnode ” SegWit has come a long way since its first appearance during the 2015–2017 blocksize war. However, despite its relative success as a Bitcoin upgrade, crypto exchanges including Binance and Gemini are still not committed to using SegWit addresses for sending Bitcoin (BTC). Implemented in 2017,…
“# Scam alert! Binance CEO warns users of massive SMS phishing scam ” Binance CEO Changpeng “CZ” Zhao has alerted the crypto community against a “massive” SMS phishing scam targeting Binance customers. Tweeting on Friday, CZ alerted users of a phishing scam campaign directed at Binance users through SMS. There is a massive Phishing scam…
“# Crypto payment card ‘top priority’ for Binance Ukraine in 2022 ” Major cryptocurrency exchange Binance continues pushing operations in the Commonwealth of Independent States (CIS) by preparing a new crypto payment card in Ukraine. Binance is looking to reach a dominant position in the crypto market of Ukraine by offering a wide range of…
“# Binance user protection insurance fund reaches $1B valuation ” Binance, the world’s leading crypto exchange by trading volume, announced its Secure Asset Fund for Users (SAFU) reached a $1 billion valuation. The user protection insurance fund was set up in July 2018 to protect users’ interests. Binance committed a portion of the trading fee…