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Tag: Binance.US

Binance Headquarters Up in the Air, CEO Discusses Regulations and Meme Coins
11Apr By OLAJIDE SAMUELNo Comments
Uncategorized

Binance Headquarters Up in the Air, CEO Discusses Regulations and Meme Coins

Binance, the world's largest crypto exchange, is facing renewed scrutiny over its lack of a permanent headquarters. This comes as CEO Richard Teng revealed the company is in talks with several jurisdictions to establish one. The issue of headquarters has been a thorn in Binance's side for some time. Regulators and courts have repeatedly raised concerns about the exchange operating without a central location, especially given its massive trading volumes. Read Also: Terra Luna Classic: Security Upgrades and Burning Offset by Price Slump During the Paris Blockchain Week, Teng emphasized Binance's commitment to regulatory compliance. He stated the company is actively engaged in discussions with various countries for a headquarters and will prioritize user confidence through robust com...
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Binance Undergoes Leadership Change Amidst DOJ Charges, CZ Steps Down as CEO
23Nov By CryptolifedigitalNo Comments
Crypto Exchanges

Binance Undergoes Leadership Change Amidst DOJ Charges, CZ Steps Down as CEO

In a surprising turn of events, Changpeng Zhao, widely known as "CZ," announced his official resignation as CEO of Binance via Twitter on Tuesday. This development coincides with the United States Department of Justice unveiling charges against Zhao and the cryptocurrency exchange. Stepping into the role of CEO is Richard Teng, the former Global Head of Regional Markets at Binance. Read Also: DFLunc's Unprecedented LUNC Burns Surpass 4 Billion Units, Setting the Standard for Terra Classic Validators https://twitter.com/cz_binance/status/1727690145166750044 CZ's Departure and DOJ Charges The cryptocurrency industry was rocked by CZ's announcement of stepping down from his position as CEO of Binance. The timing of this decision aligns with the United States Department of Justice reve...
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Binance Announces Sale of Russian Business to CommEX, Paves Way for Future Growth
27Sep By OLAJIDE SAMUELNo Comments
Crypto Exchanges

Binance Announces Sale of Russian Business to CommEX, Paves Way for Future Growth

In a significant development for the cryptocurrency industry, Binance, one of the world's largest cryptocurrency exchanges, has agreed to divest its entire Russian business operations to CommEX (https://commex.com). The decision reflects Binance's strategic focus on compliance and its commitment to adhering to regulatory standards across the globe. https://twitter.com/binance/status/1706944096688885895 The transition process, aimed at ensuring a seamless experience for existing Russian users, is expected to span up to one year. Crucially, Binance has assured its Russian user base that all its assets are safe and securely protected during this period of transition. Read Also: Terra ClassicUSD (USTC) Community Approves Proposal to Halt Minting and Reminting, Aims to Restore Stabilit...
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Binance Japan K.K. Launches, Offering Japanese Users Unprecedented Access to Tradable Tokens and Innovative Financial Products
1Aug By Adaralegbe Tosin MNo Comments
Crypto Exchanges

Binance Japan K.K. Launches, Offering Japanese Users Unprecedented Access to Tradable Tokens and Innovative Financial Products

Tokyo, Japan - In a major development for the cryptocurrency industry, the world's leading digital asset exchange, Binance, has officially launched in Japan as Binance Japan K.K. The launch marks a significant milestone for the company and the Japanese crypto community, granting users in the country access to an extensive range of tradable tokens, solidifying Binance's position as the premier exchange for Japanese investors. Binance Japan launches to offer users Unprecedented Access to Tradable Tokens With the launch of Binance Japan K.K., Japanese users gain unparalleled access to a diverse selection of tradable tokens, surpassing any other exchange in the country. This development is set to revolutionize the local cryptocurrency landscape, allowing traders to explore new investment opp...
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Binance Launches Seigniorage Elasticity Index Token (SEI) on Launchpool
1Aug By Tolulope ZaccheausNo Comments
Crypto Exchanges

Binance Launches Seigniorage Elasticity Index Token (SEI) on Launchpool

Binance, the world's leading cryptocurrency exchange, has once again demonstrated its commitment to promoting innovative projects in the crypto space by introducing the Seigniorage Elasticity Index Token (SEI) on its Launchpool platform. The launch of SEI on Launchpool provides Binance users with a unique opportunity to farm SEI tokens by staking Binance Coin (BNB), TrueUSD (TUSD), and Fractional Dollar (FDUSD) on the platform. https://twitter.com/binance/status/1686288229056528384 Binance to introduce Seigniorage Elasticity Index Token (SEI) on the Launchpool SEI is a groundbreaking decentralized finance (DeFi) token that leverages the concept of seigniorage elasticity to maintain its price stability. This mechanism allows the token's supply to expand or contract in response to marke...
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Binance Announces Listing of FDUSD, First Digital Labs’ USD-Backed Stablecoin
26Jul By OLAJIDE SAMUELNo Comments
Crypto Exchanges

Binance Announces Listing of FDUSD, First Digital Labs’ USD-Backed Stablecoin

In a significant development for the cryptocurrency market, Binance, one of the world's leading cryptocurrency exchanges, has officially announced the listing of FDUSD, a 1:1 USD-backed stablecoin issued by First Digital Labs. The news was shared by Binance on their official Twitter handle, generating excitement and anticipation within the crypto community. Read Also: Shiba Inu (SHIB) Shows Steady Growth Amidst Speculation of Future Rallies https://twitter.com/binance/status/1684051409199857664 Binance to list FDUSD FDUSD is set to become the latest addition to the diverse range of stablecoins available on Binance's platform. As a stablecoin, FDUSD is designed to maintain a stable value by being pegged to the US Dollar at a 1:1 ratio. This pegging ensures that the value of one FDUS...
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Binance Implements Faster Crediting of Deposits on Ethereum, Arbitrum, and Optimism Networks
20Jul By OLAJIDE SAMUELNo Comments
Crypto Exchanges

Binance Implements Faster Crediting of Deposits on Ethereum, Arbitrum, and Optimism Networks

Binance, the world's leading cryptocurrency exchange, has announced a significant reduction in the minimum number of blocks required for crediting deposits on the Ethereum, Arbitrum, and Optimism networks. This move comes as part of the exchange's ongoing efforts to improve user experience and streamline transaction processes. Effective immediately, the minimum number of blocks needed for crediting deposits on the Ethereum network has been reduced from 12 to 6 blocks. Consequently, the time required for deposit transactions to be confirmed and reflected in users' accounts has been substantially decreased from an average of around 25 minutes to approximately 13 minutes. This development marks a major milestone in enhancing the efficiency of Ethereum-based transactions on Binance. Read...
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Binance Welcomes Verge (XVG) as a New Borrowable Asset on Isolated Margin, Introducing the XVG/USDT Trading Pair
6Jul By OLAJIDE SAMUELNo Comments
Crypto Exchanges

Binance Welcomes Verge (XVG) as a New Borrowable Asset on Isolated Margin, Introducing the XVG/USDT Trading Pair

Binance, the world's leading cryptocurrency exchange, has once again made waves in the crypto space by announcing the addition of Verge (XVG) as a new borrowable asset on an Isolated Margin. This move opens up exciting possibilities for traders and enthusiasts alike, as Binance introduces the highly anticipated XVG/USDT trading pair. Binance adds Verge (XVG) on its isolated margin The integration of Verge (XVG) into Binance's Isolated Margin trading platform signifies another significant step towards the platform's mission to offer a diverse range of digital assets to its global user base. With Verge joining the ranks of Binance's expansive list of supported cryptocurrencies, users now have greater flexibility and trading opportunities. Read Also: Shiba Inu Community Anticipates Shiba...
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Binance Announces PENDLE As The 35th Project On Its Launchpool Platform
3Jul By OLAJIDE SAMUELNo Comments
Crypto Exchanges

Binance Announces PENDLE As The 35th Project On Its Launchpool Platform

Binance, one of the world's leading cryptocurrency exchanges, has recently announced the addition of Pendle (PENDLE) as the 35th project on its Launchpool platform. Pendle is a unique yield-trading protocol that allows users to separate a yield-bearing asset into its principal and yield components, enabling them to earn fixed or flexible yields. Read Also: Vitalik Buterin Reveals Concerns about ETH Staking Protocol, Cardano's Charles Hoskinson Expresses Amazement https://twitter.com/binance/status/1675807633549172736 Detail On Binance PENDLE The launch of Pendle on Binance Launchpool is scheduled to take place soon, with the webpage estimated to be available in approximately four hours. Users will have the opportunity to stake their Binance Coin (BNB) and TrueUSD (TUSD) tokens sepa...
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Binance Conducts 11th Terra Classic (LUNC) Token Burn Amid Community Disputes
3Jul By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Binance Conducts 11th Terra Classic (LUNC) Token Burn Amid Community Disputes

Binance, one of the world's largest cryptocurrency exchanges, has recently carried out its 11th Terra Classic (LUNC) token burn, further intensifying disputes within the Terra Classic community. The burn involved a substantial amount of 2.65 billion LUNC tokens, totalling approximately $236.6K at the time of the transaction. This burn, which occurred on July 1 at 15:12 (UTC), was executed by incinerating 50% of LUNC spot and margin trading fees accumulated between May 31 and June 29. Terra Classic's Total burn hit 65.3 Billion LUNC, Binance representing over 54% The cumulative Terra Classic burn, including contributions from all parties, has now reached 65.3 billion LUNC tokens. Binance's total burns account for an impressive 35.53 billion tokens, representing over 54% of the cumulative ...
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