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Binance

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June 2024

Binance fined US$2.25 mln by India for AML breaches

India’s FIU imposes a record fine on Binance for anti-money laundering regulation non-compliance.

Binance to limit certain stablecoins to comply with EU crypto rules

Binance to limit non-compliant stablecoins under EU’s MiCA regulation.

May 2024

Binance CEO calls for release of executives detained in Nigeria

Binance CEO demands freedom for compliance officer held on illegal transaction charges in Nigeria.

Binance ex-CEO Changpeng Zhao sentenced for money laundering

Changpeng Zhao receives a 4-month prison term and a $50 million fine for laundering violations.

April 2024

Ex-Binance CEO faces 3-years prison and millions in fines

Changpeng Zhao, the former CEO of Binance, may receive a 3-year sentence and $50M fine for anti-money laundering violations.

Binance converts US$1 bln fund; eyes India comeback after obtaining Dubai license

Cryptocurrency giant Binance converts $1B safety fund to USDC, signaling a strategic move to enhance transparency and re-enter the Indian market.

Binance exec refutes Nigeria laundering claims

Binance’s Tigran Gambaryan pleads not guilty to money laundering in Nigeria, faces remand.

March 2024

Binance faces ban in Philippines

Binance gets blocked by Philippines financial watch dog as the exchange drops Tron USDC.

Binance Labs spins off as independent US$10 bln VC fund

Binance Labs, the venture capital arm of Binance, has become an independent entity with a portfolio worth over $10 billion.

Ex-Binance CEO’s passport confiscated ahead of sentencing

Changpeng Zhao must surrender Canadian passport and stay in the U.S. as part of revised bail conditions.

SEC presses court over Binance.US compliance issues

The SEC alleges Binance.US has not fully complied with information requests regarding customer assets.

February 2024

Binance founder’s court date pushed back to April 30

Zhao has pleaded guilty to money laundering charges in November.

BNB Chain highlights DeFi, gaming and AI in 2024 roadmap

The “One BNB Paradigm” aims to streamline BNB Chain’s ecosystem, focusing on DeFi, gaming, and AI.

January 2024

BNB Chain Fusion may unify BEP-2 and BEP-20 by 2024

BNB Chain’s merger plans aims for a seamless and secure blockchain by April 2024

November 2023

Binance introduces self-custody Web3 wallet

Binance said it aims to onboard the next billion Web3 users with its new wallet.

October 2023

Binance loses two more top execs in UK and France

Global regulatory pressure on the world’s largest exchange continues to take its toll.

Dubai’s crypto boom, Australia’s rules & Binance’s battles

Web3 leaders gather in the Future Blockchain Summit in Dubai and we take a deep dive on the woes of crypto’s largest exchange, Binance.

Binance says it signed agreements with new euro banking partners 

Binance announced it has secured new fiat partners for euro services after its former partner cut ties with the exchange last month.

Binance’s rollercoaster week: expansion, setbacks, and the ghost of FTX’s collapse

Top blockchain and crypto news: Is Japan a new frontier for Binance? AI art sweeps NFT sales. ETF buzz electrifies Bitcoin.

Binance freezes over 100 accounts on Israeli police request: Financial Times

Israeli police requested information on 200 additional crypto accounts.

Binance.US suspends USD withdrawals

Users can still withdraw cryptocurrencies, according to the exchange’s updated terms of use.

Binance Japan — death knell or savior for the nation’s smaller crypto exchanges?

Few tokens and too many exchanges are a bad recipe for Japan’s smaller crypto trading houses. The experts say there’s room for up to five only. So what happens to the little guy now that the world’s largest exchange Binance has rolled back into town?

Binance halts new user registration in the U.K.

The exchange added that it will also stop releasing new products and services in the country.

Brazilian congressional committee calls for Binance CEO Zhao’s indictment 

The congressional committee accused Changpeng Zhao and three other executives, along with 45 individuals, of running a financial pyramid scheme in the country.

Binance users in Hong Kong hooked by US$450,000 phishing attacks

The Hong Kong police warned on Monday that 11 Hong Kong-based Binance users lost over US$446,000 (HK$3.5 million) in cryptocurrencies to phishing text messages in the last two weeks. See related article: Gitcoin error sends US$460,000 to digital void Fast Facts See related article: CMCC Global raises US$100 mln to launch Hong Kong Web3 fund

Binance ICO raised less than US$5 mln: Forbes

Binance’s 2017 initial coin offering (ICO) of its Binance Coin (BNB) reportedly raised less than US$5 million, contrary to the US$15 million claimed by the company and its Chief Executive Officer Changpeng Zhao.  See related article: U.S. SEC denied immediate access to Binance.US software Fast Facts See related article: Binance Japan partners with mega bank […]

September 2023

Bitcoin, Ether tread water; U.S. equities slide with mega-cap tech giants leading the declines

Bitcoin dipped on Wednesday morning in Asia to trade range-bound below US$26,300. Ether edged higher but failed to reclaim the US$1,600 mark.

Bitcoin, Ether rise; BNB leads gains among top 10 cryptos

Binance’s BNB token gained the most after Binance Japan and Mitsubishi UFJ Trust and Banking Corporation jointly announced they are collaborating on the issuance of fiat-pegged stablecoins.

Binance Japan partners with mega bank MUFJ on stablecoin project

Mitsubishi UFJ and Binance Japan will collaborate on the issuance of fiat-pegged stablecoins.

U.S. SEC denied immediate access to Binance.US software

A U.S. federal judge has denied the U.S. Securities and Exchange Commission immediate access to Binance.US’ software, in response to the regulator’s motion demanding more detailed information from Binance and greater availability of its executives for depositions.

BNB leads winners in top 10 cryptos; Bitcoin, Ether rise 0.8% in afternoon trading 

BNB led gainers in the top 10 cryptocurrencies by market capitalization, despite Binance’s growing challenges. Bitcoin and Ether rose during afternoon trading in Asia, as market analysts are saying it could start picking up more bullish momentum above the US$26,000 mark. See related article: Weekly Market Wrap: Deutsche Bank’s crypto move propels Bitcoin to US$26,750 […]

Binance.US cuts manpower, FTX liquidates crypto as people throng to TOKEN 2049

We bring you to one of the biggest crypto events in Asia.

Most top 10 cryptos rise; Tron, Toncoin biggest gainers

Bitcoin rises past US$26,500. All other top 10 cryptos gain, except BNB.

Binance.US CEO calls it quits amid major layoffs

Top blockchain and crypto news: Binance.US undergoes staffing shakeup. Ethereum NFTs at risk. India to take a stand on crypto.

Binance.US cuts one-third of workforce; CEO Brian Shroder steps down

The U.S. affiliate of the world’s largest cryptocurrency exchange Binance has laid off one-third of its staff, or more than 100 employees.

Bitcoin, Ether down; Binance loses another top executive

Bitcoin edged lower on Tuesday morning in Asia to trade below US$26,000. Ether dipped to near the US$1,600 mark.

August 2023

Bitcoin dips below US$26,000, crypto faces downward pressure amid Fed’s rate hike signals

Bitcoin and other major cryptocurrencies face headwinds on the first trading day of the week in Asia following the U.S. central bank’s Jackson Hole Symposium remarks, while Tron bucks the trend with modest gains.

Binance delists sanctioned Russian lenders from P2P services: WSJ

Binance, the world’s largest crypto exchange, has removed sanctioned Russian banks from its P2P trading service, the Wall Street Journal reported on Friday. 

Mastercard and Binance end crypto card partnership, services shut down in Latin America, Middle East

Mastercard and cryptocurrency exchange Binance will end their crypto debit card program in Argentina, Brazil, Columbia and Bahrain from Sep. 22.
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SOL falls to six-week low, BNB biggest gainer despite reports of Binance violating Russian sanctions

Bitcoin recaptured the US$26,000 mark today, while Solana fell to a six-week low. BNB was the biggest gainer in the top 10, despite allegations against Binance resurfacing.

Binance denies Russia sanctions violation reported by WSJ

Binance continues to help a significant amount of Russian funds move abroad through crypto transactions, according to The Journal.

Bitcoin holds US$26,000, BNB flirts with annual low

Bitcoin holds its ground above US$26,000, but the top 10 cryptocurrencies see a dip. BNB remains subdued as Binance’s payment partner woes intensify.

Weekly Market Wrap: Bitcoin falls below US$26,000 following Evergrande’s bankruptcy

Bitcoin fell over 10% this week and dipped to a two-month low following Evergrande’s bankruptcy filing.

Singapore’s Stablecoin framework, Australia’s crypto landscape & Binance shuts ‘Connect’

Welcome to Forkast IQ, presented by Angie Lau, where we look beyond the headlines to get you insights that power smarter decisions. Coming up on today’s show:

Binance to shut crypto payment infrastructure as market dominance dips

Binance will shut down its cryptocurrency payment service Binance Connect on Aug. 16, a Binance spokesperson confirmed. 

Cryptos decline on the back of Wall Street losses and Fed speculation

Bitcoin and Ether fell on Wednesday along with all other top 10 cryptos, NFTs moved down while U.S. stock futures steadied after a rocky Tuesday.

Binance could face fraud charge from US Department of Justice

Officials at the U.S. Department of Justice (DOJ) are considering fraud charges against Binance, according to news site Semafor.

Bitcoin returns above US$29,000 support level, most top 10 tokens rise

Bitcoin was the day’s biggest gainer, rising 2.11% in the past 24 hours. Ether rose 1.11%.

China is Binance’s largest market with US$90 billion despite crypto ban: WSJ

Binance users in China traded about US$90 billion worth of cryptocurrency-related assets in May despite the crypto ban since 2021.

Cryptos show resilience; BNB gains on Binance Japan launch

Bitcoin, Ether and most other top ten tokens gained Wednesday morning in Asia, with BNB leading winners after Binance Japan launch.

Binance Japan launches with 34 tokens, BNB debuts in the country

Binance announced the launch of Binance Japan on Tuesday, offering 34 cryptocurrencies.

July 2023

Bitcoin, Ether end week in interest rate, summer doldrums; Binance’s BNB token leads winners

Bitcoin and Ether prices were largely mixed but running into the red on Friday morning in Asia, looking to end the week with losses after a period of directionless trading.

National Australia Bank to block some crypto exchanges

NAB, one of Australia’s “big four” banks, announced it is taking action to block some payments to “high-risk” cryptocurrency exchanges, as part of its new measures aimed at protecting customers from scams.

Bitcoin, Ether fall; all other top 10 cryptos mixed

Bitcoin prices fell below US$30,500 in the past 24 hours while its trading volume has gained over 20%. Ether also fell. Cardano and BNB were the day’s biggest losers.

Bitcoin inches up, holds above US$30,500; all other top 10 cryptos mixed

Bitcoin trade volumes dropped in the last 24 hours but the token is holding steady above US$30,500. Binance’s BNB token posted the biggest gain while most other top 10 cryptocurrencies traded mixed.

Global crypto industry worth US$180 billion, says K33 Research report

The global cryptocurrency industry is valued at US$180 billion, with over 10,000 companies employing a total of 190,000 employees, according to a July 5 report from crypto intelligence firm K33 Research. See related article: Singapore, Thailand clarify crypto rules; NFTs become new cultural frontier Fast facts See related article: South Korea, Singapore, Thailand clarify crypto […]

Binance executives Hillman, Christie say they are leaving, cite personal reasons

Binance Chief Strategy Officer Patrick Hillmann and Vice President for Compliance Steven Christie both confirmed they are leaving the firm.

Australian regulator searches Binance’s local offices: Bloomberg

Australian Securities and Investments Commission (ASIC), the country’s financial services regulator, searched the local offices of Binance on Tuesday as part of an ongoing investigation of the exchange’s derivatives business, a Bloomberg report said.

June 2023

Binance to change euro banking partner from September

Binance’s euro banking partner, Paysafe Payment Solutions, will stop offering its services for the world’s largest cryptocurrency exchange from Sept. 25.

Bitcoin loses ground, but holds above US$30,000; most other top 10 crypto decline

Bitcoin slipped in directionless trading while Ether retreated, but both held gains for the past seven days. Most other top 10 tokens lost ground, led by Solana, while Tron was in the green as markets entered the last trading week of June.

Bitcoin slips but remains above US$30,000; Asian, European, U.S. stock futures stay down

Bitcoin prices drop 1.04% to US$30,416 in 24 hours, while Ether fell 0.98% to US$1,893.

Binance Abu Dhabi’s Longman discusses UAE’s crypto boom

Binance Abu Dhabi’s chief Dominic Longman discusses the UAE’s approach to cryptocurrencies and the state’s support for innovation.

UAE welcomes digital assets as Ripple wins in Singapore

As Ripple receives an in-principle approval for Singapore’s digital payment license, institutional investors continue to look toward Bitcoin ETFs.

Citadel, Fidelity, Schwab-backed crypto exchange launches amid U.S. crackdown

EDX Markets, a cryptocurrency exchange with backing from major Wall Street players such as Citadel Securities, Fidelity and Charles Schwab, officially launched on Tuesday.

Binance France under investigation for money laundering: CoinDesk

Binance France is reportedly under investigation for “aggravated” money laundering and the illegal provision of digital asset services.

Weekly Market Wrap: Crypto lawsuits, Hinman and a rare rate hike pause

Bitcoin dipped below US$25,000 for the first time in three months, as the SEC’s lawsuits continued to erode crypto investor appetite. Bitcoin needs to hold above US$24,000 to avoid more bearish momentum, industry experts told Forkast.

SEC’s crypto battle continues as Asia marches ahead with metaverse

In this week’s Forkast IQ with Megha Chaddah, we dive into the U.S. SEC’s crypto crackdown and the state of the East Asian metaverses.

Bitcoin remains above US$25,000; NFT sales down; Asian, European markets gain with U.S. futures mixed

Bitcoin, Ether and most top 10 non-stablecoin cryptos rose in Friday afternoon trading in Asia after weeklong slump.

SEC lawsuit sees Binance.US wobble, trading platforms delist cryptos

Top blockchain and crypto news: Binance.US at risk. Ex-SEC official’s comments complicate Ripple suit. Hong Kong lawmaker aims to entice exchanges.

Bitcoin, Ether extend losses; XRP drops most among top 10 cryptos

Bitcoin and Ether continued to slide amid lawsuits against top crypto exchanges in the U.S.

How American courts have become central to crypto law

To date, none of the 30-plus crypto bills in Congress have become law, so judges are stepping up to fill the void. What does this mean for crypto in America?

Bitcoin, Ether retreat; BNB leads gainers on U.S. court ruling, top 10 crypto mixed

Bitcoin trading remains stuck under the US$26,000 resistance line. Ether dips while other top 10 crypto were mixed.