Binance’s Ties to Kenyan Crypto Board Spark Monopoly Fears Amid Regulatory Push
Kenya’s fast-growing cryptocurrency industry is facing a storm of controversy as the government moves to regulate the sector through the Virtual Asset Service Providers (VASP) Bill. At the center of the debate is the proposed formation of a regulatory board that includes the Virtual Asset Chamber (VAC), a private body reportedly backed by Binance, the […]
Binance Labs Invests in Astherus
Binance Labs has invested in Astherus to enhance its platform and expand its DeFi ecosystem. In addition to receiving funding from Binance Labs, the venture capital and incubator division of Binance, Astherus is a decentralized finance platform with the primary objective of maximizing the real income generated by digital assets. Binance Labs announced on November […]
US Court Grants SEC’s Request Amid Case Dismissal in Binance Lawsuit
A district court has granted the U.S. Securities and Exchange Commission’s (SEC) petition to file an omnibus brief in response to the lawsuit dismissal in the Binance lawsuit. Binance, Changpeng Zhao, and Binance US submitted the motion in response to their petitions to dismiss the amended complaint. The court’s decision regarding the complaint’s dismissal is […]
Binance delisting sends five tokens tumbling 40%
Binance is delisting five tokens GFT, IRIS, KEY, OAX, and REN by December due to non-compliance. Binance, a cryptocurrency exchange, is planning to remove five cryptocurrency tokens from its index by the end of December, claiming a lack of compliance with industry standards. As stated in a notice on November 26, Binance plans to delist […]
Binance Increases Compliance Team by 34% to 645
Binance will expand its compliance team by 34% by the end of 2024, following a 2023 agreement with U.S. authorities. Within its compliance department, Binance has undergone a hiring rush in recent times. As of the 22nd of November, the exchange announced on its Binance Square platform that it will grow the size of the […]