Binance Ramps up Compliance Efforts with 1000 new Hires
Binance plans to add at least 1,000 new workers, 20% of whom will be assigned to compliance-related positions by the end of 2024. In an interview with Bloomberg on August 22, Richard Teng, the exchange’s new chief executive who assumed control of Binance in late 2023, discussed these intentions. He disclosed that the exchange intends […]
Binance Labs Invests in 4 Crypto Startups, BNB Price Up 7%
Binance Labs has invested in four notable crypto startups namely Aggregata, Opinion Labs, SideKick and Vooi. Binance Labs, the venture capital and innovation incubation subsidiary of Binance has disclosed its investment in four significant crypto startups. These are the champions of the most recent round of the Most Valuable Builder (MVB) Accelerator Program. The most […]
Binance to Outspend Ripple’s SEC Lawsuit Costs on Compliance
Binance spending on compliance requirements to exceed $200 million amid new hiring plans, which is more than Ripple’s legal costs in the SEC lawsuit. Binance, the world’s largest cryptocurrency exchange, is preparing to make significant investments in ensuring full compliance following recent regulatory conflicts worldwide. Binance Holdings plans to hire 1,000 new employees this year, many of […]
Binance Labs Invests in Bitcoin Yield Network Corn
Binance Labs announced today that it has made a major investment in Corn, a network focused on generating Bitcoin yield. Binance Labs, Binance’s venture capital and incubation arm, has once again made headlines with its investment in the Bitcoin yield-generating network Corn. The crypto exchange officially announced the investment today, although the specific amount invested […]
Binance US Legal Issues Grow as Appeals Court Revives Lawsuit
The Ninth Circuit Court of Appeals revived a class-action lawsuit against Binance US for Hex token price manipulation. A U.S. appeals court has revived parts of a class-action lawsuit against Binance US, one of the largest cryptocurrency exchanges globally. The lawsuit, which accuses the exchange of manipulating the price of the HEX token, had been previously […]