Binance hires a new chief regulatory liaison officer
Binance hires Mark McGinness, the former head of international relations at the Dubai Financial Services Authority (DFSA), to become its chief regulatory liaison officer. McGinness will assist in Binance’s effort for stronger ties with regulatory agencies around the world, according to an announcement released on Thursday. McGinness is the newest addition to the Binance team, […]
Binance delists Chinese Yuan (CNY) trading pairs on its platform
Binance cryptocurrency exchange is the latest to join the list of leading crypto exchanges in China that are closing their doors due to the tough regulatory crackdown in the country. Binance said earlier today, October 13, that on December 31, 2021, the crypto exchange will completely delist the CNY trading zone . Binance has released […]
Binance announces the launch of a $1B crypto fund to help build BSC adoption
Binance cryptocurrency exchange has unveiled a $1 billion accelerator fund to enhance the Binance Smart Chain ecosystem’s capabilities and accelerate mainstream adoption across the blockchain sector. The eight-figure fund was included in a four-tiered development plan at the exchange: Talent Development, Liquidity Incentive Program, Builder Program, and Investment & Incubation Program . According to the […]
Binance allows European customers to transfer their stock tokens to another company
After Binance shut down its stock token service without warning in July, customers of the cryptocurrency exchange in Europe can now transfer their tokenized stocks to another company. Customers in the European Economic Area and Switzerland can now transfer tokenized stock from Binance to CM-Equity AG, a German investment business with which Binance collaborated to […]
Umbrella network launches a cross-chain bridge linking Ethereum and BSC
Umbrella Network, a decentralized oracle service, recently launched on the Ethereum network, paving the way for cross-chain transactions between the Ethereum platform and Binance Smart Chain. Umbrella Network built a cross-chain bridge connecting Ethereum and BSC in-house, highlighting the necessity to transfer tokens and other crypto assets between the two networks. Users can also stake […]