Binance burns BNB tokens worth $390M
The burning of tokens in the crypto space is one thing that is said to help token price. Binance as usual has destroyed about $400 million worth of BNB in its 16th quarterly token burn event. Binance, the world’s largest cryptocurrency exchange , has completed its 16th quarterly Binance Coin (BNB) burn, burning nearly $390 […]
Visa, Mastercard still partners with Binance amidst global regulatory Scrutiny
Despite increased regulatory issues with Binance, Visa and Mastercard have not cut links with the cryptocurrency exchange. Cardholders can still deposit funds into their accounts at the exchange using Visa and Mastercard. The Financial Times reported on Friday that Visa was “aware of the recent FCA announcement about Binance,” and that it was in “conversation […]
Binance is not authorized to operate in Hong Kong – SFC
Hong Kong has joined the list of nations calling for regulatory actions against the activities of Binance. Countries like Japan, UK, Thailand and Singapore amongst others have also issued warnings to the exchange. The world’s largest cryptocurrency exchange Binance is having a tough time with issues of regulation springing forth against it all over the […]
Binance’s Brazil Director Resigns
Amidst the regulatory issues Binance is facing all over the world, the exchange’s director in Brazil resigns. The information was gotten from a LinkedIn profile. Ricardo da Ros, who had been the Director of Binance in Brazil for six months, resigned last night from the company. The main reason for his resignation, according to a […]
‘Regulations are positive signs that a business is growing’ – CZ Binance
Amidst regulatory compliance challenges here and there, the CEO of Binance has come out to say that “compliance is a journey” particularly in the growing cryptocurrency industry. Changpeng Zhao, Binance’s CEO and founder, has emphasized the exchange’s commitment to cooperating with regulators amid growing concerns about the exchange’s global regulatory challenges. Zhao wrote an open […]