Binance Lists Eurite (EURI) with Zero Trading Fees
Binance will offer zero trading fees on EURI pairs starting at 10:00 UTC on August 28, 2024, including EUR/EURI and EURI/USDT. To commemorate the forthcoming listing of Eurite (EURI), a new stablecoin that is regulated by the MiCA and based on the Euro, Binance has announced that it will be implementing an alluring promotion that […]
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, CZ Face New Lawsuit Over Alleged Crypto Money Laundering
Binance and CEO CZ are sued for allegedly enabling crypto money laundering, leading to investor losses and RICO violations. A new lawsuit has been filed against Binance and its CEO, Changpeng Zhao (CZ), alleging that the cryptocurrency exchange enabled money laundering, which resulted in substantial losses for three investors. The lawsuit, which was filed on […]