Binance Lays Off Over 1,000 Employees
Binance is reportedly laying off over 1,000 employees as part of a restructuring effort that could result in a reduction of more than a third. Ex-employees claim that job cuts affected customer service personnel worldwide, particularly in India. Over 1,000 workers at the exchange have lost their jobs as of this week’s layoffs. The projected […]
Binance to Delist API3/BUSD and Other Spot Pairs
Binance has announced the delisting and cessation of trading for several spot trading pairs effective from July 13th, 2023. Effective from 06:00 on July 13th, 2023, the following spot trading pairs will be removed from Binance: API3/BUSD, BLZ/BUSD, GHST/BUSD, NEXO/BUSD, STPT/BUSD, and WIN/BUSD. While Binance has not provided a specific reason for the delisting, it […]
Binance Chief Strategy Officer Patrick Hillmann Steps Down
Binance, the largest cryptocurrency exchange in the world by trading volume, has consistently been a top focus of regulatory investigation in the United States. The recent lawsuit filed by the US Securities and Exchange Commission (SEC) drew criticism for giving US-based cryptocurrency exchange Coinbase special treatment. In this regard, it was asserted that numerous top […]
Australian Authorities Investigate Binance Offices Amid Regulatory Probe
The Australian securities regulator searched Binance Australia’s offices on Tuesday as part of a probe into its recently closed derivatives business. According to the article, this action results from a thorough examination into the closure of Binance Australia’s derivatives business by the Australian Securities and Investments Commission (ASIC). The ASIC investigation aims to carefully examine […]
Binance halts Support for Multichain Cross-Chain Bridge Tokens
Binance has announced that it will suspend support for the deposit and withdrawal of tokens minted through the Multichain cross-chain bridge from July 7 until further notice. The move comes amid security concerns and operational issues with the bridging platform. Binance, one of the world’s largest cryptocurrency exchanges, has decided to stop supporting the deposit […]