Binance to Accept Voluntary Resignations
According to reports, Crypto exchange Binance is open to accepting employee resignations made voluntarily. According to Adam Cochran, a crypto influencer and analyst, the proposals allow staff to resign, sign a new non-disclosure agreement (NDA), and get a severance payout equal to three months’ pay. Binance is prepared to take voluntary departures. Although it’s unclear […]
Binance Burns $480 Million Worth of BNB
Following its 24th quarterly burn, Binance destroyed 1,99 million BNB tokens. The Auto-Burn system executes this burn to maintain the 100,000,000 BNB token supply. The market value of the burnt tokens is $484,160,000. This is a Binance initiative to reduce the number of BNB tokens circulating. The burn is carried out by an Auto-Burn mechanism, […]
Binance Announces Arkham Token Sale on Launchpad
Centralized crypto exchange Binance announced that Arkham (ARKM) will become its 32nd token sale project on its launchpad platform. The Arkham (ARKM) token sale officially began on July 17 on Binance’s launchpad, the 35th project on the platform and the largest cryptocurrency exchange in the world by trading volume. The debut of ARKM, however, will […]
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 […]
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 […]