News
AUSTRAC has ordered Binance Australia to appoint an external auditor after identifying serious shortcomings in the exchange’s Anti-Money Laundering controls.
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Binance News
Founded in 2017 by Changpeng “CZ” Zhao, Binance has become one of the largest crypto asset exchanges in the market, providing a wide variety of software products and services for buying and selling cryptocurrencies.
The Binance ecosystem encompasses diverse offerings, including the Binance exchange for cryptocurrency trading, the BNB Smart Chain enabling decentralized applications, the Binance Academy for educational content and Trust Wallet for secure asset storage and management.
BNB (BNB) serves as the driving force behind the BNB Chain ecosystem, functioning as its native cryptocurrency token. BNB originated from Binance’s initial coin offering and served as a means for users on the Binance exchange to reduce trading fees upon its launch. In 2019, Binance launched a mainnet blockchain, Binance Chain, with BNB as its coin. In 2020, Binance Smart Chain (BSC) was launched as a separate compatible blockchain alongside Binance Chain. In 2022, Binance merged the Binance Chain and Binance Smart Chain ecosystems under a single label: BNB Chain. Both chains still run parallel and serve distinct roles but are housed under a single name.
Despite its success, Binance is under constant regulatory review as authorities examine whether it complies with global financial laws. This highlights the industry’s unstable regulatory environment and has led Binance to bolster its adherence to laws and regulations in various jurisdictions. Nonetheless, its technological prowess, worldwide reach, and forward-thinking leadership solidify its position as a formidable crypto behemoth.
- News
The Beacon Network is an “end-to-end kill chain for illicit crypto assets, moving from detection to action in minutes rather than days,” TRM Labs said.
6211 - News
Publicly traded companies are building strategic reserves in digital assets like BNB and Solana. Industry leaders explain why this could be the next institutional on-ramp for crypto.
19986 - News
As trust in crypto exchanges remains low, Binance’s new custody deal with BBVA marks a shift toward traditional finance safeguards.
8825 - News
The New York Department of Financial Services (NYDFS) said the fine was due to a lack of anti-money laundering oversight.
11966 - News
Changpeng Zhao has asked a court to dismiss FTX’s $1.8 billion lawsuit over a share buyback deal the bankrupt exchange claims was funded with misused assets.
4517 - News
Crypto derivatives volumes surged across major exchanges last month, with Binance leading at $2.55 trillion.
4755 - News
The Philippines SEC flagged OKX, Bybit, KuCoin and others for offering crypto services without authorization, warning of enforcement and app store bans.
8193 - Overview
Class-action lawsuits against crypto-related firms are building up, with cases facing major firms such as Bakkt and Coinbase.
2610 - Market Analysis
A Power of 3 pattern suggests a $126,000 target for Bitcoin after a leverage reset, but BTC price must first flip its immediate resistance level into new support.
7734 - Market Analysis
Bitcoin’s range expansion chose the downside, but data suggest the larger breakout is still brewing.
13567 - Market Update
A negative Coinbase Premium Index and the markets’ reaction to a disappointing Federal Reserve presser catalyzed a “big move” in Bitcoin price.
23504 - Market Update
Bitcoin eyes upside breakout to $122,000, but fading spot ETF flows, lack of volumes and seasonality could stall bullish momentum thereafter.
2545 - Market Analysis
Surging ETH and BNB activity, alongside shifting USDT flows, are all signals that traders are pivoting into altcoins.
2872 - Explained
Binance face scrutiny as India investigates cross-border wallet flows and security risks. Globally, investigative agencies have been acting against illicit crypto funding.