News
Former Binance CEO Changpeng Zhao denied reports that he agreed to testify against Justin Sun, calling the WSJ story baseless and politically motivated.
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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.
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The SEC and Binance have recently had “productive discussions” in their nearly two-year legal battle, a court filing says.
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Justin Sun cast doubt on the rumors, stating that he has “full trust” in the US Department of Justice and Changpeng “CZ” Zhao.
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Elsewhere, an industry panel told Cointelegraph that the crypto bull market probably hasn't even started yet.
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Binance is set to launch LDUSDt, a new reward-bearing margin asset that users can obtain by swapping USDt from its Simple Earn product, emphasizing that it is not a stablecoin.
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BitMEX CEO Stephan Lutz said observing how exchanges influence perpetual swap contracts can help traders avoid pump-and-dump schemes.
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Factors such as team commitment, development activity, and responsiveness to Binance’s due diligence requests were considered during the evaluation process.
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Pi Network may not need Binance to survive, but without major exchange support, its chances of real-world adoption and growth could fade fast.
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A Nigerian court has adjourned the tax authority’s case against Binance until April 30 to allow time for the regulator to respond to a request from the company.
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Binance founder Changpeng Zhao has agreed to advise Kyrgyzstan on blockchain and crypto-related matters to strengthen the country’s government and economy.
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CEX listings had an average return of over 80% during the past 180 days, outperforming the NYSE and Nasdaq’s average IPO returns.
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Crypto donations in 2025 are expected to reach $2.5 billion on growing crypto wealth creation and an improving political landscape.
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Bitcoin’s market structure is shifting back to bulls, increasing the chance of BTC price seeking new all-time highs.
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VanEck has filed to register a Delaware trust company for a potential spot BNB ETF in the United States, marking a first for the crypto asset.
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European Economic Area users can still custody non-MiCA-compliant tokens, such as Tether’s USDt, and trade them in perpetual contracts.
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