Bitcoin price reversed course at the $71,000 level as professional traders' confidence began to waver.
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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Blockchain and crypto have a place in a partnered remittance ecosystem in Latin America, the financial services giant found.
5242The U.S. Securities and Exchange Commission wants an extra $158 million to address the “Wild West of the crypto markets.”
6527CommEx previously remained silent about its founders or key executives, but admitted having some former Binance Russia veterans in the team.
4517The ban will take effect within three months, allowing investors to exit their crypto positions held via the Binance exchange.
12780Nigerian authorities are investigating how the detained executive fled despite not holding any travel documents.
11025BNB price could aim for new highs as multiple metrics point to Binance remaining a major player in the crypto sector.
1929In the motion, the lawyer representing the anti-graft agency contended that Binance’s activities in Nigeria contain elements of criminality.
2879The entire crypto market tumbled today as Bitcoin price dropped below $63,000 and large-cap altcoins sold off.
10853The European Parliament granted final approval to the European Union’s artificial intelligence law, one of the world’s first set of comprehensive AI regulations.
3813Since his guilty plea in November 2023, Changpeng Zhao has largely stayed off social media but broke this pattern to announce a project with “no new tokens.”
8283“In the past few weeks, there has been no shortage of records, all-time-highs, and crypto industry firsts,” Binance wrote.
2595A crypto whale bought 314 million BOME tokens ahead of its Binance listing, sparking insider trading discussions among community members.
6471The Chamber of Digital Commerce believes that Gambaryan’s detention is arbitrary, without due process, and presents a significant challenge to international law norms and diplomatic relations.
6374The hackers illegally accessed funds on NFPrompt, including a portion of the NFP treasury and ecosystem fund.
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