Browsing Tag

Binance

Binance Faces Massive Blow: $4.3 Billion Fine and CEO Resignation

Rose Nov 22, 2023

In a historic development, the CEO of Binance, the world's largest cryptocurrency exchange, is set to step down following the company's admission of guilt to multiple violations of the Bank Secrecy Act and other charges. Binance has…

Crypto Sensation: Turning $10,000 into $500,000 in Just Minutes

Clark Baisa Nov 3, 2023

Crypto investing can be a game of chance, but gaining a deeper understanding of this emerging asset class puts luck on your side. In the dynamic and unpredictable realm of cryptocurrencies, understanding the intricacies of tokens aside…

Binance Implements Employee Layoffs Following Executive Exodus

Clark Baisa Jul 15, 2023

Binance, one of the world's largest cryptocurrency exchanges, has announced a significant layoff of employees just days after experiencing a wave of executive departures. The move has raised concerns and sparked speculation about the…

SEC Charges Prompt Staff Reductions at Crypto Binance’s US Affiliate

Clark Baisa Jun 17, 2023

Since regulators last week charged the U.S. affiliate of crypto giant Binance with violating securities laws and seeking to seize its assets, layoffs have occurred. Based on the accounts of two knowledgeable individuals who possess…

Bitcoin price soars to $24,000 despite crackdown concern

Clark Baisa Feb 16, 2023

Bitcoin climbed almost 9% on Wednesday to its highest level since August as concerns of a US regulatory crackdown faded. According to CoinDesk data, the price of the largest cryptocurrency peaked at $24,364 on Wednesday. From its…

Binance adapts zero-knowledge verification to improve Proof of Reserves system

Clark Baisa Feb 11, 2023

Binance added zk-SNARK, a zero-knowledge verification mechanism, to its Proof of Reserves (PoR) system on Friday to protect sensitive data. Additionally, the company integrated four new crypto tokens into the PoR system. These tokens are…

Binance will ban international US dollar withdrawals and deposits starting February 8

Rose Feb 8, 2023

The largest cryptocurrency exchange in the world, Binance, said on Monday that it would stop accepting deposits and withdrawals in US dollars. The business gave no explanation for the move. The company's subsidiary Binance US, which is…

Axie Infinity players drop since November 2022. Here’s why!

Clark Baisa Jan 24, 2023

The monthly player count of the play-to-earn game Axie Infinity has fallen to levels not seen since November 2020, a period of 26 months, despite having sold a total of $4.26 billion in non-fungible tokens (NFT). Despite the small…

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