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Binance

Binance reportedly lays off over 1,000 workers as Regulatory Storm Brews

Binance, one of the world’s largest cryptocurrency exchanges, has recently terminated more than 1,000 employees globally as it faces an ongoing legal investigation led by the U.S. Securities and Exchange...
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Binance Sets Sights on UAE as Next Crypto Hub Amidst US Regulatory Pressure

In the aftermath of several regulatory challenges in the United States, Binance, the popular cryptocurrency exchange, is shifting its focus to the United Arab Emirates (UAE). Binance Dubai’s general manager,...
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Binance Initiates Integration Process for Lightning Network

Binance, one of the leading cryptocurrency exchanges, has announced its decision to integrate the Lightning Network for deposits and withdrawals. This move follows in the footsteps of its competitors, Kraken...
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Binance Sends Cease and Desist Notice to Binance Nigeria Limited, Denying Any Association

Binance CEO Changpeng Zhao recently made an announcement regarding Binance’s action against the fraudulent entity known as Binance Nigeria Limited. Zhao took to Twitter on June 18 to inform the...
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Nigerian Securities and Exchange Commission Declares Binance Activities Illegal

In a recent statement, the Securities and Exchange Commission (SEC) of Nigeria has officially declared the activities of Binance in Nigeria to be illegal. This move has significant implications for...
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U.S. Securities and Exchange Commission Files Lawsuit Against Binance and CEO CZ for Securities Law Violations

In a recent development, the U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against leading cryptocurrency exchange Binance and its founder and CEO, Changpeng “CZ” Zhao. The SEC...
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Binance Returns to Japanese Market with Fully Regulated Subsidiary

Binance, the popular cryptocurrency exchange, is making a comeback in the Japanese market after a five-year absence. The company is in the process of establishing a new subsidiary in Japan,...
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Binance CEO CZ Unfollows Elon Musk on Twitter, Maintains $500 Million Investment in Twitter Amid Speculation

The CEO of Binance, Changpeng Zhao (CZ), has recently unfollowed Elon Musk, the owner of Twitter, on the social media platform. However, it appears that Binance’s investment in Twitter remains...
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Binance Pauses Bitcoin Withdrawals Again as Network Congestion Surges

Binance has once again paused bitcoin (BTC) withdrawals due to the unprecedented congestion on the Bitcoin network. This marks the second time in one day that the exchange has had...
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Kenya’s Proposed Cryptocurrency Tax Compared to Binance’s Trading Fees

A comparison between Kenya’s proposed 3% tax on cryptocurrencies and Binance’s 0.10% trading fee reveals a stark difference in costs for traders. Kenya’s move towards cryptocurrency regulation began in November,...
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