Binance Unveils Plan to Hire 1,000 Employees This Year, Prioritizing Compliance Amid Regulatory Pressure

August 24, 2024 Bitcoin.com

Binance

Crypto exchange Binance plans to hire 1,000 new employees this year, primarily for compliance roles, as regulatory spending exceeds $200 million. CEO Richard Teng highlighted the company’s commitment to bolstering its compliance operations amid increased regulatory scrutiny and ongoing legal challenges. Binance to Expand Workforce With 1,000 New Hires Amid Regulatory Scrutiny Binance CEO Richard […]

Bitcoin and BNB see gains up to 3% as CZ makes first tweet post-release

India Expected to Release Consultation Paper on Cryptocurrency Regulations in Coming Months, Report

August 24, 2024 Bitcoin.com

Binance

The Indian government, through a panel headed by the Secretary of the Department of Economic Affairs (DEA), is expected to release a consultation paper on cryptocurrency regulations. The paper, scheduled for release between September and October 2024, will seek input from stakeholders to gather feedback on effective regulation. India is emphasizing the importance of international […]

Bitcoin and BNB see gains up to 3% as CZ makes first tweet post-release

Binance Launches Mobile Money Feature for Crypto Transactions in Africa

August 23, 2024 Bitcoin.com

Africa

Crypto exchange Binance has launched its One Click Buy and Sell (OCBS) service in Africa, enabling users in Ghana, Tanzania, Uganda, and Zambia to buy and sell cryptocurrencies via mobile money accounts. This initiative aims to enhance financial inclusion, particularly for the unbanked and underbanked populations. Binance Expands Services in Africa, Boosting Crypto Accessibility Cryptocurrency […]

Bitcoin and BNB see gains up to 3% as CZ makes first tweet post-release

Major Large-Cap Altcoin on the Cusp of Rallying Further, According to Crypto Trader – Here’s Why

August 23, 2024 The Daily Hodl

Altcoins

A closely followed crypto strategist believes that one top-10 altcoin is about to move another leg up. Pseudonymous analyst Altcoin Sherpa tells his 215,400 followers on the social media platform X that that he thinks BNB, the native asset of the DeFi protocol Binance Smart Chain, will witness higher prices this year. He also believes […]

The post Major Large-Cap Altcoin on the Cusp of Rallying Further, According to Crypto Trader – Here’s Why appeared first on The Daily Hodl.

Bitcoin and BNB see gains up to 3% as CZ makes first tweet post-release

Binance Announces Support for New Dog-Themed Memecoin From Telegram Ecosystem

August 23, 2024 The Daily Hodl

Altcoins

Top global crypto exchange Binance is rolling out support for a new memecoin that was created out of the messaging platform Telegram community. In a new announcement, Binance says it is listing Dogs (DOGS), a memecoin on the layer-1 blockchain The Open Network (TON). Binance will first list DOGS on August 23rd in the Binance […]

The post Binance Announces Support for New Dog-Themed Memecoin From Telegram Ecosystem appeared first on The Daily Hodl.

Bitcoin and BNB see gains up to 3% as CZ makes first tweet post-release

Binance Says It Protects Over $2.4 Billion From Crypto Scams This Year

August 22, 2024 Bitcoin.com

Binance

Crypto exchange Binance says it has protected over $2.4 billion from scams and fraudulent activities this year, safeguarding more than 1.2 million users worldwide. The exchange’s AI-driven and manual risk management system identified and blocked suspicious transactions, particularly during crypto withdrawals, where $1.1 billion in scam-related activities were thwarted, Binance explained. $2.4 Billion Saved, Says […]

Bitcoin and BNB see gains up to 3% as CZ makes first tweet post-release

Binance and Ex-CEO Changpeng Zhao Sued in Lawsuit Alleging Money Laundering

August 21, 2024 The Daily Hodl

Binance

The world’s largest crypto exchange by volume and its founder are being named as defendants in a new money laundering lawsuit. According to a new class action, Binance willfully neglected to register itself with the proper authorities and failed to maintain adequate anti-money laundering protocols as a means of earning profits from the US markets. […]

The post Binance and Ex-CEO Changpeng Zhao Sued in Lawsuit Alleging Money Laundering appeared first on The Daily Hodl.

Bitcoin and BNB see gains up to 3% as CZ makes first tweet post-release

Binance Faces Renewed Legal Battle Over Alleged Crypto Money Laundering

August 21, 2024 Bitcoin.com

Binance

Binance and its former CEO, Changpeng Zhao (CZ), are facing a revived class action lawsuit in the U.S. District Court for the Western District of Washington, Seattle. The lawsuit, filed by three cryptocurrency investors, alleges that Binance facilitated money laundering of stolen crypto assets, making them untraceable. The plaintiffs claim that their stolen crypto was […]

Bitcoin and BNB see gains up to 3% as CZ makes first tweet post-release

CZ and Binance face new lawsuit for alleged laundering of stolen crypto

August 21, 2024 Coin Telegraph

Binance

One legal expert says if the class-action lawsuit progresses, it could put the “efficacy of blockchain analytics itself” on trial.

Binance and its former CEO Changpeng “CZ” Zhao are facing a new class-action lawsuit from three crypto investors who say they couldn’t recover their stolen assets because the exchange failed to prevent money laundering.

In an Aug. 16 class action complaint filed in the U.S. District Court for the Western District of Washington, Seattle, the plaintiffs allege their crypto was stolen, and those funds were sent to Binance by the thieves to “remove the connection between the ledger and their digital assets,” making them untraceable.

Three plaintiffs have filed a civil action complaint against Binance and former CEO CZ. Source: PacerMonitor

Bitcoin and BNB see gains up to 3% as CZ makes first tweet post-release

Coinbase Ecosystem Memecoin Breaks Out After Earning Sudden Binance Futures Listing

August 20, 2024 The Daily Hodl

Altcoins

A Coinbase ecosystem memecoin is rallying after suddenly gaining support from Binance, the largest crypto exchange in the world. In a new announcement, Binance says it will add futures contracts for Brett (BRETT), a memecoin built on Coinbase’s Ethereum (ETH) layer-2 Base. Brett bills itself as the “mascot” of the Base chain. “To expand the […]

The post Coinbase Ecosystem Memecoin Breaks Out After Earning Sudden Binance Futures Listing appeared first on The Daily Hodl.

Binance

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