Binance approved to offer crypto services to Swedish customers
The decision from Sweden’s financial authority followed regulators in France, Bahrain, Spain and Dubai granting similar approvals for Binance in 2022. Go to Source Powered by WPeMatico
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WazirX releases proof of reserves with majority of funds in Binance wallets
The cryptocurrency exchange released its proof of reserves and proclaimed to be India’s largest exchange both in volume and reserve funds. Go to Source Powered by WPeMatico
Binance pushes back against report stablecoin isn’t fully backed
The crypto exchange said there was a “timing mismatch in backing Binance-Peg BUSD with BUSD” seemingly showing data in which the stablecoin was not fully backed at times. Go to Source Powered by WPeMatico
Flare (FLR) airdrops 15% of total supply to XRP holders before correcting by 76%
After a 2-year wait, the layer-1 Flare blockchain has finally followed through and sent its tokens to those who held XRP at the time of the snapshot. Go to Source Powered by WPeMatico
Binance employees to adhere to 90-day period prior to trading
The cryptocurrency exchange confirmed its 3-month policy to prohibit insider trading by employees and their relevant family members. Go to Source Powered by WPeMatico
Voyager tells court Binance acquisition plan is ‘sound business judgment,’ urgently needed
The bankrupt brokerage answered objections from a host of interested parties, claiming its information disclosures are adequate and so is its decision making. Go to Source Powered by WPeMatico
Binance Joins Association of Certified Sanctions Specialists
Cryptocurrency exchange Binance has become a member of an organization providing training for sanctions compliance. With the move, part of efforts to improve its capabilities in this field, the largest trading platform for digital assets joins a club of multinational corporations and financial institutions. Crypto Exchange Binance Seeks Additional Sanctions Training for Its Compliance Team … Read more
Report Claims U.S. Prosecutors Investigate Hedge Funds in Connection with Binance Dealings
Federal prosecutors are reportedly investigating U.S.-based hedge funds that have dealt with the cryptocurrency exchange Binance, according to two people familiar with the matter. The hedge funds were allegedly issued subpoenas by the U.S. attorney’s office for the Western District of Washington. Sources Say U.S. Department of Justice Probes American Hedge Funds in Cryptocurrency Investigation … Read more
Hedge funds subpoenaed by U.S. prosecutors as Binance probe unfolds: Report
United States prosecutors are investigating hedge funds’ relationships with cryptocurrency exchange Binance for money-laundering violations. Go to Source Powered by WPeMatico
Bitcoin Hashrate Reaches All-Time High, Boost Could Lead to Record-Setting Difficulty Increase
During the first week of the new year, Bitcoin’s hashrate reached an all-time high (ATH) on Jan. 6, 2023, at block height 770,709. The network recorded a milestone of around 361.20 exahash per second (EH/s) on Friday, jumping more than 4% higher than the previous record of 347.16 EH/s recorded on Nov. 12, 2022. Network’s … Read more