Category: Binance

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Binance Faces Potential Criminal Investigation in Japan for Operating Without a License

binance logoThe Binance trading platform has gotten a lot of attention over the past few months. Considering that it is one of the world’s biggest trading platforms for cryptocurrencies, it is only normal that people will take a closer look at how this company operates right now. It seems the company is still operating without a license in Japan, which could quickly become a problem. Binance Faces Issues in Japan While no one will deny that the Binance exchange has grown by leaps and bounds in the past few months, there are still some legal questions waiting to be answered. Especially in Japan, the

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New Binance Phishing Campaign Is Interested in Your ERC20 Tokens

binance prCryptocurrency exchanges have always been a prominent target for hackers and other types of cybercriminals. Those concerns will not be going away anytime soon, considering how successful phishing attempts can be. The latest campaign is targeting Binance users and makes mention of an “ERC20 import event”. Binance Users Beware It is evident the growing popularity of Binance as a cryptocurrency trading platform has not gone by unnoticed. A lot of people are showing an interest in what the platform has to offer, but not all of this attention is 100% legitimate. Indeed, we’ve seen a lot of phishing campaigns, which are often relatively successful in the

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Bitcoin Price Watch: Currency Drops By $300 (Again…)

Bitcoin has endured another $300 slump. After trading at nearly $8,900 and giving many advocates hope that it could potentially reach $9,000 in the coming days, the father of cryptocurrencies has ultimately shrunk back. Overall, both bitcoin and ether fell nearly four percent from yesterday’s “highs” following what appeared to be a steady week of small, yet noticeable growth. Analysts widely claim that the jump may have been a result of bitcoin striving to spike above fear surrounding Binance, the Hong Kong-based cryptocurrency exchange also operating in Japan. “Land of the rising sun” regulators had given Binance a warning memo

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Markets Update: Trader Sentiment Optimistic But Signals Still Unclear

Markets Update: Trader Sentiment Optimistic But Signals Still UnclearCryptocurrency markets are bouncing around in value over the course of the weekend as the entire crypto-market capitalization currently rests at $329 billion USD. BTC/USD markets briefly jumped above the $9K region on Sunday, March 25 but dropped an hour later to a low of $8,398. Most of the digital currencies within the crypto-economy have […]

The post Markets Update: Trader Sentiment Optimistic But Signals Still Unclear appeared first on Bitcoin News.

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Japan’s FSA Opens Active Dialogue With Binance Over Recent Issues

binance prMisinformation has become all too common in the world of cryptocurrency over the past few months. This industry has increasingly attracted a lot of new users who tend to spread half-truths and wrong details. In the case of Binance, the company is not facing specific scrutiny from the Japanese government, despite what some media outlets may claim. The Binance Plot Thickens Over the past few days, we have seen quite a few reports claiming that the Binance exchange is in troubled waters. More specifically, rumor has it that the exchange is under investigation by Japan’s FSA and may be forced to shut its doors in the

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Malta Prime Minister Welcomes Binance to Its “Blockchain Island”

Malta Prime Minister Welcomes Binance to Its “Blockchain Island”The world’s largest cryptocurrency has found a new home on one of the world’s smallest island states. Prime Minister Joseph Muscat warmly welcomed the cryptocurrency platform and spoke of his desire for Malta to become “global trailblazers in the regulation of blockchain-based businesses and the jurisdiction of quality and choice for world class fintech companies”. […]

The post Malta Prime Minister Welcomes Binance to Its “Blockchain Island” appeared first on Bitcoin News.

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Nikkei Claims Criminal Charges Can Be Filed Against Binance, CEO Clears up FUD

Japanese mainstream media outlet Nikkei reported earlier this week that criminal charges could be filed against Binance if it failed to halt its Japan operations. Binance CEO Changpeng Zhao swiftly responded to the report, stating that it was “irresponsible journalism.” On March 22, Nikkei reported that the Japanese Financial Services Agency (FSA) had warned Binance about its operations in Japan and asked the cryptocurrency exchange to stop providing its service to investors based in Japan. Nikkei’s initial report read, “Criminal charges to be filed if Binance fails to halt Japan operations.” However, Zhao revealed that the Binance team had been communicating with Japanese financial

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Binance Warned by Japan’s FSA, Criticizes Reporters

Binance Warned by Japan's FSA, Criticizes ReportersThe Nikkei Asian Review has reported that Japan’s financial regulator, the Financial Services Agency (FSA), has warned leading cryptocurrency exchange Binance that it will face criminal charges if it continues its Japanese operations without a license. Binance’s chief executive officer has described the report as “irresponsible,” stating that the exchange is engaging in “constructive” dialogue” […]

The post Binance Warned by Japan’s FSA, Criticizes Reporters appeared first on Bitcoin News.

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