Bitget Wallet launches $10M ecosystem fund alongside Onchain Layer
The ecosystem fund is denominated in Bitget Wallet’s native token, BWB, which is scheduled for debut this quarter. Go to Source
Binance
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Coinbase recovers after system-wide outage, but user withdrawals remain offline
While the reason behind the three hour, system-wide outage remains unknown, some users are still unable to transfer or withdraw their funds from the exchange. Go to Source
Nigeria’s foreign investment at risk due to Binance bribery allegations
SBM Intelligence emphasized that detaining foreign business officials could make it challenging for the country to attract investors. Go to Source
US Justice Department Chooses FRA Over Sullivan & Cromwell for Binance Oversight
The Justice Department has designated Forensic Risk Alliance (FRA) as the external monitor for Binance Holdings Ltd. This decision comes in the wake of Binance’s acknowledgment of breaching U.S. anti-money laundering regulations and sanctions. Bloomberg’s Ava Benny-Morison and Chris Strohm were the first to report this development. Known for its expertise in fraud investigations and … Read more
India Approves Crypto Exchanges Binance and Kucoin as Registered Virtual Asset Service Providers
Cryptocurrency exchanges Binance and Kucoin have successfully registered with India’s Financial Intelligence Unit as Virtual Asset Service Providers (VASPs), a top official has reportedly confirmed. Both crypto exchanges were previously banned in India due to violations of the country’s anti-money laundering regulations. Kucoin and Binance Registered With FIU India The Financial Intelligence Unit – India … Read more
3 reasons why traders put an $800 target on BNB price
BNB price continues to show strength, leading traders to place an $800 price target on the Binance exchange token. Go to Source
Binance obtains FIU approval for India return
Besides Binance and KuCoin, several other platforms received the regulatory notice in December last year followed by a ban in January this year. Go to Source
Nigeria Denies Binance CEO’s Claims of $150M Bribe Demand; Criticizes Attempt to Discredit Government
The Nigerian government has dismissed allegations from Binance CEO Richard Teng that representatives of the cryptocurrency exchange were solicited for a $150 million bribe by members of the House Committee on Financial Crimes (HCFC). A special assistant to the Nigerian Information Minister characterized Teng’s bribery claim as part of a coordinated international campaign by Binance … Read more
Binance Fined Over $4 Million in Canada for Money Laundering Violations
Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) has imposed a fine of C$6 million on crypto exchange Binance for failing to comply with anti-money laundering and terrorist financing laws. This penalty, equivalent to approximately $4.4 million, was levied after Binance failed to register as a foreign money services business and neglected to report over … Read more
Canadian regulator fines Binance $4.4M for AML and CFT violations
FINTRAC reported that Binance facilitated 5,902 separate transactions of $10,000 or more in crypto from June 2021 to July 2023 and failed to register with the regulator. Go to Source