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Binance News

Founded in 2017 by Changpeng Zhao (commonly known as CZ), Binance has become one of the largest crypto-asset exchanges in the market, providing a wide variety of software products and services for buying and selling cryptocurrencies.

Binance offers a range of products including crypto futures trading, margin trading and lending, powered by centralized and decentralized exchange platforms.

In April 2019, the company launched its own blockchain, Binance Chain, which is secured by a delegated proof-of-stake consensus. Binance Coin (BNB) is the protocol currency for the blockchain as well as the utility token for Binance’s exchange services. Binance Launchpad is a token sale platform that assists in launching blockchain ventures.

In the three years since its launch, Binance has become home to a variety of projects and initiatives ranging from exchange services, blockchain protocols and charity work, to venture accelerators — maintaining momentum through a constant dance of regulatory arbitrage as the exchange extends and launches services in jurisdictions across the world.

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Data shows traders have mixed emotions about BNB’s future, given Binance’s regulatory troubles and new mandatory KYC policy.

How will regulatory troubles and mandatory KYC impact Binance Coin (BNB) price?

2021-08-22T22:05:00+01:00

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The crypto exchange will limit services for existing users unless they adhere to the new KYC and AML requirements.

All Binance users are now subject to immediate KYC verification

2021-08-20T09:54:01+01:00

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Despite a failed $100-million funding round leading to the resignation of Binance US CEO Brian Brooks, the exchange still has its sights set on launching an IPO...

$100M funding round for Binance US falls through on regulatory concerns

2021-08-20T02:39:56+01:00

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Binance’s policy allows investors to get compensation on trading losses due to system or internal issues but does not cover the “what could have been” situation...

Binance crypto exchange outage sparks outrage as traders lose millions

2021-08-19T13:38:11+01:00

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The warning follows authorities in several countries issuing statements warning investors to exercise caution in regards to Binance, or claiming the exchange wa...

Dutch central bank claims Binance is operating illegally

2021-08-18T17:30:00+01:00

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Former IRS supervisor Greg Monahan replaces Karen Leong as the global money laundering reporting officer of Binance.

Former US Treasury official joins Binance to lead AML efforts

2021-08-18T12:07:37+01:00

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"We need to dispel the myth that crypto assets are anonymous. The reality is that with the right rules and applications they can be tracked, traced and recovere...

London court orders Binance to trace hackers behind $2.6M Fetch.ai attack

2021-08-13T18:27:26+01:00

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The crypto exchange giant said the decision was part of efforts aimed at proactive compliance with regulatory demands.

Binance halts KRW pairs amid tightening crypto exchange regulations in Korea

Osato Avan-Nomayo

2021-08-13T17:36:07+01:00

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