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Articles for Binance Crypto

Binance CEO pleads guilty, steps down from company. Who is Changpeng Zhao?
1 year, 1 month ago

Binance CEO pleads guilty, steps down from company. Who is Changpeng Zhao?

Live Mint  

Founder-CEO of Binance, the world's largest cryptocurrency exchange Changpeng Zhao, or CZ, as he is fondly known by crypto enthusiasts, has stepped down from his role after pleading guilty to breaking US anti-money laundering laws, as per a Reuters report. Zhao agreed to a $4.3 billion settlement deal in a Seattle court on November 21, including a personal payout of …

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Crypto correction continues: Bitcoin hits 3-week low as SEC cracks down on unregistered securities
1 year, 10 months ago

Crypto correction continues: Bitcoin hits 3-week low as SEC cracks down on unregistered securities

India TV News  

As of February 13th, Bitcoin, which is the cryptocurrency with the largest market capitalization, saw a decline of 0.17% and was trading at $21,853. Bitcoin dropped below the $22,000 level, with Edul Patel, the Co-founder and CEO at Mudrex, attributing the decline to the temporary halt in staking service by the US-based Kraken cryptocurrency exchange and its subsequent $30 million …

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Binance to temporarily suspend US dollar bank transfers from 8 February
1 year, 10 months ago

Binance to temporarily suspend US dollar bank transfers from 8 February

Live Mint  

Crypto exchange trading platform Binance said that it will temporarily suspend US dollar bank transfers starting on Wednesday, CoinDesk confirmed the report on 6 February. "We are temporarily suspending USD bank transfers as of February 8th," CoinDesk quoted a Binance spokesperson as saying, noting just 0.01% of monthly active users use $ bank transfers. "In the interim, all other methods …

Bank Transfer Binance Crypto Tax
Bitcoin falls to 2 year low; ether, other crypto prices today continue to crash
2 years, 1 month ago

Bitcoin falls to 2 year low; ether, other crypto prices today continue to crash

Live Mint  

Cryptocurrency prices today remained under pressure after crypto exchange Binance said it was pulling out of a deal to purchase failing rival FTX Trading. The world's largest and most popular digital token Bitcoin's price today was trading more than 10% lower at $16,287, after plunging to $15,800 level, its lowest level since November 2020. "The global crypto market crumbled for …

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Binance plans to buy FTX's non-U.S. operations in latest crypto bailout
2 years, 1 month ago

Binance plans to buy FTX's non-U.S. operations in latest crypto bailout

The Hindu  

Crypto giant Binance signed a nonbinding agreement to buy rival FTX's non-U.S. unit, FTX.com, to help cover a "liquidity crunch" at the cryptocurrency exchange, the companies said on Tuesday, in a surprise move that raised fresh concerns about the risks investors face in the volatile crypto market. Binance CEO Changpeng Zhao said in a tweet that FTX, run by billionaire …

Liquidity Binance Exchange Buy Ftx Crypto Bailout
Binance crypto exchange hit by latest digital currency hack
2 years, 2 months ago

Binance crypto exchange hit by latest digital currency hack

Associated Press  

Binance, the world’s largest cryptocurrency exchange, may have lost more than $100 million following a hack of its Binance Smart Chain blockchain network. A reddit post by Binance discussing the incident said that the company temporarily suspended transactions and the transfer of funds after detecting an exploit between two blockchains, a method of digital theft that has been used recently …

Chain Hack Binance Crypto
Former McDonald’s burger-flipper is now worth $96 bn, richer than Mukesh Ambani
2 years, 11 months ago

Former McDonald’s burger-flipper is now worth $96 bn, richer than Mukesh Ambani

Live Mint  

The Abu Dhabi Grand Prix draws princes, movie stars and world-famous athletes every year to party on Yas Island, the entertainment hub about 30 minutes from the center of downtown. Zhao declined to comment for this story, and Binance disputed the accuracy of Bloomberg’s estimates of the firm’s market value and his net worth. The Bloomberg Billionaires Index estimated Binance’s …

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Bitcoin? Etherium? Dogecoin? Your guide to the crypto coins that matter
3 years, 8 months ago

Bitcoin? Etherium? Dogecoin? Your guide to the crypto coins that matter

CNN  

New York CNN Business — Bitcoin and its many peers have surged to new levels of popularity over the past year,but they’re still a mystery to many investors. Ranked by their market capitalization in US dollars, the biggest cryptocurrencies in the world are bitcoin, Ethereum, Binance Coin, XRP and Tether, according to CoinMarketCap. Its market cap briefly grew to more …

Market Crypto Bitcoin Digital Currency Coins High Value