Changpeng Zhao reveals Binance’s loss from Terra investment

Changpeng Zhao, CEO of the Binance bitcoin exchange, spoke about investing in the failed Terra project and announced the amount owned by the company in the UST stablecoin. 2/ Binance received 15,000,000 LUNA (at peak worth $1.6 billion USD, now not much) as part of the original ($3m) invest. 560x return at peak. It still […]

This is the Richest Person in the World from Crypto, Can You Guess?

Jakarta, CNBC Indonesia – Become one of the richest people in the world because cryptocurrency (crypto assets) is not a dream. Changpeng Zhao is proof of his life. But he became the richest man not because of trading or being a crypto investor but because he owned the Binance crypto exchange platform. Forbes calculates Changpeng […]

Binance launches payment company Bifinity

Bitcoin exchange Binance announced the launch of Bifinity, which is positioned as the official provider of payments in fiat and digital currencies. We are LIVE! Learn about our services, and how we will be partnering with SafePal, Zilliqa, Paysafe, and https://t.co/QSB0QPYxFV to expand cryptocurrency access worldwide.https://t.co/PwlRt0JmfL#cryptocurrency #payments pic.twitter.com/IdFOLIoAXi — Bifinity (@bifinity) March 7, 2022 “Bifinity’s […]

Binance launches payment company Bifinity

Bitcoin exchange Binance announced the launch of Bifinity, which is positioned as the official provider of payments in fiat and digital currencies. We are LIVE! Learn about our services, and how we will be partnering with SafePal, Zilliqa, Paysafe, and https://t.co/QSB0QPYxFV to expand cryptocurrency access worldwide.https://t.co/PwlRt0JmfL#cryptocurrency #payments pic.twitter.com/IdFOLIoAXi — Bifinity (@bifinity) March 7, 2022 “Bifinity’s […]

Bitcoin strengthened sharply, the Russians flock to the ruble for cryptocurrencies

The growth of bitcoin et al. follows Western sanctions affecting the functioning of the Russian financial system. Citizens of the Russian Federation, for example, have problems withdrawing cash from ATMs, the ruble has weakened sharply. Data from virtual currency provider Kaiko suggests that many Russians have decided to trade their funds for cryptocurrencies. The volume […]

Binance and Huobi Halt New User Registrations From China

Bitcoin exchanges Binance and Huobi have stopped registering new users in mainland China after a new wave of government crackdown on cryptocurrencies, Bloomberg reported. Companies have banned customers from using Chinese phone numbers to register new accounts. Hong Kong residents can still create wallets on both platforms, according to the agency. In a conversation with […]

Changpeng Zhao Announces Binance.US Plans To Go IPO

The American division of the bitcoin exchange Binance may conduct an initial public offering (IPO) in the future. This was stated by the CEO of the platform Changpeng Zhao during a speech at the REDeFiNE Tomorrow 2021 blockchain event. No direct plan for IPO right now though. Currently focus on growing. — SCB 10X (@SCB10X_OFFICIAL) […]

FTX CEO Explains Divorce with Binance on Difference in Approaches to Doing Business

The FTX crypto derivatives exchange has bought back the shares sold by Binance. In an interview with Decrypt, founder Sam Bankman-Freed explained the move by the need for greater agility and difference in business management styles. In July, FTX raised $ 900 million in its Series B funding round, bringing its valuation to $ 18 […]

Azzurri warns investors that Binance is not allowed to conduct domestic transactions

According to CoinDesk, the Italian Corporation and Exchange Commission (CONSOB) has issued a warning stating that Binance Group is not licensed. To carry out services and investment activities in Italy The watchdog also said the alert included binance.com, the world’s largest cryptocurrency exchange. CONSOB warned that Binance Group is not authorized to operate services and […]

Binance suspends bank deposits in euros for factors beyond its control – Markets

Binance, the world’s largest cryptocurrency broker by transaction volume, has warned its customers that it has suspended euro deposits via bank transfer to its platform, due to “factors beyond its control”. In the same email that was sent to all customers, and to which the Business had access, the company states that this suspension takes […]