Binance

The post Binance Scores Landmark VASP License in Dubai, UAE Users to Migrate appeared first on Coinpedia Fintech News Binance’s relationship with controversy is well-documented, yet the company remains steadfast in its expansion goals. In a highly anticipated move, Binance has secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), marking a significant shift for its users in the UAE. Transition to Binance Dubai Binance announced that by December 15, 2024, all UAE resident…

The post Binance US Loses License, to Exit Washington by August 2024 appeared first on Coinpedia Fintech News Amidst a wave of regulatory hurdles in many regions, Binance US has announced the cessation of its operations in Washington. This decision comes amid increased scrutiny from regulatory bodies. A deadline of August 20, 2024, has been set for closing all accounts based in the state. The primary reason for halting operations is the expiration of the exchange’s operating license. Binance US…

The post Binance Secures VASP License in Dubai appeared first on Coinpedia Fintech News Binance’s relation with controversy is not new and despite that the firm is dedicated towards their expansion goals. After much anticipation, Binance has finally secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), leading to a significant shift for its UAE users.  Binance’s Strategic Move in UAE Binance announced that by December 15, 2024, all UAE resident accounts will migrate…

Infrared Finance raised an undisclosed amount from Binance Labs to develop its liquid staking solutions for Berachain. The company plans to launch its staking tokens, iBGT and iBERA, on Berachain’s V2 testnet soon. Infrared Finance, a Berachain-based liquid staking protocol, has successfully raised an undisclosed amount in a strategic funding round led exclusively by Binance Labs, the $10 billion venture capital arm of the global cryptocurrency exchange, Binance. This marks Binance Labs’ inaugural investment in the burgeoning Berachain ecosystem. We…

The post Binance CEO Richard Teng Bullish on Bitcoin Despite Recent Price Drop: Here’s Why appeared first on Coinpedia Fintech News Binance CEO Richard Teng remains optimistic about Bitcoin (BTC) despite its recent price drop to $58K. On June 25, Teng shared a post on X and mentioned, “It’s hard to not be bullish,” giving rise to global discussions. Also, he highlighted the increased BTC adoption across the globe, reflecting on factors like significant rise in vendors accepting payments in…

Binance has offered its help to the Turkish cryptocurrency exchange BtcTurk following a recent attack on the exchange that saw the theft of its hot wallets. In X, Binance CEO Richard Teng disclosed that they have managed to freeze over $5.3 million of the stolen funds, proving themselves as insiders devoted to guarding the crypto sphere. This intervention elucidates how Binance is keen on performing its duties in responding to the incidents even as they are being applauded for having…

The Shiba Inu community has proposed a new burning mechanism on Binance and Coinbase, that could see the circulating supply plummet drastically. Shiba Inu’s SHIB has come under intense pressure with the asset posting mixed market sentiments which could be driving high volatility. As volatility around Shiba Inu (SHIB) rises, the Shiba Inu community, commonly referred to as the “ShibArmy”, has offered a proposal that could see SHIB’s circulating supply plummet drastically. The new proposal has fueled massive optimism around…

With JASMY’s and BRETT’s current bullish trend from whale activities, crypto investors have begun their search for other crypto coins with the tendency of replicating their market performance.  They seem to have chosen RCO Finance, a DeFi gem known for its AI-powered tool—the Robo Advisor, which helps investors optimize their portfolios and make massive returns. But what’s attracting whales to RCO Finance? Keep reading to find out!  AI-Powered, Seamless Crypto Investments Assured On RCO Finance With its innovative AI-powered Robo…

The SEC uses Ripple’s lawsuit ruling as supplemental authority in the Binance case. Judge Hamilton’s objective ruling on XRP’s third Howey test prong sparks debate. In its continuous legal dispute with Binance, the U.S. Securities and Exchange Commission (SEC) has now added a new twist by taking advantage of a recent decision from the Ripple class action lawsuit. Following a legal opinion from a California district court judge, which differs greatly from a Southern District of New York (SDNY) judge’s…