Changpeng Zhao, the founder and former CEO of Binance, was released from US custody on September 28 after completing a four-month sentence in a California-based low-security prison, Lompoc II. The crypto mogul, who has been banned from the Binance leadership for lifetime, has decided to remain a part of the…
Binance is expanding its services portfolio to maintain its competitive edge in an increasingly crowded industry. On Thursday, September 12, the exchange introduced a new ‘token unlock and vesting schedule’ feature, which it says will make tokenomics more transparent and accessible for users. Vishal Sacheendran, Binance’s head of regional markets,…
Binance CEO Richard Teng, in a post on X, claimed that the exchange has managed to prevent losses of around $2.4 billion (roughly Rs. 20,130 crore) between January and July this year. According to Binance, over 1.2 million global users were protected against financial losses during this period. Touted as…
Binance users in India can now access the exchange’s website after being blocked in December 2023. The crypto exchange, touted as the largest in the world, has finally completed its registration with India’s Financial Intelligence Unit (FIU) and has also cleared the penalty of $2.25 million (roughly Rs. 18.8 crore)…
Binance has revealed in an announcement that it has recovered $73 million (approximately Rs. 612 crore) stolen by hackers and scammers from the global crypto sector as of July 31, 2024. The world’s largest cryptocurrency exchange, in a statement shared with Gadgets360, highlighted blockchain technology as a powerful tool in…
Binance is currently staring at a GST payment of Rs. 772 crore in India. In an official statement shared with Gadgets360, the crypto exchange once again repeated its intentions of striving to comply with Indian laws after this fresh run-in with the country’s Directorate General of GST Intelligence (DGGI). Earlier…
Binance, touted as the largest crypto exchange in the world, has been issued a notice in India, demanding a Goods and Services Tax (GST) payment of Rs. 772 crore (roughly $92 million). The Ahmedabad zonal unit of India’s Directorate General of GST Intelligence (DGGI) is the authority that has issued…
Binance has decided to add more layers of security over the management of accounts on its platform. The exchange’s decision comes after internal analyses showed that some of its features and services were being exploited to fetch unfair advantages, such as a better fee rate and higher API limits. Binance…
India’s Financial Intelligence Unit (FIU) has imposed a fine of $2.25 million (roughly Rs. 18.8 crore) on Binance. The financial watchdog announced the development on Thursday, June 20. India has claimed that the crypto exchange, touted as the largest in the world, was not adhering to the Prevention of Money…
Binance, one of the largest crypto exchanges in the world, recently sent over a team of officials to meet with law enforcement officers in Macau. The aim of this meeting was to train officers in understanding loopholes in Web3 technologies that could help them catch criminals. With the expansion of…
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