Binance held customer funds and token collateral in the same cold wallet. The exchange claimed that the mixing was by mistake and is working on correcting it.
Binance reportedly hid its ties with China after the latter's crackdown on crypto in 2017. CEO Changpeng Zhao reportedly instructed employees to hide information about the exchange's presence in China.
Binance is reportedly looking to acquire CoinDesk for around $75 million. Negotiations for the deal are currently on hold as the exchange is anticipating an exodus of journalists following the acquisition.
Binance confirms its participation in Musk’s Twitter takeover deal Binance wired $500 million to Musk two days ago, as promised by its CEO, Changpeng Zhao. Crypto exchange Binance has finally confirmed the news of being a legitimate equity investor in Elon Musk’s Twitter takeover deal. Binance Confirms Its Participation In...
Binance Labs has committed $15 million to web3 gaming startup Xterio. The funds will be used to accelerate Xterio's game development and incubation as well as the launch of its token.
Binance CEO Changpeng Zhao recently revealed that his company plans to make investments into several bank. By becoming a minority investors, the exchange will try to guide the banks towards crypto friendly policies.
Binance is reportedly exploring a plan to allow some of its institutional clients to keep their trading collateral at a bank instead of storing it on the trading platform.
Summary: Binance is set to restart operations in Japan’s crypto market after acquiring licensed trading venue Sakura in November 2022. The Sakura Exchange BitCoin (SEBC) which currently supports 11 trading pairs will cut its services on May 31 and rebrand to “Binance Japan”. Changpeng Zhao’s company will re-enter Japan five...
