How Binance Hides Its Legal Structure From Users and RegulatorsBinance exchange took off in 2017. In a few months’ time, it became one of the leading platforms by trading volume. By now, it’s got a multitude of new services and clients all over the world.
Binance and Coinbase Accused of Insider Trade (Again)Binance and Coinbase, two large crypto exchanges, were accused of facilitating insider trade on Twitter by a researcher from The Block and the CEO of Canadian exchange BullBitcoin. Both exchanges recently listed small-time altcoins that saw a significant price increase days before the official announcement.
Binance Accused of Stealing $1 Million Worth of Assets: Company Denies Everything but Class Action UnderwayIn November 2018, Binance cryptocurrency exchange blocked an account containing almost $1 million worth of funds. Its owner accuses the site employees of embezzlement. This was initially reported to Forklog by the representatives of HackControl.
Ukraine’s Deputy Minister of Digital Transformation: We Want Ukraine to Join Countries That Develop New EconomyUkrainian legislators are working on regulations for the crypto-industry. The Verkhovna Rada of Ukraine (the country’s parliament) will hear the tax law amendments that will include the definition of cryptocurrencies. The Ministry of Digital Transformation, which is tasked with the creation of the “state in a smartphone,” is now collaborating with Binance to reach its […]
Hacker’s Loophole: Vulnerabilities That Cause Bitcoin Exchanges to Lose MillionsAccording to a May study by The Block, 42 large cryptocurrency exchanges have been compromised since 2012, not taking smaller platforms into account. The total amount of stolen funds exceeded $1.35 billion, with about 59% of these funds (795.5 million) being stolen in 2018.
Exclusive: CZ Binance on His Wealth, Values, Russia and ChinaBinance’s founder and CEO Changpeng Zhao, 42, made his way from a small town in China to a Forbes cover and became a shy rockstar of the bitcoin-industry. Widely known as CZ, today he runs one of the biggest crypto exchanges in the world which offers a wide range of services from spot trading to […]
Bitcoin Briefly Test $9,000 as Binance Reportedly Launches Margin TradingFollowing the recent surge past the $8,500 mark, on Thursday, May 30, Bitcoin has hit another milestone for the year, surging past $9,000 on Bitstamp and other major exchanges.
No Bitcoin Network Re-Org as Binance Falls Victim to $40 Mln HackLeading cryptocurrency exchange Binance announced May 7 the discovery of a “large scale security breach” leading to malicious actors being able to access user API keys, two-factor authentication codes and “potentially other info.”
2018 is the Year of Crypto Correction According to Binance CEO Changpeng Zhao as Bitcoin Goes BullishChangpeng Zhao, the CEO and co-founder of major cryptocurrency exchange Binance, believes that 2018 is a “correction year” for cryptocurrencies, which makes him express general optimism for the future of the industry.
Binance Adds Support for Circle’s USDC StablecoinLeading cryptocurrency exchange Binance has announced it will list USD Coin (USDC), the stablecoin created by Circle and Coinbase via the CENTRE Consortium.
Binance and Malta Stock Exchange Sign Agreement to Launch Crypto Trading PlatformOn Tuesday, September 11, leading cryptocurrency exchange Binance signed a memorandum of understanding with the Malta Stock Exchange to launch a new digital exchange for security token trading.
No Plans for IPO, Binance Exchange CEO SaysLeading cryptocurrency exchange Binance has no immediate plans to go public despite hiring an IPO veteran Wei Zhou as its chief financial officer.