Binance Labs, the renowned venture capital and incubation arm of Binance, has recently made a significant investment in MilkyWay, a liquid staking protocol that operates within Celestia’s modular blockchain ecosystem. With its ambitious aim to become the leading provider of…
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Binance CEO Changpeng Zhao Gets 4 Months in Court Case
Changpeng Zhao, commonly known as CZ, the founder of Binance, one of the world’s leading cryptocurrency exchanges, appeared in court for sentencing on April 30. The Department of Justice (DOJ) prosecutors sought a three-year prison term, while the defense vehemently…
Binance Market Share Falls 26% as Bybit Grows in Bitcoin Trading
In recent times, offshore markets have witnessed a notable diversification trend in the realm of Bitcoin trading. This shift has brought about significant changes in market dynamics, particularly impacting the market share of Binance, a prominent cryptocurrency exchange. At the…
Binance Returns to India After Two-Year Ban and Pays $2 Million Penalty
Binance, is making preparations to re-enter the Indian market. Following a temporary ban imposed by the government earlier this year, Binance has taken significant steps to address compliance concerns and rebuild its rapport with Indian authorities. Insider reports indicate that…
Bitkub Capital, the owner of Thailand’s largest Crypto Exchange to go public in 2025
Bitkub Capital Group Holdings, the owner of Thailand’s largest cryptocurrency exchange, has announced its plans to go public in 2025. In an interview on Monday, Chief Executive Officer Jirayut Srupsrisopa revealed that Bitkub is preparing for an initial public offering…
KuCoin Announces $10 Million Airdrop Amid DOJ Charges and Withdrawal Delays
In a recent announcement, Johnny Lyu, the CEO of KuCoin, revealed that the popular cryptocurrency exchange will be launching a special $10 million airdrop in Bitcoin and KuCoin tokens. This strategic move comes in response to the recent charges leveled…
US-UK Review of $20 Billion in Crypto Transactions Tied to Russian Exchange
The US and UK governments are currently conducting a comprehensive review of cryptocurrency transactions worth over $20 billion associated with Garantex, a Russia-based virtual exchange. This joint effort aims to address the issue of sanctions evasion, which has been supporting…
StakeStone and Binance Labs Team Up for Omnichain Liquidity Enhancement
StakeStone, the staking protocol, has garnered a strategic investment from Binance Labs, the venture capital and incubation arm of Binance. This partnership marks a significant milestone in the world of decentralized finance, as StakeStone sets out to transform the landscape…
US Prosecutors Charge KuCoin and Founders for Alleged Anti-Money Laundering Violations
In a recent development, US prosecutors have charged KuCoin, one of the world’s largest cryptocurrency exchanges, along with two of its founders, for allegedly failing to comply with American anti-money laundering (AML) regulations. The charges stem from KuCoin’s purported negligence…
KuCoin Achieves Compliance with India’s FIU-IND Amid Strict Cryptocurrency Regulations
The FIU-IND, essential in India’s financial crime prevention efforts, scrutinizes financial transactions to combat money laundering. Cryptocurrency exchange KuCoin navigated regulatory challenges to align with FIU-IND’s strict compliance requirements, amidst India’s tight cryptocurrency regulations. Achieving compliance, KuCoin has been recognized…