US Justice Department Appoints FRA as Binance Monitor Following $4.3 Billion Plea Deal

In a significant development, consulting firm Forensic Risk Alliance (FRA) has been chosen by the United States Justice Department to fulfill the role of an outside monitor for Binance Holdings Ltd. This decision comes after Binance pleaded guilty to violating…

India Grants Binance and KuCoin Approval Signaling Shift in Crypto Industry Credibility

In a significant development for the cryptocurrency industry, Binance and KuCoin, two prominent offshore crypto platforms, have received approval from India’s Financial Intelligence Unit (FIU-IND), the anti-money laundering unit under the country’s Finance Ministry. This comes after a previous ban…

Kenya’s Pursuit of Binance Executive Linked to Tax Evasion Drama in Nigeria

Key Highlights In the ongoing legal saga between Binance and Nigeria. Kenya’s authorities are poised to extradite Nadeem Anjarwalla, a Binance executive sought by Nigerian authorities. Despite facing significant challenges, including two postponed court proceedings, Kenya is moving forward with…

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…

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…

Changpeng Zhao, Previously at Binance, Initiates Innovative Educational Initiative in Crypto Sector

Changpeng Zhao, the visionary founder and former CEO of Binance, has made a significant shift in his professional trajectory with the announcement of an innovative educational project within the cryptocurrency space. This exciting venture comes at a time when Zhao’s…

All the Details Between Binance and the Angry Nigerian Government

One of the major developing stories in the crypto industry is Binance and the Nigerian government. So, two Binance employees received detention upon entering the country’s capital. Apparently, the issue was that Binance was operating illegally in the country. Furthermore,…

Binance support inability to help its customer who was being hacked – Pitiful state in Crypto

In a distressing turn of events, Twitter user @doomxbt_ recently shared a harrowing experience of being hacked on Binance. The user claimed a sudden and unexplained loss of funds, raising concerns about the efficacy of Binance’s customer support.  So, this…

Binance to Pay $4.3 Billion in Historic US Criminal Penalty Over Sanctions and Anti-Money Laundering Violations

Binance Holdings Ltd., has been directed to pay a substantial $4.3 billion in criminal penalties. This notable ruling, endorsed by US District Judge Richard Jones, represents a significant legal milestone in the United States, revealing the company’s involvement in questionable…