Bitcoin
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$70,339.00 -1.36002
Bitcoin price
Ethereum
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$3,549.52 -1.40174
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BNB
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$618.60 5.25701
BNB price
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$187.75 0.2004
Solana price
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$0.0000079 -3.75816
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Bonk
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$0.0000269 -6.83811
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Bitcoin
Bitcoin (BTC)
$70,339.00 -1.36002
Bitcoin price
Ethereum
Ethereum (ETH)
$3,549.52 -1.40174
Ethereum price
BNB
BNB (BNB)
$618.60 5.25701
BNB price
Solana
Solana (SOL)
$187.75 0.2004
Solana price
XRP
XRP (XRP)
$0.6375480 2.32452
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000309 -4.5209
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000079 -3.75816
Pepe price
Bonk
Bonk (BONK)
$0.0000269 -6.83811
Bonk price
Bitcoin
Bitcoin (BTC)
$70,339.00 -1.36002
Bitcoin price
Ethereum
Ethereum (ETH)
$3,549.52 -1.40174
Ethereum price
BNB
BNB (BNB)
$618.60 5.25701
BNB price
Solana
Solana (SOL)
$187.75 0.2004
Solana price
XRP
XRP (XRP)
$0.6375480 2.32452
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000309 -4.5209
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000079 -3.75816
Pepe price
Bonk
Bonk (BONK)
$0.0000269 -6.83811
Bonk price
Bitcoin
Bitcoin (BTC)
$70,339.00 -1.36002
Bitcoin price
Ethereum
Ethereum (ETH)
$3,549.52 -1.40174
Ethereum price
BNB
BNB (BNB)
$618.60 5.25701
BNB price
Solana
Solana (SOL)
$187.75 0.2004
Solana price
XRP
XRP (XRP)
$0.6375480 2.32452
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000309 -4.5209
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000079 -3.75816
Pepe price
Bonk
Bonk (BONK)
$0.0000269 -6.83811
Bonk price

Binance News

crypto.news is a leading source of cryptocurrency and blockchain news, keeping you up to date with what’s happening in crypto. One of the key players to keep an eye on in the crypto market is the international trading and development powerhouse, Binance.

Binance is the world’s largest cryptocurrency exchange by trading volume, founded late in the game in 2017. Founder and CEO Changpeng Zhao is a business executive that contributed to the development of Blockchain.info, the world’s first Bitcoin blockchain explorer which allows the public to view and search Bitcoin transactions on the blockchain. He was also the Chief Technology Officer of rival exchange OKCoin.

Binance is registered in the Cayman Islands and maintains an international presence in terms of its user base, moving its headquarters from China following a 2017 regulatory crackdown from the Chinese government on crypto trading. The company is not without controversy, having suffered an apparent security breach in 2019 resulting in the loss of 7,000 bitcoins worth $40 million at the time.

The company has also faced regulatory scrutiny and legal investigations in 2021 from the U.S. Department of Justice and the IRS regarding allegations of money laundering and tax evasion. The UK Financial Conduct Authority banned Binance in 2021. Several banks in Thailand, China, and Japan have banned users from sending money to the Binance exchange, and Binance has received warnings from Hong Kong regulators regarding its activities.

The investigations were launched after the Forbes media outlet published leaked internal documents indicating that Binance had deliberately created a complex series of shell companies and other corporate infrastructure to deceive U.S. regulators. Binance denied these charges and initially sued Forbes for defamation before dropping the lawsuit.

However, Binance has also developed strong ties with other nations, brokering a deal with the government of Bermuda. Binance agreed to donate $15 million to Bermuda via Binance Foundation and Binance Labs, an incubator project geared towards helping new blockchain companies develop their technology. Binance also pledged to create at least 40 jobs in Bermuda, and the small nation with a population of around 70,000 now accepts Binance stablecoin BUSD as payment for taxes and government services.

Binance launched Binance Smart Chain in 2020 as a potential contender with Ethereum, allowing developers to create and launch apps on Binance’s network. The company also launched the BNB cryptocurrency as a utility token on its trading platform, offering users discounted trading fees when trading with BNB.

Binance had a market capitalization of $1.3 billion when measured in 2018 and has remained the largest exchange by market cap ever since. Binance had an estimated 28 million users in 2021, generating profits between $800 million and $1 billion with an annual trading volume of $7.7 trillion. Overall, the project is a powerhouse in the crypto space, launching charities and fostering innovation on 5 different continents through its Foundation and incubator project among other limited companies.

However, if the IRS and DoJ investigations in the U.S. find that Binance has indeed carried out money laundering and tax evasion in the U.S., pressure may mount internationally to restrict or ban the use of the Binance exchange in different markets.

Latest Binance News

Detained Binance’s executives sue Nigerian government, report says
News
Read more - Detained Binance’s executives sue Nigerian government, report says

Detained Binance’s executives sue Nigerian government, report says

Binance’s executives intercepted by Nigerian officials have sued the Nigerian government, saying the local authorities have violated their fundamental rights. Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, have filed a lawsuit against Nigeria‘s national security adviser’s office and the anti-graft…
OKX’s API experiences technical glitches, display errors
News
Read more - OKX’s API experiences technical glitches, display errors

OKX’s API experiences technical glitches, display errors

Crypto exchange OKX encountered a major technical glitch that led to display errors in account balances. 
Binance joins Global Travel Rule Alliance to comply with FATF
News
Read more - Binance joins Global Travel Rule Alliance to comply with FATF

Binance joins Global Travel Rule Alliance to comply with FATF

Crypto exchange Binance has joined the Global Travel Rule alliance to combat financial crimes like money laundering and terrorist financing. In a blog announcement on Mar. 26, Binance disclosed its membership in the Global Travel Rule (GTR) Alliance, aimed at…
Binance seeks new buyer for Russian business following CommEX closure
News
Read more - Binance seeks new buyer for Russian business following CommEX closure

Binance seeks new buyer for Russian business following CommEX closure

Cryptocurrency exchange Binance is talking with several platforms about selling its Russian business and is looking for a new buyer to replace CommEX.
Binance to be blocked in the Philippines by regulatory watchdogs
News
Read more - Binance to be blocked in the Philippines by regulatory watchdogs

Binance to be blocked in the Philippines by regulatory watchdogs

The Philippines' SEC is taking steps to block local access to Binance, citing that the exchange operates without the necessary license.
Binance’s successor in Russia CommEx announces closure
News
Read more - Binance’s successor in Russia CommEx announces closure

Binance’s successor in Russia CommEx announces closure

Binance’s buyer in Russia, CommEx, has declared a phased shutdown of its services without providing a reason for the decision. CommEx, a crypto exchange, which took over Binance’s Russian business following the latter’s departure from the country, has announced plans…
Binance suspends support for USDC deposits and withdrawals via TRON
News
Read more - Binance suspends support for USDC deposits and withdrawals via TRON

Binance suspends support for USDC deposits and withdrawals via TRON

Crypto exchange Binance has announced it will cease support for USDC deposits and withdrawals via the TRC-20 standard. In a press release on Mar. 25, crypto exchange Binance revealed that it plans to discontinue support for USD Coin (USDC) stablecoin…
Detained Binance executive reportedly escapes from custody in Nigeria
News
Read more - Detained Binance executive reportedly escapes from custody in Nigeria

Detained Binance executive reportedly escapes from custody in Nigeria

Nadeem Anjarwalla, a detained Binance executive in Nigeria, reportedly escaped custody after being taken for prayer. On Mar. 22, Nadeem Anjarwalla, a British-Kenyan who is Binance‘s regional manager for Africa, reportedly fled Nigeria after being detained upon arrival in the…
AirDAO suffers exploit, hackers transfer stolen funds to MEXC, KuCoin, ChangeNOW
News
Read more - AirDAO suffers exploit, hackers transfer stolen funds to MEXC, KuCoin, ChangeNOW

AirDAO suffers exploit, hackers transfer stolen funds to MEXC, KuCoin, ChangeNOW

A community-governed layer one blockchain AirDAO has reportedly suffered a hacker attack, resulting in a loss of 126.5 ETH and 41.61 million AMB tokens. The AirDAO team disclosed in an X post on Mar. 21 that the project had fallen…
Uzbekistan’s NAPP says new fee hike set to ‘double’ state revenue from crypto sector
News
Read more - Uzbekistan’s NAPP says new fee hike set to ‘double’ state revenue from crypto sector

Uzbekistan’s NAPP says new fee hike set to ‘double’ state revenue from crypto sector

On March 19, the National Agency for Prospective Projects (NAPP) released a new mandate that increases the monthly fees for crypto market participants in Uzbekistan. According to the official press release, the updated fee structure is a revision to a…
Binance Labs-backed MobileCoin faces delisting from Binance
News
Read more - Binance Labs-backed MobileCoin faces delisting from Binance

Binance Labs-backed MobileCoin faces delisting from Binance

MobileCoin, having raised $29.7 million in a funding round led by Binance Labs in 2018, is now undergoing delisting from the trading platform. In a press release on Mar. 20, Binance announced that MobileCoin (MOB), a privacy-focused token, along with…
Post-Binance life: Changpeng Zhao is turning to education with a new project
Features
Read more - Post-Binance life: Changpeng Zhao is turning to education with a new project

Post-Binance life: Changpeng Zhao is turning to education with a new project

Amid legal hurdles, CZ unveiled Giggle Academy, a free educational project for grades 1 through 12. On Mar. 19, Changpeng Zhao, known in the crypto community as “CZ,” announced a new project called “Giggle Academy” on Twitter. Within hours of…
Binance’s user asset holdings exceed $100b
News
Read more - Binance’s user asset holdings exceed $100b

Binance’s user asset holdings exceed $100b

Cryptocurrency exchange Binance reported the total value of user assets crossed the $100 billion mark in the first week of March.
Binance ordered to surrender Nigerian user data
News
Read more - Binance ordered to surrender Nigerian user data

Binance ordered to surrender Nigerian user data

An ex-parte motion in Nigeria’s crackdown on Binance looks set to expose internal platform information to regulatory scrutiny. 
Binance launches investigation into BOME insider trading allegations
News
Read more - Binance launches investigation into BOME insider trading allegations

Binance launches investigation into BOME insider trading allegations

Crypto exchange Binance recently announced the initiation of a detailed investigation into the claims concerning Book of Meme (BOME), a Solana-based meme coin.  This move came in response to allegations and community discussions about possible insider trading linked to the…
Binance CEO sees Bitcoin soaring above $80k as demand continues to come
News
Read more - Binance CEO sees Bitcoin soaring above $80k as demand continues to come

Binance CEO sees Bitcoin soaring above $80k as demand continues to come

Binance CEO Richard Teng predicts Bitcoin’s value will surpass the $80,000 mark amid increasing investments in crypto-backed exchange-traded funds. Binance CEO Richard Teng foresees Bitcoin’s price surpassing the $80,000 mark amid a surge in investments in crypto-backed exchange-traded funds (ETFs),…