Bitcoin
Bitcoin (BTC)
$67,236.00 0.66282
Bitcoin price
Ethereum
Ethereum (ETH)
$3,490.59 1.21519
Ethereum price
BNB
BNB (BNB)
$587.58 -0.58674
BNB price
Solana
Solana (SOL)
$177.62 -0.69401
Solana price
XRP
XRP (XRP)
$0.6023020 -1.65416
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000174 -0.90554
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 0.75832
Pepe price
Bonk
Bonk (BONK)
$0.0000289 -4.67013
Bonk price
Bitcoin
Bitcoin (BTC)
$67,236.00 0.66282
Bitcoin price
Ethereum
Ethereum (ETH)
$3,490.59 1.21519
Ethereum price
BNB
BNB (BNB)
$587.58 -0.58674
BNB price
Solana
Solana (SOL)
$177.62 -0.69401
Solana price
XRP
XRP (XRP)
$0.6023020 -1.65416
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000174 -0.90554
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 0.75832
Pepe price
Bonk
Bonk (BONK)
$0.0000289 -4.67013
Bonk price
Bitcoin
Bitcoin (BTC)
$67,236.00 0.66282
Bitcoin price
Ethereum
Ethereum (ETH)
$3,490.59 1.21519
Ethereum price
BNB
BNB (BNB)
$587.58 -0.58674
BNB price
Solana
Solana (SOL)
$177.62 -0.69401
Solana price
XRP
XRP (XRP)
$0.6023020 -1.65416
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000174 -0.90554
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 0.75832
Pepe price
Bonk
Bonk (BONK)
$0.0000289 -4.67013
Bonk price
Bitcoin
Bitcoin (BTC)
$67,236.00 0.66282
Bitcoin price
Ethereum
Ethereum (ETH)
$3,490.59 1.21519
Ethereum price
BNB
BNB (BNB)
$587.58 -0.58674
BNB price
Solana
Solana (SOL)
$177.62 -0.69401
Solana price
XRP
XRP (XRP)
$0.6023020 -1.65416
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000174 -0.90554
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 0.75832
Pepe price
Bonk
Bonk (BONK)
$0.0000289 -4.67013
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

Binance gains US court approval to invest customer funds in US treasury bills
News
Read more - Binance gains US court approval to invest customer funds in US treasury bills

Binance gains US court approval to invest customer funds in US treasury bills

Binance just got judicial approval to invest customer fiat funds in US Treasury Bills. The approval was signed and issued by Judge Amy Berman Jackson, who is overseeing the SEC v. Binance case. The ruling permits Binance to only “invest…
Binance analysts says ‘worst likely behind’ as Bitcoin trades near $65k
News
Read more - Binance analysts says ‘worst likely behind’ as Bitcoin trades near $65k

Binance analysts says ‘worst likely behind’ as Bitcoin trades near $65k

Analysts at Binance Research say they remain “optimistic” about the market’s outlook, expecting upcoming catalysts to position the market “positively for the rest of the year.” The crypto industry may have already seen the worst of this year, according to…
Bitcoin BTC Ethereum ETH
Nigerian court orders arrest of prison doctor as Binance exec is wheelchair-bound
News
Read more - Nigerian court orders arrest of prison doctor as Binance exec is wheelchair-bound

Nigerian court orders arrest of prison doctor as Binance exec is wheelchair-bound

A Nigerian court has issued a bench warrant for the arrest of Dr. Abraham Ehizojie, a doctor at the Kuje Correctional Centre, currently holding Binance executive Tigran Gambaryan. Reports from local media state that Justice Emeka Nwite of the Federal…
Trump meme coins spike, SEC drops BUSD probe, Germany empties BTC stash, ETFs recover | Weekly Recap
News
Read more - Trump meme coins spike, SEC drops BUSD probe, Germany empties BTC stash, ETFs recover | Weekly Recap

Trump meme coins spike, SEC drops BUSD probe, Germany empties BTC stash, ETFs recover | Weekly Recap

Trump meme coins enjoy double-digit growth, SEC closes probe into Paxos for BUSD issuance, Germany empties its Bitcoin holdings, spot BTC ETFs record massive inflows.
MAGA TRUMP
Binance discusses selling Gopax stake to Korean cloud provider Megazone: report
News
Read more - Binance discusses selling Gopax stake to Korean cloud provider Megazone: report

Binance discusses selling Gopax stake to Korean cloud provider Megazone: report

Binance is reportedly nearing a deal to sell its majority stake in crypto exchange Gopax to Korean cloud provider Megazone. Cryptocurrency exchange Binance is in advanced talks to sell its controlling stake in Gopax, one of South Korea’s crypto exchanges,…
BNB BNB
Mt. Gox and the German government sunk the crypto market
Feature
Read more - Mt. Gox and the German government sunk the crypto market

Mt. Gox and the German government sunk the crypto market

Binance Research revealed a report on the cryptocurrency market for June 2024. According to the latest research, market capitalization declined by 11.4% over the month. However, this trend is typical for June — over the past five years, the crypto…
Nigerian finance minister asks SEC to address crypto regulations
News
Read more - Nigerian finance minister asks SEC to address crypto regulations

Nigerian finance minister asks SEC to address crypto regulations

Nigeria’s Finance Minister, Wale Edun, has called for the creation of cryptocurrency regulations as the nation has been introduced to the newly inaugurated Securities and Exchange Commission (SEC) board. Local media quoted Edun urging the SEC to address the complexities…
Binance celebrates 7th birthday: ‘celebration of our community’s incredible support’
News
Read more - Binance celebrates 7th birthday: ‘celebration of our community’s incredible support’

Binance celebrates 7th birthday: ‘celebration of our community’s incredible support’

Binance, the world’s largest crypto exchange by trading volume, is celebrating its seventh anniversary on Friday. The crypto behemoth, which launched in 2017 and has been at the forefront of crypto adoption since, has outlined a global campaign to mark…
BNB BNB
Why Binance gets ready to continue fight with SEC?
Follow-up
Read more - Why Binance gets ready to continue fight with SEC?

Why Binance gets ready to continue fight with SEC?

The American division of the Binance cryptocurrency exchange, Binance.US, is preparing for a new fight with American regulators. Binance.US released a statement declaring its readiness to continue to fight the U.S. Securities and Exchange Commission (SEC). The platform team recalled…
BNB BNB
Binance’s mixed bag: Court dismisses some charges, not all
News
Read more - Binance’s mixed bag: Court dismisses some charges, not all

Binance’s mixed bag: Court dismisses some charges, not all

Come charges against Binance are sticking. Others aren't. Here are the latest developments on the company's ongoing legal troubles.
BNB BNB
Nigerian blockchain advocacy group warns of repercussions from Binance dispute
News
Read more - Nigerian blockchain advocacy group warns of repercussions from Binance dispute

Nigerian blockchain advocacy group warns of repercussions from Binance dispute

Binance’s current legal turmoil with the Nigerian government has drawn the attention of the nation’s blockchain advocacy group, which has called for a balanced resolution. The Blockchain Industry Coordinating Committee of Nigeria (BICCoN) represents the nation’s blockchain sector. The group…
BNB BNB
Dormant Bitcoin miner sends $3m to Binance after 14 years of inactivity
News
Read more - Dormant Bitcoin miner sends $3m to Binance after 14 years of inactivity

Dormant Bitcoin miner sends $3m to Binance after 14 years of inactivity

A rare “Satoshi era” Bitcoin miner address woke up after being dormant for 14 years, sending over $3 million worth of BTC to Binance. An early Bitcoin miner moved 50 BTC, equivalent to $3.05 million, marking a rare transaction from…
Bitcoin BTC
Binance’s Dubai unit wins VASP license
News
Read more - Binance’s Dubai unit wins VASP license

Binance’s Dubai unit wins VASP license

Dubai’s crypto regulator has granted a virtual asset provider license to Binance’s Dubai-based branch Binance FZE. Cryptocurrency exchange Binance said on Wednesday that its Dubai branch, Binance FZE, has secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual…
BNB BNB
Crypto supporter Rep. French Hill calls Binance’s Tigran ‘pawn in Nigerian political fight’
News
Read more - Crypto supporter Rep. French Hill calls Binance’s Tigran ‘pawn in Nigerian political fight’

Crypto supporter Rep. French Hill calls Binance’s Tigran ‘pawn in Nigerian political fight’

U.S. lawmakers are urgently advocating for the release of Binance’s executive Tigran Gambaryan, saying he’s just caught in a Nigerian political dispute. Arkansas Republican Rep. French Hill keeps urging the Biden administration to secure the release of Tigran Gambaryan, a…
BNB BNB
Report: Coinbase loses second place in global top ranking
News
Read more - Report: Coinbase loses second place in global top ranking

Report: Coinbase loses second place in global top ranking

American crypto exchange Coinbase appears to be losing traction in global trading volume amid fierce competition sparked by the launch of spot Bitcoin ETFs in the U.S. Crypto exchange Coinbase is no longer the second largest brand in terms of…
Bitcoin BTC Ethereum ETH
Premarket explained: How to buy coins before the official listing
Feature
Read more - Premarket explained: How to buy coins before the official listing

Premarket explained: How to buy coins before the official listing

In the world of cryptocurrencies, premarket trading is a service that refers to the over-the-counter trading system and is designed for trading new tokens before their official listing. With premarket trading capabilities, buyers and sellers can quote and transact at…