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The world’s top cryptocurrency exchange, Binance, is coming back to Belgium following recent regulatory trouble. Binance announced today, Sept. 25, that the company resumed offering its services in Belgium. The announcement follows the Belgium Financial Services and Markets Authority’s order to halt the exchange’s services in late June. We are delighted to announce that, as of today, new registrations of Belgian residents are welcome on our platform once again. In addition, various Binance products and services are accessible again to Belgian users who have accepted our new Terms of Use. Binance Belgium You might also like: Binance announces the removal of 57 spot trading bots Belgian regulators took action against Binance after finding that its services were offered by the entity from outside the European economic area. The authorities stated that individuals and companies operating in Belgium that do not belong to the European economic area are prohibi...

Binance VP Eastern Europe Gleb Kostarev and CIS director Vladimir Smerkis have announced they have quit the company. Cryptocurrency exchange Binance is losing two key executives related to the Russian market amid major regulatory challenges related to sanctions. Gleb Kostarev, head of Eastern Europe and Russia at Binance, took to Facebook on Sept. 6 to announce his departure from Binance. In his Russian-language announcement, Kostarev said that today marks the last day of his long-running work at Binance. He added that he’s stepping down as vice president responsible for Eastern Europe, the Commonwealth of Independent States (CIS), Turkey, Australia and New Zealand. He also stepped down from serving the role in the Asia-Pacific region “a few months ago,” the exec added. Kostarev expressed gratitude to Binance CEO Changpeng “CZ” Zhao and co-founder He Yi for all the opportunities that they provided. “Thanks to all the local initiative teams for their hardcore work and amazing campaig...

Russian ruble use on Binance P2P has been restricted to Russian citizens who live in the country. Crypto currency exchange Binance continues introducing more restrictions for Russian customers on its peer-to-peer (P2P) trading platform. Binance P2P has banned Russian residents from using fiat currencies other than the Russian ruble, Binance announced on its Telegram channel on Aug. 27. Binance’s Russian clients residing outside the country have also been banned from using currencies like the ruble, the euro, the United States dollar and the Ukrainian hryvnia. In order to use the Russian ruble on Binance P2P, users must have Russian Know Your Customer (KYC) verification and reside in Russia at the same time, the exchange stated. “We apologize for the inconvenience. If you have any questions or need assistance regarding this update, please contact Binance Customer Support,” Binance stated. The announcement has brought some attention from Binance’s Russian users, with the Telegram pos...

This week’s Crypto Biz looks at Binance’s ongoing efforts to curb declining profits, Ripple’s expectation that U.S. banks may soon adopt XRP and the first signs of venture capital returning to crypto. The crackdown on crypto firms by the United States Securities and Exchange Commission (SEC) appears to have severely affected Binance’s business. During the past few weeks, the crypto exchange reportedly fired over 1,000 employees and slashed some benefits.  According to Binance, the “current market environment and regulatory climate” have caused a decline in profits, suggesting more cuts may be in the works. A spokesperson told Cointelegraph the firm would consider scaling back on “certain products, business units, staff benefits and policies” in response to business and regulatory concerns. Binance has yet to face the courts and the 13 charges brought against it by the SEC, as well as the outcome of an investigation by the U.S. Justice Department targeting its activities and executives...

Sui was accused of dumping locked and non-circulating staked SUI tokens on Binance. Sui Foundation — the team behind the Sui network and its native SUI token — has denied allegations that the firm un locked SUI staking rewards and “dumped” them on cryptocurrency exchange Binance . The Foundation knocked back the claim in a five-part Twitter thread on June 27, stating that none of the locked or non-circulating tokens, including SUI staking rewards had been sold: "Sui Foundation has not sold staking rewards or any other tokens from locked and non-circulating staked SUI on Binance or otherwise." "All insider token allocations remain subject to and compliant with their lock ups and other restrictions on transfer,” the foundation added. The purpose of this communication is to share information regarding the tokenomics of the Sui Network including the SUI token supply and certain distributions of SUI tokens. Here’s what you need to know: — Sui Foundation (@SuiFoundation...

Instability Surrounding TrueUSD TUSD today reasoned for the sudden spike in numbers stating that TrueUSD (TUSD) utilizes multiple USD rails to facilitate the minting and redemption processes of its stablecoin. advertisement TrueUSD ( TUSD ) maintains multiple USD rails for both minting and redemption. This means that alternative TUSD minting and redemption processes are live and available on these USD rails. However, failing to gain trust, it faced critical backlashes. Still offering that $1k bounty for anyone who can intro me to a desk who can do this right now at scale. So far despite their claims, no one seems to be able to. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must R...

South Korean prosecutors have contacted Binance to request a halt on withdrawals linked to Do Kwon. South Korean prosecutors have identified 414.5 billion won ($314.2 million) in illicit assets associated with Terraform Labs co-founder Do Kwon and his associates. Out of the identified illegal assets, prosecutors have linked about 91.4 billion won ($69 million) of the specified amount directly to Kwon. Although Kwon amassed millions, none of the assets tied to him are recoverable or under the jurisdiction of the South Korean authorities. This is mainly because the now-arrested former CEO reportedly converted most of the illicit funds into Bitcoin (BTC) using overseas crypto exchanges instead of investing in physical assets, per a report published by local media outlet KBS. Early investigation into the Terra collapse by the United States Securities and Exchange Commission revealed that Kwon siphoned nearly $100 million worth of Bitcoin from Terra post-collapse. In another report based ...

Average daily addresses on the Binance blockchain network grew by 30% year-on-year in Q4. The Binance-native blockchain BNB Chain has continued to show steady activity growth in the fourth quarter of 2022 despite the broader crypto bear market according to recent research. In a “State of BNB Chain Q4 2022” report published on Feb. 5, Messari researcher James Trautman revealed that the Binance network had continued with an “aggressive strategy to deploy financial and human capital across its ecosystem.” Due to these ongoing updates and developments, average daily active addresses and transactions “bucked a downward trend and grew by 30% and 0.2%, respectively,” the researcher noted. BNB Chain daily active addresses - Messari Bear market s are usually quiet periods in terms of on- chain activity , however, teams use this time to continue building and developing their products. “2022 was a tumultuous year for the crypto industry [...] Despite the market volatility, BNB Chain lived up ...

Robinhood ’s Twitter account was compromised earlier when hackers took over the account to promote a Scam token. The hacker tried to incentivize the 1.1 million followers of the Robinhood app to invest an in unverified token project with the community. The now-deleted tweet was promoting the launch of a new scam token called RBH. The hackers sent out the time for the users to buy the token and also mentioned the start price as $0.0005. Robinhood presumably hacked pic.twitter.com/UgRD3UCbo9 — db (@tier10k) January 25, 2023 Binance’s CZ speaks about the hack Since the news of the Robinhood Twitter account hack surfaced, it has come to CZ’s attention. On-chain sleuth ZachXBT also tweeted that the scam was funded via Binance. The hacker, in a short period of time, managed to make $7,500 before the tweet was taken down. Looks like Robinhood account got hacked and was promoting a coin on BNB Chain. Always have critical thinking even is the a...

Previously, FTX US was the largest bidder for the firm's assets, with an offer of $1.4 billion. According to a new press release published on Dec. 19, cryptocurrency exchange Binance.US will acquire assets of bankrupt crypto lender Voyager Digital for $1.022 billion. After a review of strategic options, the firm said that Binance.US represented the "highest and best bid for its assets ." The $1.022 billion bid is comprised of the fair market value of Voyager's cryptocurrency portfolio at a to-be-determined date in the future, along with an additional consideration equal to $20 million of incremental value. "The Company's claims against Three Arrows Capital remain with the bankruptcy estate, and any future recovery on these and other non-released claims will be distributed to the estate's creditors. The Binance.US bid aims to return crypto to customers in kind, in accordance with court-approved disbursements and platform capabilities." The deal i...

The total crypto market cap is at risk of falling below $825 billion, but data shows traders actively adding to their longs and shorts. The total cryptocurrency market capitalization dropped 8.1% in the past two days after failing to break the $880 billion resistance on Dec. 14.  The rejection did not invalidate the 4-week-long ascending channel, but a weekly close below $825 billion will confirm a shift to the lower band and reduce the support level to $790 billion. Total crypto market cap in USD, 12-hour. Source: TradingView The overall investor sentiment toward the market remains bearish, and year-to-date losses amount to 66%. Despite this, Bitcoin (BTC) price dropped a mere 2% on the week, down to the $16,800 level at 17:00 UTC on Dec. 16. A far different scenario emerged for altcoins which are being pressured by pending regulation and fears that major exchanges and miners could be insolvent . This explains why the total market capitalization had dropped by 4.7% since Dec. 9. Ac...