Tag "Binance"
Binance Buys Majority Stake in Indonesia’s Tokocrypto, Lays off 58% Of Workforce
Global cryptocurrency exchange Binance announced that it has become the majority shareholder in Indonesia’s crypto assets digital exchange Tokocrypto. Details of the transaction was not disclosed. Tokocrypto is the first crypto exchange in Indonesia to be registered under the Trade
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MAS Explains Why Binance Was Pinned on Investor Alert List but Not FTX
The Monetary Authority of Singapore (MAS) did not place the now-collapsed crypto exchange FTX on its Investor Alert List as it had no evidence that the latter was soliciting Singapore users specifically. In a statement addressing some questions and misconceptions
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The FTX Collapse: Sam Bankman-Fried’s Dramatic Fall From Grace
In a dramatic turn of events, FTX filed for bankruptcy protection in the United States, with CEO and founder Sam Bankman-Fried resigning from his role. This was after Binance pulled the plug on its acquisition of FTX in a remarkable
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Binance CEO Warns of “Cascading Effects” of FTX at Indonesia’s Fintech Summit
The fall of FTX last week will have “cascading effects” on the broader cryptocurrency industry with more companies possibly going belly up in the coming weeks, Changpeng Zhao (CZ), CEO and co-founder of Binance, warned during a recent industry event
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Binance to Set Up Industry Recovery Fund Following FTX’s Collapse, Says CZ
Cryptocurrency exchange giant Binance’s Chief Executive Officer Changpeng ‘CZ’ Zhao announced plans for an industry recovery fund amidst FTX’s staggering collapse in recent weeks. CZ also called upon other like-minded industry players with resources to co-invest in the fund to
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Pundi X Launches Point-of-Sale Machine Supporting Crypto Payments
Blockchain payments company Pundi X has launched XPOS Web 3.0, a point-of-sale machine which supports crypto payments made using third-party blockchain wallets. XPOS Web 3.0 builds on XPOS, the company’s flagship point-of-sale machine enabling brick-and-mortar retailers to accept crypto payments
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Coinbase and Google Cloud Partner to Boost Web3 Offerings, Enable Crypto Payments
Coinbase and Google Cloud have entered a partnership that will see the companies leveraging each other’s core strengths to serve the growing Web3 ecosystem. Coinbase will build their exchange and data platforms on Google Cloud, while Google Cloud will utilise
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BNB Chain and Google Cloud Partner to Support Web3 and Blockchain Startups
BNB Chain and Google Cloud have formed a partnership to provide early stage Web3 and blockchain projects with foundational infrastructure, cloud computing credits, mentorship, and enhanced technical support. BNB Chain, a combination of BNB Beacon Chain and BNB Smart Chain,
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Binance Co-founder Yi He Tapped to Lead US$7.5 Billion VC Arm
Global cryptocurrency exchange Binance announced that its Co-founder Yi He will be the new Head of Binance Labs, its venture capital (VC) arm and incubator. Yi will lead global strategy and the day-to-day operations at Binance Labs. Part of her
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Crypto Exchange Binance Pursues Aggressive Expansion Plan in Southeast Asia
Binance has embarked on an aggressive expansion plan in Southeast Asia where the cryptocurrency exchange is looking to capitalize on booming trading activity to establish leadership in the region, and build influence in local markets. These ambitions were materialized by
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