Tag "Binance"

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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,

Read More

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

Read More

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

Read More

Binance to Share Expertise on Digital Assets With Cambodian Regulator

Global cryptocurrency exchange Binance announced the signing of a Memorandum of Understanding (MoU) with the Securities and Exchange Regulator of Cambodia (SERC). Binance and SERC will collaborate to develop the securities sector in Cambodia where the former will share its technical

Read More