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The SEC goes after Binance and Coinbase
The U.S. Securities and Exchange Commission (SEC) tore off crypto’s bandage this week, with its back-to-back enforcement actions against two of the most prominent digital assets platforms, Binance and Coinbase (COIN), finally establishing its legal argument against the industry and setting up the future court fights that could decide everything. Apart from the “extensive web…
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Binance shifts focus from the US to the UK
Binance Chief Strategy Officer Patrick Hillmann said that the regulatory environment, or lack thereof, in the US has made it “very difficult” to do business. Hillmann said that the US “has been very confusing over the past six months” and referred to the ongoing legal battle between Coinbase and the SEC. In comments made at the Financial Times’…
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Binance is expanding to Georgia
Cryptocurrency exchange Binance continues expanding its global reach by setting up a new blockchain hub in crypto-friendly Georgia. On March 26, Binance announced the opening of its brand-new blockchain hub in Georgia, aiming to promote further adoption of crypto in the country. Referring to the hub as a “Web3 outpost,” Binance intends to attract talent to the…
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Binance’s MENA clients rise 34% in Q4 2022
Binance’s institutional business, which includes financial institutions, family offices, and high net worth individuals, saw a 34% growth in the MENA region in Q4, 2022, the highest growth for a region for the world’s largest cryptocurrency exchange. Binance’s VIP and institutional business experienced tremendous growth throughout 2022. The number of active institutional clients on Binance…
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Crypto.com and Binance reassure customers that their investments are safe following FTX collapse
FTX seemed to be everywhere. From stadiums to ads to even as a sponsor of the MLB and Formula 1. It was a household name that many trusted and saw as a safe, user-friendly platform to trade and sell crypto. With the price of cryptocurrencies falling in 2022, the so-called “Crypto Winter” is in full…
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Binance secures licensing in UAE
Crypto exchange Binance has secured a license from Dubai’s Virtual Asset Regulatory Authority to offer a range of crypto-related services in the city, according to a Tuesday announcement. With the new Minimal Viable Product license, the world’s largest crypto exchange by volume can open a domestic bank account to hold clients’ funds locally, operate a crypto…
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Why NFTs Are The Keys To Accessing The Metaverse
With use cases for NFTs fast expanding, these digital assets are heralding a new era of the digital world – the Metaverse. The arrival of metaverses on the global stage is best showcased by Facebook’s launch of Meta, signalling the shift towards a metaverse era, where NFT-based augmented experiences are set to act as pillars…
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