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Tag: binance

Retail Asia16/12/2022
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Finance

Binance CEO Issues Staff Warning

2min0
Despite continued assurances publicly, Binance chief executive Changpeng Zhao admitted in an internal memo that the firm will face headwinds in the coming months, including heightened scrutiny. Binance is the latest crypto giant to be placed in the spotlight following significant withdrawals and a reportedly delayed conclusion to a US investigation. In response, the firm […]
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Retail Asia28/11/2022
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Finance

Binance Launches Billion-Dollar Crypto Rescue Initiative

3min0
Binance invites participants to support the crypto industry via a rescue initiative, to which it will initially commit $1 billion. Binance has established the Industry Recovery Initiative (IRI), which includes its own initial commitment of $1 billion, according to a blog post by the crypto giant. The IRI is not an investment fund, Binance said, adding that […]
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Retail Asia09/10/2022
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Finance

Binance Coins Suffers $100 Million Hack

1min0
Binance has been hit with a hack that resulted in the theft of around $100 million of tokens issued by the crypto giant. $100 to $110 million of Binance Coin has been stolen, according to a spokesperson for Binance-backed BNB Chain. This is likely due to a hack involving the bridge, BSC Token Hub, which […]
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Retail Asia27/06/2022
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Finance

Vietnamese buy Bitcoin in hope it has bottomed

6min1
Many investors are buying Bitcoin after the cryptocurrency’s price fell to US$20,000, its lowest level since December 2020. Thanh Binh of HCMC says he turned off notifications on his crypto trading app after buying it at $38,000 and losing over VND40 million ($1,720). But he has returned and bought a 10th of a token after […]
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Retail Asia13/12/2021
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Finance

Binance Makes Singapore Retreat

2min0
Binance has withdrawn an application for a Singapore crypto permit via a local unit, marking an end to its pursuit to be a licensed bourse in the city-state. Binance Singapore has withdrawn the application and will shut down its operations in the city-state by February 13, according to a statement from the cryptocurrency giant. Our […]
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Retail Asia08/12/2021
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Finance

Binance Asia Invests in Private Securities Exchange

1min0
Binance Asia Services, which operates Binance’s Singapore entity, has taken an 18-percent stake in Hg Exchange (HGX), a Singapore-based private securities exchange. Binance Singapore will work with HGX in enhancing offerings of products and services supported by blockchain technology, following its strategic investment in the platform, according to an announcement on Wednesday. HGX, founded by PhillipCapital, PrimePartners […]
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Retail Asia01/12/2021
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Finance

Binance Resumes Dogecoin Withdrawals

2min0
Binance has fully reopened withdrawals for cryptocurrency Dogecoin after a technical glitch that led to a heated exchange between founder Changpeng Zhao and Tesla’s Elon Musk. According to a blog post by the crypto giant, the glitch which prevented Dogecoin withdrawals for more than two weeks was an unlikely and unfortunate coincidence. No single entity was […]
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Retail Asia29/09/2021
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Finance

Binance Halts Crypto Trading for Singapore Users

2min0
Binance announced a new round of curbs for its Singapore business, restricting crypto trading for users in the city-state. Users in Singapore will no longer be able to deposit fiat money, trade or purchase crypto via Binance.com from October 26, according to a statement. Advisers were also told to cease all related trades, withdraw fiat assets and […]
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Retail Asia06/09/2021
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Finance

Binance Halts Singapore Products

2min0
Cryptocurrency exchange Binance has responded to a warning by Singapore’s regulator by removing some of its offerings in the city-state. Binance will cease Singapore dollar trading pairs and payment options, according to a blog post over the weekend, alongside the removal of its app from Singapore’s online stores. The halt will begin as of Friday […]
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Retail Asia03/09/2021
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Finance

MAS Orders Binance Halt

2min0
The Monetary Authority of Singapore has ordered crypto giant Binance to halt its services in the city-state over a potential breach of local payment rules. Binance must stop offering services in Singapore, according to a report citing a MAS statement, over a potential breach of the Payment Services Act. According to the regulator, Binance provided […]
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Retail Asia09/08/2021
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Finance

Binance Shuts Futures Accounts in Hong Kong

1min0
The world’s largest crypto exchange Binance said it would no longer allow new users to open futures accounts in Hong Kong, following warnings issued by the city’s regulators. Existing users will have a 90-day period to close their positions, Binance said, and no new positions thereafter can be opened. As the market leader, Binance constantly […]
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Retail Asia14/06/2021
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Finance

Crypto Exchange Searches Blocked in China

1min0
Chinese users were reportedly unable to find results for popular cryptocurrency exchanges on major search engines in the country. Keyword searches for trading platforms such as Binance, OKEx and Huobi yielded no results, according to various media outlets. The searches were conducted on major search engines like Baidu, Sogou, Zhihu, and Weibo. This marks yet […]
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Retail Asia18/02/2020
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Finance

Binance Unveils Singapore Crypto License Ambitions

2min0
Cryptocurrency exchange giant, Binance, has applied for an operating license in Singapore which continues to lure new players following the recent progressive developments in its regulatory regime. Founded in 2017, Binance experienced extremely rapid growth before achieving an estimated market cap of $1.3 billion by early January 2018. The Malta-headquartered exchange now has offices located […]
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