Binance Articles - Articles by Andrew

Binance Articles

Top 10 projects on Binance Launchpad

Binance Launchpad is a specialized platform devised by Binance which functions as an incubator for new blockchain endeavors. It offers initial coin offerings (ICOs) and initial exchange offerings (IEOs), allowing innovators to present their projects and entice potential backers.

What are BEP-20 tokens?

A crucial part of the Binance Smart Chain (BSC) ecosystem, the BEP-20 token standard outlines rules governing issuing and managing tokens on Binance. BEP-20 tokens are fungible, which refers to an asset’s exchange value where every BEP-20 token is identical and interchangeable. BEP-20 tokens are also divisible, which allows them to be broken down into smaller increments of value.

Binance Becomes the First Regulated Crypto Exchange in El Salvador

Binance has achieved a notable feat by becoming the first fully licensed cryptocurrency exchange in El Salvador. The company secured two pivotal licenses: the Bitcoin Services Provider license (BSP) granted by the Central Reserve Bank and a Digital Assets Services Provider license (DASP) from the National Commission of Digital Assets.

Binance Receives Digital Asset License in Dubai

Binance has obtained an Operational Minimum Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA), marking it as the first exchange to do so. This license allows Binance to provide regulated virtual asset services to qualified institutional and retail investors in Dubai, offering crypto-to-fiat exchanges compliant with the Financial Action Task Force’s (FATF) guidelines.

Binance Assists Law Enforcement Agencies at the International Symposium on Cyber Policing 2023

The Hong Kong Poice Force invited Binance to contribute its expertise at the International Symposium on Cyber Policing 2023. Binance took the stage to discuss emerging cybercrime trends and emphasize the collaborative endeavors between Binance and international law enforcement agencies.

Binance Partners with Taiwan’s New Taipei District Prosecutors Office

Binance has partnered with Taiwan’s New Taipei District Prosecutors Office to fight cyber financial crimes. This partnership featured a workshop attended by over 70 prosecutors as part of Binance’s comprehensive Global Law Enforcement Training Program. The workshop was designed to give insight into probing criminal activity involved with virtual assets.

Binance Urges Courts to Dismiss CFTC Charges

In its ongoing legal spar with the Commodity Futures Trading Commission (CFTC), Binance executives CZ and chief compliance officer Samuel Lim, on July 24, filed a motion to dismiss the charges brought against them.

Binance Labs Invests $10 Million in Radiant Capital’s Cross-Chain DeFi Protocol

Binance Labs, the venture capital arm of Binance, has invested $10 million in Radiant Capital, a cross-chain lending and borrowing protocol that aims to bridge fragmented liquidity across decentralized finance ecosystems.

Binance Boosts Spot API Request Limit to Enhance Scalability

Binance has announced its plan to roll out a series of optimizations to boost the efficiency of its Spot API—a programming interface that allows users to interact programmatically with a cryptocurrency exchange’s spot trading platform.

Binance Launches Regulated Digital Asset Platform in Kazakhstan

Binance has launched a fully regulated digital asset platform in Kazakhstan. With the backing of Astana Financial Services Authority (AFSA), Binance has obtained a permanent license, solidifying its position as a secure and compliant platform within the country.

Binance to Integrate the Lightening Network

Binance has unveiled plans to integrate the Lightning Network for seamless Bitcoin deposits and withdrawals. Notably, Binance has already established Lightning Network nodes as a stepping stone toward this integration.

Binance Experiences Largest Outflow of Customer Funds Since January

In the last 24hrs, Binance has experienced a net outflow of $3.56 billion, the largest withdrawal amount the CEX has undergone since January. This intense outflow can be attributed to the settlement that Binance.US reached with the SEC late on Friday, June 17, 2023.

Binance Backtracks and Maintains Support for Privacy Coins in Europe

Binance has made a significant change in its plans regarding delisting privacy coins in select EU nations. The decision comes after a thorough reassessment to ensure compliance with EU regulatory standards.

Mitsubishi Trust and Banking and Binance Japan Partner for New Stablecoin Development

Mitsubishi UFJ Trust and Banking (MUTB) and Binance Japan have partnered to develop a new fiat-backed stablecoin pegged to assets like the Japanese Yen.

Binance Card Services Shut Down in the Middle East and Latin America

Binance has revealed its decision to discontinue the availability of the Binance Card for users in Latin America and the Middle East. Like conventional debit cards, the Binance Card enables users to cover their everyday expenses using their crypto holdings.

Binance Releases New P2P Risk Alerts Feature to Enhance User Security – BlockNews.com

Binance has released P2P Risk Alerts to bolster user security. The primary goal of Binance P2P Risk Alerts is to provide users with specific information tailored to their trading behaviors. This ensures that users receive relevant alerts instead of generic notifications.

Binance Announces New Token Delistings

Central to Binance’s commitment to upholding integrity within the digital asset space is a review protocol that subjects each token listed on the exchange to periodic evaluation. If an asset falls short of evaluation standards, a further assessment of the token is completed, which could lead to potential delisting.

Binance Academy Partners with Coursera to Expand Blockchain Education

Binance Academy has announced a strategic partnership with Coursera, a prominent online learning platform with a massive user base of over 124 million learners worldwide. The collaboration aims to provide comprehensive educational programs on blockchain technology, Web3, and cryptocurrencies.

Binance Halts Support for Multichain-Linked Tokens

Binance has recently announced a temporary suspension of support for several Multichain-linked tokens. This decision comes from the ongoing situation surrounding the Multichain (MULTI) protocol. While most cross-chain routes within the Multichain protocol operate smoothly, certain routes are currently unavailable.

Binance Exits from the Netherlands

Following its decision to leave Canada and, more recently, its decision to leave Cyprus, as evidenced by its status to deregister its application with the Cyrus Securities and Exchange Commission, CEX Binance has now announced that it will be exiting the Netherlands. Despite extensive efforts to obtain a virtual asset service provider (VASP) license by registering with the Dutch exchange regulator DeNederlandsheBank (DNB), Binance’s application was unsuccessful.

Binance Implements Tether Swap to Boost Crosschain Stablecoin Liquidity

Binance has unveiled a significant development; starting today after 12 pm UTC, Binance will execute a swap involving 750 million USDT-TRX (Tether-Tron) for USDT-ETH (Tether-Ethereum) in direct collaboration with the Tether team. This strategic initiative aims to enhance the availability of stablecoins on diverse networks, fostering seamless transactions and an improved user experience.

France Paves the Way for Crypto Payments in Europe with Binance Pay and Lyzi Collaboration

France is positioning itself as a prominent center for crypto adoption in Europe as Binance Pay and Lyzi join forces to facilitate crypto payments for everyday purchases. The strategic partnership brings together a network of over 440 merchants in France and 330 merchants across Europe, encompassing businesses like bakeries, pharmacies, beauty centers, car dealerships, and fast-food restaurants, to adopt crypto for remittance.

Binance Enhances Leadership, Expands Marketing Efforts, and Achieves ISO Certifications

This comprehensive article covers the appointment of Richard Teng as the overseer of Binance’s global markets, the addition of Rachel Conlan as Vice President of Global Marketing, and the attainment of ISO 27001 and ISO 27701 certifications for information security and privacy. These developments underscore Binance’s commitment to leadership continuity, marketing expansion, and stringent security and privacy standards.