The European Parliament granted final approval to the European Union’s artificial intelligence law, one of the world’s first set of comprehensive AI regulations.
Binance News
Founded in 2017 by Changpeng “CZ” Zhao, Binance has become one of the largest crypto asset exchanges in the market, providing a wide variety of software products and services for buying and selling cryptocurrencies.
The Binance ecosystem encompasses diverse offerings, including the Binance exchange for cryptocurrency trading, the BNB Smart Chain enabling decentralized applications, the Binance Academy for educational content and Trust Wallet for secure asset storage and management.
BNB (BNB) serves as the driving force behind the BNB Chain ecosystem, functioning as its native cryptocurrency token. BNB originated from Binance’s initial coin offering and served as a means for users on the Binance exchange to reduce trading fees upon its launch. In 2019, Binance launched a mainnet blockchain, Binance Chain, with BNB as its coin. In 2020, Binance Smart Chain (BSC) was launched as a separate compatible blockchain alongside Binance Chain. In 2022, Binance merged the Binance Chain and Binance Smart Chain ecosystems under a single label: BNB Chain. Both chains still run parallel and serve distinct roles but are housed under a single name.
Despite its success, Binance is under constant regulatory review as authorities examine whether it complies with global financial laws. This highlights the industry’s unstable regulatory environment and has led Binance to bolster its adherence to laws and regulations in various jurisdictions. Nonetheless, its technological prowess, worldwide reach, and forward-thinking leadership solidify its position as a formidable crypto behemoth.
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Since his guilty plea in November 2023, Changpeng Zhao has largely stayed off social media but broke this pattern to announce a project with “no new tokens.”
4722“In the past few weeks, there has been no shortage of records, all-time-highs, and crypto industry firsts,” Binance wrote.
1506A crypto whale bought 314 million BOME tokens ahead of its Binance listing, sparking insider trading discussions among community members.
5202The Chamber of Digital Commerce believes that Gambaryan’s detention is arbitrary, without due process, and presents a significant challenge to international law norms and diplomatic relations.
5993The hackers illegally accessed funds on NFPrompt, including a portion of the NFP treasury and ecosystem fund.
1814Binance Labs’ portfolio averages an over 14 times return on investment rate, according to the announcement.
2611Chukwumaeze Dike, a crypto enthusiast and cybersecurity specialist, said he finds the request for the top 100 users surprising and doubts Binance will comply.
1899Demand for BTC futures soars to $35 billion, but options markets show no signs of excessive optimism.
11292The relationship between Binance and the Nigerian government has drastically changed in recent months, according to a recent blog post from the crypto exchange.
1528Binance will delist the COMP/TUSD, EDU/TUSD and PENDLE/TUSD trading pairs on March 15 at 3:00 am UTC.
2075Nigeria may seek a $10 billion fine from Binance as retribution as the country believes they “really messed up” the local economy.
12233Senior Binance execs Tigran Gambaryan and Nadeem Anjarwalla have been detained at a government property since Feb. 26.
6770Traders’ strong appetite for leverage could be creating the perfect scenario for cascading liquidations.
15681The world’s largest crypto exchange continues to grapple with ongoing legal challenges, particularly in the United States.
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