India on Friday blocked access to the web platforms of foreign cryptocurrency exchanges and virtual digital asset service providers such as Binance, Kucoin and OKX. The Android versions of these apps are also likely to be taken down as “orders to that effect have been passed already”, a senior government official said. On Wednesday, the … Read more
The mythology surrounding the rise of the world’s largest crypto exchange is impressive. However, a Forbes investigation reveals that Binance’s 2017 initial coin offering was a flop, that it quietly took advantage of to amass a lucrative crypto warchest. By Javier Paz, Forbes Staff PART I As Sam Bankman-Fried, the disgraced founder of its former … Read more
Binance US’s share of the global market has shrunk to about 0.6% from around 2.39% in April Binance US Chief Executive Officer Brian Shroder has left the crypto trading platform and been replaced on an interim basis by Chief Legal Officer Norman Reed, according to a company spokesperson. The departure comes as the company controlled … Read more
Changpeng Zhao, Binance’s cofounder and CEO, at the Web Summit in Lisbon, Portugal on November 1, 2022. (Photo by Pedro Fiúza/NurPhoto via Getty Images) NurPhoto via Getty Images It may be the world’s seventh-most-valuable cryptocurrency, but Binance is quickly turning away from its doomed namesake stablecoin and considering alternative formats, pegs and partners. With the … Read more