Tags: Binance

An objective look at the blockchain heavyweight.

Winning Binance’s Metaverse-based reality show allows zkPass to receive funding from Binance Labs.

This week’s Crypto Biz also looks at the crypto industry after FTX collapse, Tether’s Bitcoin mining in Latin America, Tabi’s funding round and Nvidia’s artificial intelligence machines.

Bitcoin and most major altcoins are witnessing subdued price action, indicating a lack of buying interest from the larger players.

A Binance spokesperson told Cointelegraph that the company forecasted the drop after its decision to end its zero-fee BTC trading but that it’s “not a concern.”

Startups competed in a metaverse-based Web3 reality show called Build The Block to win an investment from Binance Labs.

Binance Targets Privacy Coins for Delisting in Four European Countries – What‘s Going On?

Binance suspended fiat on- and off-ramps by bank transfers in Australia, as well as trading for Australian dollar (AUD) pairs.

Reports emerged on Wednesday that crypto exchange Binance is undertaking sizable layoffs. 

Binance and OKX, but also Paxos, Blockchain.com, Deribit, and ByBit have all left Canada.  

Binance has not denied plans to lay off staff, but pushed back on narrative that layoffs are part of cost-cutting.

At a time when USDT is touching new market cap highs, the other stablecoins are struggling to keep their market dominance.

Bitcoin and most major altcoins are struggling to hold on to their higher levels, indicating that the bears have not given up yet.

Bybit Joins Binance in Exit from Canadian Crypto Market – What‘s Going On?

Binance could let go of up to 20% of its current workforce in June, but refuses to call its resource allocation plans a “rightsizing.”

Binance‘s chief strategy officer Patrick Hillmann hinted on Twitter the resource reorganization is meant to address growing regulatory pressures targeting the crypto space.

Today in Crypto: Xapo Integrates USDT Payment Rails, Police Reportedly Detains Trust Reserve Core Team, Reserve Bank of India Deputy Governor Recommends All Banks Adopt Blockchain & AI

Binance users in France, Italy, Poland and Spain will no longer be able to buy or sell 12 privacy tokens starting from June 26.

Swiss-based FlowBank and Liechtenstein-based Bank Frick have been named as potential intermediaries for this service.

Binance is looking to reduce clients’ concerns about keeping their funds with exchanges after the collapse of FTX.

The BTC discount on Binance Australia could be attributed to traders trying to exit their positions before the June 1 withdrawal deadline.

According to CZ, buying a bank would not guarantee future debankings and would thus be a suboptimal solution.