binance
AEVO price jumped nearly 10% on Tuesday as the project received a major boost from Binance Labs. AEVO is the native token of decentralized derivatives exchange platform Aevo. It could ride the Layer 2 rally around ETH spot ETF speculation and today’s news to target a break above the $1 level. Binance Labs invests in AevoOn Tuesday, Binance Labs announced it invested in Aevo, an options and perpetual contracts-focused L2 platform built on top of the OP Stack. While it did not disclose details of the investment, the venture capital arm of Binance noted that it targets further growth for the L2 b...
Invezz
Reports suggest that the Chicago Mercantile Exchange (CME) Group, already a heavyweight in Bitcoin futures trading, is considering entering the spot bitcoin trading arena. The move could have far-reaching implications for institutional investors and the broader crypto ecosystem where Binance and Coinbase dominate in spot Bitcoin trading. According to reliable sources, the Chicago-based group is currently holding discussions with institutional crypto traders who prefer regulated marketplaces as it aims to capitalise on the demand among Wall Street fund managers to get exposure to the crypto sec...
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Binance is set to resume its cryptocurrency operations in India, according to the latest regulatory news around the world’s largest crypto exchange by trade volume. On Friday, an official of the Financial Intelligence Unit (FIU) said that the anti-money laundering watchdog had approved both Binance and KuCoin to offer services in the country. The two exchanges are the first offshore digital assets platforms to receive a regulatory nod from FIU, CoinDesk reported citing the AML agency’s head Vivek Aggarwal. KuCoin pays $41,000 fine, Binance awaits penalty confirmationAccording to the report, Ku...
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In a major development in the cryptocurrency world, a crypto whale has reportedly purchased a massive 357.34 billion PEPE tokens, valued at approximately $2.9 million, from the Binance exchange. This transaction was highlighted by the major analytics account on X, @lookonchain, which noted the subsequent withdrawal of these tokens to a private wallet, signaling the birth of a new PEPE whale. PEPE sees price fluctuation amidst heavy tradingFollowing the purchase, PEPE experienced a price surge of nearly 7%, reaching $0.00000821, before undergoing a slight correction to $0.00000804, a drop of 4....
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Binance CEO Richard Teng claims officials in Nigeria approached the exchange’s team and offered a secret crypto settlement proposal. Teng shared details of this shocking development in a blog post that highlights the ongoing legal troubles around Binance official Tigran Gambaryan. The Binance chief’s comments comes as news from Nigeria say the government is planning to ban naira from all peer-to-peer (P2P) platforms in the country. Binance CEO on Nigeria’s crypto landscapeOn May 7, Richard Teng, who replaced former Binance CEO Changpeng Zhao, wrote about why Tigran Gambaryan is innocent and sh...
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Former Binance CEO Changpeng “CZ” Zhao has been sentenced to four months in prison for money laundering violations. The sentencing comes after Zhao pleaded guilty last November to failing to establish a proper anti-money laundering program at Binance, the largest cryptocurrency exchange by trading volume. Zhao’s downfall and legal battle with DOJChangpeng Zhao, who founded Binance in 2017, led the company to become a dominant force in the crypto industry. However, his tenure was marred by controversy as U.S. Justice Department officials accused him of prioritizing growth over compliance with U...
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MilkyWay, the liquid staking hub for Celestia’s modular ecosystem, has received backing from top crypto and blockchain venture capital firms Polychain Capital and Binance Labs. MilkyWay secures $5 million from investorsAn announcement published on Tuesday revealed that Polychain and Binance Labs led MilkyWay’s $5 million seed round raise. The investment round also attracted the participation of Web3 venture capital firm Hack VC, founder-first fund for early-stage projects Crypto.com Capital and Web3 venture fund & accelerator LongHash Ventures. The round also attracted various angel investors,...
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