Binance Flags MOVE Token Amid Market Maker Scandal and Rebrand
Binance has added Movement Labs’ native token, MOVE, to its Monitoring Tag list, citing increased volatility and risk. The decision comes on the heels of the protocol‘s recent rebranding to “Move Industries” and the removal of co-founder Rushi Manche. The monitoring tag acts as a red flag to investors, warning
BNB Burns $900M in Tokens — But Price Stays Flat
BNB Chain has just completed its 31st quarterly token burn, destroying over $900 million worth of BNB tokens. Despite the massive burn, the market reaction was underwhelming, with the token’s price barely moving. $916 Million Burn, Minimal Price Reaction On April 16, BNB Chain burned 1.57 million BNB tokens, valued
Binance Secures $2B Investment from Abu Dhabi’s MGX
Binance, the world’s largest cryptocurrency exchange by trading volume, has received a $2 billion investment from Abu Dhabi-based investment firm MGX. This marks the first-ever institutional investment in Binance and the first digital asset-focused investment for MGX. The investment was made in stablecoins, though Binance did not disclose which specific
Binance Secures 21st Regulatory Approval: Expands Reach in Latin America
Binance, the world’s largest cryptocurrency exchange, has achieved its 21st regulatory approval by acquiring a broker-dealer license in Brazil. This significant milestone highlights Binance’s growing influence in Latin America and its commitment to compliance on a global scale. Brazilian License: A Gateway to Latin America Binance has gained approval from
Binance, WazirX Among Crypto Firms Caught Evading Taxes in India
India’s Minister of State for Finance, Pankaj Chaudhary, revealed significant tax evasion by cryptocurrency exchanges, including Binance and WazirX. Authorities have identified 824 crore rupees ($97 million) in unpaid Goods and Services Tax (GST) across 17 crypto firms, sparking multiple investigations. Recovered Taxes and Penalties The Indian government has already
