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Binance in Talks for Regulatory Approval in Germany, CEO Says

Changpeng Zhao says the crypto exchange is recruiting compliance personnel in the country. Cryptocurrency exchange Binance is in talks to gain regulatory approval in Germany, founder and CEO Changpeng “CZ” Zhao said. Binance is recruiting compliance personnel for its team in Germany and hopes to win a license there, he said at an event in Hamburg …

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Binance CEO CZ to support Terra community but expects more transparency

Pointing out the potential issues with forking Terra, CZ said that “Minting, forking, don’t create value.” Changpeng “CZ” Zhao, the CEO of crypto exchange Binance, recently questioned the idea of hard forking the Terra blockchain as a means to revive the once-thriving LUNA and UST ecosystems. Following up on the same, CZ revealed his perspective on the …

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SWISS EXCHANGE RELAI TO RELEASE A BITCOIN DEBIT CARD

Relai, a savings app focused on bitcoin, is crowdfunding through Crowdcube to launch a bitcoin debit card. Relai, a European bitcoin savings application, is planning to release a bitcoin debit card. The company started crowdfunding through Crowdcube and reached over $1.5 million within the first two hours. Currently Relai has raised over $2 million and …

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Binance temporarily suspends LUNA, UST withdrawals citing network congestion

The market value of UST, Terra’s stablecoin offering, recently fell below the expected $1 price point as LUNA’s price witnessed a sharp decline owing to a significant selloff. As the crypto community still tries to decipher Terra’s ongoing pegging-de-pegging fiasco in relation to its stablecoin offering TerraUSD (UST), major crypto exchange Binance temporarily suspended the …

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Binance commits $500M to co-invest in Twitter with Elon Musk

Binance is among 18 co-investors in Elon Musk’s Twitter acquisition alongside firms like Sequoia Capital Fund and Fidelity Management and Research Company. Major crypto exchange Binance has participated in Elon Musk’s $44 billion acquisition of Twitter, according to data filed with the United States Securities and Exchange Commission. On May 5, Musk filed an amended general statement of …

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Design Lapse: Binance Releases Swastika-like Emoji On Hitler’s Birthday

Binance has unveiled a new Twitter emoji yesterday, but something “doesn’t feel Reich” about it. Binance commits embarrassing faux pas Several Twitter users have pointed out that Binance’s new logo bears a close resemblance to the swastika. While the swastika is an ancient symbol dating back to thousands of years ago, as some users mentioned, …

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Turkey to Jail Missing Thodex CEO and Executives for at Least 40,000 Years

A year after the Thodex cryptocurrency exchange went bankrupt, Turkish prosecutors are now seeking at least a 40,000 year-jail term for Faruk Fatih Ozer, the Chief Executive Officer of the trading platform reported to have fled with at least $28 million of trader’s funds. According to a Bloomberg report citing local news channel Demiroren News Agency, …

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Binance becomes official crypto exchange partner of 64th Grammy Awards

Taking place on April 3, the 64th Grammy Awards ceremony will also feature exclusive NFTs via the OneOf marketplace, issued on Tezos. The Recording Academy, a major music recording company famous for its annual music awards Grammy Awards, has inked a partnership with Binance, the world’s largest crypto exchange by trading volumes. According to a …

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UAE-Based Crypto Exchange Bitoasis Obtains Provisional Approval From Dubai’s New Regulator

A major cryptocurrency exchange in the UAE, Bitoasis, has obtained provisional approval from Dubai’s new cryptocurrency regulator. Binance and FTX have also been green-lighted by the regulator. Bitoasis Pursuing License From Dubai’s New Crypto Regulator Bitoasis, a major crypto exchange founded and headquartered in Dubai, announced Wednesday that it has received “provisional approval” from Dubai’s …

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