Binance to Reinstate Payments From EU's SEPA Platform: Report

Crypto exchange Binance is about to reinstate payments from the European Union’s Single Euro Payments Area (SEPA), according to a Bloomberg report, citing a person familiar with the matter. Payments through the network will resume “in the coming hours,” Bloomberg said. The rollout will be phased, starting in Belgium and Bulgaria, and will expand throughout the bloc in the following weeks. The U.K., which left the EU in January 2020, will not be included, according to the report. Binance temporarily halted payments from SEPA in July. SEPA allows consumers to…

Binance to Sponsor Argentina’s National Soccer Team, Professional ​​League

Binance will become the main sponsor of Argentina’s powerhouse national soccer team and the naming sponsor of its national soccer league for five years, the crypto exchange announced on Monday. The company said that it had signed an agreement with the Argentine Football Association (AFA), the governing body of Argentine soccer. It is the first deal Binance has closed with a national soccer team worldwide, the company said Monday in a statement. Argentina is a two-time world champion and boasts arguably soccer’s best player, Lionel Messi, and one of its…

Binance was withholding information from regulators, repeatedly shunned own compliance department

In a report published on Friday, Reuters laid out the findings of its investigation into the regulatory compliance practices of Binance, the world’s largest cryptocurrency exchange by trading volume. The authors suggest the existence of a recurring pattern whereby the company’s CEO Changpeng Zhao, while proclaiming its openness to government oversight, ran an organization that systematically denied regulators’ requests for financial and corporate structure information and shirked proper client background checks. The reported findings are based on the accounts of Binance’s former senior employees and advisers, as well as the…

Binance Didn’t Upgrade Customer Checks, Despite Promises to Regulators: Report

The world’s largest crypto exchange kept weak know-your-customer (KYC) checks and did not properly cooperate with authorities, despite its public promises about compliance, Reuters said in an investigative report published Friday. The report was based on interviews with dozens of former employees of Binance, advisers and business partners, as well as the review of hundreds of documents. Author: Eliza Gkritsi Source link

Former Binance US CEO Catherine Coley is still missing, and no one seems to be talking

Around the time Binance.US announced former Comptroller of the Currency Brian Brooks would be leading the crypto exchange, former CEO Catherine Coley effectively dropped off the face of the digital world. Coley, who had regularly posted updates on Binance.US and her personal life to her Twitter account, has been inactive on the social media platform since April 19. Her job experience on LinkedIn ends with her two years as CEO of Binance.US in June 2021, and her online silence has led at least one news outlet to reach out to…

Binance partners with CAF as Africa Cup of Nations’ blockchain sponsor

Leading exchange Binance is sponsoring the 2021 TotalEnergies Africa Cup of Nations (AFCON), the largest international men’s football competition in Africa. As part of an official partnership with the Confederation of African Football (CAF), Binance has taken the mantle of AFCON 2021’s exclusive cryptocurrency and blockchain sponsor. The deal will involve Binance promoting CAF social media content, such as the assist of the day, assist of the week, and assist of the tournament. Taking place in Cameroon from 9 January to 6 February 2022, the tournament will be broadcast live…

Binance Confirms Crypto Debit Cards Shipping to Europe

Binance has confirmed the shipping of its crypto debit cards to Europe following a tweet from Binance CEO Changpeng Zhao, or CZ, several days ago. “We began shipping a limited quantity of Binance Cards on July 24,” a Binance representative told Cointelegraph in a July 27 email. “The cards are being shipped to users in European Economic Area,” the representative added.   CZ posted on social media about the card shipments CZ tweeted the news out in an unofficial capacity on July 25. “This started shipping in limited quantities as…

Binance Now Sending Out Its Debit Cards

After months of waiting, planning and testing, Binance has begun delivering its debit cards to customers. “This started shipping in limited quantities as of yesterday, I heard,” Binance CEO Changpeng Zhao, also known as CZ, said in a July 25 tweet, responding to a community member interested in the product. Previous reporting shows an August launch for the card in European regions, so, it can be inferred, CZ means shipping to European customers at this time. Cointelegraph reached out to Binance for additional details but received no response as of…

Binance Smart Chain Adds Chainlink Oracles for Better DeFi

Binance Smart Chain — a dual-chain architecture from major crypto exchange Binance — is now integrating Chainlink (LINK) data oracles.  Binance Smart Chain adds smart contracts to the exchange’s original chain, Binance Chain, and is currently in testnet. Chainlink co-founder Sergey Nazarov told Cointelegraph that in his opinion, this integration will save time and effort for developers who are building decentralized apps on the blockchain: “With the Chainlink integration, Binance Smart Chain developers no longer need to dedicate months of engineering time to set up their own oracle infrastructure. Now,…

Binance to Transfer BUSD Across Blockchains on Syscoin-Ethereum Bridge

Major cryptocurrency exchange Binance plans to use a bridge between the Syscoin and Ethereum blockchains to move its Binance USD (BUSD) stablecoin between them. The bridge developed by the Syscoin Foundation will allow BUSD holders to move their tokens between the Ethereum and Syscoin blockchains. This will also make the stablecoin available on the Syscoin blockchain for the first time.  Binance said, “Users can take advantage of Syscoin’s fast, scalable and low-cost transactions while also preserving the ability to leverage Ethereum’s smart contract functionality. Also help provide more use cases…