binance

  1. Hanno Labuschagne

    Coinbase makes R10-billion loss in fourth quarter

    Coinbase makes R10-billion loss in fourth quarter Coinbase Global Inc., the biggest US cryptocurrency exchange, posted a $557 million (R10.17 billion) loss and saw revenue tumble 75% in the fourth quarter as trading volumes plunged amid a series of prominent industry bankruptcies and scandals...
  3. Hanno Labuschagne

    Bitcoin recovers after brief crypto regulatory meltdown

    Bitcoin recovers after brief crypto regulatory meltdown Bitcoin traded back above the $22,000 price level as concern about a widening crackdown by regulators eases. The largest cryptocurrency by market value jumped as much as 3.2% to $22,323 during New York trading, after turning negative...
  4. Jan

    Binance launches manual bank deposit support in South Africa

    Binance launches South African rand direct bank deposits Binance has launched support for South African rand manual bank deposits. Customers with South African bank accounts can onramp their fiat currency to the exchange via regular electronic funds transfer (EFT) and buy cryptocurrency.
  5. Jan

    Stablecoin issuer Paxos to stop minting $16 billion Binance token

    Binance says partner will stop minting R287-billion BUSD stablecoin The issuer of crypto’s third largest stablecoin will stop minting new tokens of its Binance-branded coin, as regulators ratcheted up pressure on crypto exchanges and clamped down on the ailing digital assets sector. Paxos...
  6. Hanno Labuschagne

    Binance suspends bank account withdrawals and deposits of US dollars

    Binance suspends bank account withdrawals and deposits of US dollars Binance, the world’s largest cryptocurrency exchange, said it’s temporarily suspending deposits and withdrawals of US dollars using bank accounts, and will work to restart the service soon. The suspension will start...
  7. Jan

    Binance reassures over reserves, says debt free

    Binance bank run Binance Holdings Ltd. founder Changpeng “CZ” Zhao said outflows from the largest cryptocurrency exchange have “stabilized” while warning employees that the industry’s recovery from rival FTX’s collapse will be “bumpy.” In a tweet on Wednesday, Zhao said “things seem to have...
  8. Hanno Labuschagne

    Binance benefits big-time from FTX's collapse

    Binance benefits big-time from FTX's collapse Digital-asset exchange Binance Holdings Ltd. saw a substantial boost in trading activity as Sam Bankman-Fried’s FTX crypto empire collapsed in November. Trading activity on the largest crypto exchange jumped by 30% last month, when FTX had a...
  9. Jan

    Ovex terminates relationship with FTX for FSP licence

    FTX loses financial services licence access in South Africa South African cryptocurrency market maker Ovex has cancelled and removed FTX as a juristic representative, cutting off the international exchange’s access to its local Financial Service Provider (FSP) licence. “FTX is now unlicensed...
    • Jan
    • Thread
    • alameda research binance changpeng "cz" zhao farzam ehsani ftx jonathan ovadia nick bergonzoli ovex pantera capital sam bankman-fried (sbf) valr
    • Replies: 2
    • Forum: Cryptocurrency and Blockchain
  10. Jan

    Crypto.com CEO says withdrawals working, will continue to work

    Crypto.com assures withdrawals will keep working Crypto.com Chief Executive Officer Kris Marszalek said withdrawals from the platform are working and will continue to work, moving to reassure markets unnerved by the sudden collapse of rival FTX.com. Marszalek, speaking Monday in a livestreamed...
  11. Jan

    CZ smells blood in the water, goes after Crypto.com

    As a reminder, Crypto.com is the platform behind the celebrity ads, the naming rights of the Staples Centre, and is a FIFA World Cup sponsor. https://crypto.com/company-news/crypto-com-unveiled-as-fifa-world-cup-qatar-2022-official-sponsor
  12. Jan

    The Ballad of FTX and Binance

    High drama as two crypto titans clash — what it means for Ovex, VALR, Luno in South Africa In the cryptocurrency world, it’s called whale games. When two or more large players — “crypto whales” — try to outmanoeuvre each other, the collateral damage doesn’t seem to be a consideration. All that...
    • Jan
    • Thread
    • binance changpeng "cz" zhao farzam ehsani ftx jonathan ovadia luno marius reitz ovex sam bankman-fried (sbf) valr
    • Replies: 304
    • Forum: Cryptocurrency and Blockchain
  13. Hanno Labuschagne

    Biden says Musk's relationships with other countries must be looked into

    Biden says Musk's relationships with other countries must be looked into President Joe Biden said Elon Musk’s relationships with other countries are “worthy of being looked at,” though he declined to say whether the world’s richest man was doing anything inappropriate. “I think that Elon...
  14. Jan

    Binance backs out - FTX needs $8 billion rescue

    Binance backs out of FTX deal — Bitcoin tumbles below R300,000 Changpeng “CZ” Zhao walked away from his bailout for Sam Bankman-Fried’s FTX.com almost as quickly as he offered a rescue. “Our hope was to be able to support FTX’s customers to provide liquidity, but the issues are beyond our...
  15. Jan

    Bitcoin tanks on Binance-FTX deal doubts

    Bitcoin tanks on Binance-FTX deal doubts Cryptocurrencies extended declines as Binance’s potential takeover of embattled rival exchange FTX highlighted how strains in the digital-asset industry are now buffeting some of its top players. Bitcoin, the largest token by market value, fell as much...
    • Jan
    • Thread
    • binance bitcoin changpeng "cz" zhao ftx sam bankman-fried (sbf)
    • Replies: 48
    • Forum: Broadband and IT News
  16. Jan

    FSCA declares crypto assets a financial product

    South Africa declares cryptocurrency a financial product Crypto assets are to be treated as financial products in South Africa to make it easier for regulators to monitor the market and help to safeguard consumers. The Financial Sector Conduct Authority (FSCA) defined crypto assets as "a...
    • Jan
    • Thread
    • binance farzam ehsani financial action task force (fatf) financial sector conduct authority (fsca) hannes wessels luno marius reitz valr
    • Replies: 5
    • Forum: Cryptocurrency and Blockchain
  17. Jan

    Binance relaunches margin trading in South Africa

    Binance relaunches margin trading in South Africa Binance has relaunched its futures products in South Africa through a partnership with Fivewest OTC Desk. “Binance USD-Margined and Coin-Margined Futures will be available to South African clients, and Binance will provide all operations and...
  18. Jan

    Leslie Maasdorp joins Binance's Global Advisory Board

    Former Telkom director joins world's largest cryptocurrency exchange's Global Advisory Board Binance has created a Global Advisory Board to which it appointed eleven financial sector experts, including South African investment banker Leslie Maasdorp. Members of the board include veterans and...
    • Jan
    • Thread
    • binance changpeng "cz" zhao global advisory board (gab) leslie maasdorp max bacus telkom
    • Replies: 0
    • Forum: Broadband and IT News
  19. Hanno Labuschagne

    Binance will convert USDC into its own stablecoin

    Binance will convert USDC into its own stablecoin Binance, the largest crypto exchange by volume, will start converting any existing user balances and new deposits of USD Coin (USDC), Pax Dollar (USDP) and True USD (TUSD) into the company’s own stablecoin, according to a statement published on...
  20. Jan

    Binance communications officer impersonated in Zoom calls with deepfakes

    Hackers used deepfakes of Binance officer to scam crypto executives Binance chief communications officer Patrick Hilman says hackers used deepfake technology to impersonate him in Zoom video calls to scam potential business partners. Hilman first realised something was amiss after he received...
  21. Jan

    Binance launches ZAR deposits - but there's a catch

    World's biggest cryptocurrency exchange launches South African rand deposits Blockchain and cryptocurrency infrastructure provider Binance has launched a fiat gateway for South African rand. The fiat gateway lets South African users make instant EFT deposits using Stitch.
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