Binance head of regional markets outside the US Richard Teng is rumored to be the chosen successor if CEO Zhao relinquishes his position.
zkPass protocol was selected from a list of more than 900 applicants and will now receive strategic funding from Binance Labs as well as four other finalists.
The exchange’s Chief Communications Officer Patrick Hillmann said that the layoffs in June and internal reallocation of resources are necessary as the scrutiny persists.
Sources said that Binance is working on a setup that will allow them to keep bank deposits as collateral for margin trading in spot and derivatives.
Binance has been embroiled in regulatory battles for some time now as its derivatives license was revoked by the Australian Securities and Investments Commission following a probe into its dealings.
Yesterday, Binance CEO Zhao opined that a Binance-owned bank would not solve the crypto debanking situation.
The growth of BNB and the underlying chain is largely connected with the ongoing regulatory scrutiny, especially in the United States
OFAC claims that at least $2 million worth of cryptocurrencies was moved through wallets to fund North Korea’s weapon of mass destruction (WMD) programs.
The integration of TradingView will give Binance users access to a wide range of tools while exposing Binance products to traditional investors.
The executives at Binance.US believe that reducing Zhao’s stake could help in actually improving the standing in the eyes of the US regulators.
Binance noted that it will provide crucial information through Capital Connect including assets under management (AUM) of different funds, their performance records, and minimum investment amounts.
Boba said its users on BNB Chain are saving around 80% on transaction fees by using its network.
Binance has been aggressively growing its NFT marketplace in a variety of ways in order to become a top platform for buying, selling, and trading NFTs.
The first edition of the Binance BuildTheBlock competition will feature 12 contests.
Despite the huge withdrawals and the network congestion, Binance had since resumed Bitcoin operations during the early Asian market on Monday.