The biggest crypto exchange Binance is reportedly planning to layoff between 1,500 and 3,000 employees by the end of the year, according to an anonymous source cited by CNBC on July 14, 2023. This move is seen as a response to an ongoing probe by the U.S. Department of Justice and SEC.
According to Mesari, NEAR Protocol, a leading smart contract platform, demonstrated resilience and growth in Q2 2023, despite being listed in the SEC's complaint against Coinbase. The platform's financial and network fundamentals remained stable, with strategic partnerships and grassroots initiatives driving user adoption.
In the first half of 2023, the cryptocurrency market has seen significant shifts in exchange activities, according to a comprehensive analysis by CoinMarketCap.
In a recent tweet, Changpeng Zhao (CZ), the CEO of Binance, the world's largest cryptocurrency exchange by trading volume, shared his insights on building strong teams and the role of external pressure in the company's success.
Binance Academy, the educational arm of Binance, has forged a partnership with renowned online learning platform Coursera to develop certified Web3 educational programs, according to a recent announcement.
As reported by Bloomberg, the Australian Securities and Investments Commission (ASIC) executed a search operation at the offices of Binance Australia. This operation is a part of an ongoing inquiry into the crypto giant's now-closed local derivatives business, highlighting the intensifying regulatory scrutiny Binance is encountering.
Recently, significant Bitcoin transactions have been observed in the market. According to Ki Young Ju, the CEO of CryptoQuant, Bitcoin miners have reportedly transferred a whopping 54,000 BTC to Binance over the last three weeks.
Bloomberg reports that Binance Holdings Ltd. has recently hired M. Kendall Day, a former prosecutor from the US Department of Justice (DOJ), as their attorney to represent them in the ongoing lawsuit initiated by the Securities and Exchange Commission (SEC).
In an exciting collaboration, Binance and Cristiano Ronaldo have announced the upcoming release of their second NFT (non-fungible token) collection, titled ForeverCR7: The GOAT.
Cryptocurrency exchange giant Binance has announced its plans to integrate the Bitcoin Lightning Network for deposits and withdrawals. The move aims to improve transaction efficiency and provide users with a faster and more cost-effective experience.