Bitget revealed that its native wallet has surpassed 40 million users, representing a growth of over 100% since March 2024. This brought the platform closer to Binance, making it the second most downloaded crypto app in the world. In fact, Bitget Wallet recorded 6 million downloads in September alone. In a recent blog post, Bitget […]
Binance revealed collaborating with the Delhi Police to take down a “sophisticated scam” orchestrated by a fraudulent entity known as “M/s Goldcoat Solar.” According to the press release shared with CryptoPotato, the crackdown resulted in several arrests and the confiscation of more than 100,000 USDT in crypto assets. Solar Scam Busted As part of the […]
In one of the latest collaborations between public and private entities, the world’s largest cryptocurrency exchange, Binance, announced that it helped Indian authorities bust a purported legitimate online gaming app that defrauded users of more than Rs 400 crore ($47.6 million). According to a blog post, the Binance Financial Intelligence Unit (FIU) provided critical aid […]
Changpeng Zhao, the founder and former CEO of the world’s largest cryptocurrency exchange, has served his four-month prison sentence and has been released from custody as of Friday. Although he has stepped down as the chief executive of Binance, he is still the largest stakeholder. Recall the events that took place almost a year ago […]
The U.S. government is quietly pressuring Nigeria to release Tigran Gambaryan, a Binance executive detained in the country since February. Gambaryan has reportedly faced serious health issues while in custody, prompting calls for his release on humanitarian grounds. Humanitarian Concerns According to a New York Times report, two anonymous senior State Department officials revealed that […]
Richard Teng has publicly condemned the Nigerian government over what he describes as the “inhumane treatment” of Tigran Gambaryan, the company’s Head of Crime Compliance, who has been detained in the West African country for the past six months. Teng’s statement comes in response to a recently surfaced video that shows Gambaryan in visible distress […]
Over the last five decades, the payments industry has grown into one of the largest and fastest-growing sectors in the world. However, it faces one issue – the sector still runs on 50-year-old technology rails that become more inefficient as time passes. A report from Binance Research, the research division of Binance, the world’s largest […]
Richard Teng has dismissed allegations made by Ray Youssef, founder of the peer-to-peer Bitcoin (BTC) trading platform NoOnes, that the crypto exchange froze Palestinian assets on the exchange at the request of Israeli authorities. The controversy started following Youssef’s August 26 message on X, where he accused Binance of complying with directives to freeze accounts […]
Binance announced that it has prevented over $2.4 billion in losses from potential scams and fraudulent activities that could have impacted more than 1.2 million users from January to July 2024 owing to its risk management measures. According to the official press release shared with CryptoPotato, Binance employs an internal risk engine that provides 24/7 […]
Binance, the largest crypto exchange, has finally reached a settlement with Brazilian regulators for $1.76 million over unlicenced derivatives trading allegations. This comes after an investigation into the exchange, which lasted a year regarding its activities in Brazil. Binance’s Derivatives Trading Allegations The Brazilian Securities and Exchange Commission (CVM) asked Binance to halt its derivatives […]