Binance, the world’s largest cryptocurrency exchange, released a new Binance Emoji on Twitter that users noticed bore a striking resemblance to a swastika. On Wednesday morning, Binance CEO, Changpeng “CZ” Zhao retweeted Binance’s original post, adding “#binance” to show off the new emoji. The original posts, which have since been deleted, were quick to do the rounds on Twitter in the form of screenshots, where users immediately began criticizing the resemblance. The new Binance emoji is a literal swastika pic.twitter.com/lCOuWuPnyF — mann0000.eth (@nftshare) April 20, 2022 Smaller Twitter account Nftshare posted about it to their 300 followers, which gained more …

Binance, the world’s biggest crypto exchange in terms of trading volume, received in-principle approval to operate in Abu Dhabi, marking its third regulatory approval in the Middle Eastern region after Bahrain and Dubai. The in-principle approval from the Abu Dhabi Global Market (ADGM) allows Binance to operate as a broker-dealer in digital assets including cryptocurrencies — marking yet another milestone for the crypto exchange, which envisions to operate as a fully-licensed firm. @binance, one of the world's leading #blockchain and #cryptocurrency platforms, received an IPA from the #ADGM Financial Services Regulator Authority. pic.twitter.com/jhHenzaahE — Abu Dhabi Global Market (@ADGlobalMarket) April …

The Forbes crypto billionaires list has been updated, and the number of individuals who have made vast fortunes in digital assets has increased substantially. The crypto elite list now has 19 billionaires on it, which is seven more than last year and expands the list by 58%. The publication released its latest crypto richest on April 5, but the king of the crop remains unchanged. Binance CEO and founder Changpeng “CZ” Zhao is still the richest man in the industry and now the 19th richest in the world due to his relatively newly accrued wealth. The outlet has downgraded CZ’s …

Binance, the world’s largest cryptocurrency exchange by trading volumes, is making a strategic investment in the 104-year old magazine Forbes to improve consumer understanding of cryptocurrencies and blockchain. Forbes and Magnum Opus Acquisition Limited, a publicly-traded special purpose acquisition company (SPAC), officially announced Thursday securing a $200 million strategic investment from Binance. Forbes previously announced plans to go public through a business combination with Magnum Opus in August 2021, with the deal expected to close in Q1 of 2022. Binance’s strategic investment will be through Binance’s assumption of subscription agreements representing $200 million of commitments in the $400 million private …

Binance CEO Changpeng Zhao has alerted the crypto community against a 'massive' SMS phishing scam targeting Binance customers. On Friday, CZ tweeted alerting users of a phishing scam campaign directed at Binance users through SMS. There is a massive Phishing scam via SMS with a link to cancel withdrawals. It leads to a phishing website to harvest your credential as in the screenshot below. NEVER click on links from SMS! Always go to https://t.co/9rMMAmtCxH via a bookmark or type it in. Stay #SAFU pic.twitter.com/erNwe90FN1 — CZ Binance (@cz_binance) February 4, 2022 As per the screenshot shared by CZ, the scam …

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 review of documents such as internal correspondence and confidential messages …

Binance CEO Changpeng Zhao, also known as “CZ,” is now the world’s 11th richest person, according to Bloomberg. The crypto entrepreneur has amassed a $96 billion fortune on the back of his booming exchange business and the rapidly appreciating value of Binance Coin (BNB). CZ’s wealth offers a startling reminder of just how lucrative crypto has become for early adopters. It’s also a sign of things to come as digital assets become more mainstream over the next decade. (If you’re reading this, there’s a good chance you’ll also be counted as one of crypto’s early adopters.) This week’s “Crypto Biz” …

Changpeng Zhao, the CEO of Binance, tops the list of richest crypto billionaires with an estimated net worth of $96 billion. According to Bloomberg CZ ranks 11th among the world’s richest people as Binance retains its position as the biggest crypto exchange in terms of trading volume. CZ, the 44-year-old crypto entrepreneur, overtook Asia’s richest billionaire Mukesh Ambani despite Bloomberg excluding his personal crypto holdings such as Bitcoin (BTC) and the exchange’s in-house Binance Coin (BNB) tokens. The industry is growing. — CZ Binance (@cz_binance) October 26, 2021 According to Bloomberg’s estimation, CZ stands just behind Oracle co-founder Larry Ellison, …

The Chinese-Canadian business executive’s standout message was that centralized exchanges like Binance would remain relevant in 2022 and beyond. Riposting to a loaded tweet about centralized finance’s dark side as well as the future of decentralized finance, CZ said, “Today, we still need the centralized systems to integrate with the traditional financial industry so that we can bring the money into and out of crypto.” He caveated the sentiment with reference to the cryptocurrency market as still being a nascent industry, prone to “hackers, Ponzi schemes and scammers.” Keen readers will remember one of 2021’s legendary rug pulls, Squid Game …

The world’s largest cryptocurrency trading platform, Binance, is among the first crypto exchanges to join a new crypto hub established by the Dubai World Trade Centre Authority (DWTCA). Binance officially announced it signed a memorandum of understanding with the DWTCA the next day after the latter officially announced the launch of a comprehensive zone for crypto in Dubai on Dec. 20. As part of its membership in the DWTCA’s initiative, Binance will help the authority outline the vision of “accelerating the set-up of a new industry hub for global virtual assets,” the company said in the announcement. Binance will also …

The United Arab Emirates (UAE) continues to emerge as one of the world’s biggest cryptocurrency-friendly jurisdictions as the government of Dubai has a new initiative to support local crypto development and regulation. The Dubai World Trade Centre (DWTC), a government-owned event and exhibition venue in Dubai, will become a comprehensive zone and regulator of cryptocurrencies, products, operators and exchanges, DWTC officially announced Dec. 20. As part of the initiative, the DWTC will design a comprehensive ecosystem for this progressive sector within Dubai and collaborate with the private sector to set up an “attractive environment for the sector.” The project also …

The CEO of Binance, the world’s largest cryptocurrency exchange by volume, has disclosed some information on how to get listed on the trading platform. The most important criteria for listing a cryptocurrency on Binance is the number of users, CEO Changpeng Zhao said in a Forbes interview on Nov. 29. CZ went on to say that there are many other factors like the number of active addresses on blockchain, social media audience and code commits. However, the number of users is “the key metric,” he said: “If a coin has a large number of users, then we will list it. …