Binance CEO’s comments follow an investigation by India’s financial crimes regulator, accusing WazirX of evading authority oversight
Bitcoin and ether are off 10% and 15% respectively as the total market returns levels not seen since January 2021
Binance Labs, the investment arm of the world’s largest crypto exchange by total volume, is betting big on the development Web3
The exchange giant announced it will cease efforts to obtain its own license from the Monetary Authority of Singapore, following an investment in a regulated exchange, and plans to shut down its Binance.sg service in February, 2022
Binance has registered a new corporate entity, Binance Exchange (Ie), and seems to have abandoned plans to set up headquarters in Singapore.
The investment will go toward the company’s Binance Smart Chain ecosystem to support investments, its builder program, talent development and liquidity incentives.
On chain data sources show there’s plenty of bitcoin flowing through Binance’s wallet, but there’s yet a capital flight.