Binance to Launch New Cryptocurrency Exchange in Thailand After Thai SEC Filed Criminal Complaint

Binance to Relaunch Crypto Exchange in Thailand After Thai SEC Filed Criminal ComplaintCrypto exchange Binance is launching a new exchange in Thailand after the country’s Securities and Exchange Commission (SEC) filed a complaint against the company for operating without a license. Binance has now signed an agreement with Gulf Energy Development, a Thai public company, to establish a crypto exchange in Thailand. Binance and Gulf Energy to […]
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Changpeng Zhao Reveals The Magic Behind Binance’s Huge Success In Recent Years

Changpeng Zhao Reveals The Magic Behind Binance's Huge Success In Recent Years

Binance CEO says it’s almost impossible to point to the single determinant of the exchange’s success. He compartmentalizes the factors into three – Users, Service, and Product. The exchange has blazed a trail in an uncharted path by becoming the first exchange to cater to a wider, international clientele. Binance is undoubtedly the largest cryptocurrency […]

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Binance Corroborates Solana Network’s Congestion Issues

Outpaced By Solana; Economist Tells Why Ethereum Is Bound To Fail

Solana’s congestion problem continues to devour the L1 network with the latest grumbles coming from Binance users, prompting the exchange to issue a notice on Tuesday. “The Solana (SOL) network is currently experiencing congestion due to an increase in high compute transactions, which is reducing its network capacity to several thousand of transactions per second […]

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Binance sponsors AFCON to further develop crypto adoption in Africa

Binance partners with the Confederation of African Football to sponsor the TotalEnergies African Cup of Nations tournaments.

Monday marked the start of the TotalEnergies Africa Cup of Nations (AFCON) tournament — the largest men’s football championship series in Africa. At the same time, Binance announced its official partnership with the Confederation of African Football (CAF) as well as its official sponsorship for the AFCON 2021 tournament, becoming the first crypto and blockchain sponsor for the event.

Through this sponsorship, Binance will also be promoting CAF’s social media content which will include the assist of the day, assist of the week and assist of the tournament. This content will cover games from five cities in Cameroon across all six venues.

Veron Mosengo-Omba, the general secretary for CAF, was “delighted to welcome Binance as an official sponsor of the AFCON tournament this year.” Mosengo-Omba said that he is optimistic that this partnership will “push African football to a new level.”

AFCON 2021 marks the start of the African sports calendar and will continue until Feb 6.

Binance’s partnership with CAF is a part of an ongoing campaign to provide financial services to Africans who they say would normally have very limited access to banks and other financial institutions. So far, Binance says it has already given over 541,000 Africans access to free classes on crypto.

Binance’s director for Africa, Emmanuel Babalola, stated: “Football is the most popular sport in Africa.” He said that they hope this sponsorship will further “corroborate our mission to take crypto mainstream across the continent.”

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Pakistanis Lose Millions to Crypto Scam, Pakistan Issues Notice to Binance

Pakistanis Lose Millions to Crypto Scam, Pakistan Issues Notice to BinanceInvestors from Pakistan have become victims of a massive fraud using cryptocurrency. The country’s main law enforcement agency has issued a notice to crypto exchange Binance in relation to the scam which resulted in the loss of $100 million dollars for Pakistanis, media reports revealed. Fraudsters Lure Pakistanis to Invest in Cryptocurrency Through Binance Pakistan’s […]
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