Binance, the world's largest cryptocurrency exchange, is reportedly attracting traders in India by allowing them to buy and sell cryptocurrencies in Indian rupees. The exchange acts as a neutral third party, providing an 'escrow service' that pairs a local buyer and seller in an offshore marketplace while settling the payment in INR. Indian regulators are aware of these transactions, and Binance is not violating any laws as they only provide escrow services for crypto transfers, which are not recognized as legal tender. However, local traders who advertise for buying and selling cryptos on the Binance platform could potentially be violating exchange control rules and anti-money laundering. Indians have moved their cryptos to wallets with foreign exchanges, decreasing user activity on India-based exchanges to 90% in 2022.

According to the monitoring of Ember, a data analyst on the chain, a giant whale address transferred 1,327 BTC (about 40 million US dollars) to Binance half an hour ago. These BTCs were proposed by him from Binance on June 28. The address also withdrew 750 BTC (~$22 million) from Binance on the afternoon of April 30, and then transferred it back to Binance in the early hours of May 1. Three hours after he transferred back to Binance, BTC dropped from $29,400 to $28,500.

Binance has announced its support for the upcoming Kava (KAVA) network upgrade, which will take place at the Kava block height of 5,597,000, or approximately at 2023-07-12 15:00 (UTC). During the upgrade, deposits and withdrawals of KAVA will be temporarily suspended starting from 2023-07-12 14:00 (UTC).

Binance CEO CZ recently shared his thoughts on how to build strong and tight-knit teams. Contrary to popular belief, he believes that the secret is not fancy team building events or coaching exercises, but rather external pressure. CZ argues that fighting in the trenches together builds reliance, alliance, resilience, and trust between team members.

New data from K33 Research reveals that the cryptocurrency industry currently employs almost 190,000 people as of July 2023, which is a significant increase compared to pre-crypto frenzy employment statistics. The report shows that in 2021, there were almost 211,000 individuals employed in the crypto industry, with around one-third of them working at exchanges or brokerages.

Binance has released its eighth asset reserve certificate, which provides transparency into the company's holdings in various cryptocurrencies, including Dogecoin, Solana, and Ripple. Binance's net holdings include 11.6 billion DOGE, 31.2 million SOL, and 2.7 billion XRP, giving insight into the dynamics of the cryptocurrency exchange market. Bitcoin and Ethereum holdings have decreased, while Binance Coin holdings have increased.

The number of spot trading pairs across major cryptocurrency exchanges has declined over the course of the year, according to data compiled by The Block Research.

Despite the lack of recognition from most African governments, cryptocurrency traders are still utilizing various exchanges across the continent. These exchanges offer different transaction costs and trading options, allowing customers to track their investments. Among the recommended exchanges are Bybit, Kraken, Coinbase, Binance, and Gemini, with the latter two prioritizing security and offering tools for passive income generation. Gemini is also a qualified custodian under the New York State Department of Financial Services, emphasizing its regulatory compliance.

Bitcoin's resistance at $31,000 could result in liquidations if it fails to break above it, while Binance CEO CZ predicts a bullish future for Bitcoin post-2024 halving and suggests that BlackRock's involvement in the crypto market will be beneficial. The top 10 cryptocurrencies, including BTC, ETH, BNB, and XRP, exhibit positive sentiment, with potential breakouts anticipated, but readers are advised to conduct their own research before making any investment decisions as stated in the article.

Australian regulators are investigating Binance, requesting internal communications and data from employees, contributing to the exchange's mounting legal issues globally. Binance faces scrutiny from multiple jurisdictions, including the US, France, and the Netherlands, and its lack of a physical headquarters may worsen its situation despite its cooperation with regulatory requests.

Binance CEO CZ said on social media that the Multichain vulnerability has not yet affected Binance and Binance users, and we have exchanged all assets and closed the deposit function. Regardless, we offer assistance to help resolve this issue.

Binance CEO Changpeng "CZ" Zhao has stated that the recent departures of key executive personnel from the company are part of normal staff turnover. CZ tweeted that the reasons given by the news are completely wrong, and that turnover occurs in every company as markets and the global environment for crypto change.

According to Bloomberg, citing people familiar with the matter, Binance’s new general counsel to succeed Han Ng will be Eleanor Hughes. According to the LinkedIn page, Eleanor Hughes joined Binance in November 2021 and has successively served as Senior Legal Counsel and Head of Global Regulation, and Head of Legal Affairs for the Asia-Pacific Middle East and North Africa region.

Patrick Hillmann, Binance's chief strategy officer, has confirmed his departure from the crypto exchange on good terms after two years with the company. This follows reports that several top executives in the United States have also left as a result of a Department of Justice investigation into Binance's alleged violations of U.S. sanctions.

Binance, the world's largest cryptocurrency exchange, now holds almost 90% of TrueUSD after an overnight spike saw over $2 billion of the dollar-pegged stablecoin move to the platform. This brings Binance's TrueUSD holdings from less than $500 million to almost $2.7 billion.

In the past 24 hours, the sudden dip of Bitcoin from its 2023 high has resulted in hundreds of millions of dollars worth of crypto assets being liquidated. Coinglass, a market intelligence firm, reports that nearly $140 million worth of digital assets were liquidated from major crypto exchange platforms.

Binance has stopped operating in the Netherlands and is directing its Dutch customers to Coinmerce, a registered crypto exchange and wallet service provider. Binance failed to obtain recognition as a virtual asset provider, resulting in Dutch residents being unable to use its services.

Binance, the largest cryptocurrency trading platform, has announced plans to retire deposit addresses and memos for several cryptocurrencies, including BTC, XRP, DOGE, AVAX, ICP, SOL, and XMR. The retirement of these addresses is scheduled for Q3 2021, with the aim of migrating them in batches to ensure a smooth experience for users.

Binance is set to upgrade its wallet infrastructure and has warned users about an upcoming address migration. The exchange will be retiring selected deposit addresses in batches as part of a network address migration scheduled for Q3 2023. The upgrade will affect a total of 40 cryptocurrencies, including Bitcoin, Bitcoin Cash, XRP, Solana, Monero, Litecoin, Dogecoin, Cardano, Polkadot, and others. Binance will also be deactivating memos, and users impacted by the changes will receive notifications to obtain a new deposit address and memo. Funds deposited into an expired address will not be lost, but users will need to manually credit them via the transaction history page.

According to JieData data, the giant whale address starting with 0x89df transferred all of its 50 million USDC to Binance from July 2 to July 6. The address transferred 45 million USDC to Binance on March 11, before the price of Bitcoin rose.