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Binance denies France’s claims as legal challenges mount worldwide

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Binance has denied reports suggesting it is facing legal challenges in France, reaffirming its commitment to compliance with local regulations. Recent speculation claimed that French authorities were investigating the crypto exchange for alleged regulatory violations, but Binance dismissed these claims as misleading. The company emphasized that it continues to cooperate with regulators worldwide and remains fully operational in France.

The denial comes as Binance faces increasing scrutiny from financial watchdogs across multiple jurisdictions. In recent months, the exchange has encountered regulatory pressure in the United States, Europe, and Asia, leading to heightened concerns over its global compliance efforts. Despite these challenges, Binance maintains that it adheres to all applicable laws and is actively engaging with regulators to ensure transparency in its operations.

France has positioned itself as a key player in the European cryptocurrency landscape, implementing strict licensing requirements under the country’s Financial Markets Authority (AMF). Binance, which secured registration in France in 2022, asserts that it continues to meet all necessary regulatory obligations. However, ongoing regulatory developments in the European Union, including the Markets in Crypto-Assets (MiCA) framework, may introduce additional compliance hurdles for major exchanges.

As regulatory oversight of the crypto industry intensifies, Binance’s ability to navigate these challenges will be closely watched by investors and market participants. The exchange’s response to legal and compliance concerns will play a crucial role in shaping its global standing. For now, Binance remains firm in its stance that it faces no legal jeopardy in France and is focused on maintaining its leadership in the digital asset space.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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