CMQTelegram has launched Fragment, a username auction platform built on the TON blockchain
Telegram founder Pavel Durov said in a message on the app early this morning that, as previously promised, the ability to buy Telegram usernames on the dedicated platform Fragment has now been rolled out and the username auction has begun. Additionally, the ability to sell existing usernames on Fragment will roll out in a few days. Pavel Durov said that this is the first time in the history of social media to create a fair and transparent username market, people will have ownership of their s...
CMQBasel Committee on Banking Supervision Approves Crypto Banking Rules to be Implemented in 2025
The Basel Committee on Banking Supervision (BCBS) has approved its global crypto banking rules, which will come into force on Jan. 1, 2025, according to a statement Friday. The BCBS, the main global standard-setter for prudential regulation of banks, recommends that banks should have no more than 2% exposure to certain crypto assets and usually less than 1%. These specific assets are tokenized traditional assets, including NFTs, stablecoins, and unsecured cryptoassets that do not qualify for ...
CMQThe bottom 20% employees of Binance this year may not have year-end bonuses
According to Wu said, Binance has suspected that it has announced that the bottom 20% of employees in this year’s performance ranking will not have year-end bonuses. Some teams have announced this news to employees, but there has been no company-level notification. It is uncertain whether the policy will change in the future. Binance bonuses will be distributed before the Spring Festival. Last year, some Binance team bonuses even exceeded 20 months. Since the beginning of this year, the globa...
CMQ
CMQTelegram has launched Fragment, a username auction platform built on the TON blockchain
Telegram founder Pavel Durov said in a message on the app early this morning that, as previously promised, the ability to buy Telegram usernames on the dedicated platform Fragment has now been rolled out and the username auction has begun. Additionally, the ability to sell existing usernames on Fragment will roll out in a few days. Pavel Durov said that this is the first time in the history of social media to create a fair and transparent username market, people will have ownership of their s...
CMQBasel Committee on Banking Supervision Approves Crypto Banking Rules to be Implemented in 2025
The Basel Committee on Banking Supervision (BCBS) has approved its global crypto banking rules, which will come into force on Jan. 1, 2025, according to a statement Friday. The BCBS, the main global standard-setter for prudential regulation of banks, recommends that banks should have no more than 2% exposure to certain crypto assets and usually less than 1%. These specific assets are tokenized traditional assets, including NFTs, stablecoins, and unsecured cryptoassets that do not qualify for ...
CMQThe bottom 20% employees of Binance this year may not have year-end bonuses
According to Wu said, Binance has suspected that it has announced that the bottom 20% of employees in this year’s performance ranking will not have year-end bonuses. Some teams have announced this news to employees, but there has been no company-level notification. It is uncertain whether the policy will change in the future. Binance bonuses will be distributed before the Spring Festival. Last year, some Binance team bonuses even exceeded 20 months. Since the beginning of this year, the globa...
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Crypto exchange Binance has processed $8 billion worth of Iranian transactions since 2018, despite U.S. sanctions aimed at severing Iran from the global financial system, according to Reuters. According to Chainalysis data, almost all of the money, about $7.8 billion, was flowing between Binance and Nobitex, Iran’s largest cryptocurrency exchange. Nobitex provides guidance on how to circumvent sanctions on its website. Three-quarters of Iranian funds passing through Binance are Tron (should be the Tron blockchain network), and Nobitex encourages customers to use Tron for anonymous transactions without “compromising assets due to sanctions.” The U.S. Justice Department’s investigation into Binance comes as Binance says it is not a U.S. company but has taken aggressive steps to limit its exposure to the Iranian market.
Data reviewed by Reuters shows that since 2018, a total of about $2.95 billion in cryptocurrencies has been moved directly between Iranian exchanges and Binance. Another $5 billion in cryptocurrency was moved between the Iranian exchange and Binance through an intermediary layer.
According to Chainalysis data, Nobitex users started moving Bitcoin through Binance in April 2018. From August 2020, Tron trading volume between Nobitex and Binance surged. Data shows that as recently as October of this year, $20 million in Tron flowed directly between Binance and Nobitex.
Crypto exchange Binance has processed $8 billion worth of Iranian transactions since 2018, despite U.S. sanctions aimed at severing Iran from the global financial system, according to Reuters. According to Chainalysis data, almost all of the money, about $7.8 billion, was flowing between Binance and Nobitex, Iran’s largest cryptocurrency exchange. Nobitex provides guidance on how to circumvent sanctions on its website. Three-quarters of Iranian funds passing through Binance are Tron (should be the Tron blockchain network), and Nobitex encourages customers to use Tron for anonymous transactions without “compromising assets due to sanctions.” The U.S. Justice Department’s investigation into Binance comes as Binance says it is not a U.S. company but has taken aggressive steps to limit its exposure to the Iranian market.
Data reviewed by Reuters shows that since 2018, a total of about $2.95 billion in cryptocurrencies has been moved directly between Iranian exchanges and Binance. Another $5 billion in cryptocurrency was moved between the Iranian exchange and Binance through an intermediary layer.
According to Chainalysis data, Nobitex users started moving Bitcoin through Binance in April 2018. From August 2020, Tron trading volume between Nobitex and Binance surged. Data shows that as recently as October of this year, $20 million in Tron flowed directly between Binance and Nobitex.
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