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Binance Wallet Launches Revamped Yield+ with $650,000 Reward Pool

Binance Wallet has unveiled its revamped Yield+ product, offering users an effortless staking experience for top assets with high annualized returns and exclusive rewards.Highlights of the New Yield+:Boost Your Earnings: Access additional annualized yield rewards through exclusive Binance Wallet promotions.Smooth Staking: Enjoy seamless multi-protocol staking while reducing gas fees.Integrated Interface: Stake directly within the Binance Wallet without switching between multiple dApps.The revamped Yield+ currently supports seven premium on-chain strategies for BTC, USDT, USDC, BNB, and SOL, with more strategies coming soon.Exclusive Yield+ Rewards:Stake BTCB on Solv: Earn an additional 22% annualized yield.USDT/USDC Strategy on Ethena: Enjoy 22% APR and share a $150,000 $ENA airdrop.SOL Strategy on Solayer: Receive 4x Solayer points and 10% annualized yield.Event DetailsDuration: December 19, 2024 – January 9, 2025 (UTC+8)Total Reward Pool: $650,000How to Participate:Update: Download Binance App v2.93.0 or higher.Log In: Access your Binance Wallet.Navigate: Go to Finance > Yield+.Select: Choose a strategy and click Stake. 
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Binance Highlights Compliance Efforts at ACFE Hong Kong Anniversary Conference

The ACFE Hong Kong Chapter's 25th Anniversary Conference, held at the Regal Hongkong Hotel, gathered over 150 attendees, including compliance professionals and regulators, to discuss pressing issues in fraud prevention and financial integrity. A panel discussion titled "Crypto-Related Financial Crime and Regulations" spotlighted leading voices in the cryptocurrency space, including Binance’s Nils Andersen-Röed.Tackling Compliance Challenges in CryptoDuring the panel, Andersen-Röed addressed the complexity of navigating global regulatory landscapes, especially with only one-third of jurisdictions having dedicated crypto frameworks. Binance’s commitment to setting a compliance benchmark was evident, with significant investments in technology, processes, and talent aimed at building a "gold standard" for the industry.“Our goal is to establish Binance as the industry’s gold standard and to set an example for our peers in the crypto space,” Andersen-Röed stated.Collaboration with Law EnforcementThe panel highlighted Binance’s proactive role in combating financial crime. Andersen-Röed shared examples of successful partnerships with law enforcement agencies in India, Indonesia, Malaysia, and Thailand, emphasizing the role of blockchain technology in detecting and mitigating illicit activity.Risk Management in Crypto vs. BankingThe discussion also compared risk mitigation in traditional banking to the crypto sector. While both industries adhere to stringent KYC/AML requirements, blockchain’s decentralized and immutable nature presents unique challenges. Andersen-Röed elaborated on Binance’s use of RegTech solutions and proprietary tools to monitor transactions and enhance compliance processes.Binance’s Commitment to Global StandardsBinance emphasized its dedication to preventing financial crimes, including money laundering and terrorism financing. Andersen-Röed outlined the company’s approach to tailoring compliance programs for each jurisdiction, aligning with local laws and international standards.The ACFE Hong Kong panel underscored the importance of collective efforts in building a secure and sustainable crypto ecosystem. With industry leaders like Binance driving compliance and innovation, the cryptocurrency sector is well-positioned for responsible growth and adoption.This event highlighted the ongoing evolution of the crypto industry and Binance's role in fostering trust and collaboration among global stakeholders.
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Binance Expands Usual (USUAL) Accessibility Across Earn, Crypto Purchases, Margin, and Futures

Binance has announced the integration of Usual (USUAL) into a broad range of its services, including Simple Earn, Buy Crypto, Convert, Margin, Auto-Invest, and Futures, enhancing accessibility and utility for its users. Below are the key details and timelines:New USUAL Integrations on Binance1. Binance EarnLaunch Time:USUAL Flexible Products will be listed on Binance Simple Earn starting December 18, 2024, at 11:00 UTC.Users can subscribe and start earning flexible rewards.2. Binance Auto-InvestLaunch Time:From December 19, 2024, at 10:00 UTC, users can purchase USUAL through any supported payment options on Binance Auto-Invest.3. Buy & Sell CryptoAvailability:Users can buy USUAL using payment methods like VISA, MasterCard, Google Pay, and Apple Pay, or through wallet balances on the "Buy Crypto" page.Service becomes available within one hour of USUAL being listed on Binance Spot.4. Binance ConvertZero-Fee Trading:Users can trade USUAL against BTC, USDT, and other tokens on Binance Convert with zero fees.Available within an hour of the Spot listing.5. Binance MarginMargin Trading:USUAL will be added as a new borrowable asset on Cross and Isolated Margin, paired with USUAL/USDT.Launch Time: December 18, 2024, at 13:00 UTC.VIP Access: Binance VIP 7 to VIP 9 users can borrow these assets 30 minutes prior to public trading.6. Binance FuturesMore details about USUAL's Futures contracts, including leverage levels and trading specifications, will follow shortly.Trading UpdatesUSUAL/BTC: 0.00000000 (+0.00%)USUAL/USDT: 0.8409 (+14.44%)
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Binance Expands Vana (VANA) Offerings Across Multiple Platforms

Binance has announced the integration of Vana (VANA) into several of its services, including Binance Simple Earn, "Buy Crypto," Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures. These additions are set to roll out at various times to enhance trading and investment options for users.Key Updates for Vana (VANA) Listings:Earn:Flexible Products: VANA will be listed on Binance Simple Earn Flexible Products starting 2024-12-16 11:30 (UTC), enabling users to earn rewards on their holdings.Auto-Invest: Starting 2024-12-18 10:00 (UTC), users can purchase VANA using Binance Auto-Invest and take advantage of automated investment plans.Buy & Sell Crypto:Users can purchase VANA with VISA, MasterCard, Google Pay, Apple Pay, or wallet balances via the "Buy Crypto" page within one hour of its Binance Spot listing.Convert:Binance Convert will support VANA trading against BTC, USDT, and other tokens at zero fees within an hour of its Binance Spot debut.Margin:VANA will become a borrowable asset on Binance Cross and Isolated Margin platforms starting 2024-12-16 14:00 (UTC), paired with USDT. VIP users (VIP 7 to VIP 9) can borrow the token 30 minutes prior to the official Margin trading launch.Note: Interest will accrue on borrowed VANA tokens, even before Margin trading officially begins. Traders should implement strong risk management due to potential volatility.Futures:Binance Futures will launch the USDⓈ-M VANA Perpetual Contract with up to 75x leverage, starting 2024-12-16 13:30 (UTC).
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Richard Teng Named One of CoinDesk’s Most Influential People in 2024: The Ex-Regulator Stabilizing Binance

Richard Teng, the CEO of Binance, has been recognized as one of CoinDesk's Most Influential People in 2024, a testament to his transformative impact on the world’s largest cryptocurrency exchange. Teng’s journey from a regulator in Singapore and the UAE to leading Binance underscores his pivotal role in reshaping the exchange’s operations and reputation.Since taking the helm in November 2023, Teng has spearheaded a compliance-focused overhaul at Binance, steering the company away from its early days of regulatory clashes. This transformation has seen Binance invest heavily in compliance measures, bolster its staff, and secure global regulatory approvals, setting a new industry benchmark. Teng’s leadership marked a departure from Binance’s founder-led structure under Changpeng “CZ” Zhao, transitioning the company to a board-led organization that prioritizes regulatory adherence and sustainable growth.The timing of Teng’s appointment was crucial, coming in the wake of Binance’s $4.3 billion settlement with U.S. regulators for failing to meet anti-money laundering (AML) and know-your-customer (KYC) standards. Teng's efforts have been instrumental in restoring confidence in Binance's operations, focusing on building a resilient enterprise prepared to thrive for decades to come.In an interview with CoinDesk, Teng emphasized his vision for Binance’s future, stating, “It’s really about building a sustainable enterprise that will not only succeed over the next few years but continue to prosper for the next 50 to 100 years.” His strategic direction reflects a commitment to responsible innovation, regulatory compliance, and long-term success.Recognizing Teng as one of 2024’s Most Influential People underscores his significant contribution to Binance and the broader crypto ecosystem, highlighting his leadership as a stabilizing force in a rapidly evolving industry.
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Binance to Delist Three Spot Trading Pairs on December 13, 2024: DCR/BTC, PEPE/TUSD, and ZEN/ETH

Binance has announced the removal of three spot trading pairs: DCR/BTC, PEPE/TUSD, and ZEN/ETH. Trading for these pairs will cease at 03:00 UTC on December 13, 2024.This decision follows Binance's routine market review, where factors such as liquidity, trading volume, and market dynamics are evaluated to ensure an optimal user experience.What Users Need to KnowAvailability of TokensAlthough these pairs are being removed, the tokens associated with them—DCR, PEPE, and ZEN—will remain available for trading through other supported pairs on the Binance platform.Spot Trading BotsBinance will discontinue Spot Trading Bots for these pairs at the same time. Users should take proactive steps to update or cancel their bots to avoid losses when trading ceases.Reasons for DelistingBinance regularly delists trading pairs to improve market efficiency, addressing low liquidity and poor trading volume as part of its commitment to maintaining a vibrant and secure marketplace.Accuracy of InformationAs discrepancies may exist in translated versions of this announcement, users are encouraged to rely on the original English article for the latest and most accurate information.User GuidanceBinance advises traders engaging with these pairs or using automated trading tools to take immediate action. This includes updating strategies and ensuring bots are deactivated before the delisting date.
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